The advocate and Topeka tribune., 1893-08-16

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Of our unparalleled growth andresourcss,
might be passed upon. But when our
avowed endeavor is to maintain such
parity in regard to an amount
of silver increasing at the rate
of fifty million dollars yearly,
with no fixed termination to such increase
it can hardly be said that a problem is
presented whose solution is free from
doubt.
No Experiments Wanted.
The people of the United States are en-
titled to sound and stable currency and
to money recognized as such on every
exchange, and in every market OF the
world. Their government has no right
to injure them by financial experiments
opposed to the policy and practice Of
other civilized states. nor is it justified In
permitting an exaggerated and unreason-
able reliance on our national strength
and ability to jeopardize the soundness
of our peoples money. This matter rises
above the plane of party politics. 1t
vitality concerns every business and call
ing and enterprise, every household In
the land. There is one more important
aspect of the subject which especially
should not be overlooked. At times like
the present, when the evils of unsound
finance threaten us, the speculator
may anticipate a harvest gathered
from the misfortunes of others.
The capitalist may protect himself by
boarding, or may even find profit in the
auctuation of values, but the wage
Garner, the first be injured by de-
preciated currency and the last to re-
ceive the benefit of its correction, is prac-
Ideally defenseless.
The LAboring Man Suffers.
BE relies for work upon the ventures
of confident and contented capital. This
failing him, his condition is without le-
Walton, for he can neither prey ON the mis-
fortunes of others, nor hoard his labor.
One of the greatest statesmen our
country has known, speaking more than
fifty years ago, when arrangement Of
the currency had caused commercial
distress, said
"Ths very man of all others who has
the deepest interest in a sound currency
and who suffers by mischieVous legisla-
ton in monetary matters, is the man who
earns his daily bread by his daily toll"
These words are as pertinent now as on
the day they were uttered, and ought to
impressively remind us that failure in
the discharge of our duty at this time,
must especially injure those of our coun-
trymen who labor and who because Of
their numbers and condition are entitled
to the most watchful care of their gov
ernment 1t is of the utmost importance
that such relief as congress can afford in
the existing situation be afforded at once.
Our Imaginary Ills.
The maxim, "He gives twice who gives
quickly" is directly applicable. 1t may
bo true that the embarrassments from
which the business of the country is suf-
fering, arise as much from evils appre-
hended, as from those actually existing.
We may hope, too, that calm eounsels
will prevail and that neither the capital
lists nor the wage earners will give way
TO unreasoning panic and sacrifice their
property or their interests under the in
luence Of exaggerated fears. Never
thelesS every days delay in removing one
Of the plain and principal causes Of
the present condition of things enlargss
the mischief already done and increases
the responsibility of the government for
its existence.
Sherman Aot Must Be Repealed.
Whatever else the people have right
10 expect from congress, they may cer-
tainly demand that legislation condemn
cd by the ordeal of three years disastrous
experience, shall be removed from
the statute books as soon as their
representatives can legitimately deal
with it. It was my purpose to summon
congress in special session earlier in the
coming September, that we might enter
promptly upon the work of tariff reform
NJ hich tha frna intarnsta of tho cnnntrn