The great West. [volume] (St. Paul, Minn.) 1889-18??, 1893-11-03
AN EASTERN WRITER

AN EASTERN WRITER;
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EXPRESSES SOME VIGOROUS VIEWS
OF THE SITUATION =
The Treason Of Voorhees, and Carlisle.
The Calamity Howlers.t44. f1fS admin
istration's Scheme to Extend the Privi-
'eee' of the Banks.
Few men have denounced with more
vehemence the act .demonetizing silver,
1.-The crime of 1878" than Secretary Car
isle and Senator voorhees,. And these
are the very two men who take the chief
part in the act to stop the coinage of sill
yer, the crime of 1898. This pair of en-
inent statesmen should pause to con-
slider ere it is too late the sorry figures
they are likely to make in history.
The monolnetallic editors, taking their
cue from that recent convert to goldbug-
ism-Mr. Secretary Carlisle oppose with
much violence Mr.. Tom Johnson's bill to
make United States bonds interchange
able with treasury notes. They claim
that these notes, being redeemable in
gold, would menace the small but very
dmportant gold balance in the treasury.
This objection comes from the gentle
men who insist that all silver certificates
and silver coins shall be redeemable in
gold, and that silver shall under no cir
cumstances perform the work of final re-
demptiOn. .. ~*..
Under this system every form of
money and currency other than gold
and every bank check, promissory note,
open account or other evidence of indebt-
edness is payable ultimately in gold. Of
all these forms of money and evidences
of Indebtedness the greenback, being
convenient for use and a full legal ten
der, is theleast likely to be presented for
redemption in gold. Experts in sophis-
try such as these spokesman for the gold
standard should be able to invent some
objection to the johnson bill more plaus-
ible than this onesrc
Has the patronage of the presidency
ever been used more openly or corruptly
than by Grover Cleveland, the eminent
civil service sreformer and idol of the
Mugwumps, to secure the repeal of the
Sherman law?
Voorhees, stump speech in favor of
silver injected into his bill destroying
silver reminds one of the resolutions
adopted by the lynching party in Arizo-
ma enlogizing the many virtues of the
innocent gentleman they had just choked
to death and extending their fearful
sympathy to his orphans and friends.
We have not heard any mention re-
Gently of the scheme to permit the ma
tional banks to issue notes based on rail
road bonds and other securities, which
was SO popular among our .'solid finan-
ciers" year or two ago. It is evident,
upon the whole, that this great reform
must wait awhile. Many Of our most
important railway systems are in the
hands of receivers, their securities are sell
ing all the way down from 30 cents on
UAO OO110A w " VI ~ COuUS OC1OW HULL
ing, and a number of our great railway
magnates are with some difficulty keep
ing out of Jail. This admirable and con-
sentative plan for extending bank issues
need not be abandoned, but it must be
postponed to more favorable season.
The great metropolitan newspapers
which have been urging holly the repeal
of the Sherman bill are able only clum-
silly to conceal their contempt for their
new and important allies, Carlisle and
VOORHEES,. This is natural. The Eng
lish people never did and never will
really like that very distinguished
American citizen, General Benedict
Arnold, who undertook to render great
service to England. Even the benefci-
aries of treason hate traitor.
The country never really understood
what "calamity howl" could be until
the great bankers of our big cities filled
their lungs and began to whoop up the
repeal of the Sherman law. Their fear
was as the panic of the lost and undone,
and their walls and lamentations were
as the voice Of the thunder and the sound
of the tornado.
The gifted editor, Mr.. Joseph Pulitzer,
has discovered a sovereign balm and cure
for the woes of the hungry. To each one
he gives loaf of bread and statement
of the circulation of the New York
World. In their eagerness for bread
they swallow the figures and are hence
forth insured against discomfort. Mr..
Pulitzer is so pleased with his own in
telligent philanthropy that he is plan
ming a colossal statue of himself to rise
Al feet higher than Bartholdi's creation
and to be entitled Pulitzer Enlighten-
ing and Advertising The World.
To say that the goldbug Republicans
are pleased with Mr.. Cleveland is to put
the case too mildly. They bubble over
with enthusiasm and thrill with pleas
ure when they mention his sacred name.
He has fairly cut John Sherman and
Ben Harrison out in their affections.
All honor to Vest and CockreI and