The herald., 1893-08-12
CURIOUS CoNrRAsr-rHE WRIST WILL
HIT BACK.

time in recovering from the universal
detestation with which he is regarded
in the west. let no man doubt. His de-
nunciation of the "boom" cities Of this
section was totally uncslled for, was
wanton in the extreme and was of q
character which is never forgotten and
rarely forgiven. He talks about the
"boom" towns of Southern California,
of towns which nave been built up with
out any necessity for them, and 90 on
ad nauseam. If he were talking in the
years OF 1867, there might he some
justification for this extravagant rant.
1t might then have had some semblance
of truth, but as it is our real estate
boom has been over for at least five or
six years.
His sneer at the whole west is OF a fe-
rocious character. and his laudation Of
the financial solidity of New York and
New England correspondingly cordial.
His commendation of the financial solid
ity of those institutions every American
will hope is deserved. But, as a matter
OF fact, New York city has gone through
very severe pinch. The banks OF the
metropolis of the country were only
protected by the fact that they resorted
to the issuance of Clearing House certifi-
Gates, of which at least $36, 900, 900
worth have already been issued. But
for this device, and not only the coop.
GRAFTON, but the srbserviance of the
treasury department, more banks would
have failed in New York city, in ratio,
at least, than in any portion OF the west.
1t is nothing for treasury official to
talk through his hat, to use the cant
phrase. Mr.. Carlisle. who possesses
the invaluable faculty of keeping his
mouth shut except on the rare occasions
when he Is prepared to talk on finance
with reserve that rivals that of the
Sphynx, should command his subordi-
nate to attend to the details OF his Office,
and to hold his tongue as to all else.
The gold bug Of New York is unwill-
ing to allow the people OF the country at
large to have any additional money.
Yet, as we have stated, day before yes
terday the issue Of the clearing house
certificates amounted to $50. 900, 900.
That is to asy, the 100000 inhabitants
OF the city of New York gave themselves
relief from the financial stringency at a
rate which would amount to 81 500 ,000,- :
900 for the 65.000,000 people of the
United States. In addition, during a few
weeks past they have had half dozen
most important concessions from the
government of the United States, such
as proponents OF interest, etc. Here
is consistency for you with vengeance
The fact is that this assumption OF su
preme wisdomsby the nioneyed men o
the east is all poppycock. If it were no
for the west New York and the cas-
would be bankrupt within year. Th'
west is learning her power, and it ia higl
time that she should assert herself. Az
ready important movements are unde
way which will transfer the commercial
centers OF the country to ths west ant
southwest. The supercilious Gothamit
may snicker at this, but it is sure t.
come, and to come soon. The lack OF al
kinds OF patriotism in the city OF New
York is a thing to marvel at. But -etri
button is at hand. Foolish indeed woul'
it be for the hardy millions OF the ives
to consciously build up conscienceles
metropolis.
Frequently great parade is mad
about the unanimity in tine New Iorl
newspapers and in the journals Of othe
eastern cities on the question of tn
single gold standard. This unanimit
is all balderdaeh. 1t is the unanimit
of slaves. Every item of patronage de
rived from the business community b
the men who employ these journalist
doctTnaires is given with the distinc
understanding that it is the price OF thi
subornation of conscience and per
Nine out OF ten OF the men who writ
this trash don't believe in it. This is
somewhat ascetic arraignment OF th
r eastern press. We admit that it il
But it is true to the letter all the same
+ They not only do not believe it in whol
but they do not believe it in par
|, These writers exemplify the old Lati
3 aphorem, "false in one thing, false
c all things" From turret to foundatio
, stone the eastern newspaper advocac
: OF the demonetization of silver is
fabric of fraud.
. The duty of the west ia quite plain.
= ought to keep on at its great work
knocking the shackles of New York ar
8 other Shylocks from the limbs and msr
8 bers of freemen. 1t should neith
r allow the financial ring to be p'
through the nose nor the gyve to be p
: OH the ancle. New York is, after a
Q only an artificial commercial center
+ trade. Her remorseless rapacity b.
8 doomed her. An enlightened man,
g the person OF De Witt g. Clinton, in tt
g creation of the Erie canal, gave birth
& her commercial supremacy. The who
concentrated energy Of the west will nc
be devoted to substituting for tt
Q harsh and treacherous task-mast
9 western centers OF trade. Sh
/. canals will be pushed to CO.
h pleton north and south. Cana
g will come to be regarded as less hosti
t than New York, and transportion W
!, be facilitated ON the st. Lawrence
Il enlarging the existing canal facilit
It while ship canal will undoubtedly
Hpshad to the Mississippi river,