The Russellville Democrat., 1893-08-03
Mills on the Situation.

Senator Roger Q. MILLS was Tn Austin the other day and was inter viewed by a representative of the Houston Post In response to an inquiry as to the possible attendance at the unexpected special session of congress during the heated term, Mr Mills said that he himself ex- pected to attend and that every oth- CT man ought to comply with his duty and attend also. It was for this that they were elected.
 The correspondent noted that the call itself seemed to have sllayed to some extent the financial 5anic.
 It was, he said, senseless panic, as most panics are. The banks all over the country are filled with meney which they refuse to release. Credit has been arrested through no fault of the money of the country, which is yet good enough, but for a want of confidence. Just as loose horse running through the woods may cause the most serious panic in an army, so the slightest scare in the financial world will cause every man to lose confidence in the hon esty of his neighbor; loans are call ed, banks are drained and ruin fol lows
 Mir. Mills ascribed the present panic, however, to more than false alarm. It was, he thinks, the result of conspiracy on the part of Wall street to force the government to is- sue gold bonds in order that certain large money owners might find this pleasant form of investment.
 Great quantities of gold are daily shipped abroad as part of the con spiracy. Immense amounts of Fed eral money paper is presented at the treasury and gold demanded for shipment. Then the cry is raised that all the gold is going out of the country and if the government does not buy gold with bonds and store it, the gold vaults will be emptied and the country brought to silver ba- sis.
 This conspiracy failed to produce the desired effect at Washington, but produced another, of which the conspirators were utterly careless. It frightened all of the smaller money holders and caused a very disastrous panic.
 In this way he believes Wall street is the pulse which moves the money spirit of the country. And while the administration refused to issue bonds as desired and demand ed by the wreckers, Mir. Mills said that if he had been at the head of as large bank as the Federal treas ury, the largest in the world, with the authority to pay out either gold or silver, he would have at once handed out the silver to gold seek CTS and settled the whole conspiracy at once.
 He does not believe this would have disarranged the party between the two dollars. He said all cry of gold going to premium was fal- lacious, as gold was standard just as a yard stick was and could no more vary in value in it's money character.
 Silver could and would depreciate just as did paper money, but the standard always remained the same
 He mentioned the fact that he had received a letter only a few days ago from leading New York financier seeking to scare him up on the ne cessity of abolishing the use of sil- yer money. This letter declared that so much gold was going out of the country that it was even now worth more over here than in Lon don. He deemed this self evident as the common rules of trade would keep the gold where it brought the highest price
 The lion of the tribe of Judah is not terrified by the howl of the Wall street cormorant and will probably send back a bold and ably answering roar when he once more has the National senate chamber for a stronghold ~