The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-10-06
Cd and the magnitude Of each enter

ed and the magnitude OF each enter
prise exaggerated. Correspondents ara
anxious To earn money. and knowing
that partisan newspapers are looking
for. calamity news. they furnish IL 10
orter. Neither is money SO tight The
republican papers have been bowling
about there being no money o. buy
grain with. One Of the largest coin-
mission houses in Chicago is soliciting
business and Offering To pay all drafts
on grain. The mer who cannot get
drafts paid must have very poor credit
and standing in Chicago"
The democrat who talks and writes
In this is making trouble for
himself and his future. lie is trying TO
underestimate the calamity. because
he thinks II must rest upon democratic
shoulders. The republicans have got
him just where they want him. lie
has tacitly admitted that the demo-
cratic is the guilty party. 1t is MT
easy for a confessed criminal 10 prove
his innocence. If he is innocent las is
the democratic party he should first,
last and always assert his ipnocence.
II he does not do so, public opinion will
be against him; this. in the case Of the
democratic party. would - fatal.
Let the republican calamity howlers
make things as blue as th<v desire.
The resnlt will be bad on the ~country
but it will come home to roost before
1894: and, if the sherman silver pur-
chase act is repealed Internationally
by September Is. as now seems proba-
bic, these fire-alarm republicans may
be eating calamity crow before next
November. This is a currency panic.
On every other score conditions are ia
vorable Prosperity will again be our
guest as soon a. we bid farewell to our
false fricnd-the cheap dollar. Repub-
leans will then stand condemned land
doubly SO, out Of their mouths. We
will enjoy democratic prosperity due ia
the repeal of republican legislation. II
will then be manifest to the unthink.
ing-what is now evident to the think
ing-that the present panic Is due to
lack of confidence in the soundness OF
our currency.
The present calamity NAV not be as
bad as is represented by republicans,
but IL will be a cargo that will sink the
democratic ship If taken aboard. The
republicans are attempting to unload
TO it So that they can save their cargo
of Mckinleyism Don't allow them to
do il.
The present is a financial panic. IL
it were due to a tariff scare we should
have more. rather than less, none
with which to do business. At leas.
one-half Of our manufacturers. mcr-
chants n business men are using Dor
capital. They sell on credit and
discount for cash the notes which they
IL business were at a stand
still because of uncertainties IL regard
to the tariff. there would be less de-
for capital. money would be a
drug in the market and interest would
be unusually low. On the contrary,
money never before commanded such
high rates of interest, in times of peace.
as during the past few months. And
in spite of the fact that there is to-
day more gold and silver outstanding
in the United Stases than ever before.
wants to go on; this is what
makes the demand for money. Ii cam
proceed because of the apparent
of money and the fabulous
of interest. Those who possess
money will not. for ordinary interest,
part with il for more than a few DAYS,
until they are certain that il will be re-
for 100 and not 80 or 60 cents on
dollar. Here is the cause Of the
present trouble. business will mend
upon the repeal Of the Sher-
nan act BYRON W. Hour.