The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-07-20
Various Views.


But for the Sherman law we should
now be coming every month silver bull
lion costing $1,000, 000.-Mitagaukee Sen
tinel.
''Were it not for the debased position of
silver and the consequent depression of
business, the farmers of Colorado, taken
as whole, would be in better condition
this year than ever before in the history
of the state. y Trinidad Meas.
About all that was left of the burned
cold-storage building at the Worlds fair
was sign with this legend: ''This Build
ing Strictly Fire Proof. As we poke
our heads above the sea of troubles caused
by the Sherman act, the first things that
meet our eyes are Senator Sherman and
the G. o. p. fiounderlng around in the
water and pointing to a drifting, soggy
sign: 1.-THE Sherman Act Warranted to
Prevent Trouble. ''-LouiSuuLe Courier
Journal.
1t is one of the most significant features
OF the present financial crisis that Phila-
delphia banks say they cannot get any
form OF money with which to pay their
Indebtedness to New York banks. The
charge all along has been that the over
production OF silver was creating too
much money in this metal; yet banks
would be glad to get enough medium OF
ton or two of silver. Idaho World.
Iowa Democrats are still anxious that
Governor Boies should be candidate for
Tor reelection, but that gentleman has q
senatorial bee in his bonnet and cannot
be depended upon to ask for the govern
orshiD for the third time. The Demoera-
cy of Iowa should not impress its Repub-
lican opponents with an idea that it can
not win without Boies. Any good strong
Democrat will be elected and Governor
Boies will be sent to the United States
Senate, where he will be foremost figure.
Chicago Times.
The gold bugs claim that there can be
no lack OF confidence in business with a
gold currency, but all the facts are
against them in this matter. Australia s
currency is gold. yet nearly all the lead
ing banks OF that country failed recently
because their depositors lost confidence
and attempted to withdraw their money.
England's currency is gold, but in 1890,
alter the Barring failure, the loss OF conf
dence on the part OF the bank depositors
became SO great in London that the Bank
OF England was compelled to borrow
SO, 600 900 from the Bank of France to
avoid closing its doors in consequence OF
the withdrawal Of its reserves by fright
ened epositors.-DeRUer Republican.
The eastern masses are totally ignor-
ant on this the greatest economic ques-
ton of the day, but they are open to rea-
son and argument, and If the silver pro-
ducing states Will but send out the mis-
sionaries with proper literature thou
sands of friends will be made for the
white metal. Let US but reach the peo-
ple-the farmers, laborers, mechanics and
professional men, the bone ana sinew OF
the nation-and our cause is won. Make
them understand that the east and west
are Identical; that when the one is four
1sning and prosperous the other will be
IN the same condition, and then, and not
till then, will recommendation be dead
and forgotten issue. -Sdliod Mall.
Secretary Hol1e Smith is receiving
much criticism from the Republican press
because he is enforcing the pension laws.
The pension act of 1890 provides that in
order to draw pension for disabilities,
not incurred in the service and not at
sioner must on that account be incapaci-
tated for manual labor. Former pension
acts provide that a pension may be
granted for Injuries received in the war
whether they do or do not disqualify the
| pensIoner for manual labor. Under
Commissioner Raum everything went
He proceeded under a sort of composite
act OF his own, formed out of all the acts
and so comprehensive as to include about
every man who had ever seen or heard O
the war and who at some period OF his
| lie had suffered from anything from
toothache to a bunion. The sooner the
mistakes of Raum are corrected, the
sooner will the pension system regain the
respect it had when it was established al
the close of the war.-Andcondd Standard