The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-12-26
OUTSIDE OPINIONS.

The New York banks furnish ideas for
most of the northeastern congressman, and
the bullonalres for all the Is to l silver
monOmetallists. Between them they own
A congressional force of such strength that
If any monetary question Is made strict
party issue they have a chance to hold the
balance of power. Congressman from the
agricultural states Of the South and West
are not bound in any way to either New
York banks or bullolaires. They owe 10
their own people constant effort 70 improve
the availability OF the money supply, and
they owe to the government equal vigor or
effort in checking the disturbance OF credit
caused by drains upon the gold reserve
ST. Louis Republic (dem).
As long as The present condition Of the
currency shall exist, with the government
borrowing gold to redeem its notes ana
reissuing the notes and redeeming them
again whenever there may be a demand
for gold at home or abroad, the banks
can continue 20 pursue their present policy
which amounts to n suspension or gold
payments-and the treasury can only de-
fend itself by further borrowing. There
is only one honorable and safe way out
of this COLL That is to fund the floating
debt, and call in the greenbacks and treas
ury notes and destroy them. Any other
course is to make slow progress toward
partial population and such commercial
and industrial revulson as would be in
VOWED IN 1fllure OF the pubic circuit
Philadelphia Record (dem.).
There are many good provisions in the
measure proposed by Commissioner
Wright. and if accepted in good faith by
employers and tna labor organizations they
could not fail to produce the most beneti-
cent reSuslts, but 1t is simply midsummer
madness for any act Of congress or any
Legislature to assume to control the absO-
lutte rights of both workingmen and en-
ployers Concllia ton and arbitration are
the true methods for the solution of all
labor disputes, and TO whatever extent
Commissioner Wrights proposed bill
would promote the peaceful solution Of
labor disputes it is worthy of the highest
commentator; but ii can accomplish moth
ing If it attempts too much by assuming
that the government shall become paternal
to the extent Of deciding when a working
man shall work or when an employer shall
employ. Philadelphia Times (dem).
Thus the circulation OF Canada, begin
ming with thlrty-one millions in January,
1891. began 10 rise in August that is, in
the crop-moving season. and reached thirty
seven millions in November, falling 10
thlrty-one millions in April, 1892. In Octo-
Der II was up to thirty-eght millions, and
down to thirty-two in January, 1898. This
was a regular rise and fall corresponding
to business requirements. In the United
States. on the other hand, there was no
movement either up or down which had
any relation to business changes. The cur
rency ran at a dead level, except as IL was
augmented by the operation Of the Sherman
silver act, until the panic of 1898 came.
Then there was a sp3smodic Increase OF
bank notes. but this increase did not be-
come effectual until September, when the
money pinch was over. Then the clrcula-
ton became redundant. but there was no
way TO retire TN. Y. Post Gnd.).
There is scarcely a we,k that passes by
in which we do not Rad Of a contest over
a will The very fac. that man has been
able to amass q competence, If not a for
tune, might be supposed to be prlma facie
evidence that he was shrewd and intelli-
gent and possessed of good business
methods And yet when he dies, because
his heirs do not receive as mucn OF his es-
taee as they expected. they at once set ND
the claim that ne was not in his rigAt
mind. Everything that ne did or said IS
reviewed and : meaning unfavorlele 10
him wrested from it. while little eccen-
sricities and oddities of disposition are
sslzed upon and made to assume the form
of lunacy. 1t would seem as il when
Will has besn made devis.ng property with
reasonable fairness, doubts as to sanity
should be looked upon with suspicion and
the claims OF disappointed relatives only
admitted after the strongest and most
overwhelming proof. II attempts ut will
breaking continue to be as successful as
they now are, wlll-TnakinS may eventually
be counted among the lost srts.-Phladel-
phla Inquirer Qcp).