New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-08-31

never done anything much in that line. ana pc
cause as it has itself explained i.s PoHG hu nae
never before been unhindered. Repuphcai
President or a Republican Senate stood IN the
way Its candidates were accustomed 10 'ei,
the people that everything the hepuoilcans ia, ,ian
done was bad and that the Democrats II they
got the chance, would destroy 1t. They never
really meant all they said and they appeared IN
the LID Congress. for the hrst time WIN Iuii
mower alarmed at the evidence that they hau
been taken seriously. This feeling or self-dis-
trust accounts for their failure To make "VrSs
record than now exists against mem II Is y D atl
enough. to be sure. and yet much more was az
tempted which has not yet succeeded. nv!
have not dared to finish many blows mat nav
heen aimed They were under the necessity at
least Of aiming them for the political forces from
which they derived their power were cssentia'''
socialistic and had to be fooled II not satished'
DESTRUCTIVE TENDENCIES OF THE BLAND
BILL
Every important act Of this Administration
every conspicuous measure th"t has been con
sidcred in this Congress. is destructive IN us
character and tendency There Is not an eN-
ception 10 this rule. The Hawaiian puSi"'''
was a signal illustration Of It, 1t was charao.e'
,stic Of the order of the Democratic inteiect ''''
before the Government had been IN once
month and AT q moment when the financial
world was feverish with apprehension. the Secre-
tarv Of the Treasury should have made an I'M
moral threat 10 discredit one form of our paper
currency<by redeemng it only In a deprecated
coin.~ Mr.. .Cleveand's subsequent repuulatio"
of NJ Carlisle. like his reputation OF the "oi
man silver compromise and of the assurances
he gave to Senator Jones with regard 10 'ie
Tariff amendments. was one Of those 'misunder-
standings" which have occurred so frequently !"
his career and which have gradually caused MS
nartisans TO be sure of things only after they
have finally happened
After the Tariff bill had gone TO the senate
the House occupied itself for several weeks IN
the consideration of Mr. BANDS bill to coin the
seicniorage This is a sum Of silver bullion WHICH
lies in the Treasury and represents the oiher-
ence between the price paic for the puiiio'' pun
chased under the Sherman act and It's coihaee
value In other words that amount oi Sii'ei
coined into legal standard dollars wouiu equ"
the number of Treasury notes now In existence
and leave 1872 10000 silver dollars over Inc
bullion represented in this s1S2,0OoOOo Is IN tne
Trea sury and was worth. when the Dill 10 com
4, was Under consideration about SS5OOOOO0 50
that BANDS scheme. reduced to simple terms,
was a pure scheme Of imitation. lie wanteu US
10 make believe that sS5OOO0Oo or Value wa
reaIIv $3.50 600 900 of value Now that seems 10 De
lust about as idotc scheme as man e1u .h, 49,,
vent If he had set out to do the most looisii MS
he could But ii received the supper. y, pa pa,
ca,lv the entire Democratic party in both House
and Senate and the arguments maze III iaNG
of |, were enough to turn sane man heau'
very moor now tens Of thousands being idie ana
suffering and that the Government ought 10 CIV
them work and that by adopting MS OH !ne
Government could obtain SlS2Oooooo with VIII VIII
M emnloy the people. II did not occur TO MN
that the people were the Government; ana ina
FOR every one Of these less -nfty-ceht uoai'
they would have to give one hundred Genus "Ot.i
~ work II did not occur to him that the Coy.
ernp,ent could only "make work Tor the peoric
nv appropriating their own money. money ma
they themselves had contributed ana 'iat .ic
Us wing Them one dollar TO pay for nifty cents
worth of silver and then making them 90
dollars worth Of work TO get the hfty cents
r,Yr prpEAI OF THE STATE BANK TAN
This seems to be as plain as the sun IN 'he
heavens but 1t Impossible to get any
Southern or Western Democrat to see H. Inc
only thing they could see was that they were
.making money" and they had the ldea 'ha'
making money was the same thing as distribute
ing il pro rata among the people Ana 'he la''
that they were destroying the financial system
q, the country: that they were frightening capt.
tai into retirement; that they were causing creu'
tors TO demand gold contracts and competing
debtors TO buy with sold and sell for anything
they could get could not be pumped into their
heads by any process however forceful. HAVING
failed in their scheme to coin the segniorase they
took up the proposition to repeal the proh'oi'oiS
tax of 10 per cent on the currency issues OF the
State banks No well-informed man regards our
banking system permanent or IN the prese'''
conditions entirely satisfactory but the features
II that are no longer suited TO the times were not
the features they aimed 10 correct; whlle the
one feature that endears 1t to business men was
the one they sought to destroy. Whatever else
It is cor is not. 1t is safe. The crculauoh u
National hanks is good anywhere at any time
under any circumstances The bank may breaK'
but the note survives The bank may be unknown
bevond the limits Of the city in which IL IS 10
Gated but the people everywhere know that
Tinted States bond Is deposited at washington
10 guarantee its circulation. and that II has no
more notes out than ninety per cent OF the par
value Of the United States bonds on deposit
II was this element Of certain security tnat tht
wanted as they say, was more money. not
more good money for which they gave gooo
work but more any-kind-of-money FOR Which they
gave nothing They talked about wanting more
money just If they thought that 1t would DC
any good 10 let man take pruning press ai,a
stamp off promises TO pay as fast as ne couIo
rattle the press and they were not leased in the
slightest by being asked what ne would 90 WITT
this money when he got It, or VINO Wouid take
II from him, or what he could get Tor H. Inc
question was put to them a dozen times. 10"
can anybody whatever may be the sum OF none!
In existence, get any more OF IL IMAM ne now
has without resOrtng to the same processes OF
labor by means OF which he can get IL always
and anyhow? But they didn't even take Inc
trouble TO try to answer
MORE MONEY AND HIGHER PRICES.
They said they wanted to create "highei
prices" and that "more money would MAKE
higher prices. OF course it would, If 1t was bar
money The less value there is In circulatini
medium of course the more Of Il is required Il
buy with But what good does II DO man t'
obtain q dollar and half. where now he has
onlv dollar to buy something that is now worth
n dollar, IT, straghtway. and as the intended
result of his increased supply of money. the price
of the thing he want3 is going to rise from
dollar to a dollar and a half? These questions
did not even interest the Southern and western
Democrats To all arguments they had the on'