St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-28
JUMPS ON SHERMAN
Henry CleWs Reads a Lecture
to the Buckeye Finan-
cier.
HIS EOND BILL WEAK.
The Word Gold Should Be
Substituted for ''in Coin
in the Bill.
cLEWS SEES HUGH LIGHT.
The Way Out Of Our Embar-
easements Becoming More
Visible.
HIS EOND BILL WEAK.
cLEWS SEES HUGH LIGHT.
EnecIaI 70 Lhe Globe.


Ereo,ol +o tba cioba
Er1v YoRK Ian 7.-Business in
yVaii STREET remains dnlI. In the in
vestmpnt dqnartmput the transactions
fall considerably belOw what is usual
at tbis season. though prices for first
rIass morryares. Welding about 4 per
cent are oui1e steady. Speculative
transactions are almost entirely con-
fined +o ..ronu' Opcrators. and all ef-
Forfs +o stimulate buying are spasmodic
and fall Hat. Attbe moment the bears
seem to have the uDper hand. perhaps
,,,.4,,f,. l,,o,,,sa 5oIdnrs cboosa m Give
+..r, rona I'm order IN pntangie them in
n so1rpza The strong feature of the
7na-l,pt Inns I'm tbp fact that there are so
f-v weak holders and that the owners
og sto,I, rqoard securities as intrinsic
oIIv cheaD at current quotations and
therefore will not sell except at an adj
vance uu0n present prices. Tie mar
I5-r is i'm = mood 10 seek an occasion for
nostponemeut OF operations. ana it
finds one ready to hand in the treasury
situation. tbe currency question and the
rarafuess of congress in doing some
tb1ur towards settling these issues. 1t
is generally conceded that in the way
of legislation on the currency question
nothing IS likely TO be done al present,
nor indeed can be properly done within
the brief time remaining for the pres
emf congress. The feeling in favor of
tna apDOintmeut of a national commits
sion on the question is quite general,
and the recommendation TO that effect
bv the chamber of commerce is likely to
strengthen that sentiment. With re-
spect to providing
authority for Borrowing
10 strengthen the treasury the feeling is
one of growing tmpauence. expressed IN
strong deuunclatIun of the neglect OF
congress-. This postponement is the
more inexcusable because the ineY.
liable necessity of the thing being done
leaves so little room tor delay arising
from differences of opinion. The un-
eastness on this account is increased by
the suspicion that the iuactiun of con-
gruss is due to fear that action in tins
matter may Dfing up again the eteFhal
silver question: Win All us uIStuEolhg
influences. Inc question OF the kIha OF
money I'D winch 'he treasury bonds snail
be made payable appI!eS Inc ha'ch 10
great deal Oh explosive congreSsiohal
material, ana me ashlhgloh leauers
hesitate as 10 WhIcA IS the oeSt way ol
gettlhG aouNo l'aI ullllcuIly' liie more
SO as me sIFerIteS are eFideully await
lHg lAe occasloH loi wrestling 4Ioul Tux
souHu-HoheF men some SOFT OF eoHces-
sion To silver as usual senator oher-
man steps 10 the 'front.' as ready COM
pIomiaer ana, instead OF strengthening
confidence by proposing that the bonds
shau De payable IN goId' introduces q
DLl providing TOT an issue OF per cents
payable 'fn CON- winch means silver
as We'll as gold. Inc senator insists thal
as the word coin has aIwayssOeen usedsn
government DohQs' IL should continue tC
be. In taking TINS stand he seems tC
lose sight OF the TACT that when that
word was originally inserted in the
bonds. silver (Which IS as much coin as
g0ld) was at
Premium Over Gold.
and when the nrpsent bong act was
nassed-wbich is nnw tte only autbor.
Itv for tba issue of honds-siIvar ,porav
,,os mt i'm cireul,tiou in tbis oonnt,.,-
Saoator sherman must know thot since
mat time silver has denrpeiated from q
nrpmium over gold TO less than GO cents
ON the dollar hence the word coin has
NOT now the ring that il once had. Sen,
aror Sherman wonId make a good
''heathen Chinese" if in China. because
in that country they still continue tC
Use the oid-fashioned war weapons
which they commenced with, and dc
not even now deem II necessary &c
change them to meet the conditions
called for by modern warfare. II IS for
that reason the little Japs have driven
them to the wall The United States
treasury, 1 fear VIII be equally as bad,
Iy crippled as the Chinese are at the
present time II Senator Sherman and
congress do net infuse the word gold
into our bonds, which modernizpd con
dftiops call for with tirsi-class natione
no rotirp ,bo+ I-ao,,s 1I,r,,.t .,-
t.I.: 20 'Ni 10 VI O'iV
"ll'5S' "iie''i0i IL ll9 'iio"ey Vi weapons
VIII conquer III the ehd. teudaIlSm
has passed forever. The enlighten.
ment of this generation is not likely tC
give wav TO another dark are. If Sen.
otor Sbarman will allow his ,,ird r.
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