The herald., 1895-05-18
BATTLE OF THE STANDARDS

The Wheeling Register puts a political
point thus: 'Sweet sixteen-to-one
shouldn't try the golden hair-hanging-
down-her-back act on the Democratic
party"
The Milwaukee Sentinel (Rep.) declares
for his activity against the free coinage
craze is misplaced" and adds: Mr.
Cleveland could not do his country great
er service than to convince every voter
that the vast majority of its inhabitants
would be injured if silver should be
coined free"
One of the most interesting points
brought out by Comptroller Eckels in his
speech at Detroit was the allusion to the
effort made three centuries ago by Alexis
of Russia to maintain the unlimited free
coinage of copper copecks on parity
with silver The attempt failed, of
course, but it is possible that Alexis was
three centuries ahead of his age.-New
York World.
In the opinion of the Chattanooga
(Tenn) Times (Dem.), mo reform Of
our currency system will be near COM
plete that does not retire the greenbacks.
the treasury notes, government gold and
silver certificates. and all of the rest OF
the government paper. of whatever form.
These are anomalies that excite the ridi-
cule of governments that do government
business on business principles
Anticipating the action of the Illinois
Democratic convention in June. the st.
Paul Pioneer Press (Rep.) says: There
Democratic party of Illinois will perform
for the country in dragging the free sill
yer fraud from its mbush of platform
antiquities and evasive generalities and
setting it up, stripped Of all disguise.
squarely before the people of Illinois and
the northwest. where they can see 1t III
all its preposterous absurdity and meas
ure it in all its naked dishonesty"
Suppose" says the Chicago Journal
(Rep) "a new state should be formed
out of the iron and copper land sections
of Michigan. Minnesota, and Wisconsin.
in order. a1 the proponents of the idiotic
idea tell us. that the iron miners and
copper miners may make laws to suit
themselves. What would be the result3
There would be a demand that the gov
ernment buy so many ounces of iron
and copper bullion. as it would be called
then, for the min ers would swear by
Vulcan that iron and copper are precious
metals"
There are laws Of finance that cannot
be suspended or repealed by acts of con-
gress and those laws must be observed by
the people who would prosper. True bl-
metalists are not those who are now
dependent coinage of silver at the 16 to
ratio, but those who are striving for such
an adjustment of this question as will
make gold as much part OF our none
tery system as silver, and keep them
both in circulation and use as money
Fresno Expositor (Dem.)
The gold syndicate in New York is pur-
chasing. gold directly from the smelters
over bidding the United States mints.
This of G fakQn order
control the gold of the country, and it is
a very natural outcome of the govern
mental monetary policy. which. with its
single standard, has made it possible for
a comparatively few men to corner" the
money of the nation. Wall street has
preparing to take the proceeds. 1t is
little episode which may be expected to
recur with unpleasant regularity while
the nation puts the stamp of its approval
on but one kind of money.-Fresno Re-
publican.
The Nor gan Rothschild syndicate has
served President Cleveland a bad turn by
offering premium on gold.. The pros.
poets of the gold mOnometalist party of
which Mr.. Cleveland has made himself
the head. cannot be improved by showing
the world that syndicate of money
lenders can corner the gold market.
Whether this syndicate movement is
designed to create condition In the treas
ury which will compel the president to
authorize another loan does not much
matter. If such be the purpose of the
syndicate the result will be the addition
of few millions to the American ma
tional debt. Unpleasant as this increase
in debt may be. it is not to be considered
in comparison to an appreciation in the
purchasing power of gold. As all cur
rency resolves itself ultimately into gold
an increase in the purchasing power of
gold is equivalent to an increase in the
purchasing power of currency. The same
condition is clearly expressed by using
the term OF fall in the value of COM
modities. 1t was hardly fair on the part
of the Morgan Rothschild syndicate to
furnish the silver men with such an argu.
ment on the eve of decisive campaign.
The American people are not yet pre-
pared to have their currency solely in
kind of money that a syndicate of money
lenders can cause to rise or fall.-San
Francisco Bulletin.