The Neihart herald. [volume] (Neihart, Mont.) 1890-1901, 1895-03-23
Why American Bonds are Below
Egyptian in Commercial
Responsibility.
SOME WILD ? TALK IN CONGRESS-
"A Scrap of Argument From the
Pen of II Much Fright
cned GOllbug.

1t is good to read two sides of a
question. The HERALD has long
been active in presenting the silver
side of the financial argument. 1t
today presents an extract from a
great silver article lately appearing
in the New York Herald, one of the
leading democratic, gold bug and
humbug papers in the country. 1t
IS we'll worth reading. The article
is significant as showing where the
democracy of the nation stands. 1t
is significant as showing what degree
of interest the gold bug feels in
present conditions. The Herald says:
"The most casual study of the
recent debates upon the currency
supplies abundant reason for the
Treasury difficulties and sufficiently
accounts for the panicky feeling
among foreign investors in American
securities. That a Senator of the
United States and distinguished
member of the Finance Committee
should solemnly declare in his place
that he would never, in time Of peace
under any circumstances, vote to is
sue single bond for the purpose of
securing gold to maintain the cree dit
of the government is remarkable in
itself. But such a declaration would
have very little effect on foreign
market were it not also apparent
that this sentiment fairly represents
the silver majority in congress.
"The fact, however, that the Pres
ident of the United States has ap-
pealed to Congress again and again
for relief from our depressing fnan-
cial conditions, and that he has plead
ed and coaxed in vain-only to be
met with contempt and derision and
indecent abuse, and IA fiat negative
is as accurately known and judged
abroad as it is here.
IL wonder what the investor in
American securities would think if
he could go behind these public
speeches and ascertain for himself
that considerable number of these
same Congressman are Systematically
conducting campaign against their
country's credit for the avowed pur-
pose of reducing that country to a
silver basis. This is not only true:
it can be ascertained by anybody in
terested who has friends in Congress
who are silver mad. There is moth
ing secret about it. For the men
who are engaged in the conspiracy
to rush the national government into
bankruptcy for the sake of the silver
dollar boast of it as the most noble
degree of patriotism.
II have some friends of that kind
on the floor of the House and the
Senate. They have stated to me
personally that they wished to see
the foreign feature wholly eliminated
from our financial system, and the
country compelled to do business or
its own hook with its own currency
that the quicker we were forced tc
give up the gold idea and come dowI
to silver and paper, with an initiate,
circulation, the better it would be
? for the people of the country. Thes'
> men are not isolated cases of demen
tia; there are more than fifty sucl
men in this Congress. There vii
Dt houDlc tilc ilulllDtT Ill ltlc next
SIN the number are not included
those who for one reason or anothe
are always ready to vote that wa
) on every phase of the money ques
: ton; merely estimate those VIII
e would willingly go out of the wa
Il to destroy the public credit as
means to secure silver basis, allee
n ing they were doing patriot
9 thing.
"There are several elements whic
! have combined to plague the admir-
J. istration and to depress the nation;
= credit. They must all be taken int