The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1895-12-17

present such bundle Of cunceit
and ignorance thaton feels ham
iliated that we should have such II
display made 10y a President of the
United States. As an eXa mple, III
one paragraph he tells Congress
what II tremendous contraction of
the circulating medium the free
coinage of silver would bring about
and in the very next one says if
this done saIared men and wage
workers will Immediately find
every dollar they receive shrink
ing in value.
How, by reducing the number of
dollars in circulation we are going
to depreciate in value Of those that
remain is one Of those things chat
no fellow can find OUT
He also harps on 'intrinsic val
ue," not seeming to know that
there is not now writer, Of any
standing in the world, who does
not ridicule the term "intrinsic"
in connection with the word value.
70 students Of the subject, when
ever II man begins talking about
the "intrinsic value" Of money, il is
the most conclusive evidence that
he is novice in the study of this
branch of economics. There is
hardly line, however, of this
school-boy message on this subject
in which this shameful kind Of ig.
norance is not displayed.
There is nothing surprising in
the fact that Il very large precent-
age of our people know but little Of
the principles and the facts con
nected with monetary science.
Their time is so occupied with
their daily business affairs that
they cannot have tn" time to thor
oughly investigate, but fora Presi-
dent of the United States, in Il
State paper, to so plainly show, as
Mr.. Cleveland has done in this
message, how superficially he has
studied the subject, certainly pre-
sents situation that is not with
out Significance, so much so, that
it will make many very grnvely
doubt whether he has ever REALLY
ATTEMPTED TO ASCERTAIN THE
TRUTH FOR THE SAKE OF THE
TRUTH. If he has not, it only
shows how absolutely dishonest
men can be with themselves.
TO the old-fashioned Democrats
who have always believed that II
strong, concentrated money power
mcnt danger to our institutions,
his recommendation to pass law
that would practically turn over
the whole circulating medium Of
the country to the National banks
and more, to so frame the act that
the GREAT National banks may be
allowed to establish branch banks,
must forever make them curse the
day they voted 10 make him Presi-
dent. They see very clearly that
this in reality means the re-estab-
lishmert of the old United States
bank-the power that the Demo.
cracy Of this country led by "Old
Hickory fought so long and so
hard to destroy. That such would
be the result is apparent, because
If such law were enacted, it
would not be five years, in these
happy days of trusts and combines
before twO-thirds of the smaller
National banks throughout the
country. would be%absorbed by the
GIANT ONES IN THE EAST, and then
be run AS branch banks of a money
corporations, the tremendous pow.
er Of which Jackson could not ever
have even dreamed.
In addition to this, all private
bankers would be substantially re.
duce1 to curbstone brokers. They
could no more get from under the
Influence Of this octopus than can
those who attempt to defy the de-
crees issued to them by the other
great trusts which exist in other
fiell- Of commercial industry.
With the gold of the world corn.
cred by the Rothschild syndicate
Europe, and the paper money cir
culation Of this country controlled
by such II pow r, when, we ask,
could we ever expect to again see
in this country, pure and true
Democracy in the ascendant?
Echo answers" Neverp
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