New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-20

of any debt mot made necessary by the limited
Iecal.tendcr qualities OF the notes" Just what
there II oppressive in Offering a man tcn-dollnr
National bank note instead Of n silver certificate
Sovereign does not make clear. Neither Ii he
quite convincing In his showing that the issue
Of a note with Government bond amounting
10 more than the note for collateral instead OF
Issuing one with nothing whatever to guarantee
its paymcnt Is q tyrannlcal exercise OF the money
power. But he Is certain that these bank
notes and their makers have stood In the way
"of money that promised relief to the debtor
class" which. hcing interpreted. means money
TINT the debtor could get for fifty cents and
could make the creditor take In settlement OF
one dollars debt. and he is determined 10 force
the nfty-cent dollar even II he has TO get his
salary doubled to make mp the loss to HIM
self for having to accept such poor money from
workingmen IL. return for getting their wages
paid In It.
He nav not be able to show what harm the
innoccntlo looking bank note-which most people
never recognize as different from any other
paper money when they see II. and which. In
fact. they seldom Sec ns they will discover II they
watch the bills which pass through their hnrds-
has done; H. may not know that the National
banks have little anxiety about their circulation.
and find It so little profitable that they are
inclined to call In their notes and withdraw
their securities from the Government to engage
I'm more profitable Investments; he may he w"-
fully ignorant Of the laws Of finance. but h"
knows one thing. He knows that his prosperity
dcDends on agitation A Master Workman with
ont some great tyranny to fight can hardly cx-
cuse his existence 10 himself much less satisfy
his followers that II IL worth their while to sup
mort him. Railroad strikes not popular just
now. But Sovereign must have some boycott
going. Perhaps n boycott II the banks Il "a
harmless rs ANYTHING he could get up. II Is not
likely 10 result In mobs. burnlngs and funerals
and II workingmen prefer one style Of engraving
70 another on their money, the banks VIII not
care.
n Sovereign wants 10 establish a redemption
bureau and buy up all the National bank notes
afloat II Is no ones affair but his own and those
who make themselves ridiculous in trying to
carry out his schemes. but there Il one sentence
I'm his manifesto that might he Of public concern
II Sovereign were M all subject for serious
consideration. AS II IT, he only reveals the utter
" irresponsible character and lawless spirit OF
his activities when he declares that unless his
theories win In the election OF lSW liberty can
not be recovered through methods now sane.
TONED by law" II there ever was any danger
Of such men as Debs and Sovereign stirring up
more than temporary disorder. that danger
nassel a wear ago That kind Of agitaor will
not agltatc much in the future against the peace
az tho country He is no longer potent rs a pub
lie enemy. The wonder Is TINT he should still
,,o oh,o % mako those who nav him think he
serves them knights do not testify tn their
own good sense when they accept such labor "a
equivalent for their hard-carn'd CONTRIBUTORS