The Wichita daily eagle., 1895-05-04
WIND, WIND, ONLY WIND.

Depew and Eckels, the one pam
| pered idol of corporations, and the
other a youth advanced to a station
far beyond his years, experience or
deservings, We're unable to get out
side of the whirii-go-rOund of worn
out platitudes and mouldy moutliings
| Of their masters, in their speeches re-
ported in our yesterday mornings dis
patches. They talked OF better times,
right now at hand. 1t is Il wonder
that these fellows did not stick to
Cleveland's text and deny that times
were even tight These fellows never
knew the want Of a dollar or the pres
sure of debt However, the wretched
condition of the country Is too far OBJ
vious, even for them TO deny. we SUD-
pose. The falling prices and failing
markets for the past few years being
undeniable the only thing left for these
fat, finely fed fellows TO say was just
what they did say, viz: There are
better times coming" Mr. Grenfell,
the ex-governor of the Bank of Eng
land, lately declared that the fight
against falling prices is a hopeless,
impossible one, in gold countries while
gold appreciates. He farther says that
the misery, suffering and despair OF
the last twenty years were owing to the
fatal policy of contracting the worlds
currency. But what does the eX-g0v-
Germ in the world know of finance and
currency as compared to the fn-de-
steele Eckels and the olegenacious De
pew? Balfour, in his Manchester
speech, said that of all conceivable
systems Of currency that is assuredly
the worst which gives you a standard
steadily, continuously, indefinitely ap-
preciating, and which, by that very
fact, burlens every man of enterprise
and benefits nobody but the owner of
fixed debts in gold. But what does
Balfour know when compared TO an
American railroader and an American
bank clerk?
Depew and Eckels make the people
tired.
But these are not the only pam
pered pompOSities who are having
deal to say about honest money" and
an "honeSt dollar" There are thou
sands Of such cuckOos who assume that
there is no integrity among the adyo-
Gates Of silver. The constitution of
this country provides that congress
shall pass no law impairing the Obliga-
ton of a contract, yet congress has
changed every existing contract in
vOlying the payment of money, by In
creaSing the value OF the money which
has to be used. 1t is estimated that
the gold Ia dollar has increased In
purchasing power > per cent every
year since 1873, so that Il debt at that
time Is greater now by one-half. If
In appreciating gold by the demoneti-
zatiOn Of silver, the price, tie length
the size Of everything had also been
increased proportionately then De
pew's and Eckels' talks would have
had more sense in them.
None but fools or knaves can hold
that the demonedzation of one-half of
the worlds metallic money did not ap-
preciate the remaining half. AS well
maintain that half is as much as the
whole.
John V. Farwell, one Of Chicago's
greatest men, in commending the stand
taken by the silver papers of the coun-
try, closes his letter with the following
pertinent inquiries which Depew and
Eckels and all other cuckoos might
study with benefit:
/. Is gold alone sufficient primary money
FOR the world?
2. If not, will gold and silver together
provide an excess?
3. II not, is any nation desiring COM
and England do-justified in restricting
the amount Of primary money in the in
terest of any class of its citizens?
1. Will China, Japan and others. as na-
tions, follow India in restricting silver
and finally demonetize it as we have, and
If so, what further rise in gold may we
anticipate from the whole worlds de-
appear that the gold interest alone Is
benefited by such restriction, what course
shall the United States take as the rich
est and most populous nation on the
earth?