The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1895-03-29
AN EDUCATIONAL CAMP Align.
Sons Inside Tacts m the financial
Situation.

uttcrance on the subject Of the recent
bond issue that has come from anyone
having the right to speak for the adj
nIinistration. MIR. Curtis authority to
do so Is unqucstioned by all who know
his relations 10 the various efforts that
have been made by Mr.. Cleveland and
Mr.. Carlisle toprotect the public credit,
Notwithstanding the refusal of congress
to perform its plain duty. MIR. Curtis
assurance that the treasury was COM
PEELED 10 accept the terms Of the syndi- |
cate which represented the foreign !!
bankers must be taken as conclusive OF
the condition OF mind in which the
Washington authorities found them
selves. Mr.. Curtis Is right in saying
that the government was in the posi-
ton OF n panll on which run was In
progress. and the administration natu-
rally desired TO stop the run. AS the
Weekly said. in commenting on this
loan, time was essential. and this con-
sidcration might easily have prevented
the cifccting of loan in the open
market. Moreover, gold expectations
have been checked, at least for the
time. and Mr.. Curtis regards this
fact as of the first Importance. and as
full of promise for the future safety OF
the treasury from the raids Of the gold
hunters All true friends Of the coun-
try will hope that Mr.. Curtis anticipa-
tons Of good results to follow the bond
issue will be realized. and that the
drain of gold from abroad and for
boarding at home has ceased.
a. - hut
our eyes to the facts Of the situation.
The greenbaclss and the treasury notes
still exist as menace to the treasury
gold whenever capitalists at home or
abroad shall be frightened by the
clamor Of our silver and fat money adj
vocates who will be in power in the
next senate, no matter what may be
the complexion OF the new house OF
representatives. These paper demand
obligations will not be got rid of until
the popular demand for their abolition
grows to be as intense and clamorous
as was the demand for the uncondi-
tional repeal of the Sherman act. A
remedy has been suggested that is
more spccious than sound. II is that
the government tide over its diff
cultics until the revenues became
greater than the expenditures. After
that event shall happen. the secretary
Of the treasury may hold all the green
backs and the notes of 1890 that come
into his possession, thereby diminish
ing the amount of the instrumental
tiles available for drawing out hi
gold. This method would be slow ans
uncertain. Besides, there is no reason
to believe that surplus would no
again tempt congress into cxtrava
frances that would once more compe
the secretary to pay out his accumula
ton Of paper. Not only is none but
thorough remedy to be thought OF ii
dealing with our monetary difficulties
but no remedy can be thorough that
based on the presumption that cor
grcss will become wise and patriotic.
4 good deal has been accomplished !
this country by campaigns OF educ;
: ton. Not only tariT reform. but civ
:. service reform. and, within the meme
! nv Of most of the men in public liz
currency reforms have been brougf
about by the education of the peopl
. who elect congressman every tw
G wears, and whose voice eventually fine
D an impressive lodGmcnt in the du
! ears of senator's The newspaper
! with their constant arguments and ri
peals, did much to drive the inlatio
movement Of twenty years ago ont {
. the republican party. although at tha
time there was a sufficient number {
senator's who Were capable of thorough
; IL debating financial questions
enormously aid the pressure fro
a without. At present. what with Il
young men from the mining camps wli
I have been made senator's for the pu
pose of keeping up tLc price Of silvs
G 1T any cost to the credit of the coui
try, and the politicians who are .
afraid OF the camps that they are hi'
ing in the balcful shadow of intern
J. tional bimotallism. nearly all the wor
for sound money must lie done in Il
o newspapers, by clubs and their panpl
n lets and on the platform.
( The new house Of representatives
d probably soundcr on the money quo
n ton than that which has just ended
4 inglorious existence. 1t is true Thu
r many republicans are undulv fond
Il the grccnbacl.s. and that some fro
Il sound-moncy states voted with II
r. populists, and tiat-moncy men to !
o. feet the contract under which the a
"a ministration sought to save the cou
" try sixteen million dollars by oiIcrir
a . gold bond. But the reasoning OF u
a great money ccntcrs Is more likely
b. affect their minds than those Of tho
n democratic associates in folly. III
o. condition of the senate was of corr
" dcplorablc. Its ignorance. sclishne
10 and lack of principle were phcnomcn'
nj There is no parliamentary body in =
,e world. unless it may be found in sol
ht remote South American country,
~ little entitled to respect. Its men;
az and moral conditions arc such rs
rls create n doubt Of the valne OF &C
N. fury Of parliamentary institutions.
as financial debate in the senate mt
hc lead the stanchcst American to wond
~ IL those who make our laws In
ed learned anything whatever from I
he experiences of mankind or from I
nj history of their own race. And .
ee even the majority Of the senate can
j.. driven by fear, II it cannot he CO
~. -..c-l 1.,- ~ fr.aGepf tn 4