The DeLamar nugget. [volume] (DeLamar, Idaho) 1891-1900, 1896-12-11
Henry watterson's warning,


From the seclusion of his Paris re-
treat, Henry Watterson, the veteran
editor Of the Louisville Courier Jour
nal, sends the note of warning which
we publish this week on the first page
Of the Standard. Utterances more or
less in accord with the views expressed
in the letter we're freely made at the
great goldbug dinner recently given
Mr.. Hanna in New York city The fact
is, that those who profit chiefly by the
gold standard are becoming fearful
that the scheme has been carried too
far Men like William L. Wilson and
Carl Schurz did not hesitate to say
that reforms were necessary, and the
men of the New York Chamber of Com
MERGE we're plainly informed that if
fair and just reforms we're not speedily
adopted in our financial and banking
systems, they might look for reaction
in monetary legislation that would Sc
riously affect them.
The fact is that we have grown up in
New York and some other cities, a
most offensive monied aristocracy Ar
rogant, ignorant of the true principles
of government, and vain in their own
conceit, they affect to know more of
"Lonon" than of their own country
and, like genuine noblemen, live with
the belief that the rank and file of Am
erica exist but to work for them, and
to increase their already enormous and
ill-gotten holdings.
A monied aristocracy is infinitely
worse than an aristocracy of birth The
latter, by some hocus-pocus, have sue
ceeded in convincing those not so for
tunately born, that the favoritism of
birth entities them to live off Of the
sweat Of other mems brows. Further
more, the poor believe that the scheme
is divine, and therefore accept with
thanks the few crumbs which his grace
or his lordship, may see fit to throw
from his unearned table. Such sys-
tenn may leave both the nobleman and
the peasant honorable in their respect
i've relations.
Not so with your American financial
nabob. He knows that his birth en-
titles him to no recognition, so he starts
in to make the vast accretions of his
father and grandfather bring to him
the homage and profit, which, in the
other lands he SO much envies, comes
with birth To bring this about, these
enormous fortunes have been utilized
for the most ostentatious personal and
social displays. Some of these broadly
advertised events have been gratuit-
ously thrust under the noses of the
people at time when their own hard
ships and suffering made them wonder
why, how md when it was that all this
noisy wealth was extracted from their
labor.
Every man should have before him
the inspiration to toll and economist.
Every man should struggle and keep
up the struggle for financial indepen- /;
dence. no right minded man begrudges
riches to those who by thrift and econ
omy earn them. But there is univer-
sal objection to any law that throws
the weight of government and the laws
Of the nation into the scale fayoring ,
those who are in the beginning able to
make a competency through the gifts
Of nature. =
The warning from the men referred /
TO is against these unjust laws, and the o
comes from the most conserv-
alive men in public life. They are not |
anarchists nor alarmists. They are il
simple lovers of this country and pro- e
lounced in favor of the gold standard.
Moscow Double Standard. !,