The record-union., 1896-01-10
VOICE OF THE PRESS
Expressions From the Newspapers of
Interior California.

| Oakland Times: While there may be
objections to the free coinage of silver
there will not be any to that section of
the bill which provides for the retire
ment of all notes of a less denomina-
ton than SO. If this bill becomes law,
then there will be complete revolution
in the circulating money of the country,
for it will force silver into general use
east of the Rocky Mountains. With
silver in circulation at the East as it
is on this coast it will take many mill
ions of dollars to meet the requirements.
There are well-informed persons who
state that over one hundred million dol
lars will be required to meet the in
creased wants of the general business
of the country.
THE BOND ISSUE.
San Jose Herald: Secretary Carlisle
| to-day issues his call for bonds. Sealed
proposals will be received at the Treas
ury until February 9Th. The bonds will
be in denominations of $50 and multi
pies thereof, and payments may be
made at San Francisco and other Sub
Treasures in leading cities. The Gov
ernment reserves the right to reject any
and all bids.
On its face this proposition is open to
the public. There is nothing to prevent
any man from putting in his bid for one
bond or a hundred, or as many thou
sands as he may choose. Presumably
it is cut and dried for a syndicate to
/ take the lot at a round figure. But that
syndicate will expect to get the bonds
on terms that will enable it to make a
handsome turn on their purchase
The people of the United States could
afford to take these bonds at lower fig
ures than the syndicate and there is
nothing to prevent them from doing SO
if they will. The time is rather short
for organizing movement but if there
be any strong and general desire to
make this a popular loan the chance is
open. One trouble is that owing to it's
being per cent. loan a calculation
must be made to ascertain what a bid
der can afford to give so as to realize
say about 3 per cent in his investment.
But any local banker can give the fig
ures if the proposing investor does not
care to depend upon his own arithmetic.
At any rate it will cost no one any
thing to put in a bid for some of these
bonds and take the chance of accept
ance.
LAY LOW.
Los Angeles Times: The most unpop-
ular of nations Is just commencing to
learn how unpopular it really is EN-
peror William of Germany has sue
ceeded in drawing the fire of the British
| newspaper cannon away from the
United States, and there is a ruction on
in the land of the beef-eaters that
makes the rest of the world chuckle in
high glee. 1t looks as if, should war
really come, England would have to
fight her battles alone, and that she is
not unlikely to find host of adversa-
ries ready to jump on her when the
shooting begins. Cool-headed, sensi-
BILE men everywhere agree in the opin-
ion that it is time England had a good
| thrashing- something she has long de-
served. If she doesn't want to get it
she is counseled to LAY low"
A FAULTY FIFER.
Los Angeles Herald: Ex-Governor
Fifer of Illinois, like all other cham
pions of protectionism, entertains
strange notions concerning the rela-
tion of a civil government to the people.
In a speech on the tariff question some
time ago the Illinois politician with a
musical name said:
"The question is whether or not our
Government shall, by tariff legislation,
protect its own industries"
| Absurd as is the idea embodied in
this statement it is in keeping with the
regulation twaddIe that perpetually
flows from the mouths and pens of
men who attempt to bolster up the
tariff superstition. AS our Government
has no industries to be affected by a
tariff high or low, of course the Illinois
statesman had reference to the private
industries of the country. Those in
dustries are established and operated,
as they should be- entirely by private
parties. Each industry should be Sc
verely let alone by the Government and
permitted to stand or fall, according to
it's merits. No man has any moral
right to ask the Government to help
him make his personal business profit
able.
In the mountains of Italy there is a
superstition that young vipers eat up
| fhair own moi barC