The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-08-30
THE MONEY POWER
Now Using All the Resources
at It's Command.
TO DEFEAT FREE SILVER
Arrogant Dictation of the New
York Bankers.
ENGLISH INFLUENCES AT WORK
Never Was Such Gulf Fixed as Now
Between Dives and Lazarus and
the Fight is Desper
ale One
ENGLISH INFLUENCES AT WoRk

Between Dives and Lazarus and
the Fight is Desper
ate One.
New York, August Special. J.
The one dominant chord heard here
above the babel of the types is the
chord of wealth. This because the
metropolitan newspaper is a complex
thing of patronage, not of principle
! 1t Ives by the favor of rich corpora
tons, which furnish it telegraphic and
news service, advertisements and cir
culation.
The public whom ennui troubles
more than ignorance, now demand to
be amused with Sunday supplements
| in colors, involving an expensive staff
of cartoonists, wits and specialists in
everything from astronomy to fash
ions. The initial investment for type
setting machinery and presses is be-
You'd the means of any but milliOnaires
or corporations with large capital.
The sum of these forces, the paper
itself, is doubtless like corporations
and is managed with an eye single to
cent per cent.
New York boasts of being cosmo-
politician. 1t is heterogeneous; it's pop
ulation has no fusion but is stratified,
and without pride of ancestry or citi-
zenship. Greater New York is a con-
gerie of cities; it cannot be made a
homogeneous municipality. When
Croker returns TO recruit his turf
shattered fortunes, it will prove in his
hands a greater conspiracy of pillage
and spoils,,
THE NATIONS PAWN SHOP.
New York has lost the adventurous
commercial spirit which gave it pri-
macy among the NewsW cities. In
the fag-enG of the century she has
turned shop-keeper, stock-broker and
pawn-broker for continent. Her
magnificent waterways no longer
command the commerce of the Great
Lakes. While other cities through
their boards of trade compel the at
ten lion and respect of railway pools.
New York sits supinely by and al
lows transportation companies, enjoy
ing her franchises, TO discriminate
against her and in favor of more en-
terprising rivals. 1t is only when
money, the fetch of her later day
worship, is to be discussed, that a
quorum of our Chamber of Com
merce can be convened. At the bidding
of the money interest-not of COM
merce, its members rush together to
coerce and corrupt the people of the
mountain and the plain. The AFRO
GRANGE, and arrogance adj nauseum, OF
this so-called Chamber of Commerce,
is justly a reproach to our city. 1t
assumes that the people of 'ihe rest of
the country, outside this little island,
are pol;t teal heather. 1t prints tracts
for them, primers and catechisms of
finance, in easy lessons suited to their
supposed Intelligence. This to their
own children. not the ones who have
STAYED at home and been spoiled by
luxury. but the adventurous souls who
have blazed pathways through forests
and planted them, climbed mountains,
turned water courses, and made val
leys TO blossom like the rose.
History repeats itself. BY such
manifestos and silly mandates, King
George sought to coerce his high-spir-
tied New England subjects. Next No
vember will teach similar lessons to
the Tory missionaries, and their mill
lionaife masters in New York. The
Chamber of Commerce used to repre-
sent the mercantile interests and not
solely our banking corporations. But
these old-time merchants, where are
they? The Clafins and the Jeffrays,
rare types Of integrity and simplicity
Alasl They are dead, and the mer-
camille world knows how much virtue
they transmitted to their sons. In
retail trade, Strauss has succeeded
a Macy. the Hilton boys reign in the
place of Stewart and Seigle from
Chicago will soon eclipse these two
with "Bon Marche" bigger than any
thing outside. of Paris. 1t will rise as
the others on the ruins of a hundred
small shops whose proprietors viii
doubtless be better off as clerks OF
Seigel, working for hire like the ten
ant farmers up the State. Only they
NAV not think so. The under dogs
never do know what is good for them
in these piping times of land, money
and trade monopolies.
AS ENGLISH AS LONDON.
New York by reason of the cable and
international marriage and loan mar
kets. is more English than Montreal
or Melbourne The principal London
taiLors. milliners and bankers have
branch houses here. Like London we
also consider lne great uuSincos " iiiS
outside of spending money, is the Dor
rowing and lending IT ON stock eN-
change collateral. This belief is a
cult, gospel preached daily by its
priesthood, the National bankers
! gold is their ark of covenant, to lay
hands upon it by law except to en-
nance its glory and purchasing power
is an act of sacrilege. They compare
Il to coin-clipping, which IN more
summary times was punished by
death. Hence those who deal In tins
charmed stuff, are our real business
men; farming in money makes finan'
ciers, farming in wheat or COTTON
makes anarchists. In Boston they
make bank presidents out of mer'
] chants who have failed in business
In New York they prefer eN-postal ans
currency officials. We know Secre
tar;es of the Treasury who sub
seouently became bankers, but no"
many bankers in the history OF oul
conntrv have ever been thosea Score
tary of the Treasury?
And this suggests, by way Of dlgres
sion. fayorite theory OF the writer
namely. the hypnotism Of goa II
mass-the gold of government treas