The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1896-06-13

MONEY NOT ALWAYS POWERFUL.
Recently the state OF Alabama ap-
piled TO a New York trust company for
loans on its warrants. After long
discussion the directors of the com
panv refused to make the loan. The
Wall Street News, commenting upon
this, particularly says that the action
of the directors was induced by the
fact that Alabama is strong silver
state, IL says that suoh action on the
part of the bankers might have
''wholesame effect on voters, II not on
politicians" II is a way OF attacking
silver, which will intensity the silver
sentiment in all states so treated. If
II were not Wall Street paper which
has made this scheme public one
would be inclined TO doubt its truth,
for Il is so bold an effort to bulldoze
the silver states that it would seem
that the New York bankers would
not dare TO attempt IT.. The people OF
the west and south may learn from
this what kind OF men they have to
deal with.-Denver Post.
II is difficult for the people in the
south and west to understand the con-
tempt in which the sentiments and
convictions Of men are held by those
who control the treasure vaults Of
New York Accustomed to buy elec-
tions, to buy congress,IeI, to buy
state Legislators and TO buy judges
when they need them, and TO drive the
mass Of voters in their own vicinity as
~ they were so many dumb cattle, the
Wall street barons have come to re-
gard only two influences in politics
purchase and coercion The spirit of
pride and independence which domi-
mates the western and southern people
they know nothing Of, and hence dis
credit its existence. 1t was expected
that the rude treatment of Alabama
would bring its people to their knees
with a prayer for forgiveness for pre-
suming to have an opinion on finance
which differs from that on "the street"
The result will be quite the contrary.
The incident will only serve TO inten-
sify the determination of the people
of Alabama and throughout the west
and south TO get rid Of system which
places them at the mercy OF men who
are seeking with all their might to
make money, which they have drained
from other sections. the dominating
factor in national politics. THE
LEADER has referred to the Wall
Street effort TO force from Mckinley q
declaration that, IL elected president,
he will maintain the gold standard.
A suggestive avowal OF the means
adopted TO that end is contained in the
New York Sun Of June 3, Of which we
quote:
at takes money and lots Of it to run
national campaign. The national
committee has closed every campaign
for years past heavily in debt. The
wealthy Republican bankers and busi-
ness men OF the east are the men who
have always been depended upon in
the past to put up the money for cam
paign expenses and TO guarantee the
debts Of the national committee when
there was a shortage. This year they
do not propose to put up a cent until
they know what they are getting for
their money. The managers of Major
Mckinley, II is said have been told
very plainly that II they succeed in
keeping up their lodging on the
money question. even II they get their
candidate nominated, they can expect
no campaign funds from the money
centers OF the east.
'But the business men of the east
do not want Mckinley nominated, and
many Of them are now in correspon-
denee with bankers and business men
of the soath and west. They are warn
ing the latter that this rs not time
to imperil the business interests of the
country and that the Repu olican con
vention at st, Louis ought TO nomi'
nate man whose position on the
money question is we'll known and
who has an established reputation as
safe and sound business man.
This work, 1t is predicted, by the
political leaders, is going to tell in the
fight against Mckinley, and they think
that delegates-elect to St Louis will
soon begin to repudiate the man who
refuses to come out openly and say
that he is in favor Of an honest dollar,
The great business interests Of New
York and New England exert an i'm
mense amount Of influence all over the
country. That influence is against
Mckinley"
Before the present campaign is end
ed the New York barons will learn
that while money is power in this
country, it is not yet all powerful