Pine Bluff daily graphic., 1896-02-02
MILLS, MAGNA cHARTA.

Seven
 macy.
 Senator Mills has drawn up what may properly be described as q Magma Charta of financial lunaey.
 It consists of seven declarations.
 The first is against retirement of outstanding legal notes. This means that these notes are to be perpetually redeemed and perpetually paid out again, which is the same thing as if man owed another a dollar and when his note was presented paid itand hand ed it back, saying to his creditor: Bring it again and I will pay it again and again." and so on until the lunatic owing the note, but not destroying 1t when paid the first time, was duly ae- cempanied into a court of bankruptcy as preliminary to an asylum for intel leetual imbeeiies.
 The second declaration of Mr. Mills Magma Charta of financial lunacy fa- vors the coinage of silver bullion. This is equivalent to saying that if you put a symbol on 50 cents worth of silver it will make it dollar of money, which hitherto has been found impossible among the powers of the earth, and is going 10 continue to be impossible in this country until jails shall be pro- yided to immure 70,G00 GOO Americans now at large; who, so long as they are at large, will be incapable of under standing how 30 cents worth of some thing can be dollars worth of money.
 The third declaration of Mr. Mills Magma Charta of financial l6naey is is suance of emergency legal tender notes irs case of deficiency. This is eqaiya- lent to a man,s scattering more prom ises to pay among his neighbors when they refuse him accommodations at the grocery and the butcher shop be- cause they know he has nothing with which to meet his cloud of similar promises to pay already out.
 The fourth declaration of Mir. Mills Magma Charta of financial lunaey is against interest-bearing bonds. Thls 1ueans that the fifth amendment to the constitution of the United States shall be vacated: "Nor shall private prop erty be taken for public use without just compensation, or else that the second part of section eight of the first article of the same shall become ia- operative: "Fhe congress shall have power x 4 to borrow money on the credit of the United States"
 The fifth declaration of Mr. Mills Magma Charta of financial lunaey is ''to establish a policy of the United States in paying obligations in both gold and silver" which means that silver worth half as much by the dollar as gold, shall be forced upon some creditors, thereby robbing them and inaugurating repudi ation on a 50 per cent. basis, or that AIr Mills has an herb or amulet or fet ish or rabbits foot in his pocket by which creditors of the United States are to be bewitched into thinking 50 cents worth of one metal equal to one dollar of another
 The sixth declaration of Mr. Mills Magma Gharta of financial lunacy de clares a public debt not a public bless ing, which it certainly is not when sen ators of the United States will be found anxious to tell nation pay what thou owest, but at 50 cents on the dollar. g
 The seventh declaration of Mir Mills Magma Charta of financial lunaey is ''in favor of the rapid extinguishment of the national debt" which is directly at variance with the first declaration against retirement of the outstanding legal tender notes. How can the debt of the country be eXtinguished if it's notes are not cancelled when redeemed and paid? Could inconsistency be more incoherent?
 This is indeed Magma Charta of financial lunaey. If it's monetary pro- posals could by any evil chance become | law the United States would be with in a month thereafter a financial bed lam. The Iunatics would dance as is the way with those whose wits are out. The sane would have to pay the piper in national bankruptcy, and with the sal wage from the wreck start out again in the business of government, having meanwhile retired law-breaking mad caps from legislative precincts into prudent restraint.
 Ks for honest and sane men, there is sounder counsel in the original Magma Charta. It is: "There shall be one standard of measure throughout the kingdom" ."-Chicago Times-Herald.