The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1897-07-19
rlONDAY, JULY 10, 1907.
The Money Issue.


The Money Issue.
A certain class of persons are greatly
concerned about the finances OF our coun-
try and the management Of the same by
the government. They may be honest in
their Views, but they are entirely at sea In
their conclusions. Every business man
should know that the system pursued has
given more satisfaction than any one pre-
viously used. Prior to its adoption we
had suspension of special payments by the
banks and every merchant found 1t neces.
sary to keep counterfeit detector on bis
desk, In order that no might not be cheat.
ed by his customers. The notes Of our
best banks were at discount In every I'D.
Joining State and brokers fattened on ex-
changing them for current funds. All
persons making comparatively short
journeys for business or pleasure, were
under the necessity Of securing gold in
order to avoid annoyance or trouble
Under the present system the notes issued
under authority of the government circu-
late at their face value in every State in
the Union and even in adjoining countries
and commercial centres. This is known
to every one and yet the brokers and bank
srs wiah to return to the old system or
something like it, and place our monetary
affairs In tho control of irresponsible
bankers. The evils attributed by Mr..
Cleveland to the government Issues came
from an entirely different source the fail,
ure Of the Wilson tariff to raise money to
meet the ordinary expenses Of the govern.
ment Had it not been for the Wilson
tariff bill, there would have been no neces-
sity to sell bonds to meet the demands Of
tho treasury. This shortage created all
the trouble. Tho true remedy for it can
only be found In more revenue, the keep
Ing of tho exports OF produce above the
value of our imports and not by Issuing
bonds to take up $3.50 coo, 900 of greenbacks
These greenbacks may have enabled the
exporters OF - get the same from the
treasury b. Il had not been obtained
from the Il AIRY, it would have been
necessary to get it from other quarters
and this would have caused IT to sell at
premium, and the result would have boon
the suspension Of every bank in the coun-
try. This suspension would have been
greater evil than tho sale Of bonds by the
Government and business men who do not
understand this must be dull of apprehen.
sion If the banking system had not been
tried and found disastrous there might
be some excuse for a change of the pres
ent law. The Government can now con.
troll the issue Of money and the abrogation
of that power will be fruitful Of untold
evils.
1.-THE Sugar OCtapus I,as Congress by the
throat II is the same game that has been
played at Washington for years. Tho
Senators and their friends have had q
chance to get rich and there is no doubt
that numerous parties have availed them
selves Of the opportunity and swclled their
bank accounts several thousand dollars.
The stock has had a phenomenal rise since
Congress convened, from sll0 to sl377s per
share. Quite handsome sum, If each
Senator who had II chance of knowing
what was being done In committee had
purchased 1000 shares. Here Is the snug
sum Of over s@Hh0J profit at tho highest
point sugar reached Wednesday last.
r,r,u,. ~ caoni.L par,,,a,oso ,ardad
a. the Battery in New York on Friday,
with $4,000 in gold coin, tho common
,.., ~ ~, ,runo NAV will ,save for
- =, nooo,,,, ost,tIivbaa IN n mr.,
fltable cotton plantation. Ihcy say they
like America better than any other coun-
try they have visited. We should THINK
they could pretty nearly 1.-Two In almost
any country and Keep the WOLF from their
family larder. This would give each one
Of the tribe over $50 VO) apiece. which
makes them fairly well OIL in THIS worlds
goods. If Eugene D obs schc.Hc pans ont
well, his colony will be as rich US TINS tribe
IN the sweet bye aud bye
MN, ,,,,,l-r,,,,n,. 80 IN, IN I,,n.y
b b y l}utMr i.ch,, NATIONALIST mem
Der ., IArl!I nrnt Tor East Kerry, who
married Mis- Fannie, daughter OF Frank
NiTh, Oh -NCW lOih, was bhupduS|u Ou
Friday III London, Mrs Burke Roche Sc
cured Il diyorCC from our Legislature some
four years ago, having taken up tempo
rary residence il our city, accompanied by
her two young sons. Under tho British
laws the divorce was declared Invalid ant!
tIe husband can control the movements
o. the children whenever they are found
-------- =,
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oAcura'oh W " washington f"rN' "hcre
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hahe II uh un"V Ploct u 'a"e cnI'ureh whI
s"oull nave goo" example set ITEM
IAefe are othor places "h'1h Would 'eho
To Do mere eIeVa'lhS 10 morals IMAM a'h'
mgtoh f"Fk, "ok ho" LUZ wei whereof
We SPEAK We pc4!1'' Ill pfo'oc''h- 'h'