New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1897-05-05

the breasts of all Englishmen sentiments
of the sternest indignation and the deep
est disgust.
Bro. Dana of the New York Sun grows
facetious over many things and just at
present the thing that. makes him laugh
most is Senator Pettigrcw of Dakota.
Dana writes as follows:
The other day the Sun mentioned,
with just pride, the original and power
full project of Richard Franklin Petit
grew, senator in congress from South
Dakota, for establishing forty new gov
eminent departments: Mr.. Pettigrew
modestly gave the credit for this plan to
a citizen of Virginia, but the country
was not deceived. Genus like Mr.. Pet
t1grew's tries to hide itself IN vain. On
April 1st Mr.. Pettigrew introduced in
the senate bill to regulate the value of
money and for other purposes almost too
numerous to mention, but all valuable
and instructive. This bill is attributed
by Mr.. Pettigrew to Captain John Cow
don of New Orleans. Evidently Mr..
Pettigrew's thought-works are IN such
rapidity and voluminousness of opera
ton that he requires the services of many
partners in many states. At any rate,
this currency reform scheme, whether
the production of Mr.. Cowdon Or of Mr..
Petit grew, will make forever famous its
maker and its lntroducer. It was intro
duce6 by request. 1t should have been
introduced by demand. There can never
be too many measures like this. In fact
the world has gone on several hundred
thousand years and has produced scarce
ly anything so vast and able as this bill.
Mr.. Pettigrew or Captain Cowdon, or
both, propose that the treasury depart
ment shall issue legal tender real estate
certificates bearing interest at the rate of
2 per cent. year to every landholder
who wants to borrow. In the course
of time, the government would probab-
ly be able to acquire by foreclosure
most of the bad land in the United
States. Doubtless, this would bring
"peace, plenty and prosperity" Some
what after the fashion of the agricultu-
raj snbtreasuries for which the populists
used to cry, a producers loan bureau OF
the treasury is to issue per cent. loan
certificates on domestic products. II
might be thought that the owners OF
land were going to have a certain advan'
tage over the landless, but as the bill
provides for the defrayirg, by means Of
public authorities loan certificates, OF
'the actual cash cost of purchasing all
manner of private industries, either oy
private sale or condemnation, when the
owners and employees cannot agree as
to the matters in dispute'' and as the
public authorities can 90 into the indus.
try business on their own hook, by Dor.
rowing from the government, it is
probable that private production would
cease before long. What is the use OF
working when benevolent government
will lend you money at 2 per cent? And
what is the use of trying to compete
with the government as producer? Let
it here be observed to the additional dis.
tinction of Mr.. Pettigrew, or Captain
Cowdon, or,both, that the bill proposes
that women shall get the same pay as
men get for the same work. Moreover
the bill gives women the right to vote
Vast as currency reform is, other re-
! forms 90 with it in this tremendous
bill.
We had net supposed that there wa
much sympathy for railroads among
wholesome currency reformers, but thi
Pelican or Dakotan plan provides for
per cent. loans to existing railroads o
for building new ones. There seems NJ
season why anybody should fail to hav
railroad of his own, if the bill passes.
These loan certificates are to be mad
..of the best material. IL the paper i