The times., 1897-08-26
POLITICAL GOSSIP.

Senator Stewart denies that he is fur-
nishing the sinews of war or has anything
to do with he scheme of John Orne Cole
to refund the pension debt. DISCUSSING
tie subject yesterday, Senator stewart
said:
'.Iohn Orme Cole, Of Ohio, has seen the
Coxey scheme and the Bankers Associa-
zion IS project for manipulating the currency
ana attempted TO go them one better. For
that purpose he has published book
entitled "A Fight for Prosperity" In
which he proposes to issue two or three
thousand millions of paper money imne-
diateiy and pay all pension claims In
full at one time. The book contends that
the old soldiers deserve it, andthey ought
to be paid without delay, and that 1t
will be the cheapest way To pay them.
by some strange phenomena he appears
TO see the ridiculous side OF this proposi-
ton, for he proposes when he gets this
vast sun. of money out to retire 1t In the
most violent manner. His pian that or
issuing such a vast sum of money, would
send prices to the skies, but he does not
appear ID realize that when they have
reached that attitude they can be jerked
down TO Hades through the heinstrumentality
of contraction. This would certainly give
the bulls and bears all the fluctuations they
could possibly require in their legitimate
business. He 5 opposed to the idea or the
National Bankers Association, which pro-
poses that the Government shall issue to
them a thousand or two thousand millions
and let them Ell ther keep it out or call 1t
i'll at their pleasure, as their interests alone
dictate in other words, the currency con-
traoted or expanded and the prosperity or
the country sacrificed 20 the greed or the
banks. he naturally despises CoXey, from
the same State, for proposingto issue non
interest bearing bonds, which have TO be
paid. The only payment that Cole proposes
is to be made To the soldiers. He evidently
believes that the balance of the country
can take care OF Jhemselvesi IL the jumps up
end down in the measure Of value can be
sufficient TO wake up the world, destroy
things and provide for u new start
However ridiculous this scheme may
be, it teaches lesson which ought not
TO be forgotten continued Senator
Stewart. when banking conspiracy is
plotting againstsilyer and Matching schemes
to substi tnte their own issue for the green
backs and coin certificates OF the Gov
the schemes of bankers are daboiical Will
continue to evolve in the minds or the
Coles and the CoXeys. These schemes arc
net the disease-tfey are simply symptoms
of contraction and falling prices. The
fact that they should spring up on every
hand shows the terrible discontent OF the
people. Thinning men who desire gcod
government should get together and re-
turn to the conservatism which adhered
to bInctaIlism for thousands OF years.
The Joint product OF gold and silver may
| not be sufficient 10 supply the world with
| money, but 1t is more nearly so than at
any other period III the history OF the
| human race. at all events, 1T is safe
| and conservative and free from Cleve-
| laHdisIa, CoXeyism, Coleism or any other
ism terminating in sordid OF speculative
! brains.
u notice that the book has taken
liberties with my name. OF course the
mention OF my name was unauthorized
I would as soon think OF following ghosts
witches or will o. the wiSps as any of the
new tangled financial iugglers who are
| devising quack remedies for the circu-
| latIng medium, whether they be Prest
dents Secretaries OF the Treas uTy OF
for good roads, bad pensions or any other
wildcao scheme TO speculate in the meas
| Ure of values and destroy the pros perity oi
the country"