The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1898-09-23

Organ Reg n riding the Amateur In
dfanapoiis Finance Tfnkerers.

The New York Evening Post is de-
lighted with recent tokens that the
Indianapolis monetary movement sur
wives the clash Of arms, and that 1t
promises soon again TO be In the sad
die. Blu: in treating OF its mission and
| accomplishment to date it makes some
remarkable admissions. After stating
the self-evident proposition that "ths
subject 1t had TO deal with was a diff
cult one TO understand" il says 1t
was necessary, in great part, TO edu-
cate its own members" 1t declares
that "but few, II any, OF those engaged
in the work have failed to gain inst rue
ton in financial science, in their en-
deavor to impart il to Others" And
it further remarks, with disingenu-
BUSINESS altogether charming. that
some of those who are now most adj
mirab bic and efficient In carrying on
the work lowe their whole training az
economists to the education they have
here received"
We fancy that Mr.. II. II. Hanna. who
is sponsor for the indianapolis conven-
ton and its work. will stand aghast
when he reads this characterization Of
the thing in so orthodox single
standard organ as the Post. Akinder-
garten, fors ooth-or a summer school
at best-drinking financial wisdom at
the indianapolis pool and then set
ting out upon the mission Of convert
ing country 10 theories and tenets
that were confessedly new 10 most OF
tie members when, in response to the
call of the bankers. they packed their
grips and went down to Indiana's cap
ital!
Did anybody ever hear of anything
more grotesquely absurd than that?
II will be rene bered that this
school Of amateur financial doctors
evolved an elaborate scheme of fiscal
reform, condensed il into a bill for an
act, and had 1t introduced into the
house, with a favorable recommends
ton from the committee on banking
ard currency-when the war broke
out and dashed the designs Of the ad.
ministration leaders TO rush it through
under spur of the party whip.
They capt. ulated. but didn't sur
render, and are now again actively at
work upon the scheme of taking the
government out of the banking bust.
ness, and vesting the sole power to IS
sue end control the currency of the
country in the hands of the national
banks. The currency question is sim
Pie enough. and primer would be
sufficient TO make clear everything
about Ii that may to the dullest intel
lect appear recondite. But these finan-
olal thinkers have just issued book. O.
600 octave pages, to elucidate the COM
posite theory of the Indianapolis con-
vention- which. reduced to original
elements, is that the government
doesn't know anything about money.
and can't be trusted 10 control the cir
culation, but that the national bank
ers are the embodiment of all fiscal
wisdom extant, and TO them should be
delegated the power TO create, diffuse
and contract the money Of the country
at will!
a skeptic as TO both sides Of this
proposition, we ask for no other char
acterization of the Indianapolis con-
vention than has been volunteered by
the New York Evening Post, the high
chief apostle ofcnrrency reform-that
IL was composed in the main of men
who were ignorant of the primary and
fundamental truths underlying the
science; that ii was necessary TO edu-
cate them; that few il any, Of those
engaged in the work but have gained
instruction in financial science in their
endeavor TO impart it to Others" and
that some of them lowe their whole
training as economists to the educa-
tion they have received"
Let 1t go at that.-Los Angeles Her
aid.