The record-union., 1898-11-01

pines,'' and that ''the Spaniards are
cooped up in the towns" Even should
the Filipinos be allowed to wipe out
the Spaniards, which, of course, they
would do in time, anarchy would still
prevail, for when the Filipinos had no
more Spaniards to- coop up they would
proceed to7eoop up one another. This
is the reason why the United States
must own and control all the islands,
for the European Powers would not
stand such state of continuous an
archy in any of the islands, and, If
America would not suppress the dis
order and proceed to put the great re-
sources of the islands to proper use
they would step in, with the precedent
Of American action toward Cuba TO
justify them.
FREEDOM OF ACCESS.
Los Angeles Times: A dispatch from
Cleveland, O., states that Judge. Ham
mond of the United States Circuit
Court has granted the application of
the American Steel and Wire Company
for an injunction against the striking
wiredrawers The injunction applies not
only to all the defendants mentioned
specifically by name, but to any and
all persons who may hereafter inter
fere with the employees of the COM
pany. THE court" says the dispatch,
held that those seeking employment
in the place of strikers have rights
which labor unions and strikers are
bound to respect, and that one of the
rights of every citizen is that OF un-
obstructed access to the places where
work is to be done. and over the
streets and highways and usual ap-
proaches to such places, and that this
freedom of access is not at all incon-
sistent with the right of strikers to
use the same streets and highways
in the lawful conduct and maintenance
of their strike by peaceable entreaty
or argument with men intending to
supplant them in employment" Every
man possessing a sound and healthy
mind knows that this decision by
Judge Hammond is based upon COM
mon sense and upon absolute, simple
justice as between man and man. The
principle enunciated is fundamental,
and its righteousness is so self-evi-
dent that a judicial decision should not
be required to emphasize it.
WILL NOT STAY DOWN.
Stockton Independent: 1t is a little
significant that wheat will not stay
down where the fusion-silverites want
it to in order to establish it's connection
with cheap silver. The supply of wheat
is known to be greater than the world
can possibly consume, and yet 1t per-
sists in keeping at least 10 cents, high
er per bushel in good, hard, gold
dollars than 1t was four years ago,
when the dark cloud of silver imitation
began to rise.
THE CUBAN DEBT.
Portland Oregonian: The Cuba and
Porto Rico debt, which Spain urges us
to assume, is the basis Of Spanish
currency and national solvency. Spain
does not issue paper money directly,
as does our Government, but the
Spanish national treasury deposits
Government bonds in the bank of the
country and the bank issues the notes.
Since last January the Bank of Spain
has increased it's note circulation from
$24O 100000 (silver) to $279, 100000.
and this increase of $39, 100000 is all
secured by Cuban bonds From 1895
to 1898 an increase Of nearly S60OOO,-
600 was made in the currency in the
same way. In all, to-day, rounu
500, 100000 of Spanish currency has
this security. Taking loans and cur
rency advances together and the Bank
of Spain held last July $4,000, 900
of Spanish and Cuban bonds, and Of
these only about $75,000,O00 were
Spanish 4 per cents, leaving $245, ,O00,-
600 Of Cuban bonds. If these are re-
pudiated, the Bank Of Spain and the
currency system Of the peninsula must
go by the board.