Daily capital journal. (Salem, Or.) 1896-1899, 1898-07-22
EDITORIAL COMMENT.
And Opinions From Exchanges Of Al
Sorts

| OfAhShS AChA AfANheAAkNo VI ThA
Sorts.
Several of the Republican papers OF
the state are suggesting Blnger Her.
mann as the proper person for United
States senator. It's not our circus, as
tue legislature is overwhelmingly Re
publican, and as ringer has got 70
have go, e nment job. he might as
we'll have that as any other. He is a
hard worker for his state Jefferson
Review.
A year ago we were anxious TO see a
currency reform measure enacted
without delay, fe eIrinS that a REQ pen
ing Of the silver question miIhL, pos
si6l d. organize The finances of the
country. But that fear has entirely
vanished, and that being the case, IL
does not matter vitally whether the
the reform measure l. enacted at once
or delayed for some years. The coun
try is now SOLELY on gold basis, aud
we can easily maintain all our differ
ent forms OF money at par with gold,
provided the national credit is not
again impaired by the talk OF further
silver legislation Our present paper
money is not scientific currency, but
IL will stand all the strain that is
likely to be put upon 1t for some years
TO come. Meanwhile, tnere should be
no let up in the agitation for a sound
bauk note system. The delav which
now seems likely to occur before any
measure can be passed should be util-
lied TO devise a scheme which can
stand the test OF the sharpest criti-
cism. Ii The future of this country is
going TO be what we think IL is, more
correct ideas of banking will have to
be evolved here, and there is no better
time than the present ia which To get
about the task.-United States In
vestor.
Moreton Frewen, the impression
atle.blmetalist member Parliament
writes 10 the ed ,r Of the Salt Lake
Tribune that the reopeniDg Of the
Indian mints to silver cannot be
much longer delayed. And when they
are opened he predicts a great rise
in the price OF silver, as Indla's cur
rency volume his been starving ever
slnce 1893 and would require a great
Of new rupees 70 satisfy the
depleted system.-Springtield Repub
lican.
A comparison after the first eight
months OF the Wilson Tariff law and
the tirst eight mouths Of the Dingley
law showed that ia Oregon there were
In manufacturing Indus
tries l25 per cent. more hands under
the latter la~ than the former, the |
gross amount of wages paid was l4l
per cent more, and the rate of wages |
Was 8 per cent, higher. No wonder
The State went overwhelmingly Re
publican at the late elect ion -
Boulder COL News"
"Go away from home TO hear the
news"
Perhaps the most remarkable feat
are OF the most remarkable year In
Dur history is the Increase OF money
n circulation since July |, 1897 which
amounted to $l97, 400, ,OOOO, OF which
'l4l ,800,0 900 was in gold,a and per capita
5 now S24.74, highest ever known 10
,his country, and an increase of S2.l7.
)f this increase In gold over $l00, ,00O,-
100 VAS received IRON abroad Ia pay
'or our exports, and 1t is estimated
hat $3.50, 900, 900 is owing to us, which
IS being loaned TO Europe In the
nape OF exchange. Tacoma Ledger.
Wonder II the Ledger would be
willing to acknowledge that this
Increase of IL oney in circulation" has
to do with the "hlgher
,rlces" which we hear 80 much
bout?
Probably not, for II 1t does, 1t must
ndorse the quaDtitatlye theory. The
moment IL does that 1t will be on the
Ugh road to "Silver lunacy."
Representative men from almost
very town and village ia the state
meet here daily, report good times In
heir respective localities, with a GER
aintv of augmented prosperity. 1t is
II the same, whether they hail from
gricultural or mining districts.
low this result OF fostering the
. Sweet Bells tangled Out OF Tune"
How much of voman's life happiness Is