The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1898-09-23
LET II GO AT THAT.
RemarIzabIe Admission BY a GoIdIte
Organ Regarding the Amateur In=
aIanhROIls FINANCE FInkeFeFb,

aianhROIls Finance FInkeFeFb
The New York Evening Post is de-
lighted with recent tokens that the
Indianapolis monetary movement sur
wives the clash Of arms, and that It
promises soon again to be In the sad
die. But in treating Of It's mission and
Accomplishment to date 1t makes sOgae
remarkable admissions. After stating
the self-evident proposition that ~ths
subject it had to deal with was diff
cult one to understand" it says ut
was necessary, in great part, to edu-
cate its own members" 1t declares
that "but few, If any, Of those engaged
in the work have failed to gain instruc-
ton in financial science, in their en-
deaYor to impart 1t to others" And
It further remarks, with a disingenu-
business altogether charming, that
some Of those who are now most ad-
mirabie and efficient An carrying on
the work cove their whole training as
/ 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, viii stand aghast
when he reads this characteriZatiOn Of
the thing IN so orthodox q single
standard organ as the Post. A kinder
| garten, fOrsOOth-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 to most OF
! tEe 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 grotesqueIy absurd than that?
It viii be remembered that this
/ school Of amateur financial doctors
| evolved an elaborate scheme Of fiscal
/ reform, condensed 1t into bill for an
act, and had II introduced into the
/ house, with favora bic recommends
/ ton from the committee on banking
ard currency-when the war broke
| out and dashed the designs Of the ad-
ministration leaders { rush IL through
under spur ofthe party whip.
They caPitulated, 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 a primer would be
sufficient to make clear everything
about il that may to the dullest intel
lect appear reconcile. But these finan-
/ cial tinkers have Just issued book, o.
/ 600 octave pages, to elucidate the com
/ pOsite theory Of the Indianapolis con-
Ycntion- which, reduced to original
/ elements, is that the government
doesn't know anything about money,
/ and can't be trusted to 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, difuse
/ and contract the money Of the country
at will
a skeptic as to both sides Of this
/ proposition, we ask for no other char
/ acterizat ton Of the Indianapolis con-
ventiOn than has been volunteered BY
/ the New York Evening Post. the high
/ chief apostle of currency refOrm-that
1t was composed in the main of men
who were ignorant of the primary and
/ fundamental truths underlying the
science; that it was necessary to edu-
| cate them; that ''few, if any, Of those
/ engaged in the work but have gained
/ instruction in financial science in their
/ endeavor o impart IT TO Others and
| that some Of them COVE their whole
j 4He aI-r.
] ton they have received"
Let it go at that.-Los Angeles Her
/ aid.