El Paso daily herald. (El Paso, Tex.) 1881-1901, 1898-06-01
pretexts Will Not Do-Money Is
What II Wanted.
Richmond Times.

10 the s-nRte and hou e OF represent
,tives we're unceasiug in their clam r
or war with Spain if that were neces-
.sry for liber ,ting Cub from Spatn's
lomioion. Uncharitable p.opls we're
,ukind or candid - you willy enough
TO say they we're doing 1t for political
feet. But wha ever their secret mo-
i've, the fact can be disputed by none.
They clsmored for war and they got
wsr, and now ordinary decency re-
quires that they should put their
houlders to the wheel and be liberal
With the resources that the country
requires. Excuses may be very spe-
cious and plausible subterf g"s may
.bound. But excuses and subterfuges
will not meet successfully Spanish
i-onclaos or Spanish SOLDIERS with
Msuser rifles in their bands. Iron
clad chips aud men, many men, proper
" equi oped and with the latest aud
most improved weapons and 8mmunt-
vion are what is needed to meet tn Sc,
and il they are not f0rthcOm ing this
country may have . very unhappy time
of 1t before we get through with our
present b. It takes money to furnish
these, and when the Standardization
calls upon congress for the money nee
essary 70 put ships uIou the ocean and
men IN the field it does not b come the
III C6HV'SbS W ou0W0C WIN pA"SAsooSc
about "the seigniorage" and "rirh
men," They have dragged US into war
aud they must now provide the govern
ment with the means Of carrying the
war ON successfully.
These remarks have been called out
by Q great deal of what has happened
10 the recent pact. but by nothing more
strongly that by the sp ,ech of Senator
McLsurin, of South Caroline, on
Thursday last, when the var revenue
measure was before the Senate. The
press report had this to say of his
speech:
"COncerning the proposed issue OF
bonds, he said that there was an influ.
ence at work in this country more DOW
erful than the president, more point
than Congress. 1t was the silent, Sec
ret ia fluence Of money power, which
was endeavoring to force an issue OF
ponds. Once the Senate. the forum
of the people, yields to this clamOr,
Mr.. McLaurin declared. and becomes
entsngled in the N eshes OF the mon y
octopus, the people will suffer, indeed.
"'There IL an army in this country.
said he, just as anxious to raid the
United Stases Treasury as our volun-
reers are TO raid the Island Of Cuba.
For the amy refer to no volunteers
are needed. These jobbers and specu-
lators form . greater menace to US
than the war with Spain
To thwart the octopus and battle the
money power, Mr.. McLaurin would
have the government Jay lhs exp nses
Of the war by issuing it's legal. tender
notes.
But legal tender note is nothing
but . promise to pay dollars. Now. II
the government means what it Gays
when it puts out it's legal tender no,e,
wherein 10 the difference between it
and the governments bond? The soli-
tary difference Is that the bond makes
the government promise to pay q GER
tain amou t OF money at fixed time
N the future, with interest upon it 70
Nhe meantime, while the note makes
the government promise to pay q GER
tain amou"t OF money on demand with
put interest. They are tnstruments OF
exactly the came charac, or, with this
exceptn n. How is the oct pus to &C.
como lish his 6eodish designs more
effectuAlly by the one than by the 9TH
or?
or course, If the government pro-
pDses to fool somebody toto parting
with his goods or his services in ex-
change for the ties by making him
bel eve 1t will ply HIM the money pro-
missed on demand, but with the intsn-
q the money is called for, there may
ne Q d ference between tho two iu-
-truments in case it intends to keep
the promise Of the bond. But If it IT.
sues both instruments in go<d faith
and wi b the intention of perform ng
the promise conta ned in each just ~
1t is made, We cannOt for the life of US
understand how there can be any Diff
fereuce betwe en the two except in the
points named.
And II the government is going to
keep the money that it borrows for .
considerable time, ought it not. In all
honesty and fair play, to pay interest
upon 1t? Under Mr.. McLaurin' e
scheme It will give Q man promises in
the form # notes to pay him one mil
lion of dollars for his ship, and if he
keeps those promises q year and then
demands his money, he will get his
money alone and lose interest upon it
for year. Under the other scheme
he will get his interest b tween the
lime be parts with his property and
the time when the government per-
forms it's promise. Which is the hon.
est and Just plan?
Spacious pretexts of this sort wi l
not meet the case. The government
n eds money tn carry on the war sue
cessfully, and the only way it can get
lent to produce it or to sail the gov
,rnnent's bonds I, those who are will
ing to part W tn their money for the
interest that will be paid them.
Municipal Socialism.
Dallas News.