The record-union., 1899-07-11
VOICE Of 1AE. PRESS.
EXTRACTS FROM EDITORIAL
sExPR1sss1oBs.
State ands Coast Opinions on Sub-
jects Of Living News
INTEREST,"

1nteTests
Tulare Register: The California
Press Association is arranging for a
Conservation of Waters Convention to
be held at an early date. The idea is
good but the convention should not be
held too early. just now and for some
months to come the people most inter-
ested in irrigation will be absorbed in
the business of harvesting fruits, cur
ing and marketing them and in other
agricultural work and the convention
should not be held until after the har-
vest is over, along in October or some
time before Thanksgiving. Meantime
there should be "a general studying up
of the subject A convention of men
who know nothing of the. subject they
are brought together to consider will
accomplish nothing.
THE REAL MENACE.
Fresno Republicans The real men
ace of the trusts is. not in their
Grimes" or expressions, but in tReir
initiation and inevitable collapse. The
danger is not that we may be unable
to smash them soon enough, but
that they will smash themselves too
soon. Since the! first Of January of
last year, 487 huge. organizations have
been formed with an aggregate CAPT.
talization of $3.50, 7S3, 1888. The total
capitalization of these few corpora
tions equals about $500 apiece for
every fanily.in the United States. 1t
has already far passed the point where
all the money in the United States
would buy all the stock of all the
trusts. At the present rate it will soon
pass the point where all the property
In the country will equal all the trust
stock. i ss5+t
About one-third of this enormous
sum represents the valuation, real or
inflated, of the corporations out of
which the trusts were formed. All the
rest is pure ''water''-that is, it repre-
sents the estimate of the trust promo
ters of the gullibility. of the public.
WELL WORTH WHILE.
Portland Oregonian: Announcement
that the Republicans of the Senate are
practically agreed to join with the
Republicans of the House in support
OF measures approved at the Atlantic
City conference puts the matter of cur
practical aspect. It is pertinent to
consider what the Atlantic City pro-
posals are and their effect on the cur
| rency and on politics. efisl
Nobody knows exactly what th5
agreement reached by the conference
at Atlantic City is, for the very good
and sufficient reason that that confer
ence is merely a committee of the Re-
publican House Caucus at Washington
and it's members are in honor bound as
party men to report only to the caucus
upon its reassemolage. The general
understanding of the agreement is
however, that it embodies four things
viz:
| l.. Declaration for the gold standard
| z. Treasury notes redeemed in gol6
to be reissued, only for gold
| 3. Issue of bank notes to par Of
| bonds
4. Reduction of minimum capital OF
national banks from $4,000 to $4,000
| To find fault with these proposals j:
next to impossible. The declaration
for the gold standard is especially t,
be commended, and the third ant
| fourth proposals, for more liberia
|
by almost unanimous consent.
There is room for doubt as to the ul
! innate effect Of impounding the treas
ury notes. The device may contribut,
to currency stringency, and this would
mean two things, inconvenience t,
business and manufacture of clamo
for imitation. In time of impaired
| confidence a hundred millions or SO O
treasury notes could relieve 1he cur
rency temporarily by being poured int
! the circulation. If they are to be re
issued only for gold, this cannot b,
done.
SHORT, SHARP AND DECISIVE.
Placer Republican, There is no ques
tion as to our duty as nation regard
| ing the Philippine Islands. All tn,
right, title and claim of Spain to tn.
islands passed to us in the treaty O
peace. Spain had exclusive control o
the islands for about $50 years. It il
true that the insurgents had for {
number of years disputed that con
troll, but no other nation on earti
would have treated with any other ma
tion but Spain, IN the auirement o
the islands. No other nation on eartl
! would for a moment have seriousl!
considered an acknowledgment O
Philippine independence. A people cal
have no claim to independence tina
has not expelled or absolutely over
come the nation that has claimed thei
allegiance, When the British surren
dered to US at Yorktown they had M
other organized army to surrender
They held few, of our seaports, bu
| with. the Yorktown surrender ther'
was virtual passage of British con
troll to the Americans. Peace followed
and our independence was shortl,
after recognized by the Government
\ of England No such condition hat
been approached by the insurgents o
the Philippines in their war with Spain
They had beaten Spain in several en-
counters, but. until our flag was raise.
at Manila the capital and all the prin
cipal towns were held by Spain. Their
was positively no indication then, ant
there is no indication now that tn
people of those islands had a well-or
Iganized government, or one that coult
be seriously considered as worthy o
recognition by any. nation.
WHAT THEY WANT.
Mother Lode Magnet: The people 0
the country want to, see the rebellion
in the Philippines stamped out, AM
they want ito have sufficient soldier
sent to Manila to do it. There is !;
strong probability that President Me
Kinley will respond to public senti
ment by calling FOX the enlistment o
35, 900 troops authorized by law. Tn
country is Impatient at the long draw
out struggle The people recognize tn