Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1899-10-19
LET ALL HAVE A SAL,E.
Wall Street PhiIanthropisfs Get
"Hnnd Out froR the Gov
eminent Pantry.

I'VE may be OVERRIDING this thin. g, :
says Hon. William Mckinley, referring
to the booming prosperity that is being
enjoyed by the trust promoters. the
stock gamblers and the money sharks
generally. Let us take half hitch on
our enthusiasm lest we go to smash
thereby endangering my prospects for
second term These are not his ex-
act words, but the sentiment is pre-
served.
And it is evident that the understrap-
pers who have been steering the ship of
state while the regular crew have been
eating expensive dinners and talking
about the old flag have received instruc-
tions to make all snug aloft in case there
should be a stiff breeze. The assistant
secretary of the treasury, Mr.. Wander
lip, is keeping an eye to windward, at
any rate. Money is tight in Wall street.
The gentlemen who shear lambs, the
philanthropists who rig the market, the
fnanciers who come to the rescue of the
government when bond issue is in
sight, are paying considerably more
than the legal rate for money, and in
their stress and trial they naturally
turn for aid to the treasury department,
which is considered Il sort of branch Of
flee of the New York establishment. Mr..
Nanderlip, acting undoubtedly upon the
orders of his absent chief, is quick to
respond. He announces that the United
States government will prepay the in
terest on all its bonds for the rest of the
fiscal year-a period of eight months.
The Stna1-
money at the expense of the taxpayers.
1t is true that on large part of the
anticipated payments the government
will exact a discount at the rate of one
fifth of one per cent. per month, but
che difference between this discount
and the current money rate in Wall
street will go to the distressed finan-
ciers. Upon $5,000,000 of the whole $780,
100000 to be paid out no discount at all
will be eXacted. The government will
give the use of the money gratis to re-
lieve the worthy persons who amuse
themselves by SHINING the Rubes,' as
they POLITICALLY express it. 1t is thank
offering of our noble executive to the
patriots who gave so freely of their adj
pose tissue when Mr.. Hanna was OPP
Grating the frying pan in the fall of
1896. If they are treated literally now
they may be equally responsive when
Mr.. Hanna takes up his pilgrimage
again next year.
And of course it is all right. Stock
gambling is one OF our most cherished
and aristocratic industries. 1t must
be protected and fostered like other ia
vored industries. But while our noble
executive and Mr.. Nanderlip are in this
generous frame of mind why shouldn't
the federal pensioners, the federal Of
ficeholders and other prospective cred
itors of the government seize the oppor-
tunity to ask an advance payment? AS
a matter of fact, why shouldn't we all
have a ''whack' at the United States
treasury, dividing up the funds on hand.
pro rata and thereby insuring general
prosperity and high old time through
out the length and breadth of the land
so long as the money lasts?
Let US make this thing general. 1t is
not fair that the Wall street philan-
thropists should monopolize the pork
Chicago Chronicle.