The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1899-12-06
VOICE OF The PRESS.
EXTRACTS FROM EDITORIAL
EXPRESSIONS.
State and Coast Opinions on Sub
jects Of Living News
Interest.

Los Angeles Express: We have
grown into the habit of taking it fol
granted that those splendid warriors
Generals Lawton, Macarthur, Wheaton
and Young will get what they go after
We can see now what telling blows
they have been striking the insurgen'
| cause in Luzon. But it must not be
forgotten that they and their gallant
! forces have been undergoing one OF
the most trying campaigns of the whole
war. When the full accounts come in
1t will be seen that never have Ameri-
can soldiers performed better servics
than in Northern Luzon, under the
most trying conditions.
GULLIBLE PEOPLE,
Santa Rosa Republican: 1t is re-
markable the number Of gullible people
there are. Smooth swindlers have nc
difficulty in securing victims. When
they offer gold bricks for sale many
purchasers are sure to respond. The, re-
cent occurrence in New York is a case
in point. Swindler Miller made prom
ises that every sane man knew could
not be kept. 1t was the most glaring
fraud of modern times but there were
enough people ready to exchange their
coin for his promises. His receipts by
Government money orders alone ran
from $4,000 to $4,000 per day. 1t is
estimated that he got several hundred
thousand dollars before his fraudulent
transactions were formally declared
AND the simpletons who put their
money into his hands think they were
entitled to Government protection. To
brand such men and women as incom-
petents would not be a bad way to treat
them. This is about all the considera-
ton to which they are entitled. We
are safe in saying that this is not the
nrst time most of them have been
caught, nor will it be the last time.
Such people seem to live to be feeced.
Ihey should take their medicine and
not advertise their foolishness.
MARE ISLAND.
Vallejo News: With the California
delegation in Congress in favor of fair
treatment and good wages for the
Workmen at Mare Island, there will be
better chance of the Board of Wages
recommendations getting a more con-
else and impartial examination than
formerly. The wages should be raised
so the best mechanic on Mare Island
can get as much pay as the best me-
chanic in the same line Of work on
the outside
MONETARY CIRCULATION.
Tulare Register: The monetary
circulation is increasing right along
but hardly as rapidly as the
commercial spectators would Xix;
to have it increase. There was an
increase of Is cents per capita during
october and, during the twelve month
ending November LIST, the total in
crease of circulation in the hands OF
the people and banks was increased 7s
cents per capita. The speculative fever
Is still in the blood of the people and
If they had their unrestrained way
about it they would have another panic
down ON US within a year. Panics are
made by men going too fast and being
brought up with a turn when poorest
prepared for it. Let us progress but
do it slowly and surely that good times
may last. That is the wiser way.
THE MONETARY PROGRAM.
Oakland Inquirer: The financial
program for the coming session of
Congress appears to have been agreed
upon and is said to have the approval
OF President Mckinley. 1t contains
these features: Specific declaration of
the gold standard; legislation to pre-
vent paying out of greenbacks after
once being redeemed, except in ex-
change for gold; increase of national
bank issues from 80 per cent. of bond
deposits to full par value; and organi-
not tor, Of
mum capital of $4,000
This program stops short of the gen.
eral reorganization Of the national
banks by doing away with bond de-
posits for circulation and the adoption
of a new system of securing notes by
general assets, which is the arrange
ment desired by the bankers. That
great problem is to be left to sue
ceeding Congress
1t is apparent that the Republican
party at this session of Congress should
do something in the direction of finan-
cial reform-that it must do something
The present program is a safe and
judicious one and it goes as far as Con
gress ought to go at the coming ses-
sion. But it should not fail to go that
mittee and the programing of legis-
latfon it should keep constantly in view
these financial measures which are
necessary for the safety of our none
tary system.
1t would also be we'll to add to the
program a provision requiring national
banks to redeem their notes in gold
and not in gold or greenbacks at their
option. The banks are always call
ing upon the Government ''to go out
of the banking business" but they con-
tinue to thrust on the Government the
burden of maintaining specie pay
ments, which they, the banks; should
help to carry. Some reports from
Washington say that the Republicans
propose to add to their program the
reduction of taxation on bank clrcu-
lation from / per cent. to one-half of
l per cent. but if they are wise they
will not touch that proposition, even
with very long pole.
THE SOLDIERS AND THE MONEY.
San Jose Mercury: The inquiry made
by the Mercury some weeks ago as
to what disposition the Citizens Com
mittee of San Francisco propose to
make of the balance of the large fund
raised by popular subscription for the
returned California volunteers has not
been answered. The surplus Of the
$4,000 subscribed and paid in is in
bank, and in the meanwhile there are
many volunteers who are sick, and
others who are vainly seeking employ
ment Not only that, but the Red Cross
| c. soI 10 CT hoc
pended tens of thousands of dollars in