Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1901-10-23
The Only Remedy.

Roosevelt will not lead lt.-Chicago
Chronicle.
The Only Remcdy.
That there is n serious danger In the
existing financial situation has been dis
covered in other places than the edito-
rial sanctum of the New York Sun. But
In no other Is the danger so linked with
a remedy that clearly indicates the
source of the newspapers life. The
Sun recognizes the fact that there Is a
great stringency in our financial GEN.
tiers due to the absorption of money into
the national treasury. The Sun UNDER
stands that this. is bad for stock ex-
change gamblers and for the banks
that profit by their game. The Sun.
knows that.the Secretary of the Treas
ury has been appealed to for aid and
that great difficulties stand In the way
of his compliance. This Is not case
where relief can be afforded by selling
a lot Of government property without
consideration, MS in the case of the old
New York custom house. Here relief
is sought by the main body of finan-
ciers, and bounty to single, bank
would not fice-however much 1t
might be In accord with financial prom
ises made during campaign for ."hon-
est money" And The Sun, too, recog-
nizes the palpable >absurdity of a sys-
TEN which enforces bond issues at one
time for the purpose of repairing a
government deficit and again compels
the purchase of bonds at high price
for the purpose of reducing an unwieldy
surplus.
There are admitted difficulties In the
way-as there always must be when
men In all industries accustom them
selves to look to the government for aid
In every emergency. 1t is absurd for.
the Secretary of the Treasury to act
every time there seems to be a paucity
of chips on the gamblers tables. Moth
ing is clearer than that his compliance
with the demand for aid simply in
creases the gambling mania and:
worse than all-places 1t within the
power of mon connected with the Treas
ury department to take profitable share
In the game because of their foreknowl-
edge. 1t may be argued that the Secre-
tary is a man of too much wealth and
too high principles to leave open any
such danger of improper.actiontbe because
of the temptation thus offered. This
might be possible Of proof before such
tribunal as is to try the Schley case.
but that would be difficult to secure.
And the fact of the danger remains.
There might be Secretary Of the
Treasury who would have less tender
conscience than is indicated by the
dealing of Mr.. Gage with the Standard
Oil Bank In the sale of the New York
custom house. 1t is not always safe to
believe that we have reached the low
est level of official malfeasance.
And because of all the admitted diff.
culties in the way. The Sun-overlook.
ing the one eminently proper course of
avoiding the first false step of Treasury
and taxation bunging- Jumps to the
conclusion that there is but single
remedy. which 1t proceeds to state for
orIars oe ;ts ,m,stons 10 = uel .ne
onongb - d.sa,,ma s,.u sius'ns
these columns. The hot weather has
Iu refroshina n TO- NV ,uIs rs necioed
says:
The only remedy for the difficulty is
49,, I,o..,. q stea. sihste ma
80 IN .ne .ne.hoo OF all
~. ~ .,,.,s,, " 'ne civi,.zed world.
49, 81, pu1.ic llohey VIII always De
WI
!, , " Ia. . nappS piospect: Let us have
, q Dn "ne.e our surplus money shna
~. us Aep.. e. US luYe II convenient to
.ne s.ea' s'oeA salhDlne centers. Let
. VS. -, :. . ,gn. pS some onicial
sesIse ~ A.A iiunna, ana lhen we
W, mou. ~. an We plospetous-provided we
49,. au .ne Proper pun i1oW FERRY Heath
tow ne,, 'os sueA sys'ems--Johns-
'o"n Deoea''
In some quarters II is predicted that
the first real struggle Of the Roosaval,
administration will be over tho rac,.
procity treaties. There is a powerfnl
Mr.. Aldrlcl, of Rhode Island, the lead.
ing tariff expert in Congress, that viii
oppose their ratification. They are NOT
likely to be deferred from their conrse
by sentiment over Mr.. McKinley's last
words, since tariff is not sentiment
but business. Mr.. Roosevelt will lack
one great advantage his predecessor
gress IN daalina Viz p .,,a 'e ,a, ~ ION
fines of strife Tho a,saa e ,es,s.a.ors ~