The morning journal-courier., 1908-02-06
THE CURRENCY SITUATION.

TIE CURRENCY SITUATION.
 The New Haven Chamber of Con- merce, acting jointly with one of the Yale political clubs, is to be congrat- ulated upon having secured the pres ence here next week of Congressman Fowler of New Jersey to speak upon the currency question Interest is add ed to the occasion because of MT Fow- ler's ability to speak clearly and con- vincingly upon the important subject. Less saturated than most of his par tisan fellows with the doctrines of Hamilton, he has studied the question from a practical point of view, and more from the viewpoint of the gen. eral industrial wants and needs and less from the viewpoint of the money dealers. That MT Fowler is a grad uate of Yale and a former waterman of note detracts in no degree from the warmth of the welcome that win be given him.
 It is important that the business and wage-earning men of the city should listen intently to what Mir Fowler has to say, not so much per- haps because his panacea is the only one to be considered, but because he can at least let the people of the city understand better why' they should urge their representatives in the con- gress to oppose the pernicious Aldrich bill. The Hartford Courant puts the case none too strongly when it says: "The more thoughtful people study the schemes for Improving financial conditions advanced at Washington the more amazed they become at the evidence of the development of the old imitation spirit It is financial insan- ity." The Morning Journal-Courier has not felt quite like approaching the subject in that fierce spirit. though it
 
 has not failed to wonder at the will ingEess of Washington to push along measure which Is designed to improve the business of the money-changers rather than ito lift the financial policy of the country to higher and more scientific basis. Senator Aldrich is es- sentially not the man to arrange the senting as he does the strictly monied classes, which, even If they are to be accredited with honesty, lack clear and unprejudiced Knowledge of the science of finance, his interest must be viewed with suspicion He knows exactly what is wanted when 1t comes to the use of the treasury for special interests He either knows nothing or closes his eyes to what is needed to add stability and permanence to the currency system. It is not his aim to achieve that. He Is angling, and ang- ling with skill, for fish of another clas- sification.
 Our contemporary at the head of sloop navigation is perfectly right in first denying that what the country needs Is more money to restore confi- dcnce and set mill wheels buzzing, and second in calling upon the business in- terests of the city of Hartford to pro- test against the proposed legislation under the mischievous leadership of Senator Aldrich. It says truthfully: "It isn't more money that is wanted now. It is more business, more work, re- turn of industrial activity, which must be gradual It is lot easier to knock a house down than to set 1t up again. All this agitation in congress about inn mediate action on the currency ques- ton to save the business interests is poppycock. Let conservative and intel ligent Hartford raise it's voice It has never done this in the pas. without being listened to all over the country. This city is recognized as the home of judicious and conservative finance It's insurance companies came through the scathins investigations of a year ago in New York stronger for the agitation. The public learned that the business could be honestly and prop erly done and was done so here. No other city would be needed with more respect than Hartford There should be. as has been suggested by some men of influence, a meeting of the board of trade to let the country know what the financiers of Hart ford have to say upon the subject" !" While the trumpet call of the city of Hartford would have its wholesome ef- feet, 3 like amount of trumpeting in the other cities of the State would speak more clearly for the State of Connecticut New Haven should, for example, speak out and not let a manipulating senator of the United States take advantage of the ignorance of the average man upon this subject Such an opportunity will offer itself next Monday evening after Congress- man Fowler finishes his address. The