The morning journal-courier., 1908-01-30
THE LEADERSHIP OF ALDRIcH.

It is becoming more anu more ob- vious that the leadership of Senator Aldrich of Rhode Island in the curren- cy reform movement is full of peril for the business interests of the coun- try and for the welfare of the deposi- tors in the institutions of savings. He either is oblivious of the manner in which the currency problem should be met, or he is concerned only with in- creasing the amount of circulation afioat for the dealers in money to buy and sell. He discloses neither the gem jus of an expert nor the heart of a humanitarian His career should be cut short and the votes of the delega- tion in congress from Connecticut should not be lacking to accomplish that result As we have said once be- fore, the country might just as well leave the arrangement of the tariff SCnSuulCS lO lllC otCCi pi phoNNiS pl Pittsburg as to leave to Senator AL drich and his advisers the determina- tion of the currency laws.
 We wish again to congratulate Rep resentative Hill of the Fourth Con gressional district of Connecticut up- on the admirable work he is doing in educating the business men of the State to a realization of what the AL driches are up to and to encourage him in the self-imposed task If Wash ington does not see him again until the discussion takes place on the floor of the house he cannot employ his time to better advantage than in ex- which swarm in these bags of arti- ficial meal The currency problem, which it is given to few to understand, aught not to be taken as sound gospel because it is shaped in a committee room by partisan gatherings and re- ported to congress according to tradi- tional conventions. The currency prob- lem ought not to be brought under consideration upon the eve of na- tional election. The news from Wash ington makes it clearer every day that 1t is the political advantage to be gain ed that is inspiring both of the politi- cal parties to give the country some. thing in the way of an alleged i'm provement in its financial habits. The Republicans. under the lead of Senator Aldrich. keep up their secret and mys. terious study of the needs only to dis. close the Democrats under the lead ol Senator Bailey plotting in secret tc outwit them. Both, consciously or un. consciously as the case may be, arc deceiving themselves as to the cause, of the recent panic and are seeking ir blind and perfectly intellectual fl not dangerous way to anticipate like tumult. We repeat that they ought no to be permitted to play thus reckless ly with the power to legislate, and tho State of Connecticut, known for it, conservative and prudent conduct O Its affairs as they relate to the publi, welfare, should through it's congress sional deiegation be prompt 70 inforn the currency tinkerers that they mus tinker without its aid and comfort.
 Two things are apparent to anyon, who takes the trouble to consider tn, situation at Washington as it relate to the currency question. In the frs place congress itself and the admins tration are at sea as to just what leg islation is needed and is best unde the circumstances. In the second plac, practically all of the bills or cure-all which have been introduced have fo their purpose the imitation of the mon
 
 ey market. We are not prepared t say that it is exactly greenbackism O free silverism, but there is no reaso, to question the fact that it belongs t, the same family of legislative expert ment. Doubtless the AIdrich pla, comes nearer the desires of the none, changers than any of the other pro posed measures, but no one plan cal be said to scientifically meet the con ditions as they have been shown to b easy of creation when for a hundre, reasons public confidence is broker There is g need for an improved cur rency system, but so long as men com petent to discuss it cannot agre among themselves on a solution. upo what theory, pray, is certain solutio to be accepted on the fly? Especial important is if that fy-by-night legis lation should not be undertaken whe tneTe IS the slehitst tcdSotl tp ptlieNs as in this instance, that the two pc liticaI parties are hurdling to prov their superior agility. There are man able men and bankers, like Congress man Hill who believe that the tru solution is to be sought through na tfcnaI bank of issue, with branches l