The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1908-06-19
1.-THE CURRENCY CRIME"
Turning the Treasury of the United
the New York Exchange"

tissue Of May %, IA Republican pa
per, just before the Senate completed
the currency crime forced through
the House.
Dead aud damnedn was the epi-
taph which famous Democratic
editor once wrote ut the close of II
Democratic Congress which had
proved itself the enemy Of the com
mon interest and the servant of pub
lie enemies.
Are there not three or four Re
publican Senators big enough, broad
enough, far-sighted enough and suf-
ficientiy patriotic 10 save us the hu-
initiation Of being compelled by hon
esty to repeat that epitaph when
this present Congress dies hone
too soon.
The Republican party is about to
go before the people with tine mon
grel, hybrid, cheating, swindling
thing labeled the Aldrich-C annon
currency bill as its claim te the bal
lots of American workers and bust
ness men, already long-sutfering
and embittered victims of the gam
blers of New York.
1t has been whipped through the
House, to the shame 0fthe men who
have stifed their own convictions
and crouched towards under the
lash Of the vulgar tyrant in the
speakers chair for fear of his threat
to deprive them of their slices from
1.-THE pork barrel '-tbeir appropria-
ti0ns in the omnibus building bill.
1t will be whipped through the
Senate in like fashion, in all like
lihood, thanks to the feebleness of
the Democratic minority, playing
the dOnkey's role as usual in their
inability to see the chance to gain
fAvOr by filibuster that would be
patriotic craftsmanship.
Worst of all, we believe that
Roosevelt will make the bill law
by signing it. He will hurt his
country and his party not because
Of lack Of courage or of good intent.
He will do this sin because of lack
of understanding.
Ia the grasp of financial questions
he il an infant. He trusted Cortel-
you. That was cKcusable. But he
continued To- trust him after last
December. And now again, with
the best of motives, he will commit
one of those blrnders which Tallcy-
rand rightly called "worsc than II
crime
Are there not two or three men in
the United States Senate not too
deaf to hear the stern warnings of
all the legitimate business interests
of America!
Has not Roosevelt enough friends
there to save him from himself?
Are there not enough Loyal Re
publicans to keep the party from be-
ing rushed into grarest peril by this
foisting upon the people at the die
tates Of Wall Street Il Law immeasur-
ably worse than the one condemned
by practically every organized body
OF business in the nati0n9
Even the original Aldrieh bill vas
better than this iniquity. Even the
two, headed freakish thing promised
by the conference eonspirat0rs was
not so vicious as the swindle rushed
to passage in the House after one
hours debate, before a single MEM
Der had a chance to read the bill
upon which he voted.
1t was eighteen months or SO ago
that Aldrich on the floor of the
Senate made this declaration regard
ing municipal and railroad bonds:
"In these days they are fuctuating
widely, and no prudent banker could
afford to buy bonds other than the
bonds of the United States"
But that was before he had new
orders from u Broadway and the
National City Bank, and before }
=. M0rgan's office boy in Washing
ton received the message that Illegal
bond issues would be needed for
Wall Streets convenience, ia adj
dition to $3.50, 900 900 deposits of the
peoples money.
Those high financiering banks of
New York owed outside banks $40
0OO, 900 just before last falls panic.
From August to December the coun-
try could squeeze only five per cent
Of its own money from New York's
clutches. And Wall Street made "a
virtue of paying s2O,OOO,OOO of It's
800 900, 600 Indebtedness to the dis
tressed country, during n period
when the accommodating Cortelyou
increased the treasury deposits 10
New York banks $47 100000.
But Wall Street had bonds in
and municipal bonds