Rensselaer Democrat, Volume 1, Number 6, Rensselaer, Jasper County, 20 May 1898 — BANKS AND CURRENCY. [ARTICLE]

BANKS AND CURRENCY.

Of late the gold advocating press Is not saying that “the banks are safer than the Government!” This may be owing to the fadt thAt just now the people are Inclined. to be impatient with those who shovy a disposition to Impugn the ’stability and honesty of this government. . v Again, the recent big bank fallutft in Philadelphia, followed within the last week by a genuine boom in hank 1 wrecking in the East, may have cooled the ardor of the “sound money Tefc&tiF ers.” Lemuel T. .Terry, N#w Bedford, Lewis M'arher, of < Nolrth'-*' ampton. Mass.? and B. ll. : ''Sf#qrs;:ht Carthage, N, Y., have wrecked the banks with which they were connected and have stolen’an aggregate ot*pHjf-a million dollars. These faen werpajh "highly respected jpiepjbers of society!” and representatives of what President* McKinley calls “dur Beit citizenship. Will ‘the geld advocates again- take up the unpatriotic^false and stupid 1 cry that the banksuaEpftkfer, than the Government? Dossibly/foi* tEfetaS, la noother argument to advwncedn of handling the control of life euYrency over to the banks. To admit that tlife Government is safe and honest is t<* admit that therein no excuse for taking the power to. isrue currency away from the Government. But fActs prove that, in many instances, the bank* are not thaft bank honest, while the converse Js absolutely, true of the Government; heruA*’the gold clique argument lias <nd .weightand will be thoroughly discounted by, the people. I-'* • >' —•— ■, ' * Awakening] of the Giant, . How is it that not a single paper TU the United States that is advocating the cause of bimetallism finds anytime* to say a word in favor of an -AjrnloAmerican coin pact? The nnsWer is “dead easy.” There is not” A "-single newspaper advocating Independent bimetallism In the United states .that is owned in England, either in whole or in part. There is not a single paper advocating the gold standard ip >jtlie United States that is not also advocaf.--ing an Anglo-American alliance. There* is not a single paper advocating an understanding with England that Is not either wholly or in part owned in England. They do not represent the sentiment of the American people. Their present noise, however, will serve to. awaken the American people from their slumbers. When they awake they will sentence to British fortresses, as It worts nosg established among us and teaching failse doctrines.—National Democrat. . -

Nelson Dingley-Hia’Bill. There is a bright and beaming smile upon the usually rugged face of Mr. Nelson Dingley these days. He hears with delight the music of Dewey’s guns at Manila; the smell of-powder smoke Is as Incense unto his He glories iu the triumph of American mrttrs and h*e is particularly enthusiastic over' all propositions looking to the prosecution of hostilities. For every gun fired, ever?' naval skirmish tends to distract attention from Mr. Dlngley’s “bill to produce revenue.” As he justly remarks; “The expenses of war are of an extraordinary nature and must be met by extraordinary means of raising money.” It was no 11l wind that bore to the Hon. Nelson Dingley’s ears the clash of resounding arms. It was a zephyr freighted with balm to the troubled soul and carrying away disagreeable mutterings concerning a deficit of $10,000,000 per month. Grim visaged war Is a white-winged dove iu the eyfcs of Hon. Nelson. Business Interests and the War. When it Is borne in mind that all the men likely to be engaged In the war with Spain will not amount to 1 per cent, of the active working male population of the country, and that all the money that will be expended Is less than the capitalization of each of several railroad companies in the United States, the importance of the war, considered with respect to its effect on trade and industry, is Insignificant. There Is no good reason why business should not go on without serious interruption, and the reports of the trade reviews show that this is the view taken generally by merchants—Kansas City Star. The Gerrymander .Nuisance. The Suprt-nm Court of Illinois has very properly .k'llled the Infamous gerrymander enacted at the recent session of the Illinois Legislature. The decision goes to the very root of the question and any further attempt at apportionment until after the next census. Every step that Is taken towards putting apportionment beyond the reach of continued meddling Is beneficial, and If the States would adopt the rational basis of county representa. tion they would be rid of this perpetual nuisance altogether— Indianapolis Sentinel. Vast Power Given to One Man. No other Parliament. In pay other country of the world has ever given the executive a freer hand than Congress did when it voted unanimously and without a single restriction that $50,000,000. There are those who talk of the attempt of Charles I. to overthrow the rights and liberties of England, but he never dreamed of asking the House at Commons to put under his control any such sum as that.—Providence Journal. Unoy Has Work on Hand. Senator Quay is making the most determined efforts to seep re his own reelection to the United States Senate by forcing the election of his henchmen to the Legislature; he is also strenuously engaged In efforts to compel the election of his candidate to the office of Governor, and to accomplish the nomination of one of his local lieutenants for the office of Mayor of Philadelphia.—Philadelphia Ledger.