Show PUT THE BLAME WHERE IT BELONGS BELONG S the new york corid Is 1 furious over the lond bond sale gate scandal and berl begins on an editorial with these passi passionate onale words the folly or of tho the new bone bond contract now that its in terms are published Is nit mom incredible the resources of 0 our count country ry ere are im greater than those of france or england yet tile iho administration lias has based lu its bargain mith the bankert bankers upon the assumption that 3 aft per cent is 11 1 1 the lowest interest rate at which we can ax c hect to borrow morey money when fran france cc rentes and british console are everywhere deemed desirable toy investments C at per cont coni the secretary of the treasury was in a close place and did the best he could perhaps an abler financier would have dony done better but wholesale impressions against aKili hani do not count when deb debtors seek to borrow they have to take the iho terms that thal are ro orr offered ered tho the fault is ds not IT frk the bargain made the kat great wrong Is 19 why was waa ae bargain meats sary bary let iet us u suppose a ease case wo we will suppose that the london tim talmeg the london world and other arelt bailles ot of london bondon had begun three months a ego go to thunder to parliament that ith irrig must be done or england In sand would begin to repudiate ber glicr debts within the next two or three months and had haa kept that up day after day then suppose some ot of the brightest bilet brigi tot test men in parliament had bad sounded bounded that thail note day d ay iy atler day that in addition lord rosebel in one or two had dec declared declama lama that ill all hta plais had tailed failed and that unless something was waa to be done great britain would have to default in certain pay metras which were speedily comier due what would have hae ha e been th the elect effert would english consuls con suits havo rental remained ned firma would there not have been a panicky feeling all over england taid end great abrl aln would not net ni elie credit ors ora on the isio continent who toad baa money deposited in the bank of england have hati begun to quietly withdraw their deposits would it not I 1 tave beoni been easy cay to have bave broken the credit ot of T england down to about the level ot of egypt the same barne that the papers of CIE america and tho the attorneys ot of the banks banar to in con gross have dono done by the oe united staica I 1 aal then hid haa lord nowery no sebery made e contract to becu beaute to some goll in franco france arril ami had bad been obliged to pay 1 per cent amm inLo interest reut per der annum than lie ho could have obtained the tha money tor for under normil normal circumstances would it have been tn tit good taste to bay jumped vp rp on lord rosebery Roa ebery and aid that he was a PO poor or fIr Inanc rancler lw to intimate that there waa a divy and bial he end his fin med liate friends would no doubt do very well in ithe tran transition stion the creditor oreil llor class cass just juat about two ivarn mn ago age now beb galt to ito howl that the Sher maji nian law must be repealed la in order to restom prosperity they shot hot out their long ion arois arms ond and closed clod the iho vaults of 0 bank in the country ry to all al except 0 few ew special customers the press of 0 new york joined the them in end and they kept kepi up lip that howl until they canoed a general oon flon ot t b ks tho 00 antry they overplayed the thing tl nr until the lio customers ous lomira in tile tho now kew york banks became frIch toned and allew deposits until nine tenths of u the banking institution of 0 new york city aca nore re only eble to vold avold a suspension by clubbing togo lher and going security ifor far each ollir in th the f in of 0 clot I 1 liddie h U toc Tecc liLB vt that thai panic ian worp wm away and we thought thy would bi ardful they bey the oie kimi boym ex I 1 roro intent but last fall hilll bui they y 1 I 1 i qa icv im 44 1 chil I of 0 ibl silver bissil loo I und land so they bem began to once more until 33 innela bigland antl wag frightened end and abe lecan to draw orb on the treasury for or gold by unloading american and then efthem tanks banks concluded that mat they too needed more reserves ri erve find and 0 go o they wept went to forcing currency upon UK government find drawing out gold fold until where wits was almost a stampede it was wa in that crisis that the th secretary of tile the treasury had to set act anti and it locks 10 lou us to be anos ungrateful and uncharitable on the part of 0 uio elie now new york press presa to lo honi about a bad bargain that va made when it 11 la is known that it wits was in a crisis that that barchin WM was made ind and that the crisis was in great part brought on by that kime new york prom preg will what t lias has been going eligon el ngon an reminds ds one more ot of it 0 game 0 of poker between the ills pluto and ladling than rny my in modern times time every autumn they meet find and play indian in poker anil and the blod bloode J ones at the lat sit are gen orally reduced to about abolt ten on either side bide one ERIC wins all the elie money from the tha other then they win their ponies then they win their clothing ond cand us as a last resort the are put up and it 1 they are won wan mr ir indian imes beil horne home sails eans money sails ponies nans nani clothing sans mo moha balls but lie ha carries carnea homo hla big native integrity with his head coar clear and hl hi arms strong to make another rice race the government lug has spent all its money it la Is puring up its ponies now and its blankets Man kew it will ever even got get so no far except in individual cases as a to risk its uiva w s tomaini re rn tny to be seen the opec 0 t the collary couitt ry vory cl closely sely non to the picture that the or shoshone chief makes when he be retreats from the game except thit the iho baj earvase carries with him tile his self sek respect |