| Show TWO STRONG ARTICLES the august north american review contains a dual article on en the financial situation I by the comptroller of the currency and the governor of oregon each presenting his personal views and dilt diametrically metrically opposing the other the bull ball is opened by the former mr james H eckels eckel who advocates the gold standard in just juet such a way as aa those who know him and of him would naturally loox look for he shows that thai the present flo financial ancial depression I 1 ir different from any other that was ever upon the coun country and that it has been of unprecedented length and severity but through it all the i eople have maintained their wonted equanimity and he concludes cono ludee from this that no matter how bad the outlook there can be no general bank and distress like that of 1887 1867 1857 and 1878 1873 there will be a great army ready and willing to believe the conclusion where it would be difficult in this corner of creation at least to find many who support the supplementary conclusions conclusion a and the promises upon which they are based although it cannot be denied that the showing is a skillful and arguments menta live five one bringing out all the familiar and many new points to show why silver should be cut loose from he predicts that in the end the opponents of unconditional repeal must be beaten but it seems at this thin dist distance snoe so as if the writer had permitted his inclination that way to get a little the better of hie judgment gover or to is much better better known to the average reader not only aa san an official but as a writer and speaker he la in quite as radical in his pro silver allver views as is ig governor waite but so BO far has baa paused this side aide the ibe gory panorama rams which the colorados Colora doan prefigures pre figures the oregonians OreRo chap ter is entitled after the ibe four hundred years what glancing briefly at the worlds fair and showing how bow appropriations to it are illegal because of making the man who cannot atte alte d pay for the one who can in contrast with the manner in which columbus e expedition was provided be comes down by easy stages to the currency question history from remote periods period to is resorted to to show the crimin ami philosophy of currency the rise progress and fall of the roman empire corresponded with the product and failure to produce metallic treasures and by the writers own process or of reasoning he makes it plainly apparent as an undeniable truth that the decline into the dark ages following the christian era was the direct result of diminution in the worlds borla 18 volume of money he holds that the discovery of the precious metals in the western hemisphere broke the bands ot of this european slavery and die enthralled ld europe from its abject condition of 01 money servitude JIJI the reader will not have much difficulty difficult yin in discerning at this point that the governor has constructed for hina kelf an excellent foundation to bow that great quantities of metallic moneys in a nation so far from bettig being a menace do but raise it from the social slough of despond and broaden the minds and quicken the energies of its people is certainly very delici tous for one who seeks to uphold and am convince others of the usefulness useful nees ol of bimetallism of course with the precious metal which the united states products produces as much of as all the rest ot of the world combined retired permanently and all transactions adjusted to the gold scale it is easily seen been that the volume of currency must be curtail curtailer eu more than one half to begin with and the decline that thus sets in must be maintained and increased as we only moneys finds its way into strong vaults only to emerge at the call of or greater interest and stronger security ti au an before batore and it such a 6 condition conui tion begets physical decadence and intellectuals decline a proposition which it Is ia easier to deny than overcome the governor has hae made a very strong point one that we think it have been as well for his bis whole bould tide to have rested upon exclusively af I 1 f course be does not do this the characteristic of most of 01 the silver champ champions luns crops out here and the resort to glittering gene foli polities ties having but the effect of bilut ing that which would otherwise be solid argument there Is much to be mild aid in lavor favor of the unlimited use of two kinds of metallic currency on a parity but the saying must not be that of either the charlatan the fanatic the pessimist or the soothsayer to have force aud effect least ot of all must it be by the approval of the communist or the applause of the mercenary and impecunious clacker aoker cl |
