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About The commoner. (Lincoln, Neb.) 1901-1923 | View Entire Issue (Feb. 13, 1903)
N," The Commoner. 13 FEBRUARY 13, 1903. A Queer National Policy. Secretary Shaw attacks silver with frank brutality. He goes for it with an ax. He wants greenbacks, silver .iniinro nnri olltrnr n.frttfinatGS made nnvnhio in cold rteht away, at the op- IMPBE55 tion of the holder, and he wants a'l tho silver bullion and silver dollars in the treasury and in circulation coined into small change as fast as possible. Silver is to be eliminated from the currency except as it serves for change. Yet the same man, in the same re port, says that the currency is alto gether .insufficient for the needs of business, afcd that more currency must be furnished by permitting the banks to issue it. Tho secretary not only favors per mitting the banks to issue all tho pa per money, bus he avors permitting them to base it on their assets, and adds: "Neither do I believe it neces sary to make currency thus issued a first lien upon assets." He says that the calculations of the actuary of tho treasury department show that an an nual tax of one-eighth of one per cent onthe annual circulation of bank notes would have created a guarantee fund large enough to redeem the note3 of the national banks- which have failed since the system was instituted. Mr. Shaw favors collection by the government of such a tax, the proceeds to be held as a guarantee or insurance fund for the bank notes. The govern ment under this system would issue only gold coins and small change,' and the banks would take charge of all the remainder ot tiie currency. Recent presidents and heads of tho treasury department seem to have been possessed with, enmity to silver, and Mr. Roosevelt and Secretary Shaw are not exceptions to tho rule. It seems strange to discern in the presi dent's message a tender solicitude for the country's manufacturing interests, wliich leads him to declare that no change that shall injure manufactur ing shall be made in tho tariff on any consideration, yet to find the whole 4V.vn rtf 4-ria nrlmlTllRtrfltiOTl thrown tO accomplish the obliteration of silver - production, which is an industry thai affords employment to many thou sands of men and 'that adds wealth in'a solid and indestructible form to the world's possessions. The same remarkable discrimination is to be ob served in the case of beet sugar, which affords employment, to thousands of farmers 'and thousands of sugar fac tory hands. The anxiety in regard to manufac turing does not extend to all kinds of manufacturing. It throws a protect ing arm around those forms of manu facturing which nave tneir location in the Atlantic coast states or are owned there, and which control the policies ofthe dominant party. - The currency policy and tho tariff policy of Roosevelt are dictated by tho same influences which dictated the policies of McKinley, Harrison and Cleveland. - The great banks demand control or tho currency and they are going to get it. Why shouldn't the business organi zations of Colorado pledge their pro tests against the proposed attacks on silver and beet sugar? This is a mat ter of business, not politics. Denver ' News, Like Barmecide. We have all heard tlie origin of the phrase, "Like Barmecide's Feast," and remember reading of tho great financier (as ho' would bo called) who had palaces galore and gold enough to buy one quarter of the earth. ' Ho invited a starving beggar to dinner and entertained him by de scribing the luxuries he would aoon kk: 3i fHEB QUARTER 10 DAYS FREE TRIM .OO 3 Hi I BOULEVARD GEM rhsvjofe JEAVORUTE enjoy. Ho seated him at a golden table laden with golden dishes all of which were empty. Roosevelt may be a descendant o his for he follows his example in a wirA TTinHfiPfi find less conspicuous fashion. He sends out a message of great promise ignoring past failures and promising future successes; he quotes present prosperity and assures the people of its continuance; glosses over the coal famine and food famine in a Temarkable manner and extends a hearty invitation to the distressed, impoverished working ciass to bit ai his table of prosperity and drink of his cup of pleasure and success. They come a long sad train of cold, hungry, cheerless men and wo men, but like Barmecide's Feast, the prosperity is visible and not partak able. In short, it is for the classes alone. Lewiston (111.) News. Cosmic Reformation. - R. B. Godfrey, of Lincoln, Neb., has prepared for the reading public several books and pamphlets that he desires to call attention to. "Cosmic Reformation" is devoted to moral, mental and physical reform. "The Literary Crucible" contains a system of education that will obtain, as the author believes, tho truth on all moral, mental, physical, social, civic, scientific and religious subjects. "Demnology," as the title indicates, deals with an important topic, "What they are, where they came from and why they are," and offers answers to the questions. "The World's Spiritual Conquest" deals with the problems of converting the world to Christ Mr. nAf.nr n-mpot the eolden rule and UUUJ.IUJ 4jifc.wv.w- -. w says that it is his only political plat form. Any one desiring further infor mation should address the author, R. B. Godfrey, General Delivery, Lincoln, Neb. The New Hamlet, Rand, McNally & Co., of Chicago, ,. 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