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Currency Bill Defeated

Currency Bill Defeated image
Parent Issue
Day
11
Month
January
Year
1895
Copyright
Public Domain
OCR Text

On Wednesday, the house of representatives, by a vote of 129 to 124, decided to shelve the Carlisle currency bill. While it is too early to predict the final result of this action, the probabilities are that it puts an end to all prospects of financial legislation at this session. This is so, not because all wisdom was embodied in the defeated Carlisle bill, for there were clearly recognized weaknesses in that, but because of the babel of conflicting financial hobbies, all striving for the mast'ery and unwilling in any measure to yield. It was well understood before the defeat of the measure that amendments looking to its improvement would be accepted, but there seemed to be no common ground on which the majority could get together. The make-up of the present house seerns to be such, as to render abortive all efforts to improve the financial conditions of the country at this session. Then, if some measure did pass the house, it is thought that it would be ïmpossible for it to get by the senate, since that body is even more hopelessly divided than the house. In the meantime the financial and business situation is one that peremptorily demands financial legisLation, and the responsibility for the failure to give it must rest upon the democratie party. There are, however, some indications of a dawning realization of the importance of doing something to redeem democratie pledges, and it may yet be possible to enact some measure that will relieve the treasury from its embarrassments until such time as some coraprehensive measure of monetary reform can be devised. It ought to be possible for congress to devise some means to relieve the country from the blight of constant apprehension. If patriotism rather than partisanship controlled, it could be done, and it may yet become necessary for the sound money advocates of all parties to unite on some measure that will afford the much needed relief. At last it seems to have been established beyond reasonable doubt that the Japanese soldiers at the capture of Port Arthur, for the time forgot their boasted civilization and lapsed again into barbarism. The horrible crimes with the commission of which the Japanese soldiery stand charged are impossible of description because of the feebleness of language. For three days the dreadful carnage continued and neither age nor sex served to protect the people. Had these crimes been committed upon Chinese soldiers alone, there might have been some paliation, but when it is remembered that these offences were committed upon men, women and children in no way connected with the military the hidiousness of the whole happening becomes painfully manifest. These things would imply that Japanese civilization is but little more than veneer and that they are yet children in their grasp of the underlying principies of law as understood in highly civilized countries. In view of these apparently well authenticated facts, it would be the part of wisdom for our government to proceed with caution in the matter of ratifying the treaty now before the senate, containing a clause granting the impugned nation the right to try American citizens for alleged crimes committed in that country. The educational interests of the state seem to be more than ordinarily alert this year. There are already several educational bilis in the hands of the proper committes. The (Iemand made upon tjje president by the moneyed interests of j Wall street for the official head of Secretary Carlisle, because he declined to allow Gotham bankers a commission for handling the bonds that were issued last February, met I with the rebuke the impertinence demanded. The president and his secretary have done well to niaintain the interests of the country at largc as against these sharks. They will lose nothing in popular estimation as a result of taking such a position. On the other hand it is a high compliment to both that the}' should have incurred the displeasure of Wall street in their efforts to guard the interests of the people. The country at large is as weary of Wall street financial methods as of New York political intrigues. If these people continue their war on Secretary Carlisle, they will yet make him a formidable presidential candidate for 1896. Prol'. Thomas Wilsou, of the Smithsonian Institute, says that he has been "for a long time doubtf ui of the benefit to arise to the body politie by a high-classic or collegiate edueation to individuals who belong to the lower spheres of society." Ah, but that is just the difficulty. If Professor Wilson would only teil us who it is that belongs in the lower spheres of society. Is it Lincoln, the rail-splitter; Garfield, the canal mulé driver? Or is it the millionaire's son - there have been such- who squeeze through college with the help of a crammer and a little cheating, for the sake of those social pleasures which outside the collegiate world would be called rowdyismV It is all very well to speak of that state to which Providence has called us, but there are many who are called to be rail-splitters who never hear the cali. The talk about not educating those who "belong to the lower spheres" is un-American, and if carried out would separate , society into castes as sharply defined as those of India.- Springfleld Republican. An authorative statement as to the value of the personal estáte of the late Jay Gould has just been made by Appraiser McClure and it mounts up higher chan all previous estimates. The present holdings are fixed at $80,934,580.79. Here is a good point at which to inaugúrate the new income tax. That such aggregations of capital should be excluded from the national system of taxation is a monstrous injustice. It costs the government vastly more to protect the person and property of the Jay Goulds than it does the humbier citizen and they should be required to pay in proportion to the protection received. The School Moderator greets the members of the legislature thus: ''Gentlemen of the legislature, we send you this copy of the Moderator and shall continue to mail you regularly the numbers issued during the session. We do this to cali your at tention more especially to the great educational interests of the state. These interests are worthy of your careful consideration, and you can do nothing that shall redound to your credit more than to place these interests foremost in your work. Six millions of dollars are annually expended for our eommon schools in the state. To make this fund do its greatest good should be the aina of every one in any manner responsible for it. Don't let petty local bilis crowd the matters of general interest to the rear.

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Subjects
Ann Arbor Argus
Old News