Press enter after choosing selection

That Monetary Commission

That Monetary Commission image
Parent Issue
Day
16
Month
July
Year
1897
Copyright
Public Domain
OCR Text

We aro told by the üspatehes thai President MoKialey is going f.o senl i message to coagress as soou as tin1 arty leaders will pernnt.. urgiug that My to appolat a nninission to adast the curreocy oí the conntiy. .Inst what line oí reform The president will snggest is nut. fore-shadowed in the iveager reporta tll;lt have tiir.s Car jeea sent out from the exinitive, office, (dli! papers assunie th.-n ii will ? in line wivli the fitanciaJ plattPonn ïpou whir.ii li'. McKinley was eieeted. Party papers of irtfluenee, wtoich aro ïlVays anxions to straddle Kve issues. tandle the matter on the principie tlial i "Republicau president -an do 110 wrong." The people, however, will not view wlth approval any aetion whiea places the control of mattèrs of vïcmI importance to the public welfare in tlie hínds of a body of men in whóse se lectiou they have no ehoice. lt WO3 not long since seriously proposed to créate a tariff eammissipn w'.iich should have power to revise and adlust tariff schedules without the consent of congress. A coimuision uf that kind, enjoying plenary power, vould be n proper adjunct tq in autocratie government. But in our case ii woukl be a confession that popular gevernment is a failure and .1 taoii admission that people láclt sufflcient tntelllgence to .settle sueh questions for themselves. If the proposed ïuonetary comnussion is to be of tbi ctaraeter it will antagouize popular sentiment from the start. It js not lo be denied that a sntall bdy of trained men by careful stud.v of a giveii prpposltion may form more correct conelusions than will be fonnetí by popular agitation. It is also possible that a wise and eönscientknrs mon: arch holding absolute sway over nis siVbjécts mar provWe botter for tbeir happiness aud material welfare tli.ui the most liberal of democracies. 3Tet no sane man. with a knowledge of lustpry to suule Iiim. would care to try the experiment. Nor will it be eásitrr to tusare the selection of a monetnry or a tariff coinn:ission in wnose hfues.ty and disinterested purpose tho peopie wiil care to place arbitrary authorïty of this character. But there is a kind of cqmmisáiOB which eongress iniglit wisely provitie In these tnatters. Á colfiínlssiotí appciated to investígate and g!ve adrice whicñ shall be the result oí careful study and reileetion could be eüiployed wlth vi-ofit. TUe individu il seeks the adviee of his physician and hls lawyer upon professional qnestions, but he does not comndt his life his property into tnelr keeptng. Tl'.e final decisión in all cases is reserved to himself. Tlius shpulrl it be with commissions like those uMer conslderation. Let tliem place ñi result of their research before cougress, but save the final judgnient for the people through ilieir ropfesentatives. Auytliinir less is repugnant to the spirit of our institutions. Lomion dispatches report Senator Ed. Wolcott, af President McKinley's bimetallie commission, as very much pleased over the outlook for the snecess of his mission. But then Wolcott always was ciuite facetious and those who know the temper of his constituents know that if bimetallisrn is not au aceomplished fact beiore the election of 1898, the junior senator from Colorado is a dead duck. EfTorts to secure arbltration in tincoal miuers' strike ave bemg made and hopes are entertained that the greal strike may fiualiy be settled iu this manner. It is believed that the ininei's of West Virginia hold the key to the strike, and if the non-union raen ure induoed to quit work there, the success of the movement to better the condition of the coal miuers will bo assirred. The strike has now been in forcé for a week, anA no act of violence has been committed. The peaceful character of the movement is a marked and creditáiBle feature In on.. of the greatest strikes iu the history of the world. Chicago is today confronted wlth the most serious condition of affalrs that las ever been ex)perienc-e;l there; A coal famine that pronrfses to atteet every industry, public and private, is near at hand. Manufactories and all n.anner of business enterprises will soon be forced to close uniese tin strike of coal miners is ended. But more serious yet is the danger tnat menaces every citizen in the threatened suspension of water and light service. Without fuel the pumpjog stations, the electrie light plants and gas woi-ks must soon close down. The water supply is threatened by the coa' strike, and before this time tomorrow the city officials may be conñseating coal in order to keep the engines running at the different pumping stations [f erop reporta f rom other wheU iroducing countries are to bc trusted, ;here will be a good demaad for American wheat this fsJU. Detroit Free Press: tirant Fellows has the satisfaction of fenowiüg that Ue was uot Smithecl this time by Ve Adrián crowd that struck the eongressioaal aoniinatiou frow ais grasp. We have received the ñrsi issue oí the líerald. a lintíht. clean .mil ereditable aewspapes fmst started at tlio salt city, by Foster &1Sigralia}u. The Herald is the only frce silrei .iper in Manistee couuty. aud should reeeive the support of everj áctíre aiiu c::ei'geUé sllver mau in the eoanty. Four years more ago (erv.i.-niy. through ils eharcellor, e3Qïfssecl s winingmess to take up bbnctalllsm f Bnglaad" conld be bronght to conspiit to an international agreement ou the suljtet, and it is not iinproii.il)'.. that Germany may also conie to the ald of France and the Tniled Staies in bringing alout at least a ful! dlscussion of the desirability of hime.tallism by international agrèement. The persen who so vehemertly objects to boys bathiog in the rivei ecr.use it interrupts the pfeasure ÓÍ boat riding, veneered his ease of selfishness witli a very thin eoatiug oí modesty. I.t is perhaps poêstble thal thè boys wiio frequent the banfes oí the river ater sundowu aml indulge 'm the roan'ly and somethnes useful air.useir.cnt of swinuuing are Uiemselves enjoying relaxation frvin tha heat and turmoll of the eity. ei the boys swim. Ir will do tnein good and when governed with yropriety harms no oue. ■ The f:ic-t thatHoraee L. Oiainnai:, the ;.".-iiiccratie candidato for gprernor of' Ohio, is interested in eoal mines will help rather thau hinder nfm in his canvas. While Mr. Chapman (V'aa for many years ai operator of own mines he never had a disagreemeut with his men. Kor tllc past tVO years his property has been worked by me coal syndieate onder an option 10 pui1chase. Tlhat option exjiires before election and if the mines are aoi piite!..-,se.d by the syndieate Mr. C.ia]iman vill resrtm-e operatíoms, strjke bí qo str.Uce. and ne will pay livms wages. The financiers of New York are said to be wondering how tai1 the 'aii1 t-í interest is going to settle. Tli-'y can auswer that q'.iestiou by öeterminiDg how long they propose to squeeze ihe lli'e out of business. They ought to fcfnow, if they do not. that ihe ra te o; interest deperads entirely upou the productivity of capital. Men wil. cot long continue 10 boiww money ;it s per cent to Jnvest in enterprises which will return hut three pr cent. il these financiers would prevent the ra te oi.' interest froni fallini; they shculd loosen tlieir grip upou indiistfj' and let it regain lts wonted actlvity. The submarine boat Holland has been tested and proncuiieeil a suc.cess by Kiniball of the United States navy. The Holland was suuk with the commander and crew on board, and after resting on the bottom for some time, was allowed to rise to the surface. During tu naval review of Queeu Victoria's juiiihv. thirty-live miles of warships. owned by the country which boasts tlic title of ruler of the sea, testified to the fighting strength of Old England Naval experts say that the Holland, in possession of the United Stares, ■au whip the mistress of the seas with her tl;irty-five miles of warsiüps. The Detroit Journal, which ia as rank as a mad 'loer ajrainst freo silver and has hydrophobia fits wheiuver ir sees the words, has again declarad that the free silveí cause is dyrag out. Sinee rhe .iournal's declaratlon, ,Io!m C. Sheehan. leader of Tamniany Hall. lias placed himself squarely on tlie Chicago platform. Strénuous eit'orts have been made in New York city to prevent T.unmany froin pronouncirig itself in favor of binietaliisni. All the influenees of Wall street to comr.iit Taniman.v to gold have been bvouïrht to bear sinco the discussion of the mayoralty question began, and cp to the present time Sheeuan. the chief of Tanunany, has remained silent corcerning his position. Now the telegraph brings the follinving statement f rom John C. Sheehan: "I Lelieve thoroughly in the doctrines of the Chicago platform. I stand just wherc 1 stood in the campaign of last year, and I have do apology to make for tüking this position." When the great Democratie organization of New York city places .tself on record as the true friend of silver, the claims of Ihe Jmrnal that the free silver eatise is dying out meets with refuta tion.

Article

Subjects
Old News
Ann Arbor Democrat