Listen again to this patriotic paragraph: “And in my purpose there is a motive so dominant, and a plan so full of the promise of glorious results for Georgia and the South, that I shall not allow the rigid limits of party lines to tie my hands; but shall hold myself perfectly free to serve my people in the best way that circumstances allow, and as duty directs.”
And nobody will close Watson’s mouth. On that score he says: “One-horse politicians devoted to the ring need not think that their permission is necessary for me to advise with the people of Georgia. Their consent will not be asked. As a Georgian I have a right to be heard. My people came here when the Indians still roamed in the woods, and have been a part of Georgia ever since, serving her dutifully in the time of peace, fighting for her manfully in the time of war. There never lived a man who was more devoted than I to the best interests of my state and of the South. As a Southern man, I resent from the depth of my heart the political degradation into which our state has fallen, and I am going to do my level best to help Hoke Smith redeem it.”—Lawrenceville (Ga.) Gwinnett Journal.
The bankers want more “currency”—so did the farmers a few years ago. At that time it was a crazy scheme—today it is sound finance!—Penns Grove (N. J.) Record.
Senator Depew is reported to be in failing health, owing to the storm of criticism which has forced him from many places of honor, and which may lose him his Senate seat. And this is the witty Chauncey who was wont to laugh away opposition and carry his points so easily! “Great will be the fall thereof.”—Hogansville (Ga.) News.
We move to amend Secretary Shaw’s motion for an elastic currency by striking out elastic and substituting adhesive.—Republican City (Mo.) Ranger.
Secretary Shaw’s scheme for an elastic currency is to authorize the national banks to strike from their notes as now issued the words “secured by United States bonds deposited with the treasury of the United States,” and to issue 50 per cent more notes whenever the demand seems to exist. Thus, if the National City Bank of New York had issued all the notes it could against Government bonds, and a big stock gambler asked for a loan of $1,000,000, the bank would issue notes in that sum, charge him, say 10 per cent, retire the notes when the loan was paid, and pocket the interest in excess of the 6 per cent tax to the Government. Very nice arrangement that for the national banks. Little wonder that Wall Street takes kindly to the candidacy of Mr. Shaw for the presidency.—Rushville (Ill.) Times.