Watson's Magazine, Vol. IV, No. 1, March, 1906Various
General
Watson's Magazine, Vol. IV, No. 1, March, 1906
Various
United States -- Politics and government -- Periodicals
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._
* * * * *
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