Search America's historic newspaper pages from 1777-1963 or use the U.S. Newspaper Directory to find information about American newspapers published between 1690-present. Chronicling America is sponsored jointly by the
National Endowment for the Humanities and the Library of Congress. external link Learn more
Image provided by: University of New Mexico
Newspaper Page Text
THE EAGLE: WEDNESDAY, MAY 1, 1895. She afile." Published evory Wednesday Morning by A., J. LOOMIS. Entered nt the postónico at Silver Olty, N. M for transmission through tho malls at second class rates. Office on Yankle Street between Texas and Arizona Streets. Advertising Kates on Application. Subscription Ruten, Postage Prepaid: Ono year - - - - 52.00 Six months - - - . j.oo Three months ,ío SI LVERCÍTYÍ Í1.. MÁ ÍT"ltÍ& Silver .G6 Lead 2.95 THE BOND QUESTION. The Enterprise seems to bo inclined to pooh, pooh the idea that it will injure tliia town and county to lie advertised as a ronim unity of repudiators and in this it displays about tho same degree of foresight that it usually displays in mat ters of public interest. Ono of the lirst fruits of such a course will fall right in our midst and that in a very short time. But little over two months ago the legislature of this terri tory voted $10,000 in bonds for the com pletion of the normal school building in this city. In order to get the money to complete this building, which now is in an unfinished stale, it will be necessary to sell the bonds voled by the legislature in aid of one of the most worthy of terri torial institutions, and it is needless to remind any one who has the slightest knowledge of transactions of this kind that if this town and county get the rep utation of being in favor of repudiation, the negotiation of these bonds will be an impossibility. It may be that the En terprise would like to see the normal school crippled and, indeed, the course of that paper for thr past few months would indicate that such is the fact if it may be presumed that tho editor is aware of the result such a course as has been pursued by that paper will inevit ably bring about. The establishment of a normal school here was effected only after years of effort and it is exceedingly questionable if it is good policy for one of the papers of this city to advocate and insist upon a course which will result in making the bonds voted by tho legislature absolute ly worthless. It may also be remarked in passing that the normal school is not the only institution in the territory which will suffer on this account. Bonds were voted by the legislature for the restoration of the capítol at Santa Fe, for additional buildings at the agri cultural college, for the insane asylum and the normal school at Las Vegas and all of these bonds will be equally af fected. To say nothing of the honesty of the course which is proposed by the Enter prise, it is contrary to the best interests qf the people of Silver City, Grant coun ty and the territory of New Mexico. There is nothing to bo gained by the course and there is everything, includ ing honor, to lose. We do not believe that any considerable portion of the re sidents of this city are in favor of adopt ing the course which has been mapped out by the Enterprise. However fool ish it may have been to issue the bonds in aid of the construction of the railroad, we believe that the residents of this town and county are not so short-sighted aa to repel the investment of capital in New Mexico. Wo believe that the people are in favor of education, of ad vancement and the development of the country and people who are in favor of these things are not in favor of destroy ing the credit of the territory by advo cating repudiation. there is hardly a probability that any of the democratic state conventions in any of the states in the west and south will favor the gold standard. Silver men have every reason to believe that the in dications are very much in favor of tho democratic national convention next year coming out squarely in favor of sil ver. The fight is being made just where it ought to be and that is within the ranks of the democratic party. Should such a stand be taken it is certain that there would lie some democratic votes lost in the east, but this loss would be more than made iip in the west and south and it is by mo means certain that Pennsylvania would not give a good majority to a free coinage man on the democratic ticket. The voters of the country are beginning to think on the silver question and if they will do some sound thinking there can be but one result. WILL WIN THE FIGHT. It is now conceded that the silver men will gain an easy victory in the coming Illinois democratic convention. The gold men have looked into the situation enough to see that they will be hopeless ly beaten and now they are going to let it go by default. John M. Palmer, cor poration counsel of Chicago, who is a 8tronggold man, said last week: "The I sentiment in favor of the free and unlim ited coinage of silver at the ratio of 16 to 1 without international conference . or agreement, seems to have taken com plete possession of the democracy of Ill inois outside of Cook county. I confer red with men of all shades of opinion upon the subject, with republicans as well as democrats. I talked with repub licans, because sometimes lookers on see more of the game than tho players. I met old friends with whom I could talk confidentially and got tho impression that while there Is a very strong and re spectable sentiment throughout the state in opposition to this currency theory, yet the opponents of 16 to 1 are without organization, and apparently without any ambition to succeed, and are singuarly ailent.whilo the silver men are vigorous, active and aggressive. It seems to me utterly impossible that the opionont8 of 16 to 1 silver, should they take part in the June convention, could make any serious impression. The con vention will unquestionably declare in favor of 16 to 1 without conference with any nation. We, who oppose that view, although there, are some differences of opinion among us, will, as a rule, take no part in the convention, nlthough in some counties delegations will be sent composed of leading men to repre sent both views wholly irrespectivo of the sentiment in the particular locality." The moral effect of tho action of tho Illinois democrats will be great and Eastehn beef eaters are complaining about the high price of beef and are wondering why they have to pay so much a pound for it. Tho reason is very plain. For a number of years cattlemen in the west have been doing a losing business. Many became dis couraged and for tho past three or four years cattlemen have been shipping their stock cattle east and going out of the business. The result is that tho ranges have lieen stripied of cattle and now the supply is not nearly equal to the demand. High prices for cattle are likely to continuo for tho nxet three or four years, or until tho ranges become stocked again. It ia surprising to see the politicians falling over one another to get to the front on the silver question. Not a day passes that some prominent politician does not announce publicly that he is of the opinion that the ono thing needed by this country is the free and unlimited coinage of silver. These recent converts are likely to be more demonstrative than the men who have been advocating the free and unlimited coinage of silver for years. Converts will bo made by tho tens of thousands between now and the commencement of the . presidential campaign next year. Sihi.ky is coming west again in a few days. Since he made his silver Bpeeches in Denver all of the people of the west have been anxious to hear him. Tho people of the country aro getting to admire him and the masses will de mand his nomination for tho presiden cy next year. Tim Albuquerque Democrat has shown a marked improvement in every depart ment since tho change in ownership. The paper is now a credit to the territory.