'The silver politicians have at last perceived that the tide in America running "heavily agains them. Thels "present gloom. contrasts vividly with' the "flamboyant pro ouncements with which they were wont {0 royale the public not so vers long ayo.-In the effort to find an planation of their plight they resort {o the time-honoured practice of dscovering obliquity in high pacts. Mr. Henry Morgenthau is the Wek wirerd of their drama. "He has, apparently, "displayed reprehensible apathy all the way along. Tis fail. ture to recognize the virtues Nevada is no less than his guileless submission to "British bluff. Mr. 'Morgenthau wilt surely derive much amusement from this picture. of his mental and moral' defects; it. will corns as a welcome relief at a time when the Congress is making his Mesh' creep with its ideas of national economy. Yet it Is just possible that hho may be ible successfully to justify the view that his. shortcomings have been rooted in a sound commonsense, alive appreciation of his country's Feal interests and, "above all, "an elementary knowledge of the rudlments of monetary policy.
Text read from the printed page and cleaned; old type leaves the occasional error.