The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-11-11
Win WHOM THE FINANCIAL WIS
n0Ms

| "the bosses must co. This WAS the YER
diet OF the people on Tuesday, They have
nd to the rings that the political prop
erty for which they had, in their opinion,
a patent right, prescripture, for all time to
come, must be restored to the sovereigns to
whom it of right belonged, and who had
entrusted it to unworthy agents, TWAS a
stern lesson and sterniy was 1t ad'
ministered. But the Globe Demo
orat says something more. 1t says
"lhere is nothing in the democratic
party to make it formidable. There is no
back bone to it, 1t is nothing more than
political jelly that falls into the vacuum
caused by republican default. There is a
call for sound financial legislation, The
great problem as TO what our permanent
currency is to be remains TO be solved
| The business and industrial Interests Of the
country are concerned in it. This question
! must be settled by the intelligence and
financial honesty hitherto known as repub-
lioanism." That journal is entirely astray in
the matter of the ability of the democracy
properly TO handle the finances Of the coun-
try. The purchase in 1903 of the great
province of Louisiana from France, and
comprising the vast region, including all
west of the Mississippi river to the Rocky
mountains and north to the British
Possessions, for the little sum of $4,000
900, and also thereby securing the undis-
puted navigation of the Mississippi river
was master stroke OF financial policy by
Mr., JEFFERSON and his democratic allies
The financial management in the treaty
with Mexico at the close OF the war, in the
spring OF lSiS, and which had been naugu-
rated, conducted and closed by the Polk
and DALLAS administration, was of equal
wisdom and saeacity. For by that treaty
of Guadalupe IIidalgo, Mexico was COM
PEELED to cede to the United States all the
immense territory now comprised in New
Mexico, Utah and California, for the insig-
niicant compensation of $40 100000, And
let it be borne in mind that both these
financial transactions were opposed TO the
bitter end by the opposition. on
the other hand contrast the wis
dom that just after the war
paid 100000 for the bleak, drear and un-
inhabiable Alaska And again, looking
at the public debt of the country, we find
that Mn. ADAMS administration left the
country in debt in 1901 some $S3,000,000;
and in 1885, when Mr.. VAN buren, took
charge that debt had been reduced down
to $37 ,5l3 All this under democratic adj
ministration in 81 years time, save the
four-years term OF the younger ADAMS.
Besides, in the interim the country had
waged war with the Indians, with Africa
and with Great Britain. And all
this time, under low tariffs, the
country was never more prosperous
and happy and respected. From 1885 until
the civil war; the public debt was kept
down, and in 1860 it did not exceed 10000
600; and this embraced all the expenses of
the war with Mexico for three years, de,
Quoting the Sl500O,0O0 paid to that country
for the territory as aforesaid, Under other
regime there is no telling to what amount
this nation might have been involved. And
now what is seen as soon as the republican
party got possession of the govern.
ment in 1861? AT once these states
are embroiled in civil war which
might have been avertcd by calmer
councils that in previous difficulties had
prevailed under democratic administrations.
An Indebtedness of nearly $4,000, 600 600
was piled up. Taxes became heavy, oner-
GUS and cxorbitant, A tariff, the most
| iniquitous in its nature and effects, was
saddled upon its people; and millions OF
dollars were taken from their pockets TO
pay unnecessary oilice-holders and ad.
| minstratlon tavorites. And all this
policy, with its political assessment
methods imposed rclentlessly by the bosses
the people arose the other day in Their
| might and rebuked. These official bosses
from the SKI supreme court to the HUI
BELLS and the Others, had grown rich aud
dictatorlal under the regime and system
and the financial one.sdedness that begot
all these monstrosities. And yet tn,
Globe Democrat presumes to say 9Th,
question of the business and industrial in
dustrial interests of the country, involved
in the financial problem must be settled
by the intelligence and financial honesty
hitherto known as ropublicantsm !" VIVA
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