The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-09-19
THE HOX. JOHN L. t. sNEED.

The communication CT the Hon
John L. T. Sneed, candidate for United
States Senator, printed eisewhe e,
is wo tn all The space we give 1t ard
all the time it will take carefully 10
read and candidly to consider it
Judge Seed has teen factor in the
politics OF Tennt ssee for over thirty
years, and lie is ttill q leader o. opin-
ion and action, and his large expe-
rience makes his opinions OF value as
to the questions which lave grebtsst
lold upon the thoughts and VOTES oil
he peope. Asa distinguished leader
ind chi mpion OF the old Wing party,
Judge Sneed is familiar with the ut
terancss Of Henry Uisy, and it viii
be seen that the position he assigns
the great Kentucky oommoner Is
nearly in accord with the views OF the
Democrats OF the present day on the
questions OF tariff and the dangers Il
corruption and extravaganza likely to
how from large surplus in
the Treasury. Judge Sneed dis
cusses the great questions OF the day
with the wisdom and philoophy OF
the statesman and in choice En-
glish and fine literary taste. ii s
figures as to the amount oil
the national debt and the facilities Tor
its early extlDguishment will be read
with interest aud satisfaction. de
shows that only Sl1,772,Sj0 are held
by foreign capitalists, which is a
tribute to the wealth of the country,
end will be most gratifying as the inn
preston obtains that most OF the
national debt was due capitalist,
abroad and that the interest thereon
was 30 much circulation taken from
the United SAFES and thereby injuri-
GUS to all the g'eat business interests
OF the country, At the end OF the last
e ical year Mr.. Cleveland's admins
tration had so greatly reduced tie
national deb that by the end OF
his term we may expect 1t to
have shrunk2 TO the billion
line again, and, following past
examples, the Democratic party may
confidently go before the country and
be- Endorsed on the rec ord OF reduced
debt. To this end wise politicians in
The Democratic party will bend the
energ.e s Of the organization. 1t is
within reach of possibilities that a
second term for President Cleveland
will nearly wipe out the national
debt, and the enormous resources
taxed out OF the toll OF the people will
be turned into other channels, TO the
great benefit Of the country. There Is
always some allureuent to lush ex'
penditure Of public money. People
Of city want public buildings and
other improvements, and there is q
great temptation to ConVressmen
10 secure local strength by pool
ing their strength for such appTo'
prlations. But let us get this
burden f7dsBt out Of the way.
Let us be just to the govern
ment creditor and the taxpayer before
we go wild for a policy OF generosity
toward localities. There is fair and
proper party advantage in what favor
would follow extinction, practically, o'
the debt in eight years Of Democratic
rule. 1t would be remembered fol
generations to come, aud the party
would get from II strength which
would be hard 10 overcome. To ee
cure an end 30 desirable the Federal
expenses must be kept at the lowest
figure consistent with proper admins
tration. Useless offices must be Topped
of aud useless salaries curtailed. The
people will gladly bsar even the pres
emit rats OF taxation in the belief tina
. its purpose is to present our Treasur!
as the only great exchequer in tt,
world that is free from debt.
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