The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1888-04-21

tional Bank notes, we have grand total Of
idle money of upwards Of 1880, ,OOOCoOp
Having thus clearly pointed out
the condition of the national treas
ury, existing as result of over
taxation, the circular proceeds to
state that it is the duty Of the Adj
ministration, if warrant is found
in existing law, to apply the sur
plus to the purchase of the Govern
ment bonds, and if such warrant is
not found that Congress should at
once pass law under which the
purchase Of bonds could be pro-
ceeded with. 1t is to be noted that
no bonds are now falling due, and
they can only be secured by pay
ing extravagant premiums for
them. Doubtless under the pres
ent condition of affairs, as temp
erary expedient for returning into
business channels the money al
ready l6ekediup in the Treasury,
this plan mayooffer some attrac-
tions over the only other one avail
able--the lavish and wasteful ex-
penditure of the surplus by Con-
gress in the several methods pro-
posed with which the country is
entirely familiar. But it will
strike the reader that the benefits
will accrue directly to the weather.
class of people-those who hold
government bonds as an invest
ment-and that it would be a con-
siderable time before the general
business of the country would re-
ceive any impetus from this plan
Of surplus reduction. Doubtless
the Messrs. Fisk would quickly re-
spond to the scheme, because their
operations are chiefly confined to
the class who hold bonds and deal
in stocks, and they would immedi-
ately have q large amount Of funds
placed in their, hands for new in
vestment. liz ooa a.
But the general public, as stated,
while the scheme may have some
advantages as mere temporary
expedient to reduce the already
existing surplus, there is nothing
to be said ip its favor as a perman-
ent governmental policy, while
there is much that can be brought
against it. q ."
On the other hand, there is a
policy growing in favor with the
people every day that promises to
deal with the surplus problem in 4
far more direct manner, and the
benefits of. which will be felt quite
as quickly by the poor as by the
bondholders and spectators. Tha'
policy is to- abolish surllus taratio,
and the indirect paying of tribute
to monopoly, through the reduc
tion of the tariff. "If a well hearty
and strong man should suddenl.
lose quart of blood, ana eacl
month, blo9a should dribble, drib
BILE from bis, veins" why the very
first thing that. t.Mould be done b.
any sensible person would be t.
stop the 'dribbling' and it should b.
permanently stopped. This is tn
Democratic policy in relation t.
the surplus problem, and is tn
only sensible plan that commend
itself to the intelligence of thu
country. ~
, There has been quite enough o
blooi-letting on the part of mono
! polists and bondholders from tn,
taxpayers OF the county, and tn
signs of the times point to the fac
that the end has been reached
The Treasury surplus is only
tumor on the surface, dangerou
, enough of itself, it is true, that j
indictive Of disease that is play
?. ing havoc, with the welfare of tn
people. To stop the blood-letting
. to correct the disease, to remov'
the excrescepce that has manifest
: editself, to build-up and restore TIN
Q patient, is theaamission of Dem
: Ocracy through tariff reform-th
Sny snnasioSa taat ssfedu thsa ai"
- !. fronts fronts the country commend
8 patriotic, endeavor.
ttf-J4T z
r Legal Notice.