The Daily times. [volume] (Richmond, Va.) 1886-1889, 1888-05-12
CREAM OF THE PRESS.
THs SP1 RKLIgGs IDEAS or THE DAY
F8osf sEARf'- POINTED PENS

| Maryland MISUNDERSTANDING Tor Ingalls,.
Thecoisrnan Pooi-Dsbf Resuefion-The
Voice OF the Empire state-The Bold
Michiganders.
| PLATFORM OF TUE MARYLAND DE-
MocRAcY.-"It is fitting At the close of
the third year Of the Presidential term Of
| Grover Cleveland to acknowledge our
sense of the services which he has reB-
Idered 10 the people OF the United States.
An adverse majority in the Senate has
prevented his carrying into effect those
| legislative reforms 10 which he was
pledged and wl,ch he has so earnestly
desired to achieve, but he has made COM
peNsssioa TO the people for this loss by
his wise. honest and capable administra-
ton To his duties as President. He has
restored TO the people large portions OF
the public domain which ought ALWAYS
TO have remained their heritage. We
will owe to his well-ordered purpose the
construction of a navy sufficient for the
protection of our interests at home or
abroad. lie has above all brought the
public service TO the highest standard of
efficiency, not only by rule and prec pit,
but by the example of his own untiring
and unselfsh administration Of public
affairs. The people, acting through their
respective Legislatures, win bring the
Senate 10 his support. With full sense
OF his personal and political merits and
power for future influence, we declare
our preference for Grover Cleveland as
his own successor In the Office of .Presi.
dent of the United States, and we in.
struct our delegates to the Convention
at st. Louis 10 cast their unanimous vote
for him as Democratic candidate
for the Presidency, and 10 vote as a
unit in all matters which pertain to the
business of that Convention.
National taxation ought to be limited
to the aggregate annuatsum needed for
the following purposes The interest on
the public debt, with adequate provision
for the payment of the principal at its
maturity; for the payment OF pensions
granted by the United States, and to pro-
vide means for all necessary expenses of
an economically administered Govern
ment Unnecessary taxation is unjust
taxation and ought not 10 be longer toll
Grated.
| A VGsIoN-What vision is this, says
the New York star
"Now we have a Republican nOmina-
ton worthy of the present condition and
aims of the Republican party. The Re
publican Convention Of the State of Kan
sas has instructed its delegates 10 secure
the nomination by the National Conven-
ton at Chicago OF John James Ingalls, TO
be the President of the United States.
Blaine is feebly mentioned as second
choice and last resort, but 1t is to ingalls,,
the defamer of Mcclellan and Hancock,
the apologist for his own outrages on the
sacred memories of our most gallant
dead, that the heart of the Kansas Repub.
licans goes out.
They admire, nay, worship Ingalls,. He
embodies what they long for-proftable
control of public affairs, in the time Of
profound peace, in the hands of men who
never fought, but who desire to live on
the memories of war"
The New York Times In speaking of
the great Coleman pool" in California
says "the ''cornering" of food supplies
may be an American industry" but no
one will say that it is one which the peo-
pie ought to protect and encourage by
legislation. This firms aim was to pre-
vent competition in the sale Of certain
products and to control the disposal Of
them by monopoly organizations OF one
kind or another. II lost money In the
raisin and salmon corners" but it is
stated that the profits oil its DO.
rax business were lerge- 1t must
have been leader in the forma-
ton of the Borax Pool or Trust, which
includes the sixteen producers Of the
Pacific Coast and which has recently
raised the price of borax about 40 per
cent,
SPECULAToRs.-A rather remarkable
ILLUSTRATION of the manner in which
Congress Willingly or unwittingly, plays
into the hands Of spectators, is
furnished in The case of the Union
Pacific Railway Company legislation,
concerning which has ben pending
in Congress for the past four
years. Two or three times the House
has been on the verge of decisive vote,
but In each case it has been STAYED off by
the tactics of a small knot Of stock opera
tors whose interests lie in keeping the
relations of the Government with that
company unsettled, and the stock as a
football In the market, 1t is not ne
cessary Inference from this state OF
things that Congressman themselves are
interested In delaying a settlement on
account OF the peculiar speculative oppOr-
tunities the existing conditions Afford
N. Y. San.
DEBT REnUoTIoN. - In accordance
with the resolution of the two Houses of
Congress the Secretary of the Treasury
has within the last three weeks redeemed
$40, 512, $50 of Government bouds not yet
due. OF this amount 81, $50 was in
Al per cents due in 1891, and SO 800, 600
lin per cents not due till 1907 There
still remains of these loans $952, 473, $50,
of which $726,12e000 belongs to the
series of longer date. The price paid for
the Al per cents was averaged at 1O7, while
the per cents were redeemed at 1876.
Although the total premium pail
amounted to upward of $4,000, 900, the
saving to the Treasury In these financial
transactions is about $500, 900 in stop
ping payments of interest. There can
be no fair adverse criticism, then, upon