The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-05-25


ward to the government, and this power
had been literally exercised by the pres
ent administration In loaning over 500, 000,-
600 TO such national banks as found favor
In the eyes OF the Secretary OF the Treas
ury. MIR. Stewart referred in the same
connection to the purchase OF bonds at the
enormous premium OF over q per cent
from persons unknown TO the public, but
presumably well known 10 tho cxecutive;"
TO the discretion lodged with the executive
(but not properly exerciscdl TO purchase
and coin not less than &, 900 900 nor more
than -, 900, 900 OF silver per month, and TO
tho ruling OF the treasury department in
matter OF the importation Of lead ore,
under which ruling lead ores were admit
ted that were mixed with gold and silver,
tho government thereby losing vast
amount Of money that somebody
was gaining II would be interesting, he
said, TO exhibit for the consideration OF the
people the various rulings and discrimina-
ton of the treasury department whereby
special privileges were granted, and NOR
chant princes were created in the great
city of New York and elsewhere nj the ex-
pensc OF the people" But he only de-
sired TO show the "almost unlimited dis
cretionary power exercised by the execu-
tive TO benefit his friends and destroy his
enemies" AS examples Of this "cxtraor-
binary power" he referred TO the liti-
CATION OF private land claims in Cali
iornia. 10 the raid OF tho Attorney
General ON the Bell Telephone company,
and 10 tho treaty.making power which
might be used TO advance the ambitious
projects OF tho executive. All these
things, he said, might DO rcmediod or
checked by legislation, and the liberties OF
the people might be guarded by law II
Congress had power TO lcgislate against the
will OF the executive. No one denied Mr..
Cleveland's absolute ownership Of tho
Democratic party. Before reaching Wash.
ington he sent word 10 tho Demo-
cratic members Of the House 10 discard
one OF the precious metals, and in all
things 10 do tho bidding Of Wall street.
Tho refusal of patriotic Democrats 20
abandon their constituents and Join the
golden bondholding ring, challenge the ad.
miration OF the county. Tho House Of
Representatives had seemed 20 be fort
ress against any assault from Wall street.
But Il had fallen. With wayo OF the
hand Of Grover Cleveland, that body was
paalyzcd 10 that Il could not utter the
word "silyer." Al that rate, the growing
power Of "this man OF destiny" hal but 10
continue unrcsisted for another term OF
four years TO NO intronch Grover Cleveland
In the White House that nothing but rev.
olution could remove him. Never before,
In the hands OF ono man, had such vast
power and resources been entrusted by
conilding people. II remained TO be seen
whether the President would bo able 20
fulfill the expectations OF the Washington
Post by initiating Napoleon and crown
himself, because he regarded all others
unworthy TO perform that service.
The exercise OF the great natural force
with which the President was endowed,
was concentrating the whole power OF tho
government In the executive, and II not
restrained Il would ultimately lead TO a
monarchy. The people admired courage,
independence. audacity and will. These
| qualities werc possessed In high degree
by Mr.. Cleveland. While they were guar.
antcea Of personal Bucccss, they were dan
gerous 10 popular liberty. They were IN,
qualities which always increased executive
authority at the expense Of the people
Tho selection by Mr.. Cleveland of the
money kings aud arisiocracy OF Europe
aud America as his allies, proved his sa-
gacity and showed his appreciation Of tho
Necessity for the Use OF money In accom-
plshing his Napolconic schemes. ii such
associations did not arouse tho people 10
action before Il was too late Il would DO
because the bodncs and daring Of this
man Of destiny" dazzlcd and blinded
them.
The presiding officer announced the APP
pointmcnt Of the select committee 90 cx-
anime into all questions touching the meat
product OF the United States, as follows
Senators Vest, Plumb, Maudcnon, Gull
Ion and Coke.
Tho conference report on the pension
appropriation bill was presented aud
agreed 10.
After AN executive session the Senate ad.
| iourned.