The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1888-10-31

interest. under the guise OF deposits, to whssn
he pleased. and place them " here he pleased
Was there ever senator or Representative bold
enough to vote for that measure? And yet IL 10
precisely what Secretary Fsirchild Is now doing
with the surplus In the Treasury. And all
this. too. I'm the face OF Mr.. Cleveland's own
pointed condemnation of such practice in his
message to Congress in December. 1887. when
he said
-Ths proposition TO deposit the money held by
the Government In banks throughout the coun-
try for use by the people ia, 10 seems to me. OK
ceedingly objectionable In principle, as estab-
fishing too close relation snip between tho
operations OF the Government Treasury and the
business OF the country. and too extensive q
oommingling OF their money, thus fostering an
unnatural reliance in private business upon pub
lie funds. IL this scheme should be adopted IL
should only be done "a a temporary expedient to
meet the urgent necessity. The legislative and
executive efforts should be in the opposite drec-
ton. ana should have tendency 10 divorce. as
much and as fast as can safely be done. the
Treasury Department from private enterprises. I"
o. Lastly, the Republicans arraien the Pres
ident for n deliberate attempt to destroy the
protective system of this country by using
against IL as argument its tendency to pro-
duce surplus in the Treasury, when not one
dollar Of surplus would be there IL the money
had been lawfully expended in reducing the pub
lie debt instead Of being loaned out TO pet banks
and for the benefit Of political fasortes. The
friends of the President, apparently authorized
by himself pending his election, gave the people
OF the United States pledge that the Demo
cratic party would not, during his admnistra-
1t therefore came upon the people genuine
surprise when the President charged the pro-
tectiye system with being the cause OF tho sur
plus which had been industriously accumulated
to the neglect of grave duty as have described.
The pretense that there was no authority to
buy bonds a. n premium was long ago exposed
in both houses OF Congress, and the people now
see that money loaned for an indefinite period
TO Mr.. Jordan's bank in New York, placed In
the Covington banks 10 aid tho election of Mr..
Carlisle, ought long ago to have been used for
the purchase Of United States bonds and the
reduction of the public debt.
In my judgment the people OF the United
States are not to be hurried into free trade by
panicky cry from the President or Secretary.
Too many great interests are dependent upon IL !;
interests of capital and labor; interests In the
East, in the West, In the North, and in the
South-great interests common TO the whole
Union. L shall not tonight argue the question
further than to arraign the President for precip-
itating It IN unprecedented manner and for
having used extraordinary means to create pref
udice against the protective system, and with
deusive arguments to commend the destructive
theories OF free trade TO the people. When I'M
derstood by the people the Presidents method
Of approaching the question will strengthen the
cause OF protection and not weaken IL. and will,
in my judgment, in the end prove one OF the po-
tent causes OF his defeat at the approaching
election.