The Somerset herald. [volume] (Somerset, Pa.) 1870-1936, 1888-10-24

Taxing the Peoole's Bread for 20
uticai Capital.

EpTroK HERkLD-There are two way in
which the government. that has c surplus al
its disposal. can make money plenty. The
6rst is. by meeting its obligations to the Peo-
pie, calling in It's bonds, Pensioning is in
disent soldiers, and making appropriations
for pabnc improvements
Money expended in his way, falls into
the legitimate channels OF business. where it
flows on naturally paying debts employing
labor, promoting industry, aud doing good
The;endcney Of such a financial policy is To-
ward a normal, and permanent national
prosperity.
The other way Is, to lend the money to
speculators, who Use il to create n in
staple commodities ievyins heavy taxes
upon consumers, and producing a brief and
ieyerish commercial activity, which i fol-
loved by financial depression, panics and
disasters. This method differs from the first
as q cloud burst differs from q fruitful show
e.. The trainers Of our national eoaslita-
ton seem to have ioreseen TIE possibility Of
such misuse Of public money, when they
gave Congress the power TO borrow money
on the credit OF the United States bat no.
where. either directly or by implication,
sanctioned the lending Of money BY the gov
eminent
The Democratic party, which has always
been scrupuiously conservative Of az evil.
such as slavery. was involved on the 9TH
er hand. is never radical, except when il is
radically wrong. The iealers Of the party,
who could end no power N the Constitution
70 ooerce a State when the disme,nber-
ment Of the Union was ihrea;ened, o find
no CONSTITUTIONS difficulty in the way when
the Democratic Secretary Of the Treasury
lends s5s).Oo0 go 70 the banks. without in
te-sst on this be has acted without author
~ or preceieat. and apparently without a
reason bas 4 little deeper scrutiny Into
the affair unmasks the motive, and We are
already experiencing the consequence
By far the greater part Of this SGo.05oOoo,
Z has fallen into the Lands Of the bulls Of the
wheat market, who have thus been able to
stop the natural iow OF the crop, toward the
centers Of distribution. and to produce an
unnatural imitation Of prices. by levying a
heavy tax upon the peoples bread but the
soeculators are not the only benefciaries II
the scheme; their cupidify IS being utilized
by the party ia power, to hold out a brbe TO
the wheat growers ofthe North West to sup
port them.
The 50. 10000 i sop thrown to grangers,
who are somewhat dubious Of the benefits Of
protection, TO induce them 10 support the
Democratic ticket, in the present belief that
the present apxari tendency Of the wheat
market. + q feretasse OF the good times that
f-ee frs.ae will bring to them and Presiden,
+ Cleveland who has been shedding crocodile
tears over the burdens of the people, result
ing from a protective iariG not only con-
sents 20, but actually abets the imposition Of
a tax Of from - 70 80 per E n on every bar
nesoFaour. and every loaf Thread, ccnsum-
ed in this eoanty 80 that X possible be
may gain one OF two Of the North Western
States, TO make god tie loss Of Ne~ YORK,
ifshe Republicans should carry il in NoTem
Der. PHccsoS.