National Republican., 1888-01-07
"a Paralysis of Trade. +"

The Boston Globe, q thick and thin Demo.
cratic newspaper, Gays;
Tie treasury statement for Decemb!r shows
that the government collected from the people
last month surplus of about sl5, ,OOO This
enormous sum is needlessly taken from the
people Of this country in oso month. fnagi-
ne,ion fails TO trace tic yearly waste at thl,
rate. No other people on the face of the earth
could endure such loss Of blood-for wealth
is the blood that g rculates through the veins
ard arte rics OF Eadc-without perishius from
sheer weakness It is becauc this country l.
the s,r2EEest on the globe because It's vital re
soSsts far exceed those of any other uatlOa-
that 1t is able to bear ~ under this loss af.er a
fashion. If the boarding OF this surplus Is
continued ana aggravated from month n
month, there can be but one result-paralysis
of trade.
President Cleveland aud the Secretary OF
the Treasury both notified the forty-nnth
Congress that the revenues were 10 excess
Of the expenditures, and that some methods
should be devised to lessen the revenaes.
The House of Representatives alone can
originate revenue bills. In the forty-ninth
Congress the Democratic majority was
over forty In the House, and no heed was
taken OF the Presidents recommendation
no methods adopted to reduce the income,
although bill to remove the tax on to-
h2cco, and another to remove the duty on
sugar could have been passed through
Congress In day. These two acts would
have reduced the revenue so that there
would now be no surplus. The Democratic
UouSe is responsible for Mc accpnt WlatiOR in
tie treasury.
The constitution vests the Pres ident with
full power to convene Congress In any
emergency. When the forty-ninth Con-
gress adjourned without having even made
an effort to reduce the revenues, President
| Cleveland was fully aware OF the fact that
large surplus was bound to accumulate
before the meeting Of the iftleth Congress.
He and he alone had power to convene
| Congress prior TO the 4th OF December, and
| lay before that body the existing facts
President Cleveland, with the example OF
Democratic predecessor from his own state
before him, under precisely similar clrcum.
stances, refused and failed TO summon Con.
| gress.
President Cleveland, by his refusal to do
what Martin Van Buren had done, accepted
the responsibility Of allowing millions
| upon millions to accumulate In the treas
| urN, thus decreasing the currency in clrcu
latiop, deprGclating values 20 an enormous
ey'ent,and almost preclpltatIng "a paralysi
Of trade" THyOugh hM ort Prcsidelh
G0C'dUd Is rcpo0siJle Ior tie Hrpi9 in
| Mc trc0spV.
And President Cleveland Is responsible
for other reasons. The laws ia existence,
made by Republicans provided methods by
which the surplus could be used, aud the
President refused to use these methods
The loss OF blood OF which the GiaJc
speaks has gone on ultll the nation is weak
and tottering, and neither the Democratic
President nor the Democrat, House pay the
slightest attention 10 the condition. Con
gress convened more than month ago and
the Democratic House is not yet organized
for business, whCu II ought to have baen
ready in forty.tight hours after the sessIon
| began.
The people can see by these facts who Is
responsible for the condition which the
GiObe says must soon result in ga paralysis
Of trade.n The effort is made by Demo.
Gratis to hold the Republicans responsible.
because the laws in existence under which
the revenues are collected were enacted by
them. But It is a sham pretense. TIE ~
SpoHSiJHtyrCis on the Democrats.
Months ago the NATIONAL REpUBLIcAN
charged upon the administration a con-
spiracy to gorge the money IN the treasury,
and then demand as plan Of relief the de.
structIon of the protective system Of the
country. The constant attacks Of the