Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1889-04-05
THE OUTLOOK.

THE OUTLOOK.
When slavery was abolished, us n result
of the late civil war, Andrew johnson, who,
as is well known, was uncompromisngly
opposed to secession, predicted that the
slave power Of the South would simply he
transferred TO the bondholders of the North,
and that the accumulation OF money by
means of Federal bonds and correlatve agen-
cies, would be u much more formidable
power than any combination Of political
forces ever known in this country.
Nearly quarter Of century has passed
since then. Most of the great leaders on
both sides of the horrible internecine struggle
have passed away, but Johnson's prophecy
has been painfully fulfilling to the present
hour. The bonds were purchased at first at
Is per cent. below par, with greenbacks.-
The interest, per cent, 6 per cent, per
cent, was payable in gold, and the princi.
pal itself was redeemable in that coin All
Of the higher rates of interest have been
called 10, but more than six hundred mil.
lion of the fours are still out and have sew.
easeea years to run.
No one Of moderate means can afford to
hold the fours, and consequently most of
these millions now out are in the hands of
rich men, many Of them millionaires Be-
sides the Interest which they have been re.
ceving ON the original greenback invest
ment at eighty-tive cents on the dollar, the
government is now buying in these bonds
at a premium of nearly one.thrd of their
face value. These premiums are paid out
of taxation on the people, and ii is not
strange that there should be general com
plant at the taxes and tariff, which to make
the rich richer must inevitably make the
poor poorer.
There are now nineteen miliionaircs in
the Senate OF the United States, one fourth
of the whole number. besides hundreds
more in private lite. With perl,+p. y lew
exceptions these milliJnaires are R.publi
cans. This monieI power will naturally
seek to perpetuate itself, and hence besides
purchasing negro votes, controlling the labor
votes Of mining aud manufacturing com
panies, IL will trespass on the social prerog
atives Of States and direct State elections by
national legislation. This Is the outlook
now, and whenever it shall culminate into
practical reality this country will see the
beginning of trouble, not simply in the
South, but In other sections as well.
This monied power, controlling as 1t does
at present negro suffrage and labor suffrage,
is in the highest sense dangerous and op.
pressive 1t is insidieus, heartless, cruel.
No Conventional Unions can conciliate or
withstand it. STRIKES" no matter how long
continued, go down in the end in dark
cloud Of necessity. The worker must have
bread, and his rich employer knows it,
Money can hold out, but hunger can not
The great misfortune to the lsborer is, that
he cannot yet see that the political party of
bis choice is his oppressor. He does not
see that protection is oil on the side of his
employer. Nor that every vote he casts for
high tariff is simply another rivet in the
shacklcs Of his bondage
When this financial power cannot oper-
ate fearlessly through national patronage,
1t draws dead line between itself and all
opponents. The outs Of the party must be
pat 10, and the ms Of the other party, no
matter how deserving, must be put out. II
this rule were confined to the larger wheels
oil The machinery. IL might be tolerated, but
IL is made TO apply with indecent haste to
subordinates as well as to the heads oil
Bureaus and Departments. The Harrison
administration has been In power one month
and every foreign mission has been filled
by impatient and persistent aspirents. Mr..
Cleveland made comparatively very few ap-
pointments during his first year in Office,
and he was very indulgent towards post
masters, but within the four weeks OF the
new administration hundreds of these Of
ticers have been appointed
The outlook then bodies ne good to Dem.
octats. Many Congressman pledged them
selves when before the people to remove
Democrats TO a man. The Democrats then
must bide their time. There is hope for
them In the near future. Two facts were
clearly developed in the late election. First,
that the country is Democratic. Mr.. Cleve-
land carried this nation by nearly one hun
dred thousand majority on the popular vote
Mr. Harrison is minority president The
other fact is, that Mr., Harrison owes his
election To the manipulated labor vote in
connection with the negro vote Now the
Inference is unquestionable that il the DEM
ocrats could casts one hundred thousand
Votes more than the Republicans against
The tremendous power of monied corpora
tons and negro ignorance, they can with
judicious organization carry the next elec.
ton triumphantly. They have by the force
Of circumstances been made the sshits mans
party. Let them ding the white mans ban.
ner to the breeze-since 1t must be 80, and
march sn to victory.