Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1892-01-20

at will surprise many to see that the
actual circulation increased during the
last fiscal year, notwithstanding the
heavy exports OF gold. The increase
in the months July-Decemb inclu-
sive. 1890, had been greater by SO $780,
000 than the decrease during the months
JanUary-June, 1881, although in the
latter months the greater part of 49,
600, 900 gold went abroad. Obviously
the circulation was not coJrespondingly
diminished when gold was exported,
first, because additional supplies of gold
came from the mines every month, and
second, because treasury notes and
other kinds of currency were also sup
piled In large amounts to take the place
of the gold exported. But when these
other causes Of increase are in tull
operation, and gold also comes in rapid
ly from abroad, the circulation expands
largely, almost $1,000 coo during the
last half of 1890, and about $50 900, 900
during the last half of 1891.
1T would be good thing for the
country if Democratic and Alliance
members of Congress could be required
to pass critical examination in these
official records regarding the currency,
and debarred from voting on the sub
iect until they could show a decent
half of the year that currency is es-
pecially needed, because the movement
of the crops then calls for more than at
any other time. In the seven fiscal
years prior to Mr. Cleveland s Inaugural
ton the increase Of actual circulation
outside the treasury during the last
half of these years averaged $685.,
go 600 each year. During the four
yeers under Mr.. Cleveland it av-
eraged only $40, $780, 900, and IN the
last half Of 1885, his first year, showed
a decrease. But in three years under
the present administration the actual
increase of circulation during the last
half year has averaged $40, 600 600 each
year. 1T is not assumed that those are
right who insist upon mere increase of
currency as the one thing needful.
But if. they have any right on their sid
they ought to know that Republican ad-
ministratlons have been able to enlarge
the circulation greatly without endan-
gering it's soundness, while Mr.. Cleye-
lands administration began by con-
tracing the currency IN a lit of appre-
hension, which had no other founda-
ton than the fact that Democrats were
IN power.
Sherman, the GRAND Old Statesman.
legislature performed grand work N
the denomination Of John Sherman for
the United States Senate to hold from
March 3, 1898, to March 3, 1899 This
result, which ensures his reelection, will
carry Joy to the Republicans through
out the Union, for there is not state
in our republic where Repub-
lican casts vote, which does
not realize that John Sherman
has become an essential leader in
| the United States Senate at 2 time when
grave events are pending. The now
manifest effort Of Gov Hill to steal the
presidency of the United States by rev
authorizing the mode of choosing pres
| idential electors in the state Of New
| York demands that statesman of such
| varied experience, such patriotism and
such comprehensive ability as John
| Sherman should be kept in great pub
| lie position where his utterances can be
daily heard by all the people of the
| United States.
If Senator Sherman lives to complete
| his new senatorial term, he will lave
served forty-four years in great national
| positions at Washington, we think 6
| longer period than that ever before al
| lotted to any citizen of our country. The
| people hear deal about British con
servatism, but the Republican people Of
! the United States stand more steadtastly
| by their faithful public servants than
even the monarchies of the Old World
1t is not merely the long period of serv'
| Ice of such man as Sherman under the
rule of the people that we commend
but it is matter of still higher praise
that all this time he has been free
man in the grandest sense of the word
| has voted in accordance with his con
victions, has preserved his dignity as 6
senator and as man, and therefore has