Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1892-01-25

laster supposston, Wall street al least
sees aaeEneF side War coasc have no
lad effect ca the national credit for
the losses and costs would have 60 De
pad ~ Chill. and L they proved larger
tnan our fractions little uelgabor vas
able 70 pay, they would sui be %
SNAIL IA proportion 70 cur resources As
% produce 10 eject upon the fR4se.as
status OK the government, and would
cnly al tbs more stfskingiy exhiblt
the power and greatness OF tie Fepub-
lie. The national eKhlaratl "a snd the
large naval and military expenditures
soeld however, have 4 tendency -
develop activity ia esFtain branches OF
justices, and the effect on Wall street
would be 20 stimulate speculation.
Some surprise Is felt that, ia view Of
the unprecedented amount OF our cur
rent exports. aad the relative mOdeEa-
tod Of cur imports. geld should not
be eoming ia from Europe. 1t e not
sufficiently considered that tins IS =
season OF the year when = great deaf
Of liquidation OF cur fcreign obiIga-
tons Is always IN process, which almost
Invariably turns the foreign exchanges
against as and Is Liable 10 produce ex-
ports Of gold. Currency IS stll aecu-
mulsting in large amounts IN the Eew
YORK banks, and no doubt is enter
tanned anywhere of money remaining
abundant here until next harvest.
TWO voRraY - PATRIOTS.
Holman's buncombs resolution II
gwen the literal meaning Of English
words. VIII prevent the appropriation OF
q single dollar beyond what's necessary
todefrsy tue currentsxpenses ofthe gov
eminent. Not a dollar for rivers ami
harbors, for our navy, coast deienses
or any work OF pubic Improvement can
be appropriated; yet on The heels OF
tina piece of buncombe, the tive-cent
house provides clerks for all the house
committees. These clerks draw SIX
dollars per day for seven days in a
week. Most OF them are assigned to
committees which seldom if ever meet
and during a session of congress they
do not devote days time to legisla-
tive committee work. Mr.. Holman as
we'll ss sill the other democratic men,
bers will take copy OF this resolution
home and exhibit the same to the dear
people as an earnest of their virtuous
intentions in the direction of
economy. Mr.. Dockery attempted
20 score point against the
republicans of the last congress by
making statements rejecting upon the
financial credit OF the nation. He IS
either fool or knave, for within easy
access were tho figures proving every
one OF ms assertions to be false in every
particular. Ia his speech he conveyed
the impression by pretty direct state
ments that there was only 20,000,00
available cash in the treasury when, in
fact, there was SOS, 900, 900 to the credit
of the disbursing officers, and the Sec
rotary of the treasury could at that
time have drawn his check for $780,
So, 600, so that MrsDockery was only
one hundred and seventy millions OF
dollars "off" in his statements re-
speeding the "looted" treasury. Again
this very accurate gentleman stated
that the receipts of the government for
the six months ending December 81,
1891, fell short of expenditures $273, 900
an utterly false statement, for the rev.
enues for that period amounted to
STATS, 900 and the disbursements for
the same period were Sl67, olS,0 lear-
ing net excess OF receipts over ex-
penses of $7,10O, 900. The exposure Of
Mr.. Doekery's trickery and dishonest
statements has been most complete and
humiiasing. Still he is no worse than
his party.
II will no r,oezincr 4 apca If the nav