The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1892-09-08

N y
N [ IUA of former Demo
AS- ~ Gratis? When yo
XIH(S> ask them the
@T<Hnh reasons, they al
~ ~ u iii either puerile, c
|lAleSASW- inapplicable.
--- In the pay {
Wall street" is favorite one, yet ther
IS nothing to support it. 1t is tru
that the buying of bonds before the
had matured, and the depositing O
part OF the treasury surplus in th'
banks are given every time as proof
positive that he was and is dominated
by the money power Yet, to reason
ing mind, these very acts prove The
reverse. There was lying idle in the
treasury surplus of over a hundred
million dollars. Money in markets
was high, people were clamorous for
money; trade had been congested by
the boarding of money in the federal
treasury. Wall street was making its
''Jack'' out of the high interest. What
was Mr.. Cleveland to do? The atten-
ton OF Congress had been called time
ana again to the accumulating surplus
Should the accumulation continue and
The distress of the people go on? Like
any business man would have done,
Nlr. Cleveland purchased bonds; this
put money in circulation and can
Il IL Z
| charges.
1t was prudent to keep a certain
amount on hand. Now, which was
oest, to keep it lying idle, or to de-
post it in the banks with bonds as
security, that it might again become
part OF the active circulating medium
OF the country?
Can any one say that Mr.. Cleve-
land did not act wisely? From the
very moment he did as we have de-
1crlbed the interest rate dropped.
Who was benefited by it? The
money lenders? Certainly not, but
he borrowers. Now is it not a patent
act, that the rich are not the borrow
tns class? The few lend money, the
many borrow it. Mr.. Cleveland
helped the many.
Another objection is that he is op-
'osed to the free coinage of silver.
! glance at the notice of Mr.. Glenn's
cPeech in another column will give
Nlr. Cleveland's position on this
{ uestlon. But let us, reader, take
! eep into the free silver business. The
ate l.. l.. Polk said that the free
coinage Of silver would not add to the
REGULATING medium but thirty cents
er head. Well, certainly this will
OF do great good, for within year
he money in the country has in
{ reased more than this, and not one of
has felt any change for the better.
20 even from this point of view it is
l OF worth making SO much fuss over.
But there is another side! A score
lf men own the silver mines of this
{ ountry. These men now are get
ng for silver 6S cts for what is in
dollar. If they can get free coinage
1ey will get 100 cents where they
Low get 6S. AS sixty millions of
ollarS worth of silver are mined a
y ear, the calculation is easy to make
and get at the amount of stakes these
venty men are playing for. A profit
It 81 cents on every dollar would
give them over eighteen millions of
Iollars year, which, if the whole
-eople were partners or sharers therein
" ould be a profit of just about 80 cents
l head.
But it is no SO divided. To those
concerned the average profit is about
l million piece. Mr. Cleveland and
lie Democratic party are opposed to
MS. Mr.. Cleveland and the Demo-
ratio party are for free silver with
100 cents worth of bullion in each
.ollar just as in gold.
Is this inimical to the public veal? t
: there aught detrimental to the {
masses?
If the money power of Wall street d
5 all powerful, why was it that the c
ew York delegates were 50 bitterly c
opposed to Mr. Cleveland? t
Against all this Grover Cleveland |
tands out as the choice of the peo- 7
Ne, The politicians were against v
I'm to the last, bitterly and unaltera- !
'iy. Never has ther- been nomi- a
lation where the leading politicians t
o relentlessly opposed a man. In t
Dlte OF them he was nominated. |
Cleveland stands to-day the only r
ran with the courage to call halt Z
n pensions. For the masses and
,ainst the classes he issued his anti c
ariff message /
During his administration he Il
1owed the catholicity of his party t
y recognizing the South. Southern t
len were called to his cabinet, South z
men were given as high positions t
S their Northern brethren. With v
m there were no sectional lines, a
mere is none now. No man is more .
onCerned than he over the effect upon s.
ne prosperity of the South by the c
usage of the Force bill. |:
There is no deception about him. f;
e has his convictions and dares c
them. On all public cues il