The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1892-10-08
A YARD-ST|CK F|NANC|ER
"Calieo" Charley Foster, OF Fostoria,
Ohio, Essays Discussion
Of Finances,
The Presumption OF the Man Must
Have Astonished Even
himself
Extravaganza of the Billion Dollar Con-
gress Defended on the Stump bYA
Cabinet Officer.

FREDERICK, MO-, Dot. L. Wnen HON.
Chas. Foster, secretary OF tho treasury and
party. arrived tonight they were given a
most yociferous reception. They were ss-
oorted to the hall by big procession.
The secretary in the course of his speech.
took up the democratic charge that the
treasury is bankrupt. especially critizinR
Vice Presidential Candidate Stevenson for
gross ignorance on the question. "If Stew
enson ia not ignorant" said the secretary,
"he should know this administration has re-
deemed and paid off $259, ,093. $50 of its
debt, with a saving In interest, by the time
the right to pay natures, Of &55, 1852, 493.
What about the inability of the govern
ment to pay fifty millions of ~ per cent
bonds. the right to pay them maturing
Sept. l, 1891, and which Stevenson says we
couldn't payl The holders of moro than
twenty-five millions of those bonds re-
quested that they be continued at two cent,
and this administration enjoys the enviable
position of having placed government
loan at lower rate of interest. and in
more advantageous position. than any gov
ernment on earth. The remaining twenty
five millions of the debt have been paid
in the Fifty-second congress they would
reduce appropriations hundred millions
from those of the billion dollar congress
but they discovered that this WAS billion
dollar country. and after all they said in
denuneiatlon of the billion dollar congress-
| they not only were unable to reduce appro-
priations hundred millions, but actually
increased them forty millions. Notwith-
| standing theEg enormous ADDfODr1atlOnf
this congress crippled the public service in
many branches by lack of adequate pro-
| visions.
"For more than eighteen months the
democratic CRY of bankrupt treasury hal
been kept going, but at all times the treas
ury has promptly met every obligation o.
| the government. The revenues are in
creasinq at the rate of three millions PEI
month over last year. OF course there is ar
increase of expenditures, owing principally
to payments for pensions, but the first thre'
months of She year show net gain in cast
of $5, ,203, ,541.'
The secretary spoke at length on th
tariff, reciprocity, ETC.. and referring to tn
state bank plank in the democratic plat
form, gave. from personal experience,
| description Of the evil effect of the wild-oa
system of old. Speaking Of the interna
tional monetary conference, he said, II an
in possession of advioes that lead me tt
hope that such action will be taken by tn
conference as will result in satisfactor,
solution Of the vexed silver question. Being
bi-metalist myself and earnestly desir
ing that silver shall take its rightful plac
| beside gold, do not believe the free coin.
age of silver, as desired by many of our peo
pie. would accomplish the result desired
l admit that the problem is difficult, bu
have faith that the statemanship OF the re-
| publican party is equal to the OCCASION"