Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1893-06-02
UE TO DEM OCR ATS.
THE FINANCIAL CONFUSION
IN THIS COUNTRY.
The Return to Power Of = Party Pledged
to Overthrow American Industries Has
precipitated the Present Discoura glng
Outlook In Rrsiness Circles.
wher. Rc,po,..hllltx Re.t..

lne aCCempL OF the eautnlnlStraJlD0 10
shift the blame on the banks will not
do. The clamort Democratic news
papers that try to delude the public
with the belief that the stringency
in business and the threatened pa
ralysis OF credit are due to Republi-
-ran nAsi1s1sssQagementw will not impose
upon single voter OF rcnaRsa- -seRse.
The Louisville Courier-Journal makes
futile effort to hold Republicans re-
sponsible for the present status of af-
fairs. -Four years ago the Courier
journal. in common with other Dem
Ocratic newspapers, was vehemently
denouncing the Republican party for
not reducing the revenues Of the
Government. The Republican party
reduced the revenues by the Mckin-
ley law and the special organ OF the
Star Eyed Goddess now condemns it
because they have been reduced. The
Courier-Journal wildly asserts that
the Republican party, while thus
cutting down the national income,
plunged into series OF profligate ex-
penditure never before dreamed Of in
the widest orgies OF legislative plum
derers."
Our excitable Kentucky contempo-
rary undoubtedly refers to the ex-
penditures of the Republican Fifty
first House, whose appropriation
were by no means "profligate, but
were made necessary by the growing
necessities OF the national government
and the imperative demand for sea
coast Notifications and the construc-
tion OF the new navy. Bnt IL we
admit, for the sake OF argument, that
the appropriations OF the Republican
Fifty-hrst House were excessive,
what has the COurier-Journal to say
Of the expenditures of the Democratic
Fifty-third House, which exceeded
them by some SIS. 900, 900? II there
was "proflieacy" in the one case, there
was about forty millions more OF
"prohigacy" in the other. The Cour-
ier-Journal reserves its most ridicu-
lous charge for the last 1t says:
1t was .,he Republican party which
always loud Ia proclaiming It, fidelity to
sound money, entered into disgraceful
miners--a compromise which 1t refused up
TO the last moment to repeal-Sy which the
government has lost millions OF dollars.
and by which the Treasury Is to-day
drained OF its gold and viii continue 10 be
drained MS long as tbs outrageous Sherman
law remains in force,
As a matter OF fact the Sherman
law was enacted as a barrier against
the unlimited coinage OF deprecated
silver dollars which the Democratic
party was determined to bring about.
In SO far as harm has resulted from
any Of its features, the Democratic
party is responsible for the evil done,
for the mischieyous features were
without exception the embodiment
OF Democratic principles inserted in
the compromise Sherman measure at
Democratic demand. To-day the
great mass OF Southern and Western
Democrats are clamoring for the en-
actment Of 4 free silver measure that
would mu tiply the bad effects OF the
Sherman law tlve-hundred fold. An
overwhelming majority of the Democ-
racy demand the repeal OF the Shcr-
man law, not that they may enact a
better measure, but one that Is infin-
itely worse. The attitude CT the
Democracy toward the currency is
shown by its record in the Fifty-sec-
ond Congress On March "a, 1892.
100 Democrats In the House voted for
the Bland Free Silver bill and only 81
voted against it. In the Senate July
l, 1892, 30 out of 40 Democratic Sena.
tors put themselves on record in favor
Of the Stewart Free Silver bill: in
the House on July l3, III Democrats
o. against 1t.
The facts are unmistakabie. The
Republican party found the finances
Of the country disorganized and or
ganized them: it found the nations
credit prostrate and raised it to a
point above that Of any other coun-
try: 1t found American industries un-
developed. and built them up by pro-
lection until the United States is In
dustrially independent. and American
workingmen the best paid In the
world Republicanism found the
nation weak and made it strong,
found it poor and made 1t rich, found
it stagnant and dishonored and made
il prosperous and great the leader in
the worlds civilization, the cham
pion OF human progress and human
freedom, the hope and the stronghold
OF the oppressed Of every race.
The return to power of the Demo-
cratic party. pledged to overthrow
American industry In the interests Of
foreign monopolists, demanding that
wages shall be reduced and the ma
tional currency be degraded, has
transformed the condition OF affairs
in ten weeks time. The country had
grown accustomed to seeing Ameri-
can interests upheld against the
world by the Government at Wash
ingtOn, and 1t has seen the adminis-
tration deliberately preparing to Sac
ritice those interests: 1t had been
taught to look for firm and far-sighted
guardianship OF the peoples welfare
by the Republican statesmen who
hare administered the national
finances, and 1t has seen incompe-
tency, ignorance and selfish partisan
ship holding full sway In the Treas
ury Department. 1t Is no wonder
that business interests have taken
alarm; that projected industrial en-
terprises have been given up by
hundreds all over the Union, or
that credit is becoming difiicult to
obtain.
Democratic incapacity to govern,
Democratic hatred OF American in
dustrial independence and Demo
cratic fanaticism In behalf OF cheap
and uns0und money are the manifest
and suillcient causes OF the present
discouraging outlook In business and
Industrial circles. New York Press.
wesdins Ont the vsteeans.
The board appointed By Secretary
Lamont for the purpose az W0o(llnQ