The midland journal. (Rising Sun, Md.) 1885-1947, 1893-03-10
Friday, Mar. 10, 1898.
The Meaning of the Inaugural.

cast by Mr.. Cleyeland's Inaugural address
is an omen. The Inaugural was sensibly
brief, which was a strong point in its favor,
The incoming President seems 10 have
anticipated the weather the ceremony was
10 encounter, and in lew characteristic
rotund sentences, told the curiosity seeking
crowd who stood in the driving snow storm,
that tariff reform" in mild way was to be
a leading feature of the new administration;
the Indians should be tenderly cared for,
and that the nation should have additional
bonded debt piled on the industrial classes,
if need be to advance the price of gold, and
keep the "honest" yellow dollar up to its
present value of $l.50 Measured by every
thing elsfthat is found in the marts of trade
that is the value j. is now fixed at. The
'honesl" dollar of the bankers, measure by
which their wealth is determined, is worth
81 so, as compared 10 the dollar by which
the wealth the labortr and the products OF
labor is measured. Mr.. Cleveland took
pains to tell the public in his Inaugural
address that this financial condition should
remain il he had to issue gold bonds to any
amount to maintain It, This is the ore
definite declaration, and the only one, con-
tanned in this initiatory proclamation of the
incoming Administration.
Working men, wealth producers, among
whom are numbered four million farmers,
set your house in order, for the chieftain in
whose hands you have placed the welfare OF
the nation for the next four years says,
before the gold dollar shall be lowered one
iota from its present value of 81 SO, he will
pile untold additions of debt, in the shape
of gold bonds upon the nation to endure
forty years
In Mr.. Cleyeland's characteristic manner
of expressing himself this declaration is
made in the following ponderous, ford
paragraphs of the Inaugural
"Manifestly nothing is more vital TO our
supremacy as a nation and to the henelicent
purposes of our government than Il sound
stable currency. Its exposure TO degrade
tion should at once arouse to activity the
most enlightened craftsmanship and the
danger of depreciation in the purchasing
power ofthe wages paid to toll should furnish
the strongest incentive to prompt and con-
sentative precaution.
''In dealing with our present embarrass
ing situation as related to this subject we will
be wise if we temper our confidence and
faith in our national strength and resources
with the frank concession that even these
will not permit US to defy with impunity
AT the same time, in our efforts 10 adjus
differences of opinion we should be free from
intolerance or passion, and our Judgments
should be unmoyed by alluring phrases anC
unyexed by selfish interests.
II am confident that such an approach L
the subject will result in. prudent and effec-
tive remedial legislation. 10 the meantime
SO far as the executive branch Of the govern
ment can intervene, none of the power
with which it is invested will be withheld
when their exercise is deemed necessary Il
maintain cur national credit or aver
financial Disaster
Judge Gresham assured Mr.. CLEVELAND
that the present law on the statutes CAV
ample power to the Secretary of the Treas
ury to issue gold bonds, hence the Sherman
bill which the House positively refused Il
pass was not absolutely necessary. Ant
Mr.. Cleveland in the teeth Of the binding
snow storm tells the country that, $50 far al
the executive branch of The government car
intervene, none of the powers with which j
is invested will be withheld" which pu; il
plain English that the way farer can under
stand is, any bill that may be passed for the
demonstration of silver will be promptly
vetoed.
The following bit of Wall street sophistry
expressed in the first paragraph aboyt
quoted, will show how thoroughly the Wal
street national bank monopoly have
impressed Mr. Cleveland with their false
teachings: "The danger of depreciation O
the wages paid to toll should furnish the
strongest incentive 10 prompt and conserv.
alive precautlon." Mr.. Ceyeand's florid
bombastic style of expression conceals hi.
meaning, as it is doubtless intended to do
from the ordinary reader.
The meaning of the above ornate express
sion is that the dollar paid to toll" should
be made so dear that it will purchase the
greatest quantity of the products OF "toil''
or labor. That the full import of thi.
maxim of Mr.. Cleveland may be made
clear we will transpose it. The wages paid
to one toiler should purchase the largesl
amount of products created by the toll Of
some other toiler. To still more plainly
put It. If man is compelled 10 work two
days TO earn a dollar The purchasing fpowei
of which will buy the products that two
days labor by some other man will create,
then both men are made richer and more
com Portable by such system of economy
How absurd this Presidential maxim is
II has been put into Mr.. Cleveland's mind
by the Putocra!ic crowd who have managed
to surround him, as soon as he had gained
public notoriety and attained large share
of the confidence of the ''plain people"
We have seen by Analysing This Pluto
cratic philosophy that il is more profitable
for lsboring man (which term embraces all