Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1893-08-10
THE SITUATION.

The state Of affairs which will
face Congress when it assemblies the
9TH of August will be indeed grave
enough to dispel from the minds of
patriotic men the thought of parti-
san advantage Peace, hardly less
than war, though not so often as
war, has its supreme moments; and
this seems to be one of them, COM
mandlng Of the better elements of
political society everywhere patience,
moderation and unity of purpose.
Evils, wrought by years of short
sighted legislation and reckless im>
prudence in business methods, can
not be remedied IN week or
month, CT by any single measure of
public policy.
American extravaganza IN every
department Of economic science has
been, and is, the wonder Of the
world. We have gone on doing
without concern and apparently
with immunity what would very
soon have wrecked any one of the
older countries. There is not day
in the yea that we do not waste
enough to maintain double our own
population.
Overconfdence, resulting in over
capitalization, has for an entire decS
ade marked the growing West and
the struggling South. The newt
able reaction has at length affected
the East. Concurrent with this,
the decline of all the staples, includs
ing three disastrous seasons in the
cotton>belt, and--esen if there
were no money arrangement
enough would remain to account for
the general depression. But, on top
of all, comes the blow which, after
the continued and steady depreciar
| ton Of silver, is struck at the
white metal by the proceeding Of
the India Council, and as conse-
. quence, an additional strain put
upon the mines and the banks, and,
through The operations Of the Shers
man Act, upon the Government.
Truly, the problems to be met are
many and complicated, calling for
the best efforts Of the best men.
The Republican party can not es-
cape its full responsibility, 1t is
the author of the fiscal laws under
, which we live. It is the father Of
our industrial system, regulated by a
tariff made by Protectionists IN the
interest of monopoly. The Demo.
cratic party assumed the reins of
: Government less than five months
ago, taking possession of an already
depleted Treasury. Congress could
hardly have been called in extra ses-
, sion much earlier. All things exists
, ent in the Federal fabric, except
) the men newly chosen to administer
them, are of Republican making.
, The Democrats transferred power
to the Republicans four years ago
with everything in good shape. The
, Republicans pass it back to the
Democrats with everything in bad
shape. Thus far the Administration
has had the opportunity to do very
little. But Mr. Carlisle has held his
own in the Treasury, keeping the
national credit intact without in
creasing the national debt by the isr
suance of bonds, and Mr.. Cleveland
has maintained the public confidence
to an exceptional degree, whilst
; waiting the coming together of the
peoples representatives. All, there
, fore, that wise head and a firm
hand could do to stay the conse,
quence of Republican misdoings, has
. been done by the Democratic Ad-
3 ministration, which came in the 4th
' of March.
J The country is suffering from
), the evils of an uncertain fiscal cit,
e nation, hi6ging upon the silver
e problem, and a vicions Tariff sys.
. tenn, operating unequally upon
e every department of human en-
= deavor. We shall have no sub
t staE.....i relief until bad causes are
# removed.
g We must reach a staple ane
> sound currency. We must lift the
v load of taxation from our product
j, i've energies. TIE two reforms in,
;. yolye two concurrent principles Q
Is economy, and ought to 60 han,
Il in hand.
In this way, and before the en-