Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1893-05-26
IT'S A PARTY OF RUIN.
DEMOCRACY AND DEsTRuc-
TlON 90 HAND-IN-
The Magnificent Credit OF the Govern.
mont which Republicans built Up II
Now Threatened by the Unpstriotic
Politicians at Washington.
rhere.. Been no Chanse..

There's Been No Changes.
When Mr.. Cleveland was elected
certain persons were sanguine enough
to believe that the Democratic party
had somehow changed its nature.
These individuals argued hopefully
that by this time the Rourbous who
had once brought the country to the
verge Of industrial and political ruin
had reached point where they were
able to learn and to forget; they as
serted-in spite Of the declaration OF
war on Aniesican industry in the
Democratic platform, In spite Of
nEuccf1t shot ocnin2 2f1nn 2n
the Sonth ma p y ~ sxDte stel2ls
ing In the North. IA epi61 of the no.
torious hostility OF an Overwhelming
majority OF Democrats to every prin-
ciple OF sound finance--that in some
myteriOus, inexplicable way the DEM
ocratic party had become tolerably
patriotic and progressive.
1t would be interesting to know
just now what these optimists think
about the capacity of the Democratic
party to govern. They wanted "a
change" and they have got it; a
change from progress to stagnatiOn,.
from industrial development to sharp
and sudden contraction, from the
sunlight OF assured prosperity to dis
NAL uncertainty and gloom: from
safe and practical methods OF nation
al fnanciering to shufiling policy
whose cowardly evasions have aroused
the contempt OF enlightened men Of
affairs the world over; from universal
public confidence to universal public
fear. This is what the Democratic
party and the Cleveland administra-
tion have accomplished in Two
months time; and the work OF tear
ing down is only beginning. The
course of the Treasury Depart
ment has been worthy of the
party whose representatives in
the last Congress voted by a
sweeping majority in favor of free
silver coinage, and whose latest ma
tional declaration OF principles con-
tanned demand for the revival OF
wildcat currency. 1t has been dis.
gracefully silly and weak from the
first. Mr.. Carlisles pessimistic and
ambiguous statement" for which
the President, with its author, must
be held jointly responsible, was a
gross blunder; his begging letters to
the banks, with his expressions of
doubt as to the financial ability of
the richest government In the world,
were blunders; the refusal OF the ad-
ministration to fortify the Treasury
by selling bonds or even to announce
that 1t will sell bonds when the
Treasury reserve shall have been de-
pleted to a certain point, Is the worst
and most dangerous blunder Of all.
The New York Press predicted, In
the event Of Democratic success, a
general contraction Of business en-
tcrprise and widespread lowering OF
the wages OF labor. The bu mess
men and wage-earnprs who were fool
ish enough to vote into power the
party that is the implacable enemy
OF American industry will yet see
these predictions fulfilled to the let
ter. The fulfillment is coming with
remarkable rapidity. The fact that
viz A~hOeiuSS HuS kAtukCu itSCil IL
bring about free trade has awaited to
work widespread injury to American
industries even before the Demo
cratic measure OF destruction Is for
mulated. The policy OF makeshifts
and mendicancy that has been pur-
sued by the Treasury Department has
been q powerful factor i'm Fastening
the inevitable. The shrinkage in the
value OF securities al over the cOun-
try mounts up into hundreds OF mill
IONS The loss to the people, already
enormous, is growing greater daily.
The confidence Of sellers in the abil-
ity OF buyers to pay has been swept
away In a flood Of distrust; the mag
niflcent credit OF the Government it
self, which Republicanism built up
with SO much pains and labor, IS
threatened by the incapable and un-
patriotic politicians who are in con-
troll at Washington.