Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1893-06-01
THEMSELVES 70 BLAME.


THEMSELVES TO BLAME.
Republicans RebsllinG Ax.inst Their Own
Legislation.
Some OF our republican contempt
raries are grievously disturbed by re-
cent occurrences "A financial circles and
are declaring that the troubles are due
20 democratic interference with the tar
if and laundering with the finances
That distinguished dinner-table ora
tor. Mr.. Chauncey Depew. declares that
Mr.. Cleveland has gathered about him
2 cabinet the members of which know
as little about finances - they do. about
Hebrew scriptures.
It is not matter of record that Mr..
Depew is . judge either of financial
matters or of scriptures OF any kind.
He knows q good joke well enough
when he sees it to appropriate it, but
he has given no evidence that he has
gained the least financial wisdom even
by absorption. On one occasion at least
Mr.. Carlisle demonstrated his superior
itv in financial foresight to the aggre-
gated wisdom of the national banks.
In 1881 Mr.. Carlisle offered an amend
ment to the refunding act which pro-
vided that only 8 per cent bonds should
be received as security for circulation.
The national banks protested; they
denounced the amendment as BULLDOG
ing measure, and as one form of repu
diation. Nevertheless it was adopted,
and the national banks threatened a
contraction of the circulation and
forced Mr.. Hayes and Mr.. Sherman to
oppose the Carlisle amendment. 1t was
vetoed and beaten.
But time has indicated Mr.. Carlisle
The bonds the banks rejected have be-
come the corner stone OF credit; the
bonds they held have been redeemed
and cancelled. The circulation of the
national banks. which, October, 1881,
| was 1920, O0O, 900, was, October, 1892,
only $143, 200. 900. Had the banks
| bought the bonds as required by Mr..
Carllsle's amendment, they would have
| had twice the money in circulation that
is out to-day, and the clamor for silver
| would have been less imperious.
Nothing in Mr.. Depew's career, not
even his support of Horace Greeley, re-
fleets such credit on him as MIR. Car
isles amendment reflects on the secre.
tary of the treasury.
But compare the cabinet of Mr..
| Cleveland with the cabinet of Mr.. Har-
rison and ask the wise men of America
whose opinion they would prefer on
financial questions, that OF body
headed by Mr.. Carlisle or that OF
body of which Mr.. Charles Foster was
the shining light. Here in deadly
parallel columns are the two cabinets
| Cgereldads. HGrrfson's.
| Carlisle, Foster,
| Gresham, Foster,
! I,fssell Wanamaker,
| Smith, Noble,
| Herbert, Tracy,
| O,rey Miller,
| M,rfod Rusk,
\ Lamont ElRlnS
But to Mr. Depew anu all others wht
ind it difficult to live under govern
ment administered by democrats, it i
well to say that if any mischief comes
from existing laws the laws were made
not by democrats, but by republicans
The laws were made in opposition tt
democratic protests and in a spirit di
rectly contrary to the democratic spirit
principles and purposes.
Certainly democrats cannot b.
charged with party responsibility TO
these laws. A republican senate re
iected every act meant to modify TIL
inieuity of the Mckinley bill, and a re
publican senate refused to repeal tn
Sherman bill. Mr.. Cleveland has NJ
authority to repeal either bill. both o
which he condemned. They were fasten
ed on the people by republican
leaders in congress; they can be re
pealed only by congress. The impa
thence expressed by the republican
with their own laws is swift condem
nation of vicious legislation.
A democratic congress will be calle'
, together in due time to rid the countr..
of these two examples of republical
statesmanship-the Mckinley bill ant
the Sherman bill. 1t does not TAX
one familiar with Hebrew scriptures t
see that these measures are workin,
mischief. -Louisville Courier-Journal