The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1893-08-26
H KIMBALL GRAPHIC
A r. TINAN.
The Official Paper Of Bruie County.

N Eastern Gets After us. !.
To the Editor of the RApHIc:-ln n recent is !
ie of your moral sheet there were several arti- =
les in your editorial columns on the present
Observation-Disclosures will, suggestions !
> the common people to study and solve the :
problem. In giving heed to this advice =
come to you soaking aid i'll the solution of sew
raj queries and statements. You assert that
here is no diiferencein the financial policy Of
Cleveland and Benjamin Harrison. Now,
: it not true that the Harrison administration
Interpreted the law of 1879 as giving the power
o sell bonds and purchase gold and has not the
resent secretary of the treasury expressed doubt
bout its comforting such right, and did he not
gree to the suggestion of Senator Sherman that
sundry civil bill be so amended as to leave
10 doubt Of its giving such power? And did not
such an amendment pass the senate but met with
snch opposition in the house that Senator Car
isle wrote u letter stating he did not favor the
amendment? Did not our securities
to come back from across the sea soon after tie
Of Secretary Carlisle and the Democratic
house, the holders fearing payment in silver?
statement is made that the division in con-
gross in relation to silver is not on party lines.
True, but have not the votes in congress on the
FREQ coinage OF silver shown u majority of DEM
oc.nts in favor of it and Republicans against.
1t is further asserted that .here has been no
in our tariff laws, clearing conveying the
impression that II change only Will create 4 dis
tuTbauce in tho Industries of tho country, while
to many, If not most minds, fear of change is
fully rs productive of disturbance. Now, is it
not n fact that all serious panics in finance and
industry with one exception, in this country have
come under Il low, or threatened low tariff md
under Democratic administrations and further,
has not II panic always come Il change from
II protective TO q low tariff! Again, "Tho worst
panic This country ever saw occurred shortly after
the election OF a Republican president" In or
der that there should be any arsument in this
quotation from the GRAPHIC the case to (which it
refers should be similar to the present, while in
fact there is no similarity or selnblance of SIM
ilarity bstween them. There was no change or
threatened change either III the financial, indus-
trial nr commercial policy of the government.
In fact, the same man WAS continued as president.
Besides it was not the worst panic this country
ever saw. Further on comes tho statement:
'Shrewd Republicans like ingalls,, Sherman,
Reed and ingersollk know this and admit that the
election Of Cleveland has nothing to do with the
money market or the price of wheat or wool"
As to Mr.. ingalls, / have seen no statements of
Ills opinion and it makes little difference What
it is, as the wave that took GocItless Jerry to
| Washington and Ingalls, back to Kansas unbal-
anced his mind. Mr.. Sherman, however, made
this statement over Ills signature: The settle
ment of this question ~(silvorl i'll my Judgment
viii bring Immediate relief from the distrust and
want or confidence tisni now effects illjnriously
our manufacturers, INGREDIENTS, bankers and poo.
pie. y atisl ,nore general distrust among all
these classes .srows out Of the uncertainty invol-
l--I :. ~ ~. - - -. L.
Democracy in the protective duties on imported
goods" Thefollowing words have Thos. u. ReeC
signed under them. The causes of our misfor-
tune are plainly this: Utter uncertainty reigns
III finance and tariff and in everything on whicl
business can be based.' Ingersoll writes this a
the cause of the present financial and industrial
trouble: 1. "The great failures in the Argentine
country and the consequent failures in England
2. The poverty in Germany and other European
countries, causing the sale of American securities
3. The failures in Australia. 4. The low price
OF wheat, corn, cotton and other products. !
The election OF Mr.. Cleveland. These five causes
and especially the fifth cause are sufficient for al
tho trouble. KICKER.
The foregoing arraignment Of Democ
racy is sufficient evidence Of the CRAP
Hlc's willingness to present both sides o
political matters to its readers, and W
ore pleased toknow that our New Engian
subscriber, WHO signs himself "Kicker,
and who, by the way, 10 we'll known {
Z almost all OF the GRAPHIC's large circl
OF readers, peruscs the editorial column
, of the GRAPHIC as closely as he does til
local items, although his uncompromis
, ing Repu5licanism appears not to softer
His reference to Secretary Carlisle
!. attitude toward the gold reserve is irrel
evant to the G%RAPHlC's statement tina
there was no difference between til
financial policy of Cleveland and that Q
Harrison, intended as it was. to the sill
yer observation-disclosures, as a matter Q
fact Cleveland would never have signe
the Sherman bill had he been president
1t is very certain that Carlisle's reluctanc
to issue bonds to keep the %S100,000,O0
gold reserve intact showed good judg
ment, as subsequent events have shown
So eminent a writer on finance as Matl
eW Marshall thinks that S1OO,O0O,0O0 gol
reserve a bOgyman, anyway, ndthat til
whole OF it could be paid out in case Q
immergency without disaster.
Our securities began to come back an,
our gold go abroad..long before Mr.. Car
Isle was thought of FOR secretary OF TIL
treasury. The s%ubjoined extract iron
an editorial III last Sundays Chicag
Iuter Ocean shows this, as well as sub
Stimulating the GRApHIC's statemen
about the financial policy Of Clevelan,
and Harrison respectively.
The strongest influences were brough
to bear on President Harrison and Secre
tary Of the Treasury Foster to get then
our gold back. 1t is said that Secretar,
Foster succumbed to their influence ant
was willing to issue the bonds, which 81
greatly encouraged the New Yorker,
that they formed a syndicate for the pur
pose of handling them. President Har
rison's irmness, hewevcr, thwarted thei,
efforts, and when President CLEVELAND
! was inaugurated he refused to do VIVA
his predecessor had so firmly and pos
itively declined.
1t is possibly true that there has beef
more free-coinage-of-silver Democrats il
congress than Republicans, but it
mighty certain that no1 OF them votet
for the Sherman bill.
II fear of a change in our tariff law
has anything to do with the recent bust
ness disturbance, why did not the troubl,
begin last N0yember-as soon as Cleve
land was elected? Political parties ar
always credited with carrying cut th
wishes and policies of their leaderhot the.
good. bad or Indifferent. We defy any
one 10 produce a lire ever written b.
ICieyclana OF a word said by him convey
ing the impression that American i'll
dustrics were to be seriously crippled