The Lafayette gazette. [volume] (Lafayette, La.) 1893-1921, 1893-07-15
MISREPRESENTATION.

/ MISREPRESENTATION.
Republicans RebeilinE Against Their o. =
LeEislatlon.
Some OF our republican contempo-
raries are gricvously disturbed by re-
cent occurrences in financial circles and
are declaring that the troubles are due
TO democratic interference with the tar
if and laundering with the finances
That distinguished dinner-table ora
| tor. Mr.. Chauncey Depevv, declares that
Mr.. Cleveland has gathered about him
| a cabinet the members of which know
as little about finances as they do about
| Hebrew scriptures.
1t is not a matter of record that Mr..
Depew is a judge either of financial
| matters or of scriptures of any kind.
| He knows a good joke we'll enough
when he sees it to appropriate it, but
l 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
| ity 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 per cent. bonds should
be received as security for circulation.
The national banks protested; they
| denounced the amendment as a 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 bea ten.
But time has vindicated Mr. Carlisle.
The bonds the banks rejected have bes
come the corner stone of credit; the
bonds they held have been redeemed
n nd hep ri "a ri "a
| national banks which, October, 1881,
| was 1920, 600, OOO was, October, 1899,
| only s14s, 900. Had the banks
| bought the bonds required by MIR.
| C;,rllsles amendment, they would have
had twice the money in circula ton 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 Mr.. Car
| isles mcndment 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 a body
headed by Mr.. Carlisle that of a
body of which MIR. Cha rles Foster was
! the shining light. Here in deadly
parallel columns are the two cabinets:
CZeteland's. Horrisoa's
Carlisle, Foster,
c resham, Foster,
Bisscll. Wauamakef,
Smith. Noble.
Herbert, Tracy,
Oney. Miller,
Morton Rus!s,
Lamont Elkins.
But to Mr.. Depev and all others who
find it difficult to live under govern
| ment administered by democrats, it is
| we'll 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 to
| democratic protests and in spirit di-
| rcctly contrary to the democratic spirit.
principles principles and purposes: . =,
charged .s-i;il r:lgtr r"spors:'oiI;t v g
| tn SC laws. Il republican SCH ie "a
r. ~ set 1n"aa1 :" r''Adtfy the
| in putty OF the hirniuii,E biz. aud a
pu f,iic;,n senate REFUGE 80 E-crs.at Llle
! Sherma.. bill. ~ |le-ce,-ar rs no
| authority to repeal either bill, both of
| 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-
! tience expressed by the republicans
| with their own laws is swift condem-
| nation of vicious legislation.
| A democratic congress will be called
together in due time to rid the country
Of these two examples of republican
statesmanship-the Mckinley bill and
the Sherman bill. It does not take
one familiar with Hebrew scriptures to
see that these measures are working
mischief.-Louisville Courier-Journal
COMMENTS OF THE PRESS.
The republicans mean business
in calling for long tariff campaign.
They will fight it out on that ly'n, if it
| takes all summer.-Cleveland Plain
Dealer.
EVERY few days Mr.. Clarkson dis
covers new cause for republican de-
feat. AS there were SO many causes Mr..
Clarlsson will undoubtedly make more
discoveries.-N. Y. World.
1t may be true, as Clarkson