The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1894-11-30
CONTINUAL RerRoeREssIoN.
Ignominious Failure OF the Democratic
Administration.


Ignominious Failure OF the Democratic
Administration.
The condition of the treasury has
again become so desperate that another
bond issue is imminent, and Mr.. Cleve-
land will pile up the public debt to the
extent of fifty or one hundred million
dollars in order to obtain funds to
meet the current expensesrof the gov
eminent
Even il only the former sum is Dor
rowed, we shall see an increase of the
public de6t of one hundred million dol
lars in nine months and an additional
interest charge of three million dol
lars a year will be added to the public
burden.
The financial policy of the Cleveland
administration is complete and igno-
minious failure. Where it was ex-
pected that Mr.. Cleveland would be
strongest, there he is found to be most
feeble and impotent
Since he has been in Office the af-
fairs of the nation have been going
from bad to worse. Every promise of
Improvement has failed; every device
of the administration has proved abor-
tive.
But we have the chief organ of the
administration, the ramshackle New
York Times, arising to observe that
the president is graciously pleased to
saddle the debt on the public in order
that full protection will be afforded
the treasury reserve.
This was the promise that was given
to the people last February, when the
first bond issue was made. but, like the
promise that the repeal of the purchas-
ing clause of the Sherman act would
bring relief; like the promise that the
enactment of the democratic tariff bill
would cause an abundant stream of
revenue to gush into the treasury
vaults-the promise of last February.
like every promise made by and for
this administration, was false and de-
ceptive.
Instead of the treasury reserve being
fully protected by the bond issue of
February, it has again been reduced
forty millions of dollars, and the
treasury to-day is in such desperate
condition that the government is once
more obliged to go to Wall street and
borrow money to pay not extraordi-
nary but ordinary expenses.
1t .is announced from Washington
that Attorney General Olney finds the
duties of his Office so irksome and dis
agreeable that he proposes to resign
and resume the practice of his pro-
fession. If Mr.. Cleveland and all his
cabinet advisers, taking with them
Adlai E. Stevenson, should follow Mr..
Olney's example when he retires from
the cabinet, it would be mighty good
thing for the American people.
But there is no such luck in store for
them. They took to Mr.. Cleveland
with their eyes wide open and they
must grin and bear their sufferings to
the end. They elected him with a
clear understanding of his character
He had shown himself to be narrow,
opinionated egotist; obstinate and
erbearing; a man who had no prac-
teal knowledge of statecraft; who
was filled with undigested, foolish and
mischievous theories, but because IN
der republican rule for thirty years
the country had been singularly pros
porous, the people came to believe
that no party, least of all, no one man,
could plunge the nation into danger.
But less than two years of Cleveland
have shown what one man and one
party can do with the affairs of ma
ton. so great and so powerful as this
What pity it is that Cleveland and
the whole pack of these laundering,
incapable democrats could not be
turned unceremoniously out of Office.
That this is The general desire is
proved by the circumstance that the
plurality against the democrats in this
years elections was over a million and
half-Albany Journal.