The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-08-07
The Republican Party aud the General
Depression.

Continuing the alarmist policy which
they started the moment President
Cleveland's election was a known fact,
the republican papers are filling; their ed
itorial columns with respondent views of
the Treasury situation. The deficit, the
outflow of gold, the prospects of INSULT
cient income next year are expatiated
upon in heartrending tones. But the
realm of fact does not content these
ghouls who sit up in their steeples tolling
knells of National prosperity. They have
TO invade the realm of wild impossibility
for material to create financial dread and
commercial depression. One of them,
the state Gazette" is thrilled with hor-
ror at the prospect of every person
who has in his or her possession treas
ury notes bringing them to the Treas
ury for collection. The vision of this
highly probable happening just gives the
Gazette" spasms. 1.-THE government
could only pay seven cents on a dollar in
gold for Them" it walls. Fortunately
the noIdefS OF treasury uOleS w HOt
likely to march on Washington to cash
in their chips. all at once. 1t is also
pleasant to remember thai if they did
Uncle Sam has quite a little silver in
his vest pocket to supplement his gold
reserve. 1t is also a consolation to think
that the dear old boys credit still counts
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We rockies democrats manage to live
on and eat three meals a day.. But the
Republican brother refuses to be com
forted.
We have many times said that it was
the deliberate design of the Republican
party to wreck business and to keep it
down for political purposes. and we think
so, more than ever now. When the Re-
publican party was creating the deficit
by reckless extravaganza on the one
hand and by struggling commerce and
cutting down the customs receipts on
the other, hone of these fears were en-
tertained which are now SO gloomily
reiterated day after day. On the con-
trary, the credit of the country was
Haunted with truly reckless bravado as
the excuse for every extravaganza that
the Billion Congress perpetrated.
The Democratic party, so far from fol
lowing the example of it's predecessor,
has reduced the National expenditures,
and taken every possible measure to
check the %shrinkage of revenue 1t has
been embarrassed by traitors in its own
party, it is true, in readjusting the rev.
enue system so as to provide for the Ma
tiona1 needs. But how much more have
it's efforts been hampered by the Repub-
lican party. Even today, the same paper
which is in despair over the estimated
deficiency urges the Republicans in con-
gress to fight the passage of the Tariff
bill by every possible means, including
flibustering. 1t can be beaten, they
urge, by a determined fight, and at the
risk of still further exaggerating the
Treasury embarrassments, they urge,
that it should be beaten.
Such is Republicanism. Mere lust of
power is the party inspiration. In Ma
tional depression and poverty during
Democratic supremacy, they see hope for
their own return to the control of the
government, and SO every effort of their
press and their leadership is directed
to produce such depression and poverty.
Calamity bowling and obstruction of nee
essary legislation are, in their eyes,,
legitimate politics. The people be Van
derbilted, SO long as party wins.
James Smith, Jr., still receives re-
minders that the role of traitor is neither
a beautiful nor a safe one. There are
more on the way, too. One salutary
lesson tic politicians may b. CLEANED
from the replies now pouring in to his
letters of explanation. The people are
not fools. They canot be imposed upon
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