Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1894-09-20

OIL Decduo law luls Oil II uot oh "S
hoped for. and yet taken as a whole il goes
further in the direction OF relief to atax rid
den pc ople than any bill that has been con-
sidered in any congress since the war. It's
reduction Of rates is greater than those pro-
posed 10 either the Morrison bill or in the
Mills bill. II strikes at trusts and monopo-
lies. II reduces the cost Of necessaries of
life. It to some extent opens our markets
at home and enlarges our markets abroad.
II promotes agriculture. II encourages man.
ufacturing and it will add TO the comfort
of millions of our fellow citizens.
We have repealed all federal election laws.
Laws which permitted the interference OF
outsiders with our domestic affairs and which
we're used only to defeat the will Of the peo-
pie. Henceforth Georgia. as well as every
other state, will manage elections in accord
ance with their own laws and elections will
be free and fair.
We have passed law which subjects to
taxation by the state more than $500. .0O0, 900,
which, under Republican laws, was exempt
from taxation, thus relieving to some extent
the burdens of the taxpayer. We have re-
duced public expenditures some $4,000, 600
for the current year.
With this record, who can assail us? Our
ancient adversary, the Republican party,
though not strong in this state, is the enemy
we must meet. When Democracy suffers
defeat RepuSlicanism will be triumphant.
Here at home we are challenged BY the Peo-
ple's party. This organization has candi-
dates and it has platform of principles.
OF its candidates shall cay nothing. They
are presumed to be as good, hope they are
better, than their platform. That platform
contains some planks which are new and
some which are old. Those which are valu-
able are not new and those which are new
are not valuable.
While we have not done all we hoped to do,
we have done more in the past year to redress
the wrongs of the people;we have done more
for their relief than was ever done by any
party in the same length of time in any
country under the sun. These are bold words.
yet hold myself at all times ready to defend
them.
Coming into power at a time of panic,
when business was at a standstill. when Ia
Dor was unemployed, when our treasury was
empty, with courage and fidelity we entered
upon struggle with the enemies Of the peo-
pie; we emerged from that struggle victorious
in this: We have repealed the Mckinley law;
We have greatly reduced taxation; we have
made living cheaper; we have made all mon
ey taxable; we have taxed surplus incomes;
we have restored freedom of elections; we
have reduced public expenditures, and we
have declared undying hostility to all trusts
and monopolies organized for the oppression
Of the people.
On these foundations w" build our house,"
on these issues we go before the people. For
them we have "fought the good 6ght;" to
them we have kept the faith and to them
we have no fear.
In opening his remarks the Secretary of
the Interior Hoke Smith reviewed the finan-
cial troubles of the past eighteen months
and congratulated the south, as well as Geor-
gia, upon the excellent showing made. The
attention of the commercial world had been
attracted and he pre- dicted for this section
period of development and marked prosperi-
ty such as was never before experienced.
MIR. Smith paid his respect to the theories OF
the Populists and, reviewing the folly OF
their schemes, said he would be sorry in
deed to see the state of Georgia fall under
such misrule as that of Waite or Llewelling.
In referring to the financial problem he
said that to be successful bi-metallism must
be had by international agreement and did
not believe it would be success in the Unit
ed States alone.
He passed from the silver question to the
commercial situation and said that the whole
administration of Mr.. Harrison, with the
exception Of the first year, which received
its impetus from the excellent financial con-
dltions existing at the close of Mr.. Cleve-
lands term, was one of falling revenues,
increasing expenditures and heavy expor-
tation of gold. The receipts during the
Cleveland administration were $62,OO0,OOO
less than during the Harrison administration
while the total expenditures were over $2Sl,
O0O0CO less. Twenty-Five millions dollars
in gold was imported into this country in
excess of the amount exported during Mr..
Cleveland 3 term, while Mr.. Harrison retired
from Office with net gold balance against
us Of nearly $15s,OOO 900. These figures are
8 artling. The net exports of gold during
the last three months of Mr.. Harrison'a
administration amounted to $a6,OOO,O(0
while the net exports of gold during the
fiscal year ending June 80, 1894, amounted
to but $4.5sO,0OO.
During the Republican administration
expenditures increased at the rate of $780,
100000 year, while the revenues decreased
more than $3.50 1000 annually. Mr.. Cleve.
land retired leaving surplus in the treasury
of $23e, e,34s,C90. Four years of Republican
misrule reduced the surplus to $62,450, ,0O(
with charges fixed for the ensuing yeal
amounting in round numbers to $500 o,0C'
in excess of the revenues.
The condition of the treasury known t
the financial world occasioned alarm, les
the government could no longer maintain
at par the enormous burden of 100000 4
Of silver dollars intrinsically worth abou
65 cents on the dollar and $l50,0OO.OC0 o
Sherman notes, predicated on silver of tn,
same character. This was not the only caus
of the depression. Financial panics may b.
expected about every twenty years, judging
by the past history of this country, and on
was due in the early 1905. The Bearing fail
ure in London also was largely responsible
for the Generalization of business.
! Mr.. Smith closed his speech with Ell ap
, peal to the voters of the state to remain tru
I to the Democratic principle OF sound none
inangurated by Jefferson, supported b
Ju,kLan opd praearvod hu NIaualond