The midland journal. (Rising Sun, Md.) 1885-1947, 1895-01-18
cleveland's Incompetency.

Cleveland begins to show signs that he
feels he is hopelessly lost in his financial
fog, and Wall street, that has served as
his JACKIE lantern, is getting very uneasy.
Their "gold basis" monometal,"
Single standard" theory is failing them
when test is threatened. The national
bank system, too, is turning up faulty.
When money was plenty all financial plans
worked we'll as long as Uncle Sans credit
was behind them, but when the gold
bugs have had their way and have de-
pleted the country of its circulating me.
dunn, every thing is on the eve of break
ing down. The Wall street papers in the
most lugubrious manner, from week to
week tell their readers the same melan,
choly story that business is not improving,
and thatthere is no change for the better
i'll sight
There was never a public man with a
fairer opportunity to make his term one
of the most prosperous i'll history, and
through pure incompetency and pig
headedness, made such failure and by
his laundering and economic ignorance,
brought upon people such a season of
ruin in every line of business Had Mr.
Cleveland administered the laws in letter
and spirit, and with common sense, the
calamity which threatened the country at
his Inauguration, would have been avoid
ed and no panic would have been brought
OH the country, and business would have
moved steadily, though of course slowly
on account of the conditions which had
been brought on by the gold ring system
practiced for so many years previous.
The Sherman law was adding 81, ooo,-
900 monthly to the circulation of the
country which checked the tendency to
contraction that the gold basis, and mon-
onetal system steadily tends towards,
The laws governing the payment of all
demands OH the treasury are as plain as
the nose on your face ordering all such
demands to be paid in coin, and giving the
Secretary of the Treasury the option to
pay III any WIN VI lSSdl lSl'tSi III 1lio
possessipn He had between four hun
bred and five hundred millions in silver
dollars and upwards of one hundred mil
lions of gold i'll the treasury. Had Mr..
Cleveland and his Secretary Carlisle,
been guided by the most common, every
day principles of business, when New
York agents of London Jew bankers took
a million greenbacks and legal tenders to
the sub-treasury and demanded gold i'll
exchange for them. and had told these
gold shippers that the law of congress
made it optional with the Secretary to
pay i'll either metal, which in his discre-
ton would serve the best interests of the
people, and that they could have all the
silver they desired to ship to Europe,
there would have been no further de-
mands for coin. The treasury would
have remained full of gold and silver and
business would have gone on through the
country without a jar. But wher the
President and Secretary violated both law
and comon business sense, and published
to the world that the United States had
but one hundred millions of money of
final payment and that the millions of
silver dollars i'll the treasury were of no
value to the government in its monetary
transactions, then the business of the
country began to be alarmed, and the
gold money gamblers saw their opportu
nifty to begin system of plumber and they
at once set about putting it i'll operation.
From that hour to this things have gone
from bad to worse, and to Cleveland's
puffed up egotism and utter unftness for
the place he fills to disgrace, is justly
chargeable the dreadful conditions that
now prevail.