The Daily Texarkanian., 1895-02-04
THE FINANCIAL SITUATION.

w llu Il L iSSiuSuI pSlNNl tlhB AhS
high Office he occupies, to the use
and behoof of Eastern plutocrats
and goldbug spectators, it is no
wonder that the financial situation
is becoming more and more serious.
Mr.. Cleveland vetoed the silver
seigniorage bill, and well do the
Democrats in Congress know that
it is worse than useless to pass any
measure toward silver coinage, or
otherwise, for the true relief of the
people, as the President has said he
would veto it, Nothing but gold
bonds will satisfy Wall Street and
their faithful ally, Cleveland, With
| in ten months he has run the govern
ment in debt $lOO,0O0,O0O, pander-
ing to these money sharks, whom
he claims forced him to issue bonds,
and has said in a message cOlld
cause five or ten times this amount
to be issued, In this same message
he advocated the most extreme
eoldbug theory--the issuing $500,
600, 900 in 80 year gold bonds, with
which to retire the same amount Of
treasury notes, with no money to
take their place-bOld faced con-
traction, as well as turning the
country over to the goldbugs; also
asked that all important duties be
paid in gold, OF course true Dem.
ocrats and patriots can never thus
be led over into the camp of the
enemy. The responsibility Of the
situation, the President falsely
tries to shift upon Congress, by
message, AS stated before, the
hated veto stands over Congress,
and it can do nothing, except to
follow his dictaton, which can not
and will not be done, thank God
As the Batesvile Guard saysi
"Mr. Cleveland first invites the gold
spectators to make a continuous
raid on the treasury by publicly
assuring them that he will issue
bonds as often and in such amounts
as may be necessary-the practical
effect of which Is to give the gam
blers an absolute mortgage on the
treasury. He refuses to use the
means at his command to check
their operations; will veto the
measures which Congress would
otherwise promptly adopt to pro-
tect the treasury and yet will I'M
sist that the public acquit him of
all responsibility for the condition
of affairs that exists now and may
follow herealterI
The gold has been thus drained
from the treasury, until it is now
below fifty millions, and the Presi-
dent 1t is said, will issue 800, 600, 900,
in gold bonds, which will do the
country absolutely no good, but a
vast amount Of harm, as this
useless debt thus created will have
to be paid later on
Congress should put veto on the
President, and stop his issuing such
bonds, 1t could repeal the resump-
ton act and do this very easily
This socalled resumption act, passed
by the Republicans about twenty
years ago, has been fake and a
fraud all along, We had ten thous.
and times rather see every evidence
Of indebtedness against the coun-
try destroyed, and greenbacks take
their place, than to have the gold
bugs and money sharks run 1t on
gold basis, The latter would cause
more desolation and disaster to The
common people, than has all the
wars and peStiIences combined ever
brought about; the former would
prove a boon and bring plenty and
contentment to the same class,
while a few thousand money sharks
alone would suffer the loss of a part
of their capital, which would en-
tail no suffering,