The Coconino weekly sun. [volume] (Flagstaff, Ariz.) 1891-1896, 1895-10-10
THE TREASURY SITUATION.
Deficit Creating Methods Of tho Demo-
cratic Administration.

Deficit Creating Methods Of tho Demo-
cratic Administration.
The present administration has re.
duced the treasury to the most humili-
ating condition it has ever been placed
in, either in time Of peace or war. 1t
Is absolutely Mt the mercy Of the banks
mot of all the banks combined, but,
what is still moro humiliating. of a
very small number OF them. The
banks and bankers that have the treas
ary Mt their feet can lie counted on the
ingers of the two hands, and leave sew
.ral digits out Of the enumeration.
In one sense the treasury is in a posi-.
ton Of supreme strength. If to-mor-
row it invited bids for a loan of two,
hree or four hundred millions of dol
Iars, offers aggregating three times the
amount would pour in on 1t before the
End of week But neither Mr.. Cleve-
land nor his party has had any part in
bringing about this superb credit condi-
ton. 1t is the result of republican
craftsmanship. republican economic
policies and principles, republican OBJ
'ervance Of plighted faith, from the
lays Of Lincoln down to those of Har-
rison. The four great achievements of
the republican party are: First, the
preservation Of the union; second, the
abolition Of slavery; third, the up
building Of our manufacturing indus
tries under the protective system, and,
fourth, the elevation of the national
credit to the highest point it has ever
reached in our history.
An analysis of the unsatisfactory
we will not say disastrous-conditio
of the treasury must convince every
impartial person that Cleveland and
Carlisle are in their present financial
plight because of the successful assault
they and their party in congress made
IN the tariff policy of the republican
party. In their desire to get as near
as possible to free trade conditions a
law was enacted which, in its revenue
producing provisions, is inadequate to
nest the current expenses of the gov
.rnnent Home and foreign fnanciers
were the first to realize this fact and
to prepare to profit by it. No blame
can justly attach to them. Their bust
ness is to make money in every way
possible. When they open their vaults
to uphold political parties or to
strengthen governments, personal az
yrandizcment is their chief considera-
ton. They look, first. to the security,
and, second, to the profits to accrue to
hem. Their transactions are not
based on sentiment. If their opera
ions rested on so fiimsy foundation
houses would be no better
han SO many annexes of a lunatic asy-
UNI. But the banks are not in that
The treasury, under the
Carlisle management and
is the financial mad
iouse, and it must afford keen enjoy
nent as we'll as substantial profit to
he chiefs of the gold syndicate" and
heir associates to see the amusing
mites of the lunatics in it.
The latest news from the boss bed
amite and his secretary is that they
will not order another bond sale to
maintain the gold reserve before the
Meeting OF congress- This determine
ion, we are told, has been arrived o t
because a new bond issue, while it may
ave the treasury and help to preserve
whatever stability there is in business
would have an injurious
fleet on the approaching elections.
What does this mean? That the ma
IN n Ia h..
With in order to help out PARTISAN poll
icians and policies in the states where
lections come off in November. This
) the most reprehensible exhibition of |
pernicious political activity" on the
art OF national administration that
re have ever had. 1t is the admission
hat the treasury department, as it is
ow conducted, is, first, machine to
nrich banking syndicates; and, second,
nat its operations are directed with a
lew to influence state elections, and
OF conducted, as they, should be, on
riot business principles. With this
razen announcement comes the addi-
onal one that when congress meets
10 next republican congress elected
4 a platform repudiating Cleveland.
IN and all that it implies-the presi.
,nt will throw the responsibility"
" the present condition OF tho treas
~ on the legislative branch Of the
overnment. Mr.. Cleveland is an adept
the responsibility throwing" bust
sss, but his trickery will not go this
Ear. He cannot fool all the people all
le time. The responsibility for all
lat is wrong and rotten in the finan-
al situation rests on him and on his
irty. He and it made law that pro-
ices deficit, instead of adequate
venue as it should produce. That is
ny he is borrower and q beggar at
lc doors of the banks.
Noresponsibility for this humiliating
tuation rests on the republican party.
N. Y. Recorder.
nenner 10 -tH a