The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1895-06-22
THE MoEE7E...-,.

the next national campaign anu tnis
| fall will be injected as an Issue into
many state elections. 1t is matter
which should not enter into state
politics, but the l6 to politicians
will force the issue.
As it will be the leading topic for
discussion until the presidential
election of 1895 it behooves every
voter to take journals and read both
sides of the issue so he can vote IN
diligently and periodically on the
matter. we are frank to admit
that in this section the advocates OF
the free and unlimited coinage of
silver are in the majority, but ma
jorities are not always right. No
man should advocate a public meas
ure simply because 1t is popular to
do SO. He should study the cues
ton and vote as his Judgment die
tates without regard for the opin-
ions of others. That is the beauty
of free ballot.
Mr.. Carlisle, the leader of the
sound money advocates, has spoken
upon the subject and IN frank,
able and clear style has set forth the
reasons why the country should have
gold standard. He declares en-
phatically that he is not unfrlendly
to silver, but that the administra-
ton is anxious to keep every dollar,
whether, of paper, gold or silver
upon the plane Of equality.
There are people who have grown
so rapid IN their advocacy of silver
coinage that they will not read the
utterances of the Secretary of the
Treasury and give him credit for
honesty of purpose. But to those
who have no pre]udices in the mat
ter we commend the utterances OF
Mr.. Carlisle as the highest authori-
ty on his side OF the money question.
In his speech in Covington, KY,
he shows that the Dem ocratic party
is being unjustly censured for the
effects of bad Republican legisla-
ton. He states, aud of course he
speaks from official data that can be
seen in his office, that when Mr..
Cleveland went out of Office on the
4th of March, 1889, the government
had an ample revenue for all pur-
poses; the free gold in the treasury
was $l96, $50, GA; agriculture, COM
merce and manufacturers were in a
reasonable healthy and prosperous
condition. During the four years
of Mr.. Cleveland's administration
the sum of $34l,44s, 449, was paid
on the public debt, and at its close
there was left in the treasury bal
ance OF $3.50, 34e, 9l6. When theHar-
rlson administration closed on the
4th of March, 1898, the cash balance
in the treasury had dwihdled down
to 1852, $50, $40, including the gold
reserve, or 500, 450, ST. exclusive of
the reserve, notwithstanding the
payment on the public debt during
his term amounted to $l05, 900, 900,
less than during the Cleveland adj
ministration. Besides the receipts
of the government, which were
large during the HARRISON admins
tration, there we're turned into the
treasury trust fund amounting to
s54, 600, 200. Mr.. Carlisle stated
that the Republican Congress dur
ing the Harrison administration
would be distinguished in history
for only two things: l. The en-
actment of the Sherman law that
required the purchase of 81, 500, 600
ounces of silver bullion each month
and the issue of legal tender treas
ury notes to pay for. it. 2. The
passage of the Mckinley tariff act,
which largely increased taxation
upon the people and at the same
time diminished the governments
receipts. 8. The Inauguration of
the most wasteful system of public
expenditures that every existed in
this country in time of peace, the
evil effects Of which would be felt
for years to come. He shows that
there is general dispersion in
business in all parts of the world.
That this depression started four
or FIVE years ago by unwise fnan-
cial Legislation In Argentina causing
the failure of large London firm
that was operating in that country.
That Republican laws and RepubIi-
can extravagances has produced the
present difficulty existing in nation
al affairs and that the Democratic
party is not responsible. That it is
the honest endeavor of the admins
tration to keep up the national cred
it and to keep all the money of the
nation on parity.
The Truth of Baton Rouge, re-