The Coconino weekly sun., 1895-03-07
DESERVED DEFEAT.
\ Political Trick to Cover . Shady
 Transaction.

WnlCn was Qe1eateO III Jne mousse dS III any sense bond bill has been fraud. If passed, it would have authorized only limited issue of bonds to par ,icular firm or syndicate, and to no other buyers, and it was never in tended that 1t should be passed. 1t was in no respect decent or honorable attempt to meet grave national diffi- culty. The ten days option given the bond syndicate, everyone knew, would expire February IS, and the resolution could not possibly apply to anything except the transaction with that par ticular syndicate, nor to that transac- tion except during the time stipulated. Both parties to that contract knew ab- solntely, when it was made and down to the final vote in the house, that the resolution could not have any effect whatever, because it could not be even considered in the senate within the time named. Had it passed the house when the vote was reached, every mem- Der of both houses knew that it could not have reached a vote in the senate. It was little short of an insult to rep resentatives of the people. Palpably offered only as political trick, to cover transaction which neither party in either house would have approved, it met the condemnation of larger ma jority than has been cast against other, and in some respects more objection able, measures offered by the admins tration.
 Are we not all patriots to-day, and compelled to uphold the credit of our govcrnment?" Why, of course. Ifany | inquirer has an honest doubt about that, let him look back over the record of thirty-four years, and observe how the republican party has upheld the credit and the currency of the nation in every emergency. Men have for gotten the lessons they learned in in fant school, or should have learned, if they do not know that republicans vii. do as much and go as far as any body else to insure sound currency and maintain the honor of the coun- try. If that is so," men ask, "why do republicans refuse to vote for the vari- ous bond bills the president has pro posed?"
 Men and brethren, it will pay you to be little honest in this matter. President Cleveland never yet has pro posed simple bond bill without some sort of attempt to buy the favor of wildcat-bank men, or greenback- haters, or silver fanatics, in the very same bill. Into every bill that he has offered he has persisted in putting ruinous or dishonorable conditions. Doing this consistently to satisfy the worst elements of his own party, he all the time complains that republicans will not swallow his nauseous and dangerous doses. Had he tried just once naked bill authorizing the issue of gold bonds, solely to protect public credit, he knows we'll that republicans would have voted for it, but scarcely any democrats.
 It is time that this contemptible at tempt to make capital for the demo- cratic party out of the necessities of the country should cease. Journalists and public men have engaged in it whose eminent fitness for more decent things makes it merely disreputable for them. The,president knows right well, as his friends know, that he has all the time taken pains to incorporate in his finan. cial measures various provisions which republicans could not approve. More than a month was wasted by the presi' dent and his secretary of the treasury in trying to water the democratic scheme for wildcat banks into life and growth. Had he proposed, in place ot that reckless measure, any such bill as he and his friends profess to wan, passed, it would have passed long ago Neither do republicans believe in re tiring the green backs, for no better purpose than to enable bankers to con trol greater share of the currency, Yet the president wasted weeks more in n jealous endeavor to force measure of that sort through the house. Even less excusable was the attempt to force small silver notes into the hands of the working people, in place of the notes redeemable in gold.
 Had the proposal for a gold bond come alone, and at any time wher there was ghost of chance that il could pass, it would have deserved and received serious attention. It did not suit the presidents plans to offer it ir that way or at any such time, and he has his reward. After he had beer lriven out of every other financial pro posal he had made, there came thi: shabby trick. proposal to ratify tho contract lnade with foreign bankers and yet at time when it was certain that three per cent. bonds could not bt Iegalized. Thus by majorities of botl parties in congress it was beaten, ant with it every plan of a financial char acter which this administration ha, yet submitted.-N. Y. Tribune.
 Remember the Factsl
 ] Why purchase gold? To restore thu ) gold reserve to the S100,O0O, ,0oO limit