Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1895-02-07
me sITUATION.

tOuoeiuE a. RGc po-leF uRt-
lined IN his former message 20
Congress. which policy has been
carried ont to the perfect salts
faction Of the bankers OF Wal
street, and the money-lendiDg
classes throughout the world.
snd TO the hurt aud hindrsnee
of the commercial and bushes.
interests. and the absolute de
mors'iEsiiOE Of all Industrial en-
'erprises, Mr.. Cleveland again
comes before Congress and asks
such prompt and effective &C
ton as will restore confidence
and avert business disaster and
universal distress among the
people; aud offers as the rene.
dy. the same old Hoaum which
has already been tried wi,kOu,
success aud benefit, save 10
those, who, it is charged, are
the O~riginators and the direc;
benedeiaries of the PIics Of the
administration, to-vi,: the bank
ers of Wal street,
Now let's review the poliey OF
the administration in the light
OF developments since the De
ginning of our financial embsr-
rassment, and see what the re
suits have been thus far.
The PresIdeut N his FRS; mes
sage recommended the uncOn-
ditiOnzl repeal OF the Sherman
bill, thereby demone,izing sill
yer, with the assurance aud DIS
tlnct understanding that 10.
only wOuld confidence be re-
stored and our credit abroad
preserved. bat also the gold re
serve in the Treasury would be
maintained, and tie national and
general prosperity would be re
stored.
Did these things come to pass.
Instead we found = greater con-
traction of the currency, even
less confidence in the money
centers; more sisgnauOn, aud
even a total stoPpage in some
lines of business, aud depart
ments Oh trade, aud . breaking
down of our credit abroad. 80
that If became necessary, in OF
der TO preserve our national in
tegrity and 10 maintain the gold
reserve TO issue sJO,00O,O0O in
bonds Then Congress, alsrh-
ed NJ the predicsmeni our fnan.
Gee seTe in. aud TO relieve the
situation, passed the seiguiorags
bal, and hoped by this means Il
avert the impending calamity
But Mr.. Cleveland, wiser thar
bis party, vetoed the measure
because II would ~chespeI
money and impair cur credit
And soon aaOihe- bond issue ol
sJJ.eooOO9 became Necessary Il
order TO -resiore confidence
and promote the general pro.
peTity. aud TO re6ll the Treasa
~ Of the United States whIel
has been depleted b. the Nth
drawal of these interest bearing
foreign securities, xhieh srs
alone redeemable, under tie
construction Of the Secretary o.
the Treasury. IN gold. And nos
the country seems TO be IN a
worse condition than ever be
fore; and tine gold reserve 4.
so far below the requirement,
Of the Law that it 10 recommend
ed by the PTesilsa. that $50.
Oo0.Olo in bonds be Issaed IA or
der 10 preserve our nationa.
eIedik' and standing abroad suS
10 restore that same ole -esu1
denee which Is so much seed
Ell to make the wheel. CT gov
eminent turn.
Two classes are interested /,
the outcome, and are Eatcaiu.
the situation siih eager anxiety
the money lenders aad the con
mon peOple-the masses Tue
former are living il ease ars
luxury, and heartily endorse II,
pGh@y % tie admins rasz
While fae latter are striving. ans
tOili1g, and suffering. and hop
ing for the relief which IN,
Democratic party promised III,
eOGrtry, aud waich nov seSui
80 far of