The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1895-02-09
The Democratic Advocate.
MD.
SATURDAY. FEBRUARY 9. 1895. !
Some Plain Facts.

! ne IfeSluehl ; nnahcltll Nu8geSllouS' gwen
TO Congress last week. and which were pub
liShed in the last issue of this paper. do not
seem 10 have suited anybody but bankers.
boards of trade and newspapers owned by
milhonaires. The real meaning of ii was
the continuation Of a national banking system
that the bulk of the people want amended,
and clinching its existence tnr long period
1t meant gratuity of ten per cent Of their
capital stock 10 all national banks, while the
people pay the interest on the bonds to secure
the increased circulation. It meant the con
traction of the currency some half billion
dollars. minus the ten per cent. gratuity to
the banks, and meant perpetual demonetza-
ton of silver. or until the nations of Europe.
in their own good time. see proper TO enter
into an international agreement. this country
included, to use silver.
Had Mr. Carlisle been permitted by Mr..
Cleveland to manage the Treasury Depart
ment in the way he first intended, by offering
either gold or silver. in his discretion, for the
redemption of the notes of the Government.
Wall street would have been powerless TO de
plete the gold reserve and Congress could
have been free and unhastened in amending
the banking and currency laws. The Treas
ury Department has been wholly at the mercy
Of the New York banks, They have twice
forced an issue Of bonds to procure gold in
about a year, and another issue is about to be
put ont, making third and aggregating
500. coo, 600, which is the amount thar will
have been added to the public debt since
February, 1894,
There was one notable omission in the
President message While asking Congress
to rise to the plane of craftsmanship and deal
with the financial situation impartialy and
with the view Of sustaining the national credit.
he omitted to suggest TO the bankers who
have been despoiling the treasury Of is gold
10 rise TO the plane of patriotic citizens. and
desist. much less lecture them severely. a he
did coordinate branch OF government be
cause It failed to meet his views on two little
paragraphs Of the tariff hill But for these
two lectures. delivered through Wilson and
Catchings. there would not have been the
division in the Democratic party last year
that ~ost a loss of both houses Of Congress,
besides many states
Mr.. Cleveland. in his letter of acceptance.
declared distinctly for .frcer raw materials,
and disclaimed any idea of ultimately APP
preaching free trade. Here is hi exact Ian
guage-
We believe the advantages OF irr,r Material
should Be accorded TO our manufacturers ami We
contemplate fair and careful distribution Of necCs
sary taria harienS rather than the precipitation p
free trade
The people who clamored So loudi, and
persi>tently for his nomination and forced il
with harrsh mequaled perhaps in a Demo
cratic national convention. were particular
to claim that Mr. Cleyelaud> record Was
platform ITSELF and the dciveranee Of the
convention was Of secondary importance.
Congress took Mr. Cleveland q, his word for
fyeer raw material ia reference to coal aud
iron. aud cut the duty ga each ncari, half in
two.
A lack Of revenue under thr present law.
which has not yet been put Ia iull operations.
mas caused the treasury 10 use the gold ,.,-
cured hy the issue of bonds 20 meet rhe eur-
rent expenses of the government Revenue
certainly cannot be raised hy removing al tax
from imports; and, while the revenue from
coal ansi iron under tax ct - cents a ton
each did no, Yield much revenue. particularly
frorl coal. tina, httle-several million, -pouid
have aided the government TO meet H. oIiiga
tions. Aud the reduction ri The duty ought
to increase imports. aud consequently the
revenue Of the government
The whole financial tungle aud disagree
ment between Congress and the Executive is
not wholly the fault Of the former. II 6. pos
sible they are not entitled Ia more than half
the blame. but the bulk Of the people Of the
Eastern Democrats and Republicans
alikc-misled by INSCRIPTIONS organs q bond
holders. national bank officer, and spectators,
have been pleased 10 hold the one side 10 ths
division as right only, and several hundred
Representative and Senators a. wholly wrong
These Journals know they are misleading and
misinfouming the people. They represent
the money power. the Shylocks that uoaid
add to the public burden, by increasing the
bonded debt. that spectators may thrive aud
the present banking system be retained. thai
would secure grgtuity Of ten per cent, ef
their bank stock in circulating notes. without
any cost other than the printing ct the Notes:
that would further Cypress the farmer anil
debtor class by contracting the currenc, and
making money more dear and harder To earn
Congress has been slow and dilatory il
has been properly ceusured for this. and this
tardiness is somewhat chargeable 70 the Pres
ident, who never undertakes 10 advise. but
rather 10 drive the Congress. Congress should
have dealt promptly, and with viea to the
general good with the matter, Of taxation
and finance. and leave 70 the President his
prerogative to endorse or reject the measure,
presented to him.
The same money power that believes in cur
rency contraction, bank gratuities and increas-
ing the public debt is the same power thar
has been sufficiently influential in defeating
reassessment in this state. Their organs the
Baltimore Sun. News and American. particu-
larry the two former, are trying to stave of the
assessment question again. and are cndesvor-
ing to raise false issues to divert the people.
An assessment on the lines OF the Con-tiiu-
ton would make the moueyed class pay "a
just proportion of the public burden. aud this
they are trying to avoid,
If the people want new assessment law
next year. they should not be mislead by the
sophistries Of the organs Of the money power.
They must stand for new assessment as the
main issue, and avoid all attempts TO create
diseord and faction by the interiection IN the
canvass Of personal polite, and side issues.
intended only TO deceive and 10 defeat the
passage Of law to equalize the burdens Of
governmental lift part of it from farming
lands and place It on capital that !, now cS-
empt
Three bills, relating to electric railways.
have been reported favorably in the Penu>yl-
yania House Of Representatives. one per