The Vermont watchman. [volume] (Montpelier, Vt.) 1883-1911, 1895-12-25
Another Cleveland Exhibit,

The presidents lack of candor, or ca
pacity for understanding, in dealing
with the question of the gold reserve,
the income from the several loaue, and
the government expenditure S, is only
one instance OF the kind that is con
spicuous in his message, The truth in
the subjoined ar,ic e from the New
York Sun is What makes it so very cut
ting, and The exposure Of the presi-
dents ignorance, or hardlhood in pre-
Stunning upon the creduity of he pub
lie, so very humiliatiug. The Sun says:
Some figures and statements in the
last presidential message directed at
The ende9schau CITATION for green
back suppression nave a queer look
when pot by the side of certain other
figures ana statements found in he last
report Of the secretary o The reasury,
The Hon. John G. Carlisle. Mr. C.eve-
land wrote 10 congress under he date
OF December g.
The secretary of the treasury reports
that between July IA, 1890, the late OF the
passage of the law for the increased pur.
chase of silver, and the first day of De-
cember 1895, or within less than five and
half years, there was withdrawn nearly
S375000,000, making a total of more than
$403 000 600 drdiUn from the treasury, in qOLd,
since January /, 1879, the date fixed in 1875
for retirement of United States notes.
Amy one who did not know better
would believe from this that the end
less chain of gold drawing greenbacks
had been doing nothing but pump the
treasury uninterruptedly for sixteen
years.
con January l, 1879, the date prop
erly selected by the president for end
less-chain exhibition purposes, for it
was the beginning of specie payments,
and the chain was then put in its pres
ent place, the net gold in the treasury
was Sl14, 1913 1850. 1t reached the top
notch of $219,9SS,2 in 1888. The
chain was working in manner that
pumped more than hundred millions
of gold into the treasury in nine years.
Gold never sank 10 the 1879 point until
July of 1892, but by October of that
same year it had risen again TO $124,-
006, 100.
"On the day of Mr.. Cleveland's cleo
ton, the national treasury's gold bal
ance was more than 1924 100000, or
several millions more than 1t was the
day the chain began to turn. Mr..
Cleveland might have set off the large
influx of gold against the S403, 100000
of outgo specified by him, but he pre-
ferred TO pass it by without notice. He
didn't mention it. Even down to 1898,
when industrial paralysis from the
threatened tariff revision was strong
upon US, a good part of the gold i'm
ported during the months of August
and September, 1898, says the report of
the secretary of the treasury, from
which We have already quoted, 'also
found its way into the treasury
The endless chain began to operate
in truth after the Hon. Grover Cleve-
lands second introduction into the
White House. What part in keeping
it in motion is borne by the threat of
free silver, what by the Encouragement
of the tariff, what by the tariffs failure
to produce sufficient revenue, what by
the astounding discredit cast on the de-
mocraCy's good name and on American
politics and American securities by Mr..
Cleveland's attempt to establish pop
ulist income tax, what by his infamous
blessing of the Homestead murderers,
or what by his many ominous denuncia'
tlons or capital as greedy, sOrdid, and
calling for chastsement, it is neither
possible nor necessary to decide. What
is done, is done.
How many book. keepers, working
in private offices, have been discharged
in disgrace and suspicion for mis- cad
ing jugge with figures less ven,uresome
than the above juggle perpetrated by
Honest Grover"
The Standard Dictionary.