Sullivan republican. [volume] (Laporte, Pa.) 1883-1896, 1895-03-22
DEMOCRATIC DISTRESS.
THE GREAT ORGANS OF NEW
YORK CRY OYER TIE RUIN
THEY HAVE WROUGHT.

Trying to Shift the Responsible
ity-Therc is But One Remedy.
The New York Times, referring to
the outflow of gold from the United
States, asks the following very perti-
nent questions:
''Why did it go? 1t did not go for
nothing. 1t did not go to pay for
purchases of goods. 1t did not go in
80 great degree as III the past to pay
interest on borrowed capital. Invent
to pay for American securities which
foreign holders were not inclined to
keep-were, in PLAN English, afraid
to keep. Why were they uIraid?"
Assuming for moment that the
New York Times is correct in saying
that our gold has gone "to pay for
American securities which foreign
holders are not inclined to keep, we're,
in plain English, afraid to keep" let
us answer the question "Why were
they afrnid?"
English capital was not afraid of
American securities in 1892. There
was nothing the matter with Ameri-
can affairs during the two previous
years, or while the Mckinley tariff
was in effect without any certain
knowledge that it would be over
thrown, SO "why were they afraidP"
The weakening of the value of
American securities became notice.
able toward the end of 1892,
and Immediately after the elec-
tion to Congress of a majority of
the party that is pledged to free
trade, the election of whom, by the
way, was somewhat assisted by the
New York Times itself.
Early in the following year, in
1898, the depreciation in the value Of
American securities became still more
marked. The system of currency was
the same then as it is now and as it
has remained for many years past.
There was no hesitation as to the value
of American securities between 1890
and 1892 when our currency was of
the same stability as it is to-day. Dur
ing these years neither the New York
Times nor any other free trade news
paper could have thought of saying
with any degree of truth, as it does
now, that disaster and bankruptcy
are possible at any moment"
The New York Times knows just as
we'll as the New York Herald knows
that the value of American securities
hes only been depressed by foreign
holders since the advent to power of
that political party which was elected
by the New York Times, the New York
Herald and their ilk. The New York
Times knows just as well as the New
York Herald knows that the deprecia-
ton in the values of the securities has
nothing whatever to do with our our
rency, but that it is due to the fact
that this American country is cursed"
with such unpatriotic sheets as the
New York Times and the New York
Herald, which are forever advocating
policy that will render "disaster and
bankruptcy possible at any moment"
But now having brought this "dis-
aster and bankruptcy" right to our
very doors, or to their very doors,
perhaps, like the contemplate towards
that they are, they are afraid Of the
result, and are squirming around
seeking for some other reason than
tho true one and seeking to shift the
responsibility on to other shoulders
than those to which it rightfully be-
longs, which are the shoulders of those
editors with which this Country is
cursed" by their contemplate adj
vocacy OF the policy that cheapens
wages, ruins the people and makes
''disaster and bankruptcy possible at
any moment.
Following the lead of its two broth
ers in sin, the New York Evening Post
said:
"The fact is not to be discussed
that the financial situation is serious
and that the feeling of distrust in
American finances is growing both at
home and abroad"
The World also fell into line, say
ing:
'The condition of the Treasury is
again growing serious. It is
not strange that the President is in
quandary. With chaos in Congress
and helplessness in the Administration
the outlook is not agreeable.
As far as New York is concerned, we
have now seen the four leading free
trade papers, every one of which
worked it's hardest for the election of
u free trade Congress and free trade
President, acknowledging that their ad-
ministration has brought the country
into condition of bankruptcy bor-
dering upon ruin. 1t must be pleasing
for the Post to say that the present
Congress "sits supine and imbecile
from day to day" when its editor re-
members how hard he fought to se-
cure that supineness and imbecility.
1t must be gratifying to tie World to
have to acknowledge that there is
'chaos in Congress and helplessness in
the Administration" which it fought
to elect by the publication OF an unin-
terrupted tissue of deliberate lies.
Each one of the four Democratic
papers-the New York Herald. the
New York Times, the Evening Post
and the New York World-has to ac-
knowledge the utter failure and in.
competency of the leaders OF its party
to administer the National affairs of
the United States without bringing
the country to the verge of bank
ruptcy.
II we felt assured that the lesson
thus learned would be of benefit to
the fools who edit these papers We
would be content, but this will not be
the case. They have seen things go
fro,., hal 70 u,orua duriuor tha 1aat kwo