The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1895-09-27
DEMOCRATIC FINANCES.

The real difficulty of the treasury today,
the fountain head of all its embarrass-
ments, is the fact that 1t is not taking
in nearly enough mnoey to meet its cur
rent liabilities. AS long as this state of
things continues there is nothing to be
done but to pile bond issue upon bond
issue, and keep on adding to the national
debt In time Of peace to pay current eX-
penses.-New York Recorder.
If the president is content TO leave legls-
iation TO congress he can at least throw
upon its shoulders the burden Of any
future bond issues. If he and the repre-
sentatives Of his policy in the upper house
refuse to act with him the Republican
majority in congress, perslsting in main
tanning party lines on this question, there
WIZ be a succession Of bond issues, with
al the accompanying disturbance and
uncertainty until after March 4, 1897
Buffalo Express.
The reports that the government has
completed arrangements for another bond
Issue, or at least that It is contemplating
such an issue, grow more definite. I'm
der the circumstances, In the fix in which
the government has gotten itself under
Democratic control, new bond issue
may be the only way out and the only
way to avert another panic; but the peo-
PIE will not be in a hurry to forget the
wretched Democratic legislation ana
management that led up to and necessi-
tated these bond issues.-Minneapolis
Tribune
The only common sense way while the
currency laws remain unchanged or at
least until their construction by the
4 t..
now, is to raise enough revenue to in
sure a surplus in the treasury that shall
compel respect from everybody. Conf
dence was wrecked by cripphng the
source of supply and the De nocratic
party is responsible for it. The distress
wiz not wholly subside until past condi-
tions are restored and the government be
put in shape to pay its bills and at the
same time protect American industries.
KANSAS City Journal.
Evidently the bond syndicate is work
ing both sides Of the street" After bum
koing the government out of $4,000, 900
on the last bond issue, it is now milking
the market IN Wall street by letting the
reserve go abroad in great gobs and thus
depressing prices to cover its short sales
of shares at a big profit, Grover, put
your cyclone collar in order.-Denver Re-
publican. ct can hardly be called bun
koing" The cod facts are that the free
silverltes in congress refused to agree
to the repayment of bonds in gold which
sold for gold, and insisted that the bonds
sod sholid read payable, principal and
interest in coin--silver worth fifty cents
on the dollar as soon as free silver 16 to
1 biz was enacted. 1t was this scheme to
cheat that bunkoed the government out
of IL millions of dollars.-Chiclgo Tri-
bune.
If there is to be another bond ISSUE
instead of appealing to syndicates the
administration should appeal to the peo-
PIE and issue a loan in such shape that
the people can invest their small savings
In it, If the bond issue is to come,
as seems inevitable, let preparations be
made at once to appeal to the people
for a popular loan, instead of waiting
til money is necessary to avoid a catas-
trophe, as before the last issue, and then
making the best terms possible with a
syndicate organized to make profit
Louisville Commercial. Of the appeal
to the people for a popular loan" is made
1t will never be taken by them If the
government exacts god or its equivalent
and refuses to repay in as good money
as 1T gets. 1t must promise to pay both
principal, and interest in gold. No 16 to
/, free silver so cents on the dollar viii be
accepted. Chicago Tribune.