The Louisiana populist., 1895-11-22
4 WICKED POLICY.
HARRISON'S SYSTEM CARRIED
OUT BY CLEVELAND.
The Paying Out Of Gold Only When the
Law Says Coin, Is Costly, Corrupting
and Degrading. aud President Cieve-
land Knows 1t.

=
alone. jefferson Illuminated doc
trine that the people, not the banks
and officeholders, should rule. Mr..
Cleveland maintains that he alone
should illuminate politics and rule the
people through money and public
plundering. Monroe illustrated
the doctrine OF Jefferson by
declaring that no European power
should acquire territory aud domin-
ion on the western hemisphere. How
does the acquiesence OF President
Cleveland in British aggressions
everywhere illustrate that doctrine ?
jackson had the coinage laws Of 1887
passed, which opened the mints to
both gold and silver upon terms OF
exact equality. Cleveland allowed the
mints to remain open for the
coinage of GOLD, but closed them
against the coinage OF silver. II
Cleveland is a patriotic American
what words OF opprobium would be
sufficient to condemn Jefferson, Mon
roe and jackson, whose policy was di-
rectly the opposite OF mis- Imperial
Majesty from Buffalo. The inheri-
tance OF bankrupt treasury from his
Republican predecessor is good, but
it would be better to tell the truth and
let the people know that the treas
ury was bankrupted b the joint ac-
tion of Harrison aud Cleveland. The
act OF 1890 made it the duty OF the
secretary OF the treasury to coin
sufficient OF silver bullion purchased
under its provisions, to provide for The
redemption OF the treasury notes is
sued under that act. Harrison re-
fused TO do this. but assured Euro
pean Spectators that the treasury
of the United States would be open to
them il they would present obliga-
tions of the government and they
might draw out the gold without
limit, although such obligations were
payable in either gold or silver.
Upon this assurance the Roths-
childs' combination undertook to
obtain gold from the United States for
the purpose OF funding the debt of
Austria, amounting to 81. 400, 900. 900
OF bonds payable in silver. into e.
500, 100000 payable in gold alone.
During Harrison's administration this
Austrian syndicate commenced re-
moving our gold, and when Cleveland
was inaugurated in March 1898 the sur
plus had been drawn down to the limit
OF 800, 900, ,00C. Carlisle hesitated, but
the courageous Cleveland declared
that if Europe wanted gold. although
the government had the option to pay
in silver, he would pay the gold alone
for the benefit OF European specula-
tors without regard to the interest Of
the people CT the United States. Our
courageous president then joined in
the hue and cry that the government
was bankrupt and would remain so
until the purchasing clause of the
Sherman act could be repealed. By
the patronage and power which
he possessed, and by COM
press which the banks,
owned, coupled with the ir-
resistible power OF money, he forced
the repeal OF the only law on the
statute book that recognized silver as
money, and limited the standard
money OF this country to- gold alone.
This is what the Pennsylvania Demo-
Gratis call Jeffersonian Democracy.
But the declaration of the Pennsylva-
MIA convention that Cleveland has led
1.-The people out OF the slough OF
dependency to the high round
OF substantial and increasing pros
perity," shows such ignorance OF
the condition OF the country or such
lying. that ought to make
rhinoceros blush. The conspiracy of
Cleveland Democracy and John Sher-
man Republicanism through their or.
gans to attempt to mislead the peo-
Pile and induce them to believe
that the misery they endure
on account of falling prices
and hard times is substantial aud in
creasing prosperity, is the sublimity
Of effrontery and cheek. The idea
that there can be any general
while the administra-
iion assumes that the paper
and silver dollars in circulation must
be redeemed in gold, and when the
only way to obtain gold is by borrow
ing 1t and increasing the national
debt, is absurd. Tho gold standard
and prosperity can not exist together.
The policy OF refusing to coin our own
money and borrowing foreign gold to
pay interest on foreign obligations,
must end in ruin. 1t may be that
few factories have started because
the supply of the commodities
they manufacture was exhausted. 1t
may be that 10 per cent OF the 40
per cent reduction in wages in some
instances has been restored. IL may
also be true that the increased de-
mapd for structural iron for building
purposes has increased the activity in