The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-12-17

sLAISE,s PREDICTION FULFILLED

A. II
In 1850. the tate James q. Blaine wrote
letter to President Arthur. IA ths course OF
which he said:
'If anything should change or check the
balance In our favor In European trade.
our commercial exchanges with Spanish
America would drain Us Of our reserve OF
gold at a rate exceeding 100000. 600 per an
mum and would probably preeipitate sus-
pension or specie payment In this country"
Something has occurred TO change the
balance in our favor. and the reason the
prophesy Is not borne out entirely Is because
In order 10 avert 4. the government has
issued bonds 20 an amount greater even
than Mr.. Blaine supposed would be neces-
sary. enormous aa that sum appeared at
tie time OF his letter. Many Republicans
thought this 20 be an exagseration. but they
AZ least gave Mr.. Blaine their loyal sup
port The Democrats secuted the idea en-
tisely.
IL Is interesting 70 note how they dealt
With the subject OF revenue in their very
next platform. and Il Is Instructive 20 COM
pare the views expressed by the leading
Republican statesmen ana those OF the
wisdom ~ the Democratic party In its high
est councils
THAT a change Is necessary" says the
platform OF 1854. is proved by az existing
surplus % more than Sl0000o. 900. which has
yearly been collected from a suffering peo-
pie. We deaounce the Republican
party for having failed 10 relieve the peo-
pie from crushing war taxes which have
paralyzed business, crippled industry and
deprived labor OF employment, and just re-
ward"
II need hardly be pointed out that the
sioo.0oo. 900 surplus has entirely disappeared
and Il can hardly be claimed that It's dlsap-
pearsnce has Ia any way tended TO relieve
either paralysis OF business. crippled indus
try OF unemployed labor. Had any man IN
isS4 foseseea what the policy OF making the
surplus disappear would entail ln lS93. 1894
ard Uses. he would undoubtedly have follow
ed the advice OF the great hard and elected
rather TO bear the lis he had than fly 70
others he knew not OF.
But the Democrats ala not stop a; con
domnaton OF the Republican policy. They
empha,cally pledged themselves 10 bring
prosperity and afford good government.
The Democracy pledges Itself" SAYS the
Same va!aglorlous document. 20 purify the
administration from corruption. TO restore
economy. 20 revive the respect OF the law.
ard to reduce taxation TO the lowest rmlt
consistent VITA due regard to the prsssr-
walton OF the faaa OF the nation to lis cred
itors and pensioners"
The PGrincation has consisted mainly IN
removing Republicans IN order 20 make
room Ter Democrats and then applying civ
81 service r4les 50 as 80 give them lifelong
positions. The restoration OF economy has
become the pluaEing 81 The country into
an enormous debt. The revival o. the re-
speci q the law does no, seem 20 have
extended TO ms Southern states. The re-
ducdon 81 taxation has not been cons,stens
with regard 70 TIE rlshts OF ths creditors
tAea existing but With the rights o. cred
itors since created through a blunder.nS
policy.
IN making reduction In taxes - IS net
proposed 20 !niare any domestic Industries.
bat rather 20 promote their healthy
Er1w "a HOW Tar tlis hAS been accom-
plshe3 AZ hut importers q foreign eoo.s
can iu3ge fcr themselves.
President Cleveland N his message says:
"lt IS possible that the suggestion OF ia-
creased revenue IS a remedy Tor the aifn-
culyies We are considering may have Or
'slnatcd IN tao animation or distinct al
legation that the bonds which have been
issued ostc0sibly - replenlsh cur gold
reserve were really issued - supply In
sufficient revenue. Nothing can - further
from The truth. The bonds were issued
20 obtain sold fer the maintenance OF the
rational credit"
The government realized from SIS three
boBd Issues SIS. aasoa.
Yesterday afternoon at The close 80 bust
hess The avsllae.s cash balance n the