The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1895-10-11
SITUATION OF THE TREASURY.
DeficIt-Creating Methods Of the Demo-
cratic Administration.

DeficIt-Creating Methods Of the Demo-
cratic Administration.
The present administration has re-
duced the treasury to the most humili-
ating condition it has ever been placed
in, either in time of peace or war. 1t
Is absolutely at the mercy of the banks
not of all the banks combined, but,
what is still more humiliating. of
very small number of them. The
banks and bankers that have the treas
ury at their feet can tie counted ON the
fingers of the two hands, and leave sew
eral digits out of the enumeration
In one sense the treasury is in posi-
ton of supreme strength. If to-mor-
row it invited bids for loan of two,
hree or four hundred millions of dol
lars, offers aggregating three times the
amount would pour in on it before the
end of a week. But neither Mr.. Cleve-
land nor his party has had any part in
bringing about this superb credit cordi-
ton. 1t is the result of republican
craftsmanship, republican economic
policies and principles, republican OBJ
servance of plighted faith, from the
days of Lincoln down to those of Har-
rison. The four great achievements OF
the republican party are: First, the
preservation of the union; second, the
abolition of slavery; third, the up
building of our manufacturing indus
tries under the protective system, and,
fourth, the elevation of the national
credit to the highest point it has ever
reached in our history.
An analysis of the unsatisfactory
we will not say INSTRUMENTATION
of the treasury must convince every
impartial person that Cleveland and
Carlisle are in their present financial
plight because of the successful assault
they and their party in congress made
on the tariff policy of the republican
party. In their desire to get as near
as possible to free trade conditions
law was enacted which, in its revenue
producing provisions, is inadequate to
meet the current expenses of the gov
eminent. Home and foreign financiers
We're the first to realize this fact and
to prepare to profit by it. No blame
can justly attach to them. Their BUSH
ness is to make money in every way
possible. When they open their vaults
TO uphold political parties or to
strengthen governments, personal ag-
grandizement is their chief cOnsidera-
ton. They look, first, to the security,
and, second, to the profits to accrue to
them. Their transactions are not
based on sentiment If their opera
tons rested on so fiimsy a foundation
banking houses would be no better
than so many annexes of lunatic asy-
lum. But the banks are not in that
condition. The treasury, under the
Cleveland Carlisle management and
manipulation, is the financial mad
house, and it must afford keen enjoy
ment as well as substantial profit to
the chiefs of the gold Syndicate" and
their associates to see the amusing
antics of the lunatics in it.
.Ehe latest news from the boss bed
lsnite and his secretary is that they
will not order another bond sale to
maintain the gold reserve before the
meeting of congress. This determine
ton, we are told, has been arrived a
because a new bond issue, while it may
y
whatever stability there is in business
conditions, would have an injurious
effect on the approaching elections.
What does this mean? That the ma
tional finances are to be mOnkeyed
with in order to help PARTISAN poll
ticians and policies in the states where
elections come off in November. This
is the most reprehensible exhibition of
"pernicious political activity" on the
part of a national administration that
we have ever had. 1t is the admission
that the treasury department, as it is
now conducted, is, first, machine to
enrich banking syndicates; and, second,
that its operations are directed with
view to influence state elections, and
not conducted, as they should be, on
strict business principles. With this
brazen announcement comes the addi-
tional one that when congress meets
the next republican congress elected
on a platform repudiaing Cleveland
ism and all that it imRies-the presi-
dent will throw the responsibility"
for the present condition of the treas
ury on tile legislative branch of the
government Mr.. Cleveland is an adept
in the responsibility throwing" bust
ness, but his trickery will not go this
year. He cannot fool all the people all
the time. The responsibility for all
that is wrong and rotten in the finan-
cial situation rests on him and on his
party. He and it made 4 law that pro-
duces a deficit, instead of adequate
revenue as it should produce. That is
why he is borrower and beggar at
the doors of the banks.
NorespoGsibility for this humiliating
situation rests on the republican party. !
N. Y. Recorder.
The Same Thing Over.
1t has always been the same. Tariff
reform, as understood by the demo- /