The Caucasian. (Clinton, N.C.) 188?-1913, 1896-02-13

'"s"y oeHy tuAt ne was about 10 do a
= evll thing, when he did the same eyi
thing less than year ago, in Febru
ary. 1885? But let that pass. Tn
chief wrong that he is committin,
against the people Of the United state
Is IN issuing bonds at all. The burdel
Will be Just rs great upon the people
and the interest will be just As hard I.
pay, wleiher il il paid To a syndicate
or To the bank, or TO anyone else.
: ON yesterday the New York World
7 which has been severely criticisinl
the President, came ont with great
nourish OF trumpets and ~ id that tbs
gold ring bad been whipped and that
the people had triumphed. The World
knows that this is not true. The
World knows that whenever bonds are
issued at all that the gold ring tri-
umphs and that the people have been
whipped and robbed. The World
while pretending To be the friend OF
The people, is really trying to deceive
them; IT - trying To cover up the
main issue and to call the attentions of
the people from the Overshadowing
wrong Of issuing more bonds in time
OF peace. The Worlds criticism of the
President means no more than the crit
| icism OF certain Republican gold Sena-
tors on this floor.
| Now, let US see what this Republi-
can criticism Of the President means.
Their position, as stated by the distin-
| guished Senator from Ohio and ethers,
Is that all OF the financial troubles of
our government are due to the want of
sufficient revenue and to the fact that
the balance Of trade is against this
country, all of which they charge up
to the WilsOn-GOrman tariff bill. They
say that a tariff bill furnishing sutii-
cient revenue would be complete
remedy.
If this is 80, then, from even q Re-
publican standpoint, the further issue
Of bonds is unnecessary and unquali-
fiedly wrong. If the Republicans have
faith in their remedy, then why are
they not ready and anxious to vote for
this provision to prevent the further
issue of bonds? Certainly they are
not in favor of borrowing money and
piling upa still larger interest-be
ing debt unless it is absolutely neces-
sary. And besides, if the troubles of
this Government are due to the want
OF sufficient mOney-that is, if the ex-
penses OF the Government are greater
than its incOme-then why do not our
Republican friends bring in bill to
cut down expenses instead OF a bill to
increase taxes? Taxes are already tOe
high. Instead Of binging in a reve-
nue. bill to increase,taxes, why do they
not bring in bill.that will equitably
adjust the tariff taxes and that will
justly distribute the incidental pro-
lection as between the different sec
tiOns and:the various industries of each
| section? Why not take some of the
protection from those who already
hold the lions share and give it tO
those in the South and the West who
produce the raw materials? This is
the position of the Peoples Party
and it is just.
But let us return to the bond ques-
ton. What is the Democratic posi-
tiOn? The Democratic President and
leading Democratic Senators upon
this floor say, on the other hand, that
there is revenue enough now for the
needs of the Government, and that an
increased revenue even to double the
/, necessities of the Government, woult
not relieve the present embarrassment
of the Treasury, because the taxes an(
duties levied by the Government are
not paid in gold. They say that tn,
whole trouble is due to the want O.
gold, and that, therefore, they mus
issue bonds to buy gold
Now, if the Republican party ad
mits that the Administration is justi
fed in paying the coin obligations O.
the Government in gold alone and il
redeeming the greenbacks and Unitet
States notes in gold alone they will b,
forced to admit that the Democrat,
position is correct. And the Republi
, | ,laS
they have the patriotism to confess
!. their errors and mend their ways, be
cause it was the Republican party tina
inaugurated this policy of paying TIN,
coin obligations of the Government
in gold alone in defiance of law. Thi
is what Mr.. Carlisle, the Secretary O
the Treasury, is doing to-day, ant
when the distinguished Senator from
Ohio Mr.. Shermanl was Secretar,
of the Treasury he set him this eX
!, ample. The fact is that the leaders o
, both parties are to-day in favor is is
, suing interest-bearing bonds. Not .
single protest has been raised on eithe
side of this Chamber by the Represen
tatives of either the Democratic part,
or the Republican party against thi
policy of piling up an interest -bearin.
, debt iu time of peace. They have simp
ly been fighting sham battle owe
this question-quibbling as to detail
and sparring for party advantage. Th
, Republicans have tried to make part
! capital by criticising simply some Q
the details about how the bonds shoul
be issued. The main question
= whether the bonds should be issued a
! all or not. Both the Democratic part,
Y and the. Republican party are on tn
' same side of this question, both are il
e favor of increasing the interest-bear
0 ing debt of the country, and the polio
r Of both parties means ruin to the pre-
v ductive Industries of the nation.
y l repeat they both favor the grea
n wrong of issuing interest-bearin
a bonds in the time of peace they diffe
It simply as to the details of committin
d the wrong. Both sides unite in refu!
) ing to do right; they differ simply s
1t to the most plausible method of doin
10 wrong. One party would stab you
re the back; the other criticises tt
lie method of stabbing you and insist
l. that you should be stabbed under tt
e. fifth rib. Both would stab you, bot
ID would murder you. They quibbi
l. however, about the method Of cOmmi
ne ting the murder; that is ALL The Sci
is ator from Ohio believes in hanging
I'd the Senator from New York believ
Iy in electrOcutiOn. The difference b
st tween these two parties on this gre
r question is the difference betwee
le tweedledee and tweedledum-if OF
i'd side has its way, bonds will be ISSUE
TO in tweedledee fashion; if the 9th
side has its way, bonds will be issu'
e. in tweedledum fashion. They are bO
a in favor of bonds, more bonds! Mo
I'd bonds! They are both for piling
:" the debt of the nation to be paid by +
e. ture generations; they are both I
e. contracting the currency to curse Il
ys present generation. The policy
,h either party means falling prices, sta
he nation of business and the paralysis
be every productive industry.
ds onDaol <o both c;Ioc RI rovorco thc