Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1896-12-10


I tenders should be confined in the gov
! clnment prisons, The postottice de-
partment, he SAYS, is in good condi'
! ton with deficit of $4,000 900 owing
10 a reduction Of postal duties and an
/ increase without proportion ate revenue
If the low class mail matter The
/ total Indian population is III ,2S5,
! The president believes the Indians
show improvement under government
management and recommends they be
looked after by commission, one OF
whom shall be an army officer,
Pensions.
! President Cleveland hits the pension
! grahherS a hard blow. He shows that
last YEAR the number OF pensioners
materially increased until the list Is
the largest ever reported, Numbering
970.67S persons and costing s1SS,2l4,-
| 1894.
| President Cleveland demands the
/ speedy settlement of the Pacific rail
road loans and grants and especially
/ the foreclosure Of the Union Pacific
mortgage. He SLOWS in the agrcul-
tual department. that the value of
/ farm products exported in 1896
amounted to $750o0o,oOo He is OPP
posed to a further g1atuitous distrihu
/ ton Of seed The interstate commerce
/ and cl,il service laws are highly com
mended.
Defends Wilson Bill.
While admitting deficit Of little
more than s25 900 900 the president
defends the Wilson tariff bill rs hay
ing opened up foreign markets and
stimulated trade with othyr countries.
/ The present bill, he say s.. will yield
! sufficient revenu" If given a fair trial,
but the deficit was to he expected IN
the face of the busine SIS depression of
| the past two years In this connection
/ he defends the drafts made on the re
serve fund as he says 1t Is imneasur-
ably better to appropriate our surplus
to the payment of iustifiable expenses
than to allow it to become an invita-
tom to reckless appropriation and ex-
| travagant expenditures.
Financial Reform.
President Cleveland alludes to our
/ financial methods as weak and vicious
and asks Il prompt reform OF the syS-
tenn which is opposed t. every rule Of
sound finance and shown by experience
/ to be fraught with n grievous peril
and perpleXity. He refers to the late
contest as being n greater menace IN
property than the late civil war. He
declares that financial peace cannot be
secured until government currency OBJ
| legations upon which gold may be de-
manded are withdrawn from circula-
tion and cancelled. He advocates their
exchange for long term low interest
bond or their redemption with the pro-
ceeds OF such bonds. If this Is not
/ done he believes such currency obliga
/ tionS when redeemed should be cam
celled instead of being reissued. Ma
tional banks should redeem their own
notes. They should be allowed to is
sue circulation to the par value of
their deposed security and their circu-
lation tax should be reduced to one
fourth of one per cent. Summing up
the financial situation the pre- 'ident
| says: "'rhe entire case may be pre-
scented by the statement that the day
of sensible and sound financial method
will not dawn upon lis until our gov
/ eminent abandons the banking busi-
ness and the accumulation OF funds
/ and confines its monetary operations
to the receipt Of the money con-
/ tributed by the people for its suppdss
and to the expenditure of such money
for the peoples benefit" "Our bust
ness interests and all good citizens
long for rest from feverish agita-
ton and for the inauguration by the
government OF reformed financial
policy which will encourage enter
] prise and make certain the rewards of
( labor and industry"
Trusts.
After denouncing the tendency or
( the times towards the creation OF
trusts and monopolists the tendency or
which the president said is to crush
( out individual independence a-i TO
hinder or prevent the free use Of the
human faculties and the full develop
ment OF human character, the presi-
dent appeals TO congress to exercise
rigid economy, saying, "the way OF
I perplexing extravaganza Is easy but
/ return to frugality Is difficult" He
/ then concludes as follows:
when our differences are forgotten
and our contests OF political opinion
are no longer remembered. nothing in
the retrospect OF our public service VIII
be as fortunate and comforting as
/ the recollection OF official duty we'll
performed and memory OF constant
devotion to the interests OF our confld-