The weekly intelligencer. [volume] (Lexington, Mo.) 1891-1901, 1896-03-28
Highest of all in Leavenng Powe-Latest u Govt Report
R>!A:.!!! g! Rs%assz RRskiRs
ABSOLUTELY PURE
What We Would Endorse.

NHdI we WOulO EnuOfSe.
Sam b. Cook in Mexico lntellgencer
If our so-called "sound money!
, friends in Missouri have their way at
Chicago it is their purpose TO endorse
the financial policy of President Cleve-
land and Secretary Carlisle. We do
not suppose there is any doubt on this
point. At the conference recently
held IN St. Louis under the call of Ex-
Gov. Francis and other "sound money
leaders, every mention Of Mr.. CleVe-
lands course met with unstinted
applause and unmistakable approba-
baton. 1t is well for us to candidly
consider what we will have to endorse
should the ''sound money element be
in control at the national convention.
On the financial question democrats
would have TO endorse the policy first
inaugurated by republican secretary
of the treasury, of redeeming all gov
ernment obligations in gold although
the law plainly makes them redeemablc
in coin. Under this policy the gold
reserve in the treasury has been
persistently raided by spectators and
the government forced to issue 2G2
mill'on of bonds in time of profound
peace.
We would have to endorse the pres
ident's veto of the seigiorage bill. Had
{ lis bill been permitted to become
law the So millions of assets which it
would have given the government
could have been used to meet the
temporary deficit in the revenue caused
by the change of the tariff law, and
thereby saved to the people one of the
so million bond issues, the proceeds
from which went to cover this revenue
deficit.
We would have to endorse an
attempt on the part of Mr.. Cleveland
and Mr.. Carlisle to fasten the single
gold standard on this country by
urging the passage of a law making
the bonds payable in gold alone.
We would have to endorse private
sale of bonds to New York syndicate
at S1.04 e when the same bonds were
worth 1.1219 in the open market,
under which transaction the syndicate
: made and the government lost SlO,-
: OOO,O
, We would have to endorse an effort
on the part of Mr.. Cleveland and Mr..
l
| Carlisle to convert the 500 million non
I interest bearing currency into an
interest bearing debt which would
1 entail upon the people an interest
charge alone equal TO the entire
) existing national debt.
We would have to endorse the most
, violent and uncompromisng opposition
3 to eyesy effort to restore silver to its
coinage rights and would be forced to
approve a system of finance which no
} great party IN this county ever endorsed,
, system which were it being main
: tanned by a republican president and
secretary of the treasury would be
, mercilessly condemned by every dem
OOialiO obdtO OOhfChtiOh III thS OhACh-
The Intelligencer believes that the
, endorsement of these things by the
Chicago convention would mean over
, whelming disaster in November. In
our judgment we would not carry
single state IN the Union.
1t would mean to manacle Missouri
and deliver her Internationally into
the hands of Chauncey | FIlley.
1t would mean the loss of every
congressional district in the state and
the election of republican United
States senator
1t mag be that an honest declaration
in favor of silver coinage would not
save the party from defeat this year.
The bitter strife between the president
and congress, the factional feuds which
the miserable scrambles tor federal
/ patronage have engendered, the wide
, spread depression in business affairs
and the resultant discomfort, combine
', to make this hard year for the party
IN power.
3 Success may not be secured even by
the wisest course, but disaster Is
certain should the attempt succeed TO
make MI. Cleveland's financial policy
democratic creed.