The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-09-09
GET TOGETHER.

The Pioneer-Press and Globe, both
of St. Paul, one Republican and the
other Democratic, should esta blish a
kind Of clearinghouse where they
could swap lies, and maintain a
"parity" between them.
A few days ago a correspondent of
the Pioneer-Press asked the editor of
that paper, whether it was true that
just before Cleveland came into the
White House, for the second time, to-
wit, March 4, 1893, the Republican adj
miniStratiOn had started in to print
bonds to sell to purchase gold to keep
up the SlOO,OOo,O0O reserve; aud the
PiOncer-PreSS Indignantly denied
that anything of the kind was true.
And thcreupon the Globe, OF Aug.
Both, forgetting the Siamese ligament
which bound it to the z. p. publishes
the following letter:
Treasury Department-Office of the
Secretary, Washington, D. c., Feb. 20,
le93.-To the Chief Of the Bureau Of
Engraving and Printing-Sir: You
are hereby authorized and directed to
prepare designs for per cent bonds
provided in senate amendment to
the sundry civil bill now pending
TIE denominations which should frs t
receive attention are zoos 1,OOO's and
l0,OOs OF the registered bonds. This
authority is given in advance of the
en-; c: ment in view Of pressing contin-
gcncicS, and you are directed to
hasten the preparation of the designs
and plates in every possible manner. l
enclose memorandum for your guild
ance in preparing the script for the
Gody of the bond. Respectfully yours,
Charles Foster, Sec.
Charles Foster was Harrison'S Sec.
rotary Of the Treasury, and this letter
was written about two weeks before
Cleveland was inaugurated; and it
proves that the country was in such
desperate condition tt at the Republi-
cans could not wait two weeks for the
Democrats to come into power, but
were about, at once, in the closing
hours Of their rule. to print and issue
bonds. And now they have the eff
frontery to denounce the Democrats
for doing the same thing.
The Globe adds:
Mr. McKinley's famous bill was en-.
| titled ito reduce revenue" and it did
| it SO effectively that it cut down the
income from customs from over $780,
| COt,t00 a year to $l3l ,0OO,t 100 before it
| could be stopped. Then the same
| Congress tapped the treasury with ap-
| propriati ons to get rid of revenue, un-
| Til revenue in excess of expendi-
lures Of some $3.50, 900 was turned into
IA deficit of nearly SO, OOO,( O) be fore it
| had finished its work Then, to get
| the Mckinley bill thorough the Sen
ate, the silver miners had to be bribed
with the Sherman act to buy 5JO, 900
| ounces OF silver a month, to be paid
Tor IN treasury notes. redeemable lin
coin," for which they went to the
treasury and got gold. Gold had STOP
| PED coming in at custom houses or
! anywhere else, and began going out in
rede mption of greenbacks and treas
ury notes. The free gold, above the
reserve, had fallen to about $24, UvO, 900
and was still on the run, and Foster
| wanted permission to issue 3 per cent
| bonds with which to buy~gold to re-
plenlsh the treasury funds. Foster.
at this time, said, in an authorized in.
terview, that he would use the re-
serve to pay expenses with ION a
pinch" These were 1.-The pressing con-
tingencieS."
In fact 1T Is altogether a fraud to
pretend that Republican success now
means return to good times. The
Republicans were driven out OF power
in 1892 because the times were not
good. And the census of 1890. take q