Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1896-12-10

attitude of the United States will be indef-
nitely maintained. While We are anxious
to accord II due respect 10 the sovereignty
of Spain. We can not view the pending con-
flict in all its features, and properly Rppre-
hend our inevitably close relations to il, and
its possible results, without considering that
By the course Of events We may be dawn
into such an unusual and unprecedented
condition, as will fix limit 10 our patient
waiting for Spain 10 end the contest. either
alone in her own way, or with our friendly
cooperation.
when the inability OF Spain to deal sue
cessfully with the insurrection has become
manifest and il is demonstrated that her
sovereignty is extinct in Cuba for all pnr-
poses of its rightful existence and when
hopeless struggle for its re-ests blishment
has degenerated into strife which means
nothing more than the useless sacrifice of hu-
man life and the utter destruction of the
very subject matter of the conflict, a situa-
tion will be presented in which our obliRa-
tions to the sovereignty Of Spain will be sup
erceded by higher obligation, which We can
hardly hesitate to recognize and discharge.
OUR FINANCIAL LAWS.
This reference to the coalition and pros
poets of our revenues naturally suggests an
illusion to the weakness and vices of our
financial laws.
They have been frequently pressed upon
the attention of congress in previous execu-
tive communications and the inevitable
danger of their continued legislation point
ed out. Without now repeating these de-
tails cannot refrain from again earnestly
presenting the necessity of the prompt re-
form of a system opposed TO every rule of
sound finance, and shown by experience to
be fraught with the gravest peril and pre-
pexity. The terrible civil war which shook
tla FslWT Int aAWN
than thirty years ago brought IN its train
the destruction of prosperity, the wasting
OF our country's substance, aud the es-
arrangement of brethren. 1htse are Low
past and forgotten. Even the distressing
loss of life, is but sa ,red memory, which
fosters patriotic sentiment and keeps alive
tender regard for those who nobly died.
And yet there remains with US to-day in full
strength and activity, as an incident of that
tremendous struggle, a feature of its finan-
cial necessities, not only unsuited to our
present circumstances, but manifestly dis
turbing menace to business security and an
ever present agen. of monetary distress.
Because we may be enjoying temporary
relief from its Influences they should not
lull US into false security nor lead US to
forget the suddenness of past visitations.
II am more convinced than ever that we
can have no secured financial peace and
eototy uutH Ihe goVernment currency oph.
cations upon which gold may be demanded
from the treasury are withdrawn from cir
culation and cancelled.
National banks should redeem their own
notes. They should be allowed to issue cir
nulation to the par value of bonds deposit
ed and the tax on their circulation should
be reduced to one-fourth of one per cent.
RETIRING NOTES.
SIN considering projects for the retire.
ment of United States notes and treasury
notes issued under the law of 1890, / am of
the opinion that we have placed too much
stress upon the danger of contraction the
currency and have calculated too little upon
the gold that would be added to our clrcula-
tions if invited to US by better and safer
financial methods. 1t is as much contrac-
tion of our currency that should be avoided |
as its unequal distribution"