Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1896-05-06
Effect Of Republican Policy.


We extract the following from tn,
resolutions of.the Rhode Island Demo
cratic convention:-
I'VE declare that the repnblica )
party practically controlled the "A
nances of our country for a Quarter; ri
century. They inaugurated a chr.
rency system which led to the imitation
OF values and the creation of corpora
lions with fictitious capital sWafered
STOCKS and securities were fOated upon
the markets of the world at their face
value, while in many instances thew
We're not worth half that amount.
when Grover Cleveland came IN tho
presidency in 1885 he WIS confronted
with this condition of orr financed
by MS courage and fidelity and nv the
prudence and economy of q l1emocra tic
House there was accumulated at the
emu OF It's first term surplus Of moro
than $500, 600, 900 In the treasnrv. 400 ?
O0o, OOO Of which was in gold. to protost
the national promises On the t nsturn
OF sdo the republican party to power in
1889 tbs surplus Of gold reserve had
been redpeed one.haf. Tho rsck Ia~
expenditures of the public money and
the passage of an act far the nnrchasa
OF silver debauched the currency and
impaired the credit of the nation
When the democracy again oamn into
power In 1898 they fornd an emntv
treasury, q want OF confidence On the
part OF holders of American securities
IN all !GFeign countries, which threw
shgse PACK upon our markets, forcing
individuals and great corporations in
tf, EanfHof inn y
policy OF the republican party prod
uced widespread distress and disaster.
The leaders Of this party have the
unparalleled a9dasitY 10 attribute the
distreGs and disaster to democratic
administration that had just come ito
power and haG not chanRea a single
Law. With such p record they ask the
people Of this country ia restore them
to power. With as, much propriety
might the incompetent and discredit-
ed directors of q bank corporation,
wrecked by them, ask to have an
honest receiver removed and the old
directors returned to control. We
protest against such party being
again intrusted with the admtnis.ra
ton of the government and declare
that their return to power would be
trauSnt Viii uangeF To the business
interests and to the people of the coun-
Try"
Two FOR REED AND Two FOR Nc
KINLEY--The Washington correspon-
dent of the Alexandria Gazette, who
interviewed some of the returning
delegates from the Republican conven
tion at Staunton, says
'They say that three-fourths of the
delegates at Staunton were white men.
That such was the case is thought
strange here, as three fourths of the
republican party in the State are
negroes, They also say that though
the convention was overwhelmingly
in favor of Mckinley, of the four dele
gates at large, it elected two Reed
men, and decided in favor of the Reed
men 10 the Norfolk district, and
wouldn't even admit xCongressman
Bowden, the leader of the Mckinley
ties in that distric :"
The fact that the mention of Stone
wall Jackson's name was Missed at a
public convention in Virginia shows
what sort of a convention il was, and
also, that the action of such q couVen
ton will haye little ar 40 effect upon
that OF the people Of the State -Alec.
Gnzetfe