Daily capital journal. (Salem, Or.) 1896-1899, 1896-01-01
CLEVELAND'S POLICY.
Ir Is PRO- ENGLISH nc THE VERY
CORE.
SECRETARY STATE KINCAID
DISCUSSES PRESIDENT CLEVELAND
AND HIS ENGLISH FRIENDS.

President Cleveland ana MS Engllsl
single gold standard free trade friend
and admirers has caused good deal o
excitement and talk about war
Cleveland will be noted in history a.
the President who did less for his owl
country and more for foreign nations
than any or all other Presidents. His
whole administration has been in the
Interest OF foreigners, and England
has been his special pet and fayorlte'
70 add more and more to the already
enormous wealth OF English bond
holders and capitalists, he has discred'
tied and to the full extent Of his
power reduced the price Of silver, the
greatest money metal Of his own coun-
try and Of which America produces
more than all other countries, while
England and her colonies produce
none or very little. lie forced pay
ments In gold when under n fair CON
structlOn of law they should have been
made either In gold or silver, or part
Ia both, as best suited the interests Of
the United states. He called an ex-
ira session OF Congress, and with party
lash, official patronage and the most
arbitrary methods ever resOrted to by
any absolute dictator, forced the re-
peal Of the law which authorized the
purchase aud coinage OF 100000
ounces OF silver per month, and stop
ped the coinage Of silver entirely He
forced his free trade notions on the
country This practically closed
tAmcrlcan manufactures, destroyed
the price Of American farm products,
deprived mlllions.Of our people Of em-
ploymcnt and the comforts Of life, and
sent hundreds OF millions Of dollars Of
American gold abroad to pay for the
products Of pauper labor and enrich
foreign merchants The result now Is
before the people. u Is n condition,
not n theory. Wool is down TO five
cents u pound, hops 10 two and one
half TO five cents pound, and mil
lions of our own people are in idleness
and want, while two hundred million
dollars In gold annually Is sent 10 Eu-
rope to pay interest on bonds, the pur-
chasing power Of every dollar Of which
interest has been doubled by this dis
honest single gold standard, and al
most ms large n sum Of gold is sent 20
foreign countries annually 20 pay for
manufactured articles and products
Of labor which our own people would
gladly supply II they could be en-
ployed. Not only In these great In
terests, but In minor affairs, President
Cleveland has been steadily and stub
bornly the friend and ally OF foreign
ers-partlcurlarly OF England and |
the stumbling block In the way Of the
progress and happiness of the common
people of his own country who live by
manual labor When Hawaii asked !
10 be annexed TO the United States he
opposed their demand and stood In
with England aud a defunct monarchy
which was disgrace to civilization
and dccency. When Congress was
ready TO go ahead with the Njcarauga
canal he appointed a commission COM
posed OF English sympathizers TO
throw cold water on the enterprise
and defeat or delay II.
In the shrinking OF values, the sale
of bonds, the expectation Of gold aud
interest bearing securities, aud the
importation Of foreign merchandise
ana products, Grover Cleveland has
probably cost the people OF America
not less than twenty billion dollars,
i've or six times as much money as
the great war of the rebellion cost
the people OF this nation thirty years
ago-and more than a war with Eng
land continuously ever since Cleye.
land was elected president would d
have cost the United States. so far
as treasure Is concerned. Under
President Cleyeland's free trade and I
single gold standard policy values a
have continually shriyelled In this /
country, manufacturing has almost a
ceased, agriculture will not pay ex. II
penses. Americas gold nearly all liz
goes abroad 10 pay for imported goods. | /
and 10 pay interest, every dollar OF [
which requires twice as much wheat Ia
cotton, wool, beef, pork, hops, fruit, la
machinery or labor 10 get Il as when /
the debt was contracted and made 1
payable In coin, which coin then con. /
sisted equally Of silver and gold at 4
The ratio OF Is To l, but now consists /
of gold alone, which has increased 100 I
per cent la price. Instead OF stand c
Ing up f1r American interest, which n
Would have secured happiness and u
20 the people OF the United $
states, and would have kept the Al
reasury fun and paid on 1900, 600.
'0 or s3oo,0oOOOo OF our National
iehi caused hy the war Of the rebel. q
ion. President Cleveland has been q,
Ae lool of foreign capitalists aud e
peirhanls. He has impoverished the Il
,eeple, bankrapted the treasury, and Il
Ia4 IEsllall ahonf &aAa oan nAo ~ ho,a. =.