Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1896-08-13

would have abstained from injecting dis
| turbing elements into the industrial situa-
ton. Not so with thes Democratic party.
1t was determined at all hazards to give
| the country some taste of what it called
tariff REFORM" and so in December, 1893,
before the country had fairly convalesced
from the financial commissions Of the sum
mer, tile scheme of new tariff legislation
was entered upon. the Wilson bill was in
cubated. 1t was long time on its pas
sage and as it left the house, it was an un-
doubted free trade, or revenue tariff meas
ure and met the hearty approval Of Cleve-
land. Had it become 4 law in this condi-
ton, 1t would have created far greater
Industrial disturbance and a far greater
deficiency Of revenue than it mas GG;e with
its senate amendments as it finally beca.ne
law without the approval of the presi-
dent.
From the very first till the present mo-
ment, this law has continued to give us a
deficiency of revenue. From August, 1894,
till July 3d. '0S, the aggregate Of such de-
fcicrcy was sol, 731, 1885, or a monthly aver
age Of $685. 1873. Add to this the deicien-
cy of revenue that occurred from the none
tary crisis and industrial disturbances Of
1898 and 1894, under the Mckinley law, and
the aggregate Of the deficiency during
Cleveland's administra ton, up to the 25th
day Of July, 1896, will foot up to S151. 557,-
1G7. At the very time when the Wilson bill
was put on its final passage, there was a
at that time in view of the depressing in
dustrial situation, instead Of passing bill
reducing the revenue, bill should have
been passed providing for moderate in
crease so as to overcome the deficiency and
leave the government with ample resources
for running expenses and for unforeseen
and extraordinary contingencies. Was
there ever greater political i1fatuation and
shortsightedness manifested by legislative
body than that manifested by the house Of
representatives of the Fifty-third congress
in passing at that time and under those
conditions the original Wilson bill? Had
that bill not been greatly improved and
amended in the senate by the joint efforts
of Republicans and conservative Democrats
the treasury would have found itself in
chronic state of bankruptcy. AS it is, it
has been. as we all know, a great borrower
1t was this deficiency Of revenue, perma-
nent and continuing, reinforced by the
threatening shadow of silver monometal-
lism that led to the large Withdrawals of
gold in 1894, 1895 and 1896, and to the in
crease Of our interest-bearing national debt
to the extent Of $262, 1923, $50. In weak
and depleted treasury, the financial world
saw the
SDecter of Silver MOnome n11fsm,
and hence gold was withdrawn, not only
for the liquidation of international trade
balances. but also for purposes Of hoard
ing, and for purposes Of absorbing American
securities Of frightened foreign investors.
suddenly thrown on our markets. Had our
treasury been as full and o7er!owiny from
1893 till the present time as it was from
the time of specie resumption. ii 1879, till
1893, there would, in all probability, rot
have been 4 greater degree Of gold with
drawal since 1892 than there was prior 20
that time. especially as the proportion
of silver tc gold has not been on the in
crease since 1893. when the forced purchase
of silver was abandoned.
From July 1, 1879, till July l. 1892. there
WAS 4 surplus revenue amounting in the
average of SS1.245, 451; and during this Pc
Rod the aggregate gold withdrawal
was only s43, O.s96. From July l,
1892, till July 1, 1896, there was
an aggregate deficiency of 36,3O9,O 52.
or an annual average Of S34, OF. 263; and
during this period the aggregate withdrawal
OF gold from the treasury was S460. OOO, 600.
Whatever relief could have been expected
from the repeal of the compulsory silver
purchase law was more than neutralized
by undue tariff legislation and conse-
quent deficiency of revenue.
In 1892 thu Democratic party appealed
to the American people for their support.
and promised them. if placed in :'ower,
tariff reform, better times and better and
mere economical folm of government. The
Republican party warned the people and
told them, that from its very texture and
make up, the Democratic party was incom-
potent 10 give the people wholesome
and safe administration, that their prom
Used tariff reform was a snare and de-
luson. and would leod TO industrial disaster
for both capital and labor, and that times,
instead Of becoming better, would be UGH
worse and far more burdensome and try
ing But the warning was disregarded, and
the appeal of the Democracy was needed
and found favor. The people took The party
at it's word, and Cleveland was tlrt ted
president with house of representatives
in full harmony with his views
How have the promises Of the Demo
cratic party been kept? They have given
US far, very far. from better or more
economic administration. They nave gwen
US their tariff reform. with big treasury
deficiency. They have given us a eur
rency famine, and a large increase OF the
public debt. And they have brought us
such an Industrial disturbance and stagna-
ton as was never known under kepubll-
can rule nor since the earlier days OF the
republic Capital has been paralyzeds or
driven into hiding, and labor has stood
waiting by the wayside or been on the
tramp. The Democratic ilusians, at least
of the past, are now dispelled. We can now
all see, and many of us feel the blunder
Of 1892 But what Of to-day? The people
were fooled with promised tariff reform IN
1892 Can the Democratic party, with
their allies, the Populists, fool the people
with free silver in 1896? The distress
arising from the mistake of 1892 is now
relied upon to further and promote the
silver scheme Of 1896
.From Purgatory to Hades" is the Dem
ocratc guideboard of to-day. "We de-
mand,'' so the new Democratic gospel of to-
day reads, 1.-The free and unlimited coinage
of both gold and silver at the present legal
ratio of 16 to /, without waiting for the
aid or consent Of any other nation. We
demand that the standard silver dollar
shall be full legal +ender, equally with
gold, for all debts, public or private" The
second Of these demands is
Pure Fraud and Deception,
In to.,doxl u, fool thn. nannla and make them