Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1896-02-15

Date OF Kate Per q Amount
bond OF OF Amount rea--zsa. Prlc.
inter bond issued
FEB si5 p clioyrs s5aeOO.0oa s5s. 90 .sf7 sslIl7
| Nov 81 do do 5l,Un004 IS 5SS5 10 00ni7
Feb IS p. c 80 yrs - 3i5.I0a Is LID 24i b2h04ls
Total. 1895. ls,o 49,. si5 eB2. rs
It will be neted that the bonds sold
to the public under advertisement
brought about IL per cent more than
those sold under private contract to a
syndicate
| On these bonds issued the country
will be called upon to pay $I24,778, $50
in interest.
Mr.. President. / protest that the
credit of this Government is too good
to turn overits finances to a syndicate
and sell its bonds at price which
readily commands 10 per cent profit to
the syndicate.
This Government is not bankrupt;
the country is not bankrupt. There
is some trouble in the Treasury, and
as this is not political question am
not here to give my reason why
think there is an embarrassment in
the Treasury / have my views and
my notions on the subject, but this is
not the time to set forth my particu-
lar views. simply say that there is
some trouble, but there is no danger
of this country going into bankruptcy.
1t was virtually in the hands of re-
ceiver for about six months, ! admit,
and congratulated myself as an Amer
lean citizen when it passed out Of the
hands of the receiver. Now. / want
to keep it out of the hands of receivers;
| want no more syndicates to float
loans under private contracts.
want the people to have chance at
the loans; it is their Government and
it is their credit and their money that
is at stake.
Mr.. President. what are the debts
of the world? The debt of Great Brit
ain is $3.50, 900, 900 in round num-
bers. Each citizen of the Empire
owes $751; 10. The debt of France is
81, 446, 600, 900. and each citizen of
that Republic owes $II6.3S, Ger
many's debt is $I,o57 900, 900. and
each citizen of that Empire owes sag
81. The United States owes SoI5 900, :
900. and each of her citizens owes SI4.
Note this great difference l state
zoe well known, that according to
the latest census we are immeasurably
the richest nation on the globe. The
estimate under the last census, shows
our wealth to be Sos, ooo, 600 900.
Now, how does it come, in view of
these facts, that we are in such straits
that we have to make private con-
tracts with syndicate to float our
loans? / used to think that only
thirl-rate powers, South American
Republics, and the Turkish Empire,
were obliged to call in the Rothschilds
to administer upon their finances, but
it has happened that nv own Govern
ment, the richest in all the wide world,
all at once had to call on the Roths-
childs for help
cLEyELAND-s WORDS AND cLEvELAND's
ACTS.
A distinguished statesman, when a
candidate for the greatest office in the
gift of the people, and after his tri-
lmphant election, used great many
expressions which are familiar to many
of US, such as public Office is a pub
ic trust. -. sthe communism of pelf,
''the rich growing richer the poor
growing. poorer. 1.-THE greed of avar-
ice, 1.-THE rapacity of corporate pow.
err" "the oppressive of labor by or
ganized capital" going so far in
his appeals to unjust passion and
prejudice as to invoke the ugly men,
cries of Homestead. I want to know
where the force of aptness of these ex.
pressions come in. in the face of pri-
vate contract made by him when he
got power by which millions were
made by few men in short time.
Mr.. President. there is no surer way.
no matter how pure the motive. to
plant the seeds of discomfort. unrest.
impotence. and suspicion among the
people than private arrangements
authorized by high officials by which a
few persons get millions at the ex-
pense of the many. The safety of the
Republic rests upon the respect, the
affections, and the loyalty Of the plain
people forour Government and its Ad-
ministration. Nothing should be
done to take from them this respect or
to forfeit their confidence.
Mr.. ELKTNs. move that the Sem
ate take up the resolution for present
consideration, and I will state the rea-
son am afraid the contract will be
entered into if we do not adopt the
resolution.
Mr.. ELKINs. ask for vote on the
motion to take up the resolution.
The result was announced-yeas as,
nays 6.
Your Present Need
Is pure, rich blood. and strong and
healthy body. because with the ap-
proach of spring and the beginning OF
! warmer weather your physical system