The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1896-08-13

turbing elements into the Industrial situa,
ton. Not so with the Democratic party.
1t was determined at all hazards to give
the country some taste OF what 1t called
"tarin reform" and so In December, 1898.
before the country had fairly convalesced
from the financial commissions OF the sum-
mer. the scheme Of new tariff legislation
was entered upon, the Wilson bill was In
cubated. 1t was q 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 1t become law In this condi-
tion, II would have created a far greater
Industrial disturbance and far greater
deficiency of revenue tn u Ii mas d4ne with
Its sencte amendments as 1t finally beca.nc
law without the approval Of the presi-
dent.
From the very first tai the present mo.
ment, this law has continued to give us u
deficiency OF revenue. From August, 1894,
till July %, '96, the aggregate of such de-
ficiency was $91. 731 .1S9. or monthly aver
age Of $3.50, 133. Add to this the dedcien-
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
Clevelands administration, up to the 25th
day of July, 1896, will foot up to $151. 557.-
167. At the very time when the Wilson bill
was put on its final passage, there was
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 a 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 iafatuatfon 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 1t is, ii
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 1890, and to the In
crease of our Understanding national debt
to the extent of $262, 329, $50. In weak
and depleted treasury. the financial world
saw the
Specter of Silver Recommendation,
and hence gold was withdrawn, not only
for the liquidation of international trade
balances. but also for purposes Of hoard
securities Of frightened foreign investors,
suddenly thrown on our markets. Had our
treasury been as full and o1ericwing from
1893 TIL the present time rs 1t was from
the time of specie resumption, in 1879, till
1898. there would, In all probability. rot
have been a greater degree Of gold with
dfawal since 1892 than there was prior 70
that time. especially as the proportion
of silver fc gold has not been on the In
crease stree 1873. when the forced purchase
Of silver was abandoned.
Prom July 1, 1879, till July 1. 1892, there
was surplus revenue amounting in rhe
aggregate to 81 ,137. 436.319. or TN annual
average OF S1.245, Al: and during this Pc
Rod the aggregate gold withdrawal
was only $43, $40 S96 From July /,
1892, till July l.. 1896, there was
an aggregate deficiency of 1896 100. 052.
or an annual average OF S34.00.263; and
during this period the aggregate withdrawal
OF gold from the treasury was $460.OO0.0O0.
Whatever relief could have ,een expected
from, the repeal of the compulsory silver
purchase law was more than neutralized
by undue tariff legislation and ! couse-
quent deficiency of revenue.
In 1892 the Democratic party appealed
to the American people for their support.
aud promised them. If placed in :ower,
tariff reform, better times and better and
rere ecanon.icl, form of government The
Republican party warned the people nd
told them, that from its very texture and
make up, the Democratic party was incom-
petent 10 give the people whceso
and safe administration, that their prom
ised tariff reform was q snare and de-
lusIen. ard would iesd 70 indrst .ial disaster
for both capital and labor, and that Zines.
instead of becoming better, would be uch
worse and far more burdensome and try
ing Rut the warning was disregarded, anc
the appeal Of the Democracy was needed
and found favor The people took he party
at IT'S word, and Cleveland was ett 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 bettsr or more
economic administration. They have g1sen
us their tariff reform. with a big treasury
deficiency. They have given US cur
rency famine, and iarg. increase OF the
public debt And they have brought MS
such an Industrial disturbance and stagna-
tion as was never known under KepuDll-
can rule nor since the earlier days OF the
republic Capital has been paraiyzed or
driven into hiding. and labor mas $1,000
waiting by the wayside or been ON the
tramp. The Democratic iilusians, at least
of the past, are now dispelled. We can now
all see. and many of as feel the blunder
of 1902 But what Of to-day? The people
were fooled with promised tariff reform IN
1902 Can the Democratic party. with
their allies, the Populists. fool the people
with free silver In 1s96? The distress
arising from the mistake OF 1S92 Is now
relied upon to further and promote the
silver scheme of 1895.
..From Purgatory to Hades" Is the DEM
ocratic guideboard OF to-day. We de-
mand," 50 the new Democratic gospel OF to-
day reads, The free and unlimited coinage
OF both gold and silver At the present legal
ratio of I6 to 1, without waiting for the
aid or consent Of any other nation We
demand that the standard silver dollar
shall be full legal lender. equally With
gold, for all debts. public or private The
SECOND of thes. dem4nds Is
Pure Fraud and Deception.
intended to fool the people and make them
eager for the free coinage OF silver. The
standard silver dollar h to-day, and ever
since 1878 has been full legal tender In
any amount for all debts. public and pri-
yate. 1t Is not only a legal tender. but
the great aim Of the Republican party Is
and has been to make IL rs good and rs
valuable a tender to all intents and pur-
poses rs gold, the universal money Of the
entire commercial world You have to-day
not only q full legal tender silver dollar.
but IL Is every bit Of IL. As good rs the
gold dollar, and II Il this fact that makes
II 40 Objectionable to the P0puiists and
free silver Democrats- 1t IL cheaper,
poorer and weaker silver dollar they pine
for-one that won't purchase so much nor
90 80 far DILUTE your currency, 1t IL too
strong" This. In brief. Il the new gospel.
The implied iasinuation Of the Democratic
pIstform. that silver IL not legal tender.
Is equal in yeracity to the insinuatfons Of
A.