The Republican journal., 1897-03-04
Letter from Philadelphia.
Correspondence of The Journal. I

Correspondence of The Journal.
PHILADELPHIA, Feb. 10, 1897 The
| total debt of the United States has been
increased over $3.50, 900, 600 since 1898
| under the free trade Democratic party,
and l notice by this months issue of the
Mercantile and Financial Times, which is
before me, that the national deficit is still
increasing and that the expenditures ex-
ceeded the receipts for the month of
January by IS, 952, 395. Ever since Mr..
Cleveland and his administration took
control of the government there has been
scarcity of money among the industrial
and agricultural classes, and business has
been greatly interrupted and unsatisfac-
tory. What our working people want is
an opportunity of earning their bread,
and something more, and | thoroughly
believe that after Mckinley shall have
been inaugurated and the tariff law is
passed, giving us reciprocity and ample
protection to the farmers and sufficient
treasury revenues to run the government,
that we will begin to see encouraging
signs in the business situation and an
increase in the employment of labor.
The alleged views of Mr.. Lyman J.
Gage on the currency question (who,
it is said, will be Mr.. McKinley's Secre-
tary of the Treasury has been much
commented on in Philadelphia. Many
To tbipiy no will ~
ment of the 1916, 6S1, 046 outstanding
greenbacks, but | believe that he will not
favor anything of the kind. The Repub-
lican party has stood by the greenback
and given it's promise that every dollar of
our money, gold, silver or paper, should
be maintained on the basis of the best
money ahoat anywhere in the civilized
world. Is not this the monetary policy
of the great party which won laurels
under the stars and stripes during the
dark days of its civil war? 1t cost us
over 81, 0OO 900, 600 to fight down secession
and slavery, and who does not know that
| from 1879 up to 1893, under the wise man
agement of the Republican party, we paid
, 81 200, 900, 900 of the national debt; and
l would like to know if the holders did
not get as good money as any country
ever issued?
For one | am opposed to retiring the
war-stained greenbacks, and putting out
interest bearing bonds in their place and
in my opinion there is no likelihood of
the Republican party pursuing such
! policy in Congress. l want to see conf
dence restored once again and the hun
dreds of millions of money now idle seek
ers getting better prices for their pro-
ducts, aud our idle mills started up again
all over the country; and purer politics
and more ineorruptible statesmen in the
halls of Congress.
| A few days ago | visited Carpenters
Hall, of historic memories. Here is where
the first American Congress assembled in
/ 1774, and on the second days session.
when Patrick Henry, the greatest orator
of modern times, slowly arose to address
the assembly, it is said silence ensued
as of the stiffness of DEATH and the burn
ing words be uttered against the wrongs
of his country will live forever and ever in
! the hearts and minds OF men. 0 historic
hall, sacred as the birthplace of the ma
ton, | mark it as an epoch of my life to
tread the very floor where the nations
noblest and greatest men have trod. Let
/ our national law makers at Washington
be inspired with the same lofty patriotism
which thrilled the souls of our patriotic
fathers as they bore aloft the banner of
liberty, fraternity and equality among
men, and then shall we have a nobler ma
tional life and destiny.
But here | must close [ am reminded
that we are soon to have 4 new President,
and that a new order of things will begin,
and in the near future we may look for
revival of business in every department of
commerce. Let the knell sound.
Ring out the old, ring IN the new.
| ring out the false, ring in the true.
Ring out d slow ydying cause,
And ancient forms of party strife
| Ring in the nobler modes of life,
With sweeter manners, purer laws"