The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-10-02

MeWh0fne NOW IAIkS UiuCu duuuI b-CSht
cotton and the gold standard"
NATIONAL -WANAMAK-
ER'S INDICTMENT.
Let us now. turn our attention to Ma
tional politics. | have devoted most of
my time TO State politics be-
cause the Republicans and their
renegade Populist allies have
issued their Handbook and devoted it ex-
clusively TO State matters. They seek
TO muddy the waters about home affairs;
they know that weak and vulnerable ms
they are in State issues. before Il North
Carolina audience. they are utterly with
out defense of the scandals and robbery
of the masses that has marked the Fed
eral administration since VIM. Mckn-
ley was inaugurated President ON the
4th of March, 1897. Where the State
Re-pop-licans have taken one dollar from
the people unnecessarily, the Federal All
miniStrati0n has taken ten; where the
State Government has been responsible
for the death of one volunteer by reason
of the appointment of incompetent men,
the Federal administrations Scandalous
reward of campaign contributors has
murdered men by the hundred; where the
State crowd has Increased taxes one
dollar the Federal Government has made
the burden tcn-fold. and made the higher
taxes harder 10 pay by legislation ITO
commit the country mere thoroughly Ia
the gold standards" where one corrupt
and incompetent State and local negro
official has insuted and Inundated
white men. fifty have been appointed by
the Federal government; where one State
appointee has outraged public decency
the filling of Federal offices by sorry
men as n shameless reward for votes III
the st. Louis convention has shocked the
enuntrv. and i'm some cases the Sena'e
has been forced to call a halt by refusing
confirmation TO Hanna'S heelerS:- in Il
word the Federal Administration has be-
ljed nh of its promises and the weak
President has been clay in the hands of
corrupt Hanna. TO paraphase Bryans
celebrated speech. where State corrup-
ton has slain its thousands Federal cor
ruption has slain its ten thousands. Is
this too severe condemnation? 1t is
more than borne out by John Wanna
maker. Harrison's Postmaster General,
who recently said:
Il have been Republican since
1850. but my party stinks in the
nostrils of decent men. If the people
as many of the leaders practice, and
TO condone their dishonesty, God help
the country"
THE DINGLEY BILL.
The recent Republican State conven-
ton declared:
We endorse the Dingley tariff bill,
and also the Republican tariff bill
made necessary by the enormous ex-
penditures incident to war
What did the Dingley bill do? Though
Mr.. Dingley promised that it would add
$50 100000 to the revenue, it actually
produced $26,979, 06430 less than the re-
ceipts under the Wilson law for the pre-
vious year of 1897, and at the end of the
fiscal year the deficit shown by the
Treasury statistics amounted to Sl02.-
7SS.47135. And yet, after denounclng
the Democrats for a notwithstanding
tariff, the North Carolina Republicans
endorse the Dingley tariff drawn
in order to pay 105 trusts the
big contributions given to elect Nc
Kinley. They also endorse the war rev.
enue measure. If such methods of rails
ing war revenue had been proposed III
1S60-'61 it would have almost created a
revolution. With Hanna in control. no.
body seemed surprised that the burdens
were all imposed on the poor and the
rich exempted from bearing their portion
of the war burden The Democrats pro-
posed to carry on the war by coming the
S40,000.000 of seignorage in the Treas
ury: imposing an income tax and a tax
on corporations; and issuing Treasury
notes, as was done in 1S60-'65. Instead
of doing this, yexations and troublesome
burdens were laid on business and the
tax on necessaries increased amounting
to an increase in taxation of S15O,O00,OOU|
per year, making the grand total OF. an
nual taxation now levied by the Federal
Government upon the taxpayers of S632,-
S14, 647.31, or an average taxation of ~
per year upon every man, woman and
child in .he United States. And the
North Carolina convention endorsed this,
100000, 900 OF BONDS.
But this is the least of the robberies
committed in the name of patriotism by
the Republican Congress in, the war
revenue Ulll The Republicans had
promised big bond issues to campaign
contributors. 1t was to carry out this
promise that the trainers of the Dingley
act rejected propositions that would raise
revenue. If there had been no war, there
would have been bond issues TO meet
the deficit The war was God-send TO
the Republicans, for it let them, under
cover of patriotism, supply the deficiency
and also keep their promise to issue
bonds. Congress granted authority TO
issue $780, 100000 of bonds and $780,
100000 debt certificates payable in one
year. making an increase of $500,000,0o0
in one year. All these bonds have not
yet been issued, but nobody doubts that
the bond syndicate will own them before
McKinley's term expires. Before these
bonds were issued our bonded debt was
$500. 022 900.03. and the annual interest
charge was S34, 387, 315.20 The new
issue increases the debt so that it now
amounts to 81 ,492, 022.90003 The n
terest charge henceforth will be $40
3S7 ,315.20-an increase of fifteen mil
lion dollars per year.
BOND ISSUE COSTS NORTH CARO-
LIMA 1880 BALES OF COT
TON YEARLY.
Not a dollar of the money realized from
the sale of bonds was needed Every