Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1899-12-19
WORSE THAN CLeyeLAnp's PLAN.

OF tpe MCKINNEY AdmlnlStfatlOn,-- -
coming as it did at the very moment
the Republican money bill was pass
ing in the House, surely is the irony
Of events.
That measure considered In all
its bearings, and pushed to its re-
mote consequences, is by odds the
most important and far reaching Of
any in all our history.
1t was, nevertheless, driven
through with the most despotic and
indecent haste. The interests of the
people, OF those who are to work and
earn all that the few benefciaries of
this bill are to gain by it, were not at
all considered.
Less than five days Of debate were
allowed. Not nm amendment was
permitted TO be offered. BY 1t the
resources of the nation were short
ened by half billion. To that ex-
tent the implements of industry
were destroyed. Just that much of
the economic life-blood of the people
was drawn from arteries already de-
pleted from long course of drastic
financial quackery.
The wage-earning public, thus be-
trayed by their Representatives, nre
by this act compelled to toll on and
even to pay the interest and princi-
pal Of bonds which our government
is now bound by law to Issue and
sell whenever the banking trust sees
fit to send out Its paper promises to
pay as security for those promises.
The trust reaps the profit of the
transaction; the people furnish the
security and at the same time pay
interest upon 1t. AS Edmund Burke
once said Of like robbery, IL Is ain.
iquitously legal"
In 1895, when Grover Cleveland
was selling small lot of bonds, he
told Congress that he could get
sixteen millions more for them If he
could be permitted to insert the one
word gold In them. Congress re-
fused the permission aud they were
sold for the smaller figure, although
no one was then afraid to buy them,
or has since been afraid to hold
them, because the magic word was
left out. by the bin passed yester-
day that word Is inserted, rs n clear
bonus, as an absolute gift to the
holders, not only as to the few bonds
sold by Cleveland, but also as to the
enormous amounts issued before his
time.
That which Congress never would
do for the people, is done Mt n stroke
for a few of the people.
Thus tho burden of our national
debt is In moment doubled and the
time OF Its payment put off forever.
This measure makes a permanent
national debt necessary.
We shall see how long the public
will tolerate such faithless repre-
sentatives.
The passage Of this bill was all
that was needed to bring to pass the
long-promised reign of confidence, ~
Well, what kind of confidence"
was II that Wall Street felt while
the roll was being called in the
HouseP 1t was the kind OF CONT
dence the lamb experiences as he is
going down the VOLTS gullet, 1t is
the kind Of confidence man feels
after the roller has gone over him
and he comes up behind it, 1t is the
kind Of confidence felt by the sub
jeets Of a Roman peace made by first
creating solitude. And more of i,
will follow.
IT 10 idle for Mr.. Assistant Secre,
tary yanderllp to say, as he did yes
terday, that 1t was only just pun
ishment for lot of Wall Street
sharks, who, while biting others hac
themselves got bitten. Mr.. v. ex'
emplifes the last syllable of hi'
name. He knows very well tha
Wall Street and his department, I, @,
the Treasury Of the United States