The Owosso times. (Owosso, Mich.) 1897-1926, 1900-07-06
Once More Surplus, And More Gold
Than Ever Before.

Than Ever Before.
For the first time in seven years tn,
treasury of the United States has shown
surplus at She close of the fiscal year
which ended Saturday night, and to make
the matter still more subject of just con
graduation on the part of citizens in gen
eral thruout the country and to friends o
the administration in particular, the sur
plus shown is the great amount of more
than $50, 100000. The excess of receipts
over expenditures for the month of June
alone was about 100000.
Of almost equal, or perhaps of even
greater interest than the mere surplus, ID
the statement concerning the amount Of
gold coin and bullion on hand in the
treasury. Instead of the terrible scarcity
of the yellow metal with which the Bry.
an free silverites prophesied the country
would be afflicted in case of the definite
adoption of the gold standard, there is
now in the United States treasury alone
the magnificent and almost incomprehen-
sible sum of $42O, 100000 in gold coin and
bullion. And besides this enormous sum
there is also the great amount which is
distributed about the country in the
banks and in the pockets Of the people,
the latter amount being also far in excess
of any amount ever before known to have
been in general circulation.
Think oft Under the paralyzing eff.
feet of the democratic policy, when the
country was at peace, too, with all the
world and there was nothing to divert it
from the development of its great indus
trial resources, the stagnation of business
and the crippling of American industries
became 80 general that surplus which
had been left from the republican admin
istration gradually dwindled away and in
place of the strong sinews which the pres
ence of the surplus denoted there grew up
an ugly abscess, an evidence of the weak
Ness and disease which the democracy had
brought upon the country. And that
was in the time of peace Democratic
peace, too-peace in the factories and
mills and looms, peace on the railways,
peace in the markets where the agricul-
tural products of the country are sold,
peace in every line of progress along
which the country had gone under repub.
lican rule, peace in everything where
Americans long for activity and the STIR
ring strife of active demand and lively
trade! Yes, they were times of peace,
but they were also times of democratic
peace.
But what a change! Not even the war
into which the country was hurried before
the republican administration felt that
it was ready for war, in spite of the terri
BILE expense which the raising and equip
ment of armies, which battleships, and
fleets of transports entailed, in spite of all
this unnatural drain, under the magnetic
effect of the republican policy American
industries have taken on their oldtime
strength and appearance of robust health.
The deficit abscess has grown smaller,
and its place has been taken by the
sound muscular flesh of cash in the treas
ury until again there is surplns-all
solid muscle and sinew, strength not only
sufficient for the needs of the daily work
Of the country but surplus strength to
exult in, the surplus strength which
every healthy organism must feel to make
life worth the living. A political party
has an atmosphere of its own and the at
mosphere of the republican party has
ever been the kind in which all that is
good and virile and desirable in this coun-
try has developed. Unlike the blighting
of the democracy, its atmos-
phere has again and again proved its
power to restore and build up the best in
American life.
But not only has the surplus been re-
stored again, but see what it is like-the
hardest and frmest muscles of the ath-
ete can only compare with it. 1t COM
posed of no fabby tissue, no fifty.cent
dollars, and the hard yellow metal which |
knows what it is worth has not left the
and disappeared from sight as it's
enemies said it would do in very coward |
ce. And 90 today, in the face of the in
nerited. deficit, in the face of the enor-
nous war expenditures, and in the face
If the prophesied disasters which the
adoption of the gold standard was to |
bring the country according to the silver
orators, there is not only surplus, but |
here lie also in the treasury of the United |
States today the greatest stock of gold |
which can be found gathered together in
my one place in the world, and it is con-
inuing to come in. Yes, there is again |
surplus, and gold has not left the coun-
ny, and all good citizens of the United
States have abundant reason to be thank
III that the atmosphere of republicanism
'nvelops the country today. Incidental
y, too, they should see to it that the same
is preserved for another four
,ears, preserved, but even further puri-
led by a bigger majority for republican
principles this fall than ever before.
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