The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1904-10-07

after 1t was fully demonstrated that tSl
Wilson inv WAS q stuiendons failure as
Producer of revenue. the pemocr,tic par.
~ IN Congress refused to amend il Sc
that ii ceufi produce enensi. revenue
The SAYING. "A.#!..;;v,ts FOR defense. but
not one cent for trihute." in this case
MIGHT haze been expressed. millions ot
cost 10 the country IN increasing deficit
and loss ot credit rather than one cent
OF projection 10 any ministry IA wii,cti
Democratic leaders themselves did not
happen to hay, some personal financial
interest, like coal and sugar"
WHEN MEMO PLAYED \ FID-
DIE WHILE ROME BURNED Iii,
SHOWED NO MORE UTTER IN
DIFFERENCE TO THE INTERESTS
OF HIS COUNTRY THAN THE
LEADERS OF THE DEMOCRATIC
PARTY IN CONGRESS- DID IN
THAT DlSTRESSFUL YEAR 1891
WHEN THEN PLAYED PETTY
Politics. AND ALSO THE MAR
NET FOR SUGAR STOCK. AND
WlTH BLIND INDIFFERENCE TO
A FINANCIAL SITUATION THAT
WAS ALREADY DANGEROUS.
EilL THAT IN TURN WAS no
4 - ~ ~ lto-N ~ l II Il v I.ill
VERGE OF BANKRUPTCY.
The Stone Instead of the Loaf.
The one single pro(fer of relief from
the Wilson hill deficit during the entire
session of the Eifty-third Congress. Dem
ocratic i'll both branches. was Il bill ai-
iecting the treasury to coin and use the
$ao,OUD.0oo .'seigniorage" Theoretically
acquired by the government in buying
silver at the market price and paying it
out in over-valucd silver dollars.
This bill Was Il case of offering to the
financially distressed nation a stone
when a loaf was asked for. for with the
gold reserve crumbling to pieces owing
to the increasing desire of persons APP
pretending a slump to the silver basis
to exchange paper and silver money for
gold, and owing to the encroachments of
the government itself upon the gold re
serve because of the increasing deficit.
it was obviously a case of trying to sup
ply the straw to break the camel's back
to furnish this ADDITIONAL load of silver |
for the gold reserve to carry at a parity
with gold.
But what did the Democratic Com
Gress care if the seigniorage bill was to |
further damage The credit of the coun-
- -'t''A W u INV tiAi lHt ell |
ocrats care to so back on free trade.
even to prevent a deficit in the treas
ury. and never for IL moment did they |
care to go back on free silver, even to
prevent the fatal consequences to the
national credit that the increasing deficit
involved.
The scigniorage bill. however. was for
tnnately vetoed by President Cleveland.
TO on the silver question at least was |
Fight while his party was wrong. and to
whom credit is due for refusing to CON
cede anything to the free silver senti-
ment during the same period when AL
ton Il. Parker and Henry G.. Davis were
both actively aiding and abetting free
silver with their money and with their
votes.
Vindictive Treatment of the Pros
perity Goose.
The Democratic party during those
years acted as if it deliberately
sought to kill the goose thai lays the
golden egg of prosperity. 1t was Il case
)f give the goose Il hit in the head with
Il big stick, then in order to ward off
any returning signs of animation. a more
severe hit, this time in the heart; and
then, lest there should be a few sparks
of vitality left, a violent kick with the
foot, and then another. and then another.
And there is nothing in the Democratic
this year, or in the personal
records of the Democratic candidates,
Messrs. Parker and Davis, to g
that the Democratic party would not
again attempt the killing of the prosper
ity goose if it got the chance.
The Democrats want reduction in the
fn riff tNt ,y,10ee tJo,, 1a-1l
niggardly, drastic policy of cutting down
present expenditures in furtherance of
the honor and prosperity of the nation.
they would need every bit of the present
.evenues from the tariff to make both
ends meet. However, even by pursu-
Il policy of ultra niggardliness in en-
penditures for the public good. extray-
asance in other ways, coupled with their
tariff revision policy. would probably
more than neutralize such saving and
necessitate large bono issues. Why should
the intelligent voters of the United
States give the Democratic party the
slightest chance to allow history to re-
peat itself in another doleful chapter Of
incompetence. scandal, business disaster
and hard times for all classes of people:
Parker and Davis belong to the same
school as Cleveland as regards free trade.
except that Davis has been a protection
list when protection to himself through a
high tariff on coal was involved. But
regards free silver, neither of them
showed the moral strength that Cleve-
land showed in trying to prevent the
prosperity of the country from being ut
terly crushed-for while Cleveland
fought free silver, inc fought it hard.
Parker and Davis both voted for it.
Parker and the Trusts.