The Montgomery advertiser., 1904-02-12

tional agreement, or .py. sucn saIeBu8ru' tenance of the parity of the two metals all times in the markets and n the pay, psps CT Currency Ssne S feps a anas w | and redeemable in such coin. We insisi upon this policy as. especially necessaFy Sons sse csses Se and ost S
 less victims of unstable money and c | f1uctuating currency.
 The bill for the repeal Of. the purchasins clause of this act becameia, law. Novern. Der l., 1Sss. This legislation, in large degree. arrested the panic with which the country was then struggling. But the failure to take further legislative action in order that the intention of our Govern. ment to fulfill it's obligations in the; money universally recognised by all civilized countries. left the Treasury Department in large measure. at the mercy of the money chansers. Fortunately, Mfr. Cieve- land and Secretary Carlisle had the cour- age to take advantage of existing law, notwithstanding its onerous provisions. through which the equal power of every dollar of our money at all times in the markets and in the payment of debts," ss demanded by the Democratic platform, and required by the law of November i. 1893, repeating the purchasing claus. of the sherman law of 1890 was main tained. The Wilson tariff bill, though multidated in the Senate. became a law and took ef- feet August 24. 1894. It is well known that MT. Cleveland did not approve this law that 1t became a law without bearing his name. still. in his last annual Mes sage. December. 1898, Mir. Cleveland said he believed the law. if allowed a fair opportunity. would in the near future yield a revenue which. with reasonably economical expenditures. would overcome all deficiencies. In the meantime, he said, that no dedcit that had occurred pr might occur, need excite or disturb us. To meet any such deficit we had. he gold reserve of s1oo.oOo. 900. surplus of more than sl2SoOo.Oee applicable to the payment of the expenses of the Govern ment. and which must, unless expended for that purpose, remain a useless hoard, or. if not extravagantly wasted. must in any event be perverted from the purpose of its exaction from our people. The payment therefore, of any deficiency in the revenue from this fund. he said, was nothing more than it's proper and legit- innate use; that the Government thus ap- plying a surplus fortunately In it's Treas ury to the payment of expenses not met by its current revenues, was not at all to be likened to a man living beyond his income and thus mourning debt or en- croaching upon his principal. <.
 This Democratic administration. so se4 verely denounced by Mir. Bryan last night, having thus laid the foundation for the prosperity which the country has been enjoying for several years past, it Is unfortunate that the party departed from its true and historic policy in 1S9e and adopted a course rather to capture populistic favor than to continue Demo- cratic tradition and principle. Notwith- standing the prosperity we enjoy under | the gold standard as It now exists, we would have had still greater prosperity | H v "a under Democratic tariff laws, and have been relieved, of the injustice and. inc quality of the existing Dingiey law, which is the great feeder of monopofies and trusts. MT. Cleveland's policy, for .sound aariff and sotnd money laws stands vindicated to-day. and if Demo. crats had not run away to strange and untried fields. we would now have Demo- cratic ascendency in every department of our government.
 Where stands Mir. Bryan and his prophecies? What becomes of his pre- diction that unless we had the free and unlimited coinage of silver at Is to 1, every thing would wither away? That commerce would die, farms grow up in rank weeds, cotton bring 5c a pound, wheat sell for song and every man, woman and child be seeking the poor house.
 Mir. Bryan and his predictions are dis credited before the world. He stands by the side of the great Democrat he re- viles as does a rush light by .Ae mi--ay sun.