Milford chronicle., 1904-10-07


Wilson law was stupendous failrro os
Producer Of revenue. the Dpmoeratis r,a,'
~ IN Congress refused 70 on,e,,5 = 20 -
a.iat u could produce enough rava,ro
1ue saying, Millions for defense I'm
not one cent for tribute" in this cas-,
AllsAt nave been expressed. Millions ~
cost 10 the country in increasing defci
ana loss Of credit rather than one can.
Q, protection to any industry In wbicl
democratic leaders themselves did M,
happen to have some personal fipanca
interest, Ike coal and sugar"
W HEN NERO PLAYED A FIN
DIE WHILE ROME BURNED HF
SHOWED NO MORE UTTER IN
Dlt ERENCE TO THE INTERESTS
W HIS COUNTRY THAN T9F
LEADERS OF THE DEMOCRATIC
! EARIY IN CONGRESS- DTD IN
anAT DlSTRESSFUL YEAR 1874
W HEN THEY PLAYED PETTY
| fOLIIICS. AND ALSO THE MAR.
EI FOR SUGAR STOCK. AND
! WITH BLIND INDIFFERENCE" no
A FINANCIAL SITUATION THAT
WAS ALREADY DANGEPOTTc
- uShEO TO ITS PASSAGE A
6ILL I that IN TURN WAS TO
fGSH THE NATION TO THE VERY
VERGE OF BANKRUPTCY.
The Stone Instead of the Loaf.
4he one single proffer Of relief from
the Wilson bill deficit during the entire
session Of the Fifty-third Congress Dem.
ocraue IN both branches, was a bin dj.
Ieetlng the treasury TO coin and use the
S0oOOO,OO0 "seigniorage" theoreticaIlv
acquired by the government in huvine
Siiter at Uhe market price and paying it
out IN oyer-yalued silver dollars.
rms blil was a case of offering to the
financially distressed nation a stone
wnen a loaf was asked for, for with the
gold reserve crumbling to pieces owing
10 the increasing desire of persons ap-
prehendlng 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.
II was obviously a case of trying to sup
ply the straw to break the camel's back
TO furnish this additional load of silver
lot the gold reserve to carry at a parity
with gold.
But what did the Democratic Con
gress care if the seigniorage bill was to
further damage the credit of the coun-
tryE Never for a moment did the Dem.
Ocrats care to go back on free trade.
even to prevent a deficit in the treas
ury, and never for q moment did tbey
care TO go back on free silver, even to
prevent the fatal consequences to the
national credit that the increasing deficit
involved.
The seigniorage bill, however. was for
tunately vetoed by President Cleveland.
" no on the silver question at least was
right while his party was wrong. and to
whom credit is due for refusing 10 con
cede anything to the free silver senti-
ment during the same period when Al
ton b. Parker and Henry G. Davis were
poth actively aiding and abetting free
SILVER with their money and with their
votes.
Nindictive Treatment of the Pros
perity Goose.
The Democratic party during those
four years acted as if it deliberately
sought TO kill the goose that lays the
golden egg of prosperity. 1t was a case
Of give the goose a 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: ana |
then, lest there should be n few sparks |
Of vitality left, violent kick with the |
foot, and then another and then another
And there is nothing in the Democratic |
platform this year, or in the personal |
records of the Democratic candidates. |
" essrs. Parker and Davis. to suggest
hat the Democratic party would no, /
gain attempt the killing of the prosper
ty goose if it got the chance.
The Democrats want reduction in the
arif, hut unless they should pursue a
liggardly, drastic policy of cutting down
resent expenditures in furtherance OF
he honor and prosperity Of the nation
hey would need every bit. of the present
evenues from the tariff to make both
nds meet. However, even by pursu-
ng policy of ultra niggardiness in ex-
lendtures for the public good. extrav-
gance in other ways, coupled with their
arin revision policy. would probably
lore than neutralize such saving and
ecessitate large bond issues. Why should
he intelligent voters of the United
states give the Democratic party the
lightest chance to allow history to re-
eat itself in another doleful chapter of
incompetence. scandal. business disaster
nd hard times for all classes Of people:
Parker and Davis belong to the same
chOol as Cleveland as regards free trade | :
Xcept that Davis has been a protection
it when protection to himself through q |
iqh tariff on coal was invoivad Gr+
$ regards free silver neither Of them .
bowed the moral strength that Cleve- {
md showed in trying to prevent the
rosperity Of the country from being ut
arly crushed-for while Cleveland (
lught free silver, and fought it hard
arker aud Davis both voted for it. I
Da-I-.- II aI.n r-..na-