Pine Bluff daily graphic., 1907-04-21

the privilege of paving q certain loan Ill silver. That is, the bankers agreed 10 take the bonds at q price that would have saved 10 he treaSury in interest charges $t6.ooo,000 if the 1 word gold were written in the bonds. Those shoemakers in stateserafl the l6 to l-ers-indignantly refused ;n the very speeches in which they ua- dertook Jo prove That the silver dol lar under free coinage would be just as valuable as the gold dollar at the ratio Of sixteen to one. If that were true, il Wonld have been just as hard to get, and that shows the abstudity
 of their position They were not corrupted into making the bondho1d- CTS a present of this S1a,0oo00o IL was merely conspicuous and eX- pensiFe case of plain fool
 Or course he ignorant and vulgar believed that Cleveland and Carlisle were bought There was one story that Morgan gave Cleveland Il bribe of $f0,ooooo0 in a $65,0oO,0O0 trans action, and before it could be consu- mated Carlisle demanded and got an additional $12,000,000 for his share. Thousands implicitly believe it. They We're assured by the demagOgn2s that they betrayed and sold into peena9e by the very men who had saved them from the financial system of Mexico. It was a great time for the fools and asses, and Mr. Cleveland was the bass abused man in all our history rhen, as now, he was hated for the .a mense service he had done his cnan- try
 They said that he wrecked the
 Democratic party. How could that
 be, when the party refused to allow
 him? He pointed out the way to
 success. The party took another
 way, elected Bryan captain, and it
 has been in the wilderness ever since. Not one victory has it gained since Cleveland ceased to be cap tain. The Fifty-fourth, 'ifty-fifth, Fifty-sixth. Fifty-seventh, Fifth 1 eighth and Fifty-ninth congresses l were all Republican because the Democratic party repudiated Grover J. Bryan in the lead. The Sixtieth congress is Republican for the same reason.
 do believe MT. Cleveland made a mistake in not converting con- gress immediately after his last inauguration to reform the tariff. Had he done that, the bill would not have been mutilated in the sen ate We might have had real Democratic, honest and constitu tional tariff in that event and escaped the 16 to 1 malady; but everybody can see the thing after it happens more clearly than anybody can see it before it happens. Mir. Cleveland refused to sign the tariff bill of 1894 because of the party perfidity in the senate: he permitted it to become a law be- cause of the provisions of free wool and free lumber. Perhaps it would have been better to veto it. That might have made the tariff paramount in 1896.
 Mr. Cleveland would have saved his party anyhow, if it had not been for that Memphis conference in 1895. The country was starting to work. Prosperity was ready to ad vance, Industries were beginning to revive, but that 16 to 1 confab at Memphis evidenced that the Democratic party had abandoned 1 Cleveland and adopted 16 to 1. Then the country quit work, folded its hands, and waited for the set tlement of the coinage question. When the gold standard was estab- lisheu, prosperity came with a rush. It would have been Demo- cratic prosperity if the party had followed Cleveland and every suc- . ceeding congress would have been Democratic. This moment Demo- crat would be president if Cleveland had not been deposed and a South ern Democrat at that. I make no doubt.
 We'll, Cleveland has again shown them the road to victory; he has