Democratic Sentinel, Volume 17, Number 27, Rensselaer, Jasper County, 28 July 1893 — KEEP THIS IN MIND. [ARTICLE]

KEEP THIS IN MIND.

When the Democrats wc. t out of power in 1889 there was a sur-* plus in the treasury of $85,000,000. QThe gold BboveJthe reserve was S9B 000,000. The annual excess of revenue above expenditures was nearly $100,000,000. The silver purchased was coined, not heaped up like useless iron. The country was prosperous. Trade was good. Gold was coming this tvay- the net gain in four years having been $54,772,000. When the Democrats were restored to power, after four years of Republican • rule, the surplus was spent and a deficiency was impending . The free gold had been drained out of the treasury. Ther expenditures ot the government exceeded the receipts,though th se had been increased. A Republican silver law had menaced the national credit and had unsettled business. The country had lost to Europe 8122,000,000 in gold.— Tariff-fostered trusts and uimolested lawless conspiracies, fail.ng through grasping greed and revealed rascality, had brought the aountry to the verge of a great panic, which only the faith of the people in President Cleveland has averted.

Senator Turp e the oilier day addressed the Democratic Cty Convention of Indianapolis,gaud in the course o? his remaiks referred to the stringent y of the money market and the so-called “hard times.” “The times we are enjoying,” said he, “are strctly republican times and the republican party is responsible for them All laws concerning trzde, cuinmerce, revenue, taxation i nd money are statutes which were placed in execu. tion under repub ican administration Only a few weeks ago the last provision* of the McKinley bill went i to ooeration and to its eifects can be iraced much of the troub'es which go to make up the hrd times. The Sherman act is the law of the land to-day, and this is the law that nas caused --n extra session of congress to be called for its epeal. By it a given amount of silver is purchased by the government for cold storage in the vaults of the treasury.” Heisaid he could not allude to the times except to denounce his political opponents and their laws whicn cause the times. He was in favor of the old motto, “In God We Trust,” but could not agres with those who w inted to Insert the letter “L” in the second word and make the motto r 3 ad “In Gold We Trust.” Gold may be precious, but right is more worthy of consideration.

A Washin ton dispatch states that Comptroller Eckels has is<* sued an order whereby national banks will now he examined twice a year instead of annually. He believes that twelve months between visits 's too long a time to elapse, a d thinks that depositors

and the public in general will be much better protected under the new rule. It is difficult to see why Schieffielin & Co., the New YorK druggists, shoultj at this juncture, demand gold in payment for foreign drugs. Any money that is new a?oat is as good as gold; and no matter what A customer might pay, greenbacks, silver certificates, coin certificate, national bank notes or ilver.cheok or draft, the New York druggists could get gold therefor at any New York bank. There is no present fear that gold will go to a premium, that js that the Governi. ent will be unable to keep every dollar in circulation equal to a gold dollar. The present silver law would result sooner or later in makiu" it impossible for the Gove v nmeut to maintain the gold standard. The country is coming pretty generally to see this; and there has been fear that the evil day would soon bo upon us. But the attitude of the ad - ministration and the growing belief that Congress when it meets next month in special tession will take prompt action to repeal the mischievous law and to declare for an unvarying standard of value aud a sound currency, have tended to restore confidence in the financial world. —Indianapolis News.