Democratic Sentinel, Volume 18, Number 2, Rensselaer, Jasper County, 26 January 1894 — REPUBLICANS RESPONSIBLE. [ARTICLE]

REPUBLICANS RESPONSIBLE.

Theunfortana tecondition of the Federal t reasnry is due to Republican mismanagement, and the mischief had been aooomplished before the Democratic party came into control of the government and a deficit. The responsibility for the present treasury straits belo g to the administration of Mr. Harrison. During those four years of Republican rule the country had X lunged headlong from a surplus of $185,000,000 to i t ankrupt treasury, and that, too, without the slightest lessening of the burdens of taxation upon the people but rather by a stbstantial and oppressive increase of the taxes, "ne duty on sugar was stricken off, bi»* cause, as Mr. McKinley declared the other day, it was a revenue duty; the duty on manufactured tobacco was reduced. ™hese re* leased taxes would have yielded more than $150,000,000 and would have saved any danger of a trees* ury deficit. UJhe redemptio of bonds and the payment of interest not yet due, the refunding of direct tax to the states, the sugar bounty of $10,000,000 a year and the deperdent pension bill were other means of wiping out the surplus, and the Republican party went out of power with the certainty of a deficit staring the nation in the face. Figures had been juggled with, while 4 the Re* publican secretary of the treasury was wrestling with the question of a bond issue to help the treasury which extravagance and mismanagement had looted

It was under these trying con* ditions that the Democratic party assuL ed the reins of government It has to deal with conditions which were left as the legacy of the Harrison adurnistration. Along with the McKinley law and the Sherman law came a train which plunged the country into the depression from which it is recovering through the wiping out ot one bad law and the prospects for the repeal of the other. It does not require a ver high ord br of intelligence to understand that while the work of destruction may be 3wift the recuperation must be gradual.