Democratic Sentinel, Volume 20, Number 24, Rensselaer, Jasper County, 19 June 1896 — The Truth of History. [ARTICLE]

The Truth of History.

History must record the truth. The country had not “ample revenue and g< neral prosperity" under the McKinley tariff and the Republican silver law supported by him. During the Harrisou-Mc-Kinley regime a treasury surplus of $88,000,000, an annual .surplus of $100,000,000 and an excess of $98,000,000 in the gold reserve all disappeared. During the last four months of the Harrison adminis* tration the public expenditures exceeded the receipts $5,810,549, and go low was the cash ba auce and the gold reserve that Secretary Foster near the end of his term ordered the plates prepared for an issue of bonds to replenish both. This was avoided by a seizure of the national bank redemption fund, by nolding up payments on appros priations and bv securing s*-,250,-000 in gold from certain bankers in New York in exchange for greenbacks." The raid of the Billion-Dollar Coi gross had stripp’d the treasury, the distrust caused by the silverpurchase and inflation act had im paired the gold reserve, and the cu' in revenues by the McKinley tariff had ere ted a deficiency before the Democrats came into power. The panic, caused by the unwise legislation of the Billion-Dollar congress, was upon the country before Harrison retired from the presidency.