Democratic Sentinel, Volume 20, Number 28, Rensselaer, Jasper County, 17 July 1896 — Democratic State Central Committee. [ARTICLE]

Democratic State Central Committee.

First District—John W Spencer, Ev ansville. Second District -Parks M. Martin, Spenoer. Third District—Richard H. Willett, Leavenworth. Fourth Distriot- Joel Matlock, Brownstown. Fifth District—Frank A. Horner, Brazil, Sixth District-K. M. Hord, Shelby viye District—Tom Taggart, Indian (olis. ighth District—J. J. Natterville Anderson. Vinth'Distriot—W. H. Johnson, Craw fordsville. Tenth Distriot—William H Blaokstxck, L uayette. Eleventh District—Rufus Magee, Log insport. Twelfth District—Thos. H. Marshall, Columbia City. Thirteenth District —Peter T. Kruyer, Plymouth. Sterling R. Holt, Chairman

1 am one of these who does not believe that a national debt is a national blessing, but rather a curse to a republic, inasmuch as it is calculated to raise arouud au administration a moneyed aristocrat cy, dangerous to the libertieß|of the country.”—Andrew Jackson.

Government receipts for June were nearly $2,500,000 above expenses, and the deficit for the year ending with June was but $26,042,* 000. The preceding year it was $46,558,909, and during the last year of the McKinlev law the shortage amounted to $72,325,448, This satisfactory inciease in governmental receipts, following as it does a severe panic, is in striking contrast with the experience after the depression of 1873, when for five years there was a large de . crease in therevtuues.

Fiona the formation of our gov« ernmerit until 1873, tbs United JJtates maintained the double standard of silver android as primary money and the free coinage of ntd* ther rnetal was prohibited. The Republican party struck silver down as primary money and since then the sttuggle to obtain gold has been so great that its value has almost doubled. Whv did our gover ment abandon the monetary system established by Jefferson ? Why were the plain provisions of the constitution oet aside to enthrone cold os the only money of redemption?

The big shortage in the govern* ment revenues occurred under the last year of the McKinley tariff. This is history, and nothing the Republican newspapers may sny to the contrary can c aßge *ha facts of history. The shortage in revenues during the last year of the McKinley tariff, July Ist, 189 l, was $72,325,448. The shor age for the veer ending July Iri, 1895, the first year of the present tariff, was $46,558,909. The shortage of the second - ear of the Wilson tariff. July 1. 1896, was only $26,042,000. Had the income tax feature of the present law not been overthrown the revenues for the second year of the Wilson tariff would have been ample. Even without the ncorae tax revenues w ould be ample if people had the money with with which to buy tariff taxed articles. People are not consuming tariff taxed articles as they formerly did, because the money king, of the world have contracted the money in circulation. They h iv* hoarded gold They have forced the government to sell bonds to maintain a single gold standard. They have foiced the governmen to contract the money in circulation and $270,000,000 of the people’s money now lies idle in the government treasury. Jf money were not locked up—if it were not made dear by an -ffort to make one metal do the business of tbecouns try - people would be m a jonditiou to buy more and our teveuaee, under the Wilson Griff, would exceed the Amount necessary to meet the enormous expenditures ihat have been made ecessary by ex tiavagaut Repu’-.ican lawmakers JLUo McKinley law was not a revenue tariff. P was not designed tor tliai purpose. Its object was to give protection to trusts and monopolies. This it did while the