Democratic Sentinel, Volume 21, Number 41, Rensselaer, Jasper County, 8 October 1897 — Page 1 Advertisements Column 5 [ADVERTISEMENT]

The L gansport Phaiossays: *lt would be a case of just retribution if England were forced by trade conditions to assist in the restoration of silver to its ancient place as money of final redemption.— England lias been the chief cou apirator among the nations of the world in the attempt to destroy silver. The Europeau crop failure has already resulted iu a great drain on the European gold reserve. If gold becomes scarce, then Europe will joiu the effort to restore the double standard. When an agree mentis reached according to silver the minted rig.ita of gold at the ratio of 15 J to 1, or 16 to 1, silver money will pass current through out the world, the equal of goldin every financial transaction, aud the mines of Mexico aud the United States will furnish the Bilver for tho mints.’

On the first day of this mouth the receipts in the United Staten Treasury-amounted to $766 369 94; the expenditures to $1,690,000. Defioit, $923,040 06. The deficit for the fiscal year to date amounts to $29,939,694 85. This is an extremely bad showing whou the fact is considered that the Government is working under a new tariff law, she specal object of which was proclaimed to be to put the public establishment on a “business” basis; to make the income equal to the outgo. It wmb argued that " ‘.onstantly growing deficit and borrowing money to meet it wo’d ceotainJy i bin any private businosi establishment. It was also urged that government was simply business oil a large scale, and that

he same rules must apply to it us ate applicable to private business affairs. This is a common fallacy, but tiie projectors of the new tariff ignoring as they do the really vital, Questions, are none the less responsible for the present hand to mouth condition of the Treasury. The Government is not a I usiness establishment. It earns nothing. It is simply supported bv tuxes on the people. It can run behind without loss of credit; without impairment of its commercial standing, so to speuk, except under extraordinary circumstances, like those of the civil war. Even then, no association of business men, however affluent ana prud?ut, co’u have obtained credit to carry on such a mighty enterprise. Of course, iules of economy should appb to the administration of government, same as to private business. The Gingley law is no better than its predecessor for raising revenue or for any other purpose. Indeed, it promises much worse results. Economy in expenditures, rather than a new revenue law, was the thingjneeded. The tarilfltes, nowever, must stand by their guns. They said thty were going to revise the duties on imports so as to make sufficient revenue. They h tve failed, but they cannot shift to another explanation at this late date.

Our old friend Alf. cCoy says that lie hns “tamed forty bucks in with 700 ewes, and that every Jo mb that stands up and Bucks will be worth a dollar more under the Dinglev bill than under the Wilson bill.” Mac says that is what he calls “pure and undefiled prosperity that ‘fadeth not away.’ ” In bis claims Mac simply gives another object lesson in the operations of a “protective” tariff. He says, in so many words, that he will prosper to the extent of a $ on every standing, sucking lamb, at the expense of the many who pay tho tribute money. He”simply illustrates the ti uth’coDcerning “protection,” that it enriches the few at the expense of file many. In this undertakiLg it is to prospor McCoy to the extent of $1 per lamb, to the impoverishment of the pu.chasers to the amount of a dollar for each lamb purchased.

Auditor H. B. Murray returned Monday evening from Valparaiso, where be had hem visiting his cousin J ; . C. Barklev, who is quite ill