People's Pilot, Volume 4, Number 38, Rensselaer, Jasper County, 9 March 1895 — THE NEW BOND ISSUE. [ARTICLE]

THE NEW BOND ISSUE.

The President Depend.* Upon the New Congress to Kndorse It. President Cleveland, according to all the dispatches from Washington, has resolved, on his own respons.'ilily and that of his clerks in the cabinet, to issue bonds for the largest loan that in time of peace the United States gov- ! ernment has ever attempted to negotiate. Congress is in session—the Congress Of Mr. Cleveland's own party. Has It been consulted on this question of grave national import? No. Have the people, through their representatives, been asked to pass on the wisdom or the folly of adding the enormous sum of $500,000,000 to the national debt? No. I Conceded that the national treasury is in a bad way, is this autocratic method of relieving it the proper course to pursue? Have the people no voire i.i the matter? Are they dumb cattle, to be chaiued at the chariot wheels of foreign bankers? For it is to foreign bankers and not to the peopie that Mr. Cleveland is appeal _ O . There is no sacrifice the people will not make to preserve the ,v !t and the honor o* the repu! lie. : hey will give the last drop of them blood to maintain the one and the other, u the fundamental principle and theory of our institutions is that they should lie co isulted through their ehei.eu represe itatives in every great erit is, such as this one is. The glib gabble that the next Congress will endorse the action of the administration on this question has no foundation in fact, it in mere surmise and speculation. Before Mr. Cleveland launches his iive-hu ulred-raillion dollar loan, why does he not call tlie next Congress together an 1 see what it will do? The tre; ury v. ul not suffer in the meantime.- New York Recorder.