Rensselaer Republican, Volume 18, Number 5, Rensselaer, Jasper County, 8 October 1885 — A Debt-Making Party. [ARTICLE]

A Debt-Making Party.

Not a single .bond call has been made since the Cleveland administration came into power. The new-fangled debt statement shows apparent decreases in the public debt, but a close examination proves that these figures refer only to payment of interest and that nothing has been done to lessen the principal. The utmost that can be claimed is a reduction of less than one million dollars in the public debt in the course of seven months. Compare this with the ten-million sweeps every six weeks or two months under preceding Republican administrations, and a very good idea will be gained of the Treasury management under Manning. The revenues, instead of being applied to the payment of the public debt, are piled up in idle accumulations or dissipated in increased expenditures. However, this is only what all intelligent people should have expected as the result of turning the country over to Democratic control. Throughout its history the Democratic party has been a debt-making and not a debt-payjng party." Under every Democratic rule heretofore the country has been carried deeper and deeper in debt: The same rule prevails in the States. There is not a Commonwealth m the Union that has been under Democratic rule for the last twenty-five years without being plunged deeply in debt. The Democratic habit pf treating public revenues as spoils to be eaten by hordes of officeholders is so chronic that the party invariably proves itself unequal to the ta k of reducing a debt.— Chicago Tribune. The Democratic administration has claimed reduction in the national debt from month to month, but it is now said that these “reductions” are only tricks of figures whereby necessary payments of interest are made to appear asa diminution of the principal. Under Courbon management the real reduction has been less than $1,000,009 in seven months. 4 /- • a • 9 . 4