Rensselaer Republican, Volume 24, Number 1, Rensselaer, Jasper County, 3 September 1891 — A CONTEMTIBLE DEMOCRATIC TRICK. [ARTICLE]

A CONTEMTIBLE DEMOCRATIC TRICK.

Senator Gilman’s article this week, beaded “Uncle Samuel as a Railway Magnate” is well worthy of a most careful and thoughtfulsreading. It is evident that Mr. Gilman has made the subject of government control of railroads, as well as that of an extreme governmental paternalism a matter of deep study and investigation, nnd he treats those subjects in a broad-minded and statesmanlike muMier; and his arguments and conclusions seem to us eminently sound and just. ' 1 New Albany Tribune : The statements made a few days ago by Secretary Foster, will be sadly disappointing to the Democratic bankruptcy prophets. His statement shows that 818,500,000 of the per cents, have been extended at 2 per cent, that applications have been received covering 82,500,000 more, and that it is probable a consideiable portion of the remaining thirty millions will be extended. And he says farther, which will be gall and wormwood to those who assert and hope that the treasury is or will be bankrupt, that “it will be no hardship to the treasury to .... be called on to pay those not ex tended. While there is less money in the treasury than for many years past, ii is in a comfortable condition. And because of less money in the treasury, it follows that more money than ever before is in the hands of the people, thus facilitating the conduct of the business of the country. We are on a gold basis, and there is no occasion for alarm as to the ability of the government to maintain this condition.” That is, the treasury is safe, the vast surplus formerly held in the treasury is now in circnlatiou. and all the. money out among the people is good sound money.

Editor Republican: The Democratic State Central Committee has sent out circulars to the Democratic Township Trustees advising them to make very low tax levies for township purposes, even if they have to borrow money to pay township expenses. Could anything be more contemptible? They would cause the people to pay interest on borrowed funds in order that the party might be kept in power. The Trustees should make their levies so they will have funds enough to pay expenses, and they should be strictly economical in all purchases. One Trustee showed the circular he received. Facts.

In a recent issue of the American Econovnsi, Mr. H. K. Tlmrber, one of the best known and most successful business men of New York city, justifies his support of the protective principle in a few words by saying: “I am a protectionist because thrift follows the enactment of wise laws; becase I love my own country better than I do foreign countries; because every dollar j sent abroad to purchase goods j that we can produce at home makes us a dollar poorer; because it is better for this country to feed, clothe and house our own labor in this country than to support foreign labor in other countries with our money; because jt is true, as Peter Cooper well said: “No goods purchased abroad are cheap that take the place of our own labor and our own raw material.”