Rensselaer Republican, Volume 25, Number 16, Rensselaer, Jasper County, 15 December 1892 — The Pilot answers THE REPUB. [ARTICLE]

The Pilot answers THE REPUB.

The falsehoods of the Democrats to the contrary, notwithstanding, the offieial report o r th<‘ Secretary of the Treasmy show? that the national finances are in good shape, and in spite of the over 250 millions of indebtedness that has been paid under Harrison’s administration, there is no deficit of a hundred millions H6r of a single cent. Neither has the gold >reserve been diminished, but is fully up to the requirements of the law, and there is money enough on hand and in sight, including tinregular revenues, to pay all the expenses of - the government until the ending of the fiscal year, the first day of next June, and to leave a clear balance of 20 millions in’the Treasn ry. MKigUWIIVPM—Mi Thurapora OL tne SecreUi y o, the navy shows tiiat wonderful and most gratifying progress Ims been made during the last four yeavs ir building and arming new ships and in the no less important matters of making modern guns, projectiles, gunpowder, armor and torpedoes. In the matters of ar mor, projectiles and smokeless powder it is reliably claimed that the Yankees now beat the world Uncle Sam can no longer be safely blulfed I>y any third or fourth or even second rate naval power; but until we have at least a good round dozetr of first class battle ships, of about the 10,000 ton Bize, and oi which onlv f nr have as ypf beep begun or own authorized bv Congress, this country would be at a terrible disadvantage in a war with any first class l wal power, like England or France.

lican's recent remarks regard*! g the anti-tax law resolutions of' <lie State Executive Committee, of tlu Farmers’ Alliance, with its usual brazen - 1 »• - '• gs Want of c.indor. The resolution , it will be remembered, were directly •. ■ r— -4 he- }* -vi! a,j, taken all through tile - cam paign by the Pilot, and as yet, that pn per has .carefully refrained frunr 'publishing' them,- yet it has the gall to say the fesolntions are"**;.! right”- am] actually to assert tfc they are right because they were mad** by tin riUJ\ Tan 'oi-.', advanced in support of this r-’.j markable i» the* ! secretary of the said State Exc; i J five Co mm itt §? \t, ■ the hstoi.’kii jidef ih the PiUjt Culujwi, I

This last assertion, whether tree or untrue, does not a Iter the? fact that a majority of the said stockholders and that they control the organization of the Company and dictate the political course of the paper. And that course has simply been to try to do all the injury possible to the Republican party, and all the good pjossible to the Democratic party. '•] • j - i ' | Jay Mould’s will has been made public, All of his vast fortune is given to Ms near relatives, and the b UK of it tied up under the management of the most Gould-like o l his Sons. The manner in which this cojlbssal miser made and kept his wealth in life and disposed of it in will put a most powerful and effective argument in the hands of the advocates of those ' _ j ; • T-; -- - - » extreme principles of socialism, which, if adopted, would lead on to revblution, anarchy and the absolute overthrow of liberty if not of civilization. Fortunes made and disposed of as Gnu Id made and disposed of his, are the most powerful progenitors of communistic principles and for that reason, if jnopther, should bn regulated and restrained by the ~ govern-: menfc,, as a matter of public policy. In ot ier ways, too, very great fortunes are a great burden upon the people. The example of luxury, selfish extravagance and often of gilt-edged immorality set by their possessors, is imitated by multitudes, who are thereby led in‘o poverty or crime, or both. Great fortunes should make some amejnds for the evils they do, by prying very great taxes to the national government, and the greater the fortune the greater should be the rate of taxation. There ought also to be a specially heavy inheritance tax upon iarge fortunes disposed of in such a wholly selfish manner as Gould disposed of his.