Rensselaer Republican, Volume 26, Number 51, Rensselaer, Jasper County, 16 August 1894 — The Situation as to Finance. [ARTICLE]

The Situation as to Finance.

The Indianapolis Journal puts forth the present financial situation in the following words: The gold reserve is down to $53,000,000, and this week’s foreign ship-

ments will probably reduce it to $50,000,000. The administration is hoping for a large increase of revenue from the heavy importations that will set in under the new tariff bill. It is possible this hope may be realised, but it will Be ’ at the expense of American manufactures and workmen, who ought to profit by the-business which it is proposed to turn over to their foreign rivals. There are better ways of raising revenue than by destroying American industries.

Capt. R. W. Marshall, whose probable candidacy for the Congressional nomination, was mentioned last week, is now, to use a much misused but m this case, entirely proper expression, “in the hands of his friends,” and his name will be presented to jthe Logansport convention, next Wednesday. In the present fair, free and friendly canvass for the nomination, he will imitate the example of all the other gentlemen throughout the district whose names are prominently mentioned in this connection and will make nd special canvass, or effort to secure the nomination. His friends will properly present his claims to the convention; and ■whether that body in its wisdom, sees fit to make him its nominee, or bestows the honor upon- some other, he will still be the same unswerving, hard working Republican he always has been. That Jasper county will stand by him unitedly, so long as there remains any reasonable prospect for—securing the nomination for our county, his friends confidently and rightfully expect.