Rensselaer Republican, Volume 27, Number 29, Rensselaer, Jasper County, 14 March 1895 — A RECORD OF INCAPACITY. [ARTICLE]

A RECORD OF INCAPACITY.

The Review of Reviews, a nonpolitical magazine, is moved to speak its mind in that most interesting department, “The Progress of the World” concerning the. the fifty-third congress, President Cleveland and the party in power. It thinks strong superlatives are seldom justified. It goes on to say; “Nevertheless it would not seem ill-advised to declare that the whole financial history of modern nations furnishes no instance of [incapacity so great, of statesmanship so utterly wanting, of common sense so pitably abdicated, as our own country has shown in the past two years. There has been frittered away the highest credit that any nation|had ever attained; and this change has been wrought when no difficulties whatever existed except the one difficulty that the party in power could not agree upon any policy. Whatever President Cleveland and theJNew York banking interests may think, the people of the United States do not want longtime interest-bearing bonds issued

in times of peaces The people would/unquestionably have preferred an issue of short tinfctreasury certificates of one sort or another, to meet temporary exigencies, and a prompt levy of sufficient’new taxes to bring current revenues up to the point of meeting amply both the Current expenditures and also all the further tasks imposed by the necessity of maintaining the gold reserve and the interchangability of all sorts of money.”