Rensselaer Republican, Volume 28, Number 8, Rensselaer, Jasper County, 24 October 1895 — THE CLEVELAND DEBT. [ARTICLE]

THE CLEVELAND DEBT.

The friends of President Cleveland ignore the fact that his is the second administration in fifty syears to increase the public debt a time of peace, and the Indianapolis Journal in commenting on this state of facts says that “when one of them does mention it, he attributes it to the policy of the Harrison administration. This will not do. Under the Harrison administration, prior to the election of November, 1892, the rev enues of the Treasury exceeded itsexpenditures month by month. The revenues did not begin to fall off until the shadow of the (-leveland fsbe trade policy cast its uncertainty over the country, causing paralysis to fall upon every industry three or four months, later. The monthly deficit began to appear and has appeared every month since May, 1893, except two. And what has been the result of the deficit? An increase of the debt of'the United States by more than $300,000,000. Two issues of bonds for $50,000,000 each bearing 5 per cent, interest, must run ten years,

which means sloo,ooo,OftO principal and $50,000,000 of interest. The loan of $02,315,000, bearing: interest at the rate of 4 per cent, for thirty years, calls for, $74,778,480 of interest. To this must be added the deficiency since June 30th of over $ 13,000,000. Adding all these loans, interest and deficiency together and the totfel is over $305,000,000. This $305,000,000 represents the real increase of the debt and liabilities g'owing out of the increase since Mr. Cleveland became President. There is no reason to believe that the debt-increasing limit of Mr. Cleveland’s administration has been reached. The present tariff law cannot furnish sufficient revenue to meet the curent expenditures of the Government, in spite of the fact that it takes $40,000,000 a year out of the pockets of the people as a tax on sugar. There is tyut one source of consolation in connection with this matter, and that is that if the Cleveland- Wilson tariff bill had become a law as it passed the House the deficit would have been many millions greater and the liability incurred to pay current expenses would b 3 $50,000,000 larger than it is. 'And yet Senator Brice declares that the President is the greater statesman in his party!” Dr. Caldwell’s Syrup Pepsin is so pleasant to take and withal so effective in results that when once tried nothing ever again takes its place. For Constipation, Indigestion, Chronic Sick Headache, Summer Complaint or any trouble of the Stomach or Bowels, it leads all other remedies. You don’t have to spend a dollar to try this remedy* It is put up in 10c bottles and speaks for itself as well in a small as a large quantity. Regular sizes 50c and sl. For sale by F. B. Meyer’s.

The Lafayette Courier, noting the fact that the state printing board is having its usual trouble about letting the contract for the state printing; and the further fact that the present system is a cause of constant loss, and opens the way for frauds and extravagances, suggests that a state printing office organized, with a view to economy. Thesuggestion is an excellent one and ought to be put in practice. Aud while the state printiug is thus being arranged for, why not provide that the same establishment should also supply the counties with their necessary blanks, records, &. Let such an establishment be properly organized and put under competent non-partisan management and compel the counties to procure their blanks and stationery of it,l and it would probably be a safe estimate to say that half the money now paid by counties for blanks and stationery could be saved.