Rensselaer Republican, Volume 27, Number 26, Rensselaer, Jasper County, 5 March 1896 — COSTLY GROVER. [ARTICLE]

COSTLY GROVER.

Increase of the Bonded Debt Under The bonded debt of the nation increased in two years of “Grover and clover:” February, 1894 *50,000,000 November, 1894 50,000,000 February, 1895 62,315,000 February, 1896 100,000,009 T0ta1.*262,315,000 The two issues of $50,000,000 each bear 5 per cent, interest, and have ten years’ life. Interest on these will take $50,000,000 from the treasury. The present loan and that of last year are at 4 per cent., the life of the lionds being 30 years. Interest on these will take $194,778,000. We have, therefore, this exhibit of the cost of Clevelandism in hard, borrowed cash, to be repaid, principal and interest: Bonds, ss. ten years*loo,ooo,9oo Interest, ten years 50,000.000 Bonds, 4s. 30 years 162,315,000 Interest, 30 years 194,778,000 T0ta1*507,093,000 This is one item of the grand total of the cost of Clevelandism. otherwise ' “the change” which the people took it into their heads in 1892 they wanted. Cleveland and Carlisle and a free trade congress and Wilson and Bayard came high, but we bought 'em.—Utica (N. Y.) CZYes, the bond issue was a great success. But issuing bonds is not paying the national debt. That salutary practice was discontinued when the late republican administration at Washington went out of power.—Troy (N. Y.) Times. KFIt will soon be time for the, democratic presidential nomination to go out on a long stern chase for its victim. --Scranton Tribune. T