Rensselaer Republican, Volume 27, Number 41, Rensselaer, Jasper County, 18 June 1896 — DEMOCRATIC FISCAL FAILURES. [ARTICLE+ILLUSTRATION]

DEMOCRATIC FISCAL FAILURES.

An “Endless Chain” Disaster Since the Advent of This Administration. In the year 1893, Secretary Carlisle gave his first estimate of the 1895 fiscal •year, anticipating a surplus of revenue over expenditure of $6,120,959. A year later, in 1894, he revised this estimate and predicted a deficiency of $20,000,000. Both prognostications were wrong, for the deficit reached $42,805,223, In 1893 he was $49,000,000 out in his financial ideas, and in 1894, only six months before the close of the 1895 fiscal year, he was $22,805,223 wrong. In 1894 Secretary Carlisle gave us his first phophecy as to the current fiscal year, ending June 30,1896. Then he looked for “a comfortable surplus” of $28,814,920. But again he was away off, and five months -aga .changed his figures to a deficiency of $17,000,000, a slight difference of nearly $46,000,000 In these two estimates. Indications are that the actual excess of expenditures over'revenue for the 1896 fiscal year ending June 30 will be $32,000,000. This will be a difference of $60,814,920. from his estimate in 1894, and a difference of $15,000,000 from his guess of five months ago. For the fiscal year 1897 this free trade financier expects another “comfortable surplus,” though hardly so “comfortable” as his first expectations for 1896, as he puts It at only $6,908,927. Let us tabulate briefly the Democratic financial expectations and realizations from “a tariff for revenue only.” They will be handy facts to carry around: , Free trade financiering: Carlisle’s Revenue Revenue report of expectation. realization. For fiscal year ending June 30,1894. 18935430,121,365 $372,082,498 For fiscal year ending June 30,1895. 1893.. ... ..$454,327,748 ... 1894 424,427,748 $390,373,203 For fiscaLyear ending June 30,1896. 1894.. ..... .$476,907,407' ~ . 1895 431,907,407 *5420,000,000

*5271,370,202 for ten months, besides postoflice receipts. With such an exhibit of free trade financial incompetence, hbw can any Democratic politician or any Democratic newspaper have the brazen impertinence to offer advice or suggestions to Republican leaders or to-the American people upon any fiscal subjects? Kentucky Settles It. Democracy has still its position. The battle is set. As at Bothwell Brigg, the undisciplined levies have turned from their officers, turned upon them, rather—for poor Mr. Carlisle has lowed the lead of their fanatic field preachers into an array conducive of delight among their enemies. After the exposure of the soundmoney sham, the wearing through of the thin wash of gilt, so arduously applied by the administration one little year ago, the utter and complete revelation of the party’s nakedness in Kentucky, following similar frank disclosures in Missouri, Illinois, Indiana, Ohio, the Democracy will go into this campaign as a free-silver party. If it goes avowedly as such it will, for the first time lit twenty-eight years—since' its fatal blunder of repudiation—make Its battle shriven of its sin of perjury. It will not, at least, die with a lie on its lips. If it goes otherwise—under some patched-up banner pieced together at Chicago—it will die otherwise, as it has lived for a generation.—New York Press. »

America for Americans. I would secure the American market to the American producer, and I would not hesitate to raise the duties whenever necessary to secure this patriotic end. I would not have an idle man or an idle mill or an idle spindle in A this country, if, by holding exclusively the American market, we could keep them employed and running. Every yard of cloth imported here makes a demand for one yard less of American fabrication. Let England take care of herself. Let France look after her interests, let Germany take care of her own people, but in God’s name let Americans look after America! Every day’s labor upon the foreign products sent to the United States takes one, day’s labor from American workingmen. I would give the day’s labor to our own, first, last, and all the time, and that policy which fails In this Is opposed to American interests. To secure this is the great purpose of a protective tariff.—Hon. Wm. McKinley. Protection the Remedy. We ask our silver friends to look squarely at the truth. The gold standard is not the cause of this bigger debt in time of peace. The administration, In stating that such is the case, is hiding behind misrepresentation, and treacherously permitting the blow deserved by itself to fall upon an innocent party of. which it very ostentatiously professes to be the guardian. One hundred and fifty millions of dollars, or more than half the proceeds of the Cleveland bond sales, have been used In paying the expenses of the Government, for which that political fraud and financial fiasco, the Cleve-land-Wilson tariff, failed to provide.— New York Sun (Dem.).

Democratic “Prosperity.” The reactionary tendency in prices, shrinkage in railroad earnings, the falling off in bank clearings, and the fact that the present constitutes the beginning of the between seasons period, include the more conspicuous features of the general business situation. Bank clearings aggregate $991,000,000 throughout the United States this week, a falling off of 2.7 per cent, from last week and 10.8 per cent from the total in the third week of May, 1895. Bradstreet’s. Fitting Campaign Button.

This is a sample of a campaign button, that we respectfully subm't, to the Democratic | party, fittingly expressive of their free trade ideas.

Chinese Wool Competition. It Is not, perhaps, generally known that the wool industry of America is being seriously threatened, not only from the rapid Increase in the production of sheep in the Argentine Republic, Australia, Canada, and some European "countries, but also in China. Twenty-

five years ago there were no Imports inter this country of China wools. In 1870 there were 9,016 pounds of China wool imported, of the value £>f but $1,312, the import price per pound then being 10.45-cents; whereas in the present year (18s)5) the imports of China wool have reached poll nds. of the of $1,699,414, the import' price pound being 5.15 cents. This China wool, moreover, has been dem.onstrated to be equal to our low grade of merino wool.—United States Senator Mitchell of Oregon.