Rensselaer Semi-Weekly Republican, Volume 19, Number 34, Rensselaer, Jasper County, 31 December 1897 — “Klondyke Bulletin" [ARTICLE]

“Klondyke Bulletin"

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President McKinley’s ringing expression of 1896 that ‘‘every dollarof our currency must be kept as good as every other dollar" was reiterated by Secretary Gage in his remarks before the House Committee when his currency bill was unjdereaasideration. The free-coina-.gists made him the target for a long series of questions on the currency, but their efforts to shake the foundations of his financial faith -jrere unsuccessful.

'President McKinley s plan for the retention of the United states notes in the Treasury after they «re redeemed in gold and for an increase of the amount of currency that national banks may issue on their bonds deposited to secure circulation, seems to be gaining popularity in Washington and throughout the country. Of course the more elaborate propositions are being discussed, but with little prospect of adoption in view of the absence of a Republican majority in the Senate.

Congressman Sayers, of Texas, who surprised his Democratic associates by expressing some vigoroos protective sentiments in the announcement of his candidacy for the governorship, is being congratulated upon his frank recognition of the new order of things in the South. The rapidity of the growth of the protective sentiment in that section is remarkable, and is exemplified in the fact that there are now more protectionists in Congress from the South than at any time in the history of the A»untry.

An educational test is a promit neht feature of the iiiTinigratiou restriction bill now pending before h the Republican Congress and likely ±o be made a law. The Republican party has always been the I champion of intelligence and education, while those opposed to it have welcomed to their ranks a large percentage of the unsatisfactory element coining from abroad. It will be remembered P that the immigration restriction I bill of last Congress was vetoed by « Democratic President.

| The Republicans in Congress ; and the departments are moving in the direction of rigid economy in Government expenditures, and the appropriations for the current fiscal year are likelv to be considerably reduced. This fact adds to the probability that the Dingley law is going to prove ample in its ■evenue-producing capacity. Indeed, the members of the com- ’ anittees which framed it are unanimous in their agreement with ? Treasury othcials that it will meet t fte requirements of the Government and that no further revenue | legislation will be necessary. "■ With Germany, Russia, France, and Great Britain extendHfug their influence in China, the ||Sli&ncial world is liable to wake rail) -some fine morning to find that ptountry has adopted the gold fpfondard. Can this be the secret pbeaeon of the sudden anxiety of gßenator Teller on this subject? knows that the rejection of the Sjflver standard by China would be Ha Immense loss to his constituents, Hbe silver-mine owners of the West, pbom whom China has been a ijitMvy purchaser, and if reports are Sime, Mr, Teller is himself somewb*t interested in silver mines.