THE IMPENDING REVOLUTION. 



In December, 1885, Senator Beck, of Kentucky, one 

 of the most eminent statesmen of the Democratic party, in 

 a speech made in the United States Senate, said: 



"I desire to state, with great distinctness, that I am 

 not making war on bondholders, or national banks, or 

 bankers. I voted to renew their charters, to repeal all 

 taxes on their capital and deposits, and will cheerfully vote 

 for any and all measures necessary to add to their useful- 

 ness, either by increasing their circulation to par with the 

 bonds deposited, or, if it can be done with justice to their 

 competitors in business, repeal the tax on their circulation. 



When the vote was taken on the bill to recharter the 

 national banks, but 56 Democrats out of 137 in the House, 

 voted against it. 



On June 2nd, 1888, Mr. Wilkins, (Democrat) chair- 

 man of the Committee on Banking, made the following 

 report to the House: 



" Owing to the success attendant on the national 

 banking system and the recognized benefits it now affords 

 the whole country, the question of its continuance to a 

 period co-equal at least with the existence of government 

 bonds, seems well settled by both Congress and the people. ' ' 



From the report of W. L,. Trenholm, Mr. Cleveland's 

 comptroller of the currency, made to Congress in 

 December, 1888, we quote the following extracts as an 

 indication of the Democratic policy with regard to national 

 banks. He says: 



"The $346,000,000 of greenbacks are the weak point 

 in our currency system. The gold coins and certificates 

 stand first, the national bank notes next, the silver coins 

 and certificates third, and the greenbacks last in the order 

 of assured value, and it would be a great benefit to the 

 whole mass of the country if this, its frailest element 

 could be eliminated from it 



