Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1884-08-01

profits. or he must make the Ameri-
can laborer suffer, in the attempt
to compete with the species Of labor
above referred to. In the case OF
a substantial reduction of pay,
there can be no compensatlng ad-
vantages for the American laborer,
because the articles of daily con-
sumption which he uses-with the
exception of articles not produced
in the United States, and easy of
being specially provided for, as
coffee and tea-are grown in our
own country, and would not be
affected in price by a lowering IN
duties. Therefore, while he would
receive less for his labor, his cost
of living would not be increased.
Being practically placed upon the
pay of the European laborer, our
own would be deprived OF taclll-
ties for educating and sustaining
his his family respectfully; he would
be shorn of the proper opportunl-
ties of self.imprOvement, and his
value as a citizen, charged with a
portion of the Obligations of Gov
ernment, would be lessened; the
moral tone of the labOring class
would suffer, and in turn the IN
terests of capital, and the well-be.
ing of orderly citizens in general
would be menaced, while one evil
would react upon another until
there would be general disturbance
of the whole community. Ihe
true problem of a good and stable
government is how to infuse pros
perity among all classes of people
the manufacturer, the farmer, the
mechanic, and the laborer alike.
Such prosperity is preventive of
crime, security Of capital, and
the very best guarantee OF general
peace and happiness.
The Obious policy of our Govern.
ment is to protect both capital and
labor by a proper imposition OF
duties. This protection should ex-
tend to every article of American
production which goes to build up
the general prosperity Of our peo-
pie. The National Convention, in
view of the special dangers menac-
ing the wool interests Of the United
States, deemed it wise to adopt a
separate resolution on the subject
of its proper protection. This in
dustry is very large and impOr-
tant one. The necessary legiSla-
ton to sustain this industry upon a
prosperous basis should be eXtcn-
ded.
No one realizes more fully than
myself the great delicacy and diff
Guilty of adjusting a tariff so nicely
and equitably as to protect every
home industry, sustain every class
of American labor, promote to the
highest point our great agricultural
interests, and at the same time to
give to one and all the advantages
pertaining to foreign productions
not only building up our ferelgn
commerce, but taking measures TO
carry it in our own bottoms.
Difficult as this work appears,
and really is, it is susceptible of ac-
complishment by patient and in
telligent labor, and to no hands can
it be committed with as great as
surance of success as to those OF
the Republican party.
OUR MONETARY SYSTEM.
The Republican party is the in,
disputable another Of a financial
and monetary system which it is
safe to say has never been equaled
by that of any other nation.
Under ;he operation Of our syS-
tenn of finance the country was safe.
Il ly carried through an extended and
expensive war, with national
credit which has risen higher and
higher with each succeeding year,
until now the credit of the United
States is surpassed by that of no
other nation, while its securities,
at constantly increasing premium,
by investors in all parts of the
world.
Our system of currency is most
admirable in construction. While
all the conveniences Of bill circu-
lation attach to it, every dollar of
paper represents a dollar of the
worlds money standards, and as
long as the Just and wise policy of
the Republican party is continued,
there can be no impairment of the
national credit. Therefore, under
present laws relating thereto, it
will be impossible for any man to
lose a penny in the bonds or bills
of the United States or IN the bills
of the National Banks.
The advantage of having a bank
note in the house which will be as
good in the morning as it was the
night before, should be appreciated
by all.
The cOnvertibility ofthe currency
should be maintained intact, and
the establishment of an interna-
tional standard among all COM
mercial nations, fixing the relative
values of gold and silver coinage,
would be a measure of peculiar ad-
vantage.
INTER STATE FOREIGN COMMERCE,
AND FOREIGN RELATIONS.
The subjects embraced in the
resolutions respectively looking to
the promotion of our Interstate
and foreign commerce and to the
matter of our foreign relations are
fraught with the greatest impor-
tance to our people.
In respect to Interstate com.
merce, there is much to be desired
in the way of equitable rates and
facilities of transportation, that
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