Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1885-10-02
HARD TINES.

ute. We have not time 70 eX-
anime them all, bat | think | eau
point out to you one leading cause
for which the Democracy is re
sponsible. Every Democratic speak
er have heard or read after foI
years, from Vice President Hen
bricks down, has denounced the
Republican party as responsible f0I
the large surplus in the United
States Treasury. They have call
ed this accumulation boarding
they have clamOred for its release
they have attributed the hard times
in "A great measure, to its presence
Now what have the Democrats
done towards relieving this pleth
ora since they came into power
On March LIST, when the Repub-
lican party went out of power, the
balance in the United States Treas
ury was SlSl,47f,I74. The bal
ance September lstis $500 1929.
This shows an increase OF nearly
3S,O00,000 in five months. The re-
port of tie Secretary of the Treas
ury shows that Of this Sl02, 000, 900
the sum Of S123,SS5, 400 is avail
able for the reduction of the public
debt, and that after deducting all
amounts needed for reserves, there
is Il net cash balance on hand of
500, 10000 At the same time we
have outstanding 5000, 900 of 3
per cent ponds, issued under the
act of July 10Th, 1882, redeemable
at the option of the United States.
The Democratic party might
have relieved the overloaded Treas
ury by voting the S77,000,000 re-
CURED for the Blair Education
bill. 1t was too virtuous and con-
stitutional to unlock that amount.
But when the cry of that party is
so loud for a distribution Of this
accumulation, pray to know why
it does not call in the $500, 900
per cent. loan and force that
much money at least to seek invest
ment. Nobody familiar with Re
publican management Of National
finances doubts that if they were
in control they would devote
enough Of the money in the Treas
ury to the redemption Of the 3 per
cent. loan to relieve the surplus
and force the money into trade in.
vestments. But the Democrats
have no idea of such a policy.
! charge that the bondholders
and Free. Traders are IN collision
to prevent the return ofthis money
into circulation, and that they con-
troll the administration. 1t suits
the bOndholders that their bonds
should not be called. Their money
is safely invested in bonds, rising
in value, while the scarcity of
money makes other values 90 low
er and lower for the time when
they will buy. 1t suits the Free
Traders to make an apparently
increasing surplus and gain a pre-
text for reducing the tariff on the
ground that We have more reve-
nue., under the existing tariff, than
we can dispose of. The result is,
that by this unhealthy combination
of interests opposed to real pros.
perity, the currency is locked up
in the Treasury, business is par
alyzed and Frustrated, and we are
actually paying $G,OOO,OOO year
in interest upon the money in the
Treasury.
Pursuant to the scheme of this
coniederacy, we are advised that
Hon. Abram S. Hewitt is now pre-
pairing bill which will reconcile
all dIsagreements Of Democrats on
the tariff, and which, while it will
prevent this apparent surplus OF
revenue, Will work no injury to
protected industries.
A SCHEME FATAL TO VIRGINIA.
FellOwcitizens, | watched care
fully the scheme Of this Hewitt
bill,and the articles it Will exempt,
and | solemnly warn you that II Is
iraught with more danger and loss
to you than all the tarld reduction
propositions yet advanced. The
captivating idea it presents is that
while it will tax manufactured ar
ticles as now. it will admit
RAW MATERIALS
free. Mr.. Hewitt has long cherish.
ed this idea and has defined what
his ideas are as to what are raw
materials. Raw materials or ma.
terials in a state of nature do not
exist in articles of trade. What
materials handled in trade are in
state of nature? Absolutely none.
Coal to be handled at all in trade
must have been mined by labor.
Lumber to be handled at ali in
trade must have been gotten out
by labor. Salt to be understandable
at all in trade must have been boil
ed or made. Sumac to be handled at
all in trade must have been gather
ed by labor. Grain and cereals to
be handled at all must have been
cultivated and saved by labor.
What one OF these or a thousand
other articles, of sO.called raw ma
terial can be truly described as in
a state OF nature?
Yet, gentlemen, the scheme Of
Mr.. Hewitt, which is now proclaim
ed as the coming scheme of Democ'
racy, on which all discOrds will be
quelled, embraces all these articles
on the free list, if he has not chang
ed his plans.
If these things are exempted,
what will Nirglnlans have left that
is protected? You do not manu-.
facture silks, or satins, or cloths,
or glassware, or the higher or more
perfected grades Of manufactures.
All your industries are in depart
ments neglected by Hewitts care.
All your products are such as will
come under his designation Of raw
What arc your leading
products?
CoaI.-That will become drug
in the market when the democratic !
bill admitting raw materials be- /
comes law. Vessels at Newport /
News and Norfolk will load with |
Novia Scotia Goals, admitted free
rs raw materials and sold cheaper |
than you can mine them. Farewell,
IL. A. kf.Il,tI.., fo,.u..1l "a