The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1885-09-10

An increase in expenditures of $12, 033.-
0O6.20, with decrease, as shown above,
Of nearly 81 900 900, in receipts, or total
difference of $19,O0O,OOO in five months.
In the same proportion, at the end of a
year, the receipts would be SIG, 800, GOO less
than in the preceding twelve months,
whilst the expenditures would be $50, 000,-
900 greater, thus making total difference
of SAG, 000, 000-wiping out the surplus and
leaving deficiency of $6,000,0O0.
But that is not all. The decrease in the
public debt for the five months, ending
July 31st, 1884, was $37 ,444, 1850; while
for the same period of 1885, the decrease,
or rather seeming decrease, was only $780,
147 .0S0.5l, "a falling behind in the reduc-
ton of the debt by the Democratic man.
agement of $11, 1897 ,105.79, in five short
! months. But even this claim to reduc-
ton of $26, 600, 900 in the debt during the
five months must be heavily discounted.
There can be no actual reduction of the
debt unless the bonds issued by the gov
eminent are called in and redeemed. On
OF the Treasurer showed that the entire
bonded debt of the Government was
81, 266, 1885, .26. Secretary Manning's
debt statement of August 1st, shows the
total bonded debt to have been 81, 1854, $780,
597.26-or an actual reduction of just
| ST 1885,, 1850, under the Democratic admins
| tratlon, against a reduction for CORE
spending period of $751;, 444, 1860 under
Republican management. In both of the
above debt statements the interest and
non-interest bearing bonds, as well as the
Pacific railroad bonds, are included.
Not con tent, however, with this show
ing, the Democratic party is preparing, in
the next Congress, to still further exhibit
its stupidity and utter incapacity to un-
derstand the needs of the Nation, and in
diligently deal with them. In reply to a
circular issued by him, Secretary Man
ming has received letters from leading
chinery, silk and paper, &C., in which they
declare that they cannot, under the exist
ing condition of trade, and the short
profits realized. submit to a reduction of
duties without absolutely inviting business
ruin. These replies have been SO uni
formly opposed to any tariff reduction, or
even agitation, that they will doubtless
have their influence. They represent the
views of organized trade, and in the face
of such compact and formidable opposition
Democratic cowardice will shrink back,
and turn its batteries upon those less pre-
pared to meet the assault. The farmers,
the stockraisers, and the producers of what
is falsely termed raw material are the
intended victims. They lack organiza-
tion they have no one to speak for them !;
none to stand up in defense Of their rights
and interests, and though powerful in the
aggregate they lack the cohesiveness to
make that power felt, and by division are
so weakened that they invite the assaults
of those who dare not strike in other d.
rections. AS an evidence that this is to
be the programme, we reproduce the fol-
lowing extract from the Democratic reve-
nue-reform Baltimore San. 1t but re-.
out from Washington in all directions,
and which it is conceded are based upon
the settled purpose of the Democratic
party. Already it is admitted that Car
Isle, the freetrader, will be reelected
speaker without opposition from his party
associates, and this is to be followed by a
determined onslaught on so-called raw
materials In its issue of Sept. End, the
sam S Washington correspondent says:
It is pretty generally understood that
another attempt will be made at the next
session of Congress to bring about certain
reforms in the tariff. Many of the fol-
lowers of ex-Speaker Carlisle and Repre-
sentative Hewitt are in favor of free
raw material bill, and it is said that these
two gentlemen might agree on such a
proposition. Of course a strong fight
would be made in opposition to such
measure by protectionists like Senators
Sherman and Morrill,. who claim that raw
material produced in this country is as
much entitled to protection on account of
the labor involved as manufactured artl-
cles Eastern manufacturers, on the other
hand, take the ground, in their replies to
Secretary Manning's recent letter calling
for information on the tariff question, that
if the duty on wool, pig-iron, dyestuffs and
other raw materials used by themin their
manufactures were taken off they could
compete successfully with European wares
without reducing wages, and the stimulus
thus given to business would result in as
good prices for wool, pig-iron, etc, pro-
duced here as though protected by the
tariff. A prominent treasury official, who
recently visited New York, says he had
occasion to call upon Representative Hew-
at work on tariff bill, which he says he
will lay before Congress at the earliest OPP
portunity The biIlreferred to is said to
contain Mr.. Hewitt's well-known views on
free raw material.
Mark you, the Democratic party has al