Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1888-09-10

ventures, rev investments in business and
manufacture, the construction of new and
important works and the enlargement
oil enterprise already established de.
pends largely upon obtaining money
upon easy terms and fair securitv.
ana all these things are stimulated
oy an abundant volume of circulating me-
eiuia. Even the harvested grain OF the
farmer remains without a market. unless
the money is forthcoming for its movement
and transportation 10 the sesboard. Among
the results OF a scarcity of money among
the people is exac;ion of severe terms for
lis use increasing distrust and timidity.
and is followed by a refusal to make ad-
Vances on any terms. Investors refnsa all
risks n decline all securities and
in the general fright The money is
still in the hands of the neonIe
or persistentlv boarded. 1t is quite anna
parent that when this perfectly natural if
not invisible, stage is reached, depression
Ill all business and enterprises will, as a
necessary consequence, lessen the oppor-
tunlty Tor work and employment and re-
uuce salaries and the wages Of labor. In.
Stead' then, OF being exempt from the in
huence and effect of an immense surplus
lying idle in the National Treasury
our wage-earners and others who rely upon
their labor for support are, most
OF all, directly concerned in the situa-
uon. others, seeing the appearance
OF danger, may provide against
1t, but 1t will find those depending upon
their daily toll for bread u~nprepared. help-
less and defenseless. Such a state of affairs
does not present a case of idieness result.
ing from disputes between the laborinp
man and his employer, but it produces an
absolute M forced stoppage of employ
ment and wages.
In reviewing the bad effects of this &C.
cumulated surplus and the scale of tariff
rates by which 1t is produced, we must not
overlook the tendency toward gross and
~scandalous public extravagapce which
a congested Treasury induces. nor he
iact That we are maintaining, without
excuse, IN a time of profound peace. sinh
stantlaily the rate of tariff duties imposed in
umeoi war, when the necessities ofthe Gov
justified the imposition of weight
Ter duties upon the people. Divers plans
nave been suggested for the return of this
accumulated surplus to the people
and the channels oil trade. Some
OF these devices are at variance
with rules of good finances. SONS
are deiusive. Some are absurd. and some
petray by their reckless extravaganza the
oemorallzing influence of the great surplus
OF puoilc money upon the Judgment of
While such efforts should be
maze as are consistent with public duty
ano sanctioned by sound judgment, to avoid
by a useful disposition of the sur
plus now remaining in the Treasury II is
evident that if its distribution were accom-
plished another accumulation would take
us place II the constant flow of our reduu-
liant income was not checked at its source
oy reform OF our present tariff laws.
we 40 not propose to deal with these con- |
iiaons py merely attempting to satisfy the
p,eopie OF the truth of abstract theories nor
by their assent to a political doctrine. |
present them the proposition that thew
are unJlstly treated in the extent of the |
present Federal taxation that as a resnlt |
! conoltion OF extreme danger exists. and
.natlt Is Tor them to demand a remedy |
ma mat defense and safety is promised in
. " guarantee OF their free Government. |
" ueiieVe maj the same means which are !
luopted 70 relieve the Treasury of its pres
4. surplus, and prevent its recurrence.
hould cheaper to our people the cost ~
IMPLYING their daily wants. Both of these
,,nJects We seek in part to gain bv reducing
# life. ~ IL neoessi'ieS
we lutly appreciate the Importance TO
country of cur domestic industrial en-.
IN The rectiication of existing
,rongs; Ihelr maintenance and p~rosperit
mould be carefully and in a friendly shirt
Even such reliance nnon
resent revenue arrangements as have been
invited or encouraged should be fairly and
lstly regarded. Abrupt and radical
which might endanger such en-
erprlses ana lnJuriously affect the in
rests OF labor dependent upon their
lccess ana continuance, are not con-
smpla'ed nor intended, but we know
cost OF our domestic manufact-
req products is increased and their
rices to the consumer enhanced bv The
uty imposed upon the raw material used
thelr manufacture. We know that this
icreased cost prevents the sale of orr nro-
ucuons IN foreign markets in competing
y nose countries which have the adj.
au'aee OF Tree raw material. We know
iat conhned to the home market our man.
acquiring operations are curtailed. their
emahd ior labor irregular and the rate of
ages paid uncertain. We propose there
TO stimulate our domestic industrial,
iterprlses by freeing them from the dutv
! imported raw materials which, by the
OF labor, are used in our home
anulactures, thus extending the markets
I tneir sale and permitting an increased I
PlVuuCtlOn with allowances of
,undant profits. !
true to the undertaking course of the ]
party, we will not neglect the ]
terests OF labor and the w%orkinemen in 4
Efforts to remedy existing evils. and will A
rnlsh no excuse for the loss of employ. 8
gnt or reduction OF the wages of honest
-. On Inc contrary, we propose, in any ]
Justnent OF our revenue laws. to concede
.ci encouragement n advantage to the {
upioyes or domestic labor as NAV early [
mpensate for any difference that NAV ex.
between the standard of wages which
ouid be paid to our laboring man and the :,
te allowed IN other countries. We nro- l
oy extending the markets for orr
anulactures, to promote the steady en-
oyment OF labor, while by cheapeainq U
{ COST OF the necessaries of life we in.
7ase Tue purchasing power of the work
nan $ wages and add to the comforts of v
; nome. And, before passing from his
ase OF the question, l am constrained 10
press the opinion that, while the inter. =
s OF labor are sedulously regarded in .
y notifications of our tariff laws Z
aiional and more direct efficiency
the protection of these interests wouId
ahoried by the restriction and prohibit
u OF immigration or the Importation of
'orers from other countries who swarm
oh our shores, having no purpose or in r.
u OF becoming II fellow-citizen or ac- 4
any permanent interest in orr 1
intry, but who crowd over the field of
yioyment at wages which ought not To
lsfy those who make a claim to Ameri.
citizenship. p
he platform adopted by the late Ma r
lai convention of u party contains the
owing declaration Judged by Demo
tic principles, the interests of the peonIe
betrayed when, by unnecessary taxation
SITS and combinations are permitted and a
which, while unduly enriching the =
that combine to rob the body of our
zens by depriving them as purchasers of
benefits of natural competition Such TN
1binatiops have always been con- OF
1ned by the Democratic party. The
lartion of its National Convention ia m
,erely made, and no member OF the VI
ty will be found excusing the existance
the pernicious results of those
ices to wrong the people under various t.
nes. They have been furnished bv r.
lmon law for hundreds of wears. and pr
7 have lost non of their features be-
Sc they have assumed the nam of -
lists instead of conspiracies. We believe
these trusts are the natural offspring
market artifcially restricted: that a6
'dlnarily high tariff, beside furnishing a
ptatlon for their existence, enlarges the -.
It within which they may operate ~