Press and daily Dakotaian. (Yankton, Dakota Territory [S.D.]) 1880-1889, 1888-09-15
HARRISON AND PROTECTION.

He Endorses and Adopts the Express
sions of the Nominating Conven-
ton.
Chicago Inter Ocean: The gentle
men who framed the protective plank of
the national republican convention built
with rare skill. The republicans of
Maine, Indiana. New York, Illinois, one
and all, "make the platform OF the Chi
cago convention" the formula Of the
faith of their state conventions concern
ing the tasiF The Ohbden clubs Obi
csgo Tribune alone, of profesaedly re-
publican journals. condemned it, and
and even went SO far as TO hint that it
would be found that the nominee of the
convention would reject ats platform.
The nominee has spoken TO the nation
through his letter of acceptance:
III is matter of congratulation that
the declarations of the Chicago conven-
tion upon the questions that now attract
the Interest of our people are so clesr
and emphatic. There is further cause
of congratalation in the faot that the
convention utterances OF the democratic
party, il in any degree uncertain or con-
Trajectory, can now be judged and in
teTpreted by executive acts and messages,
and by definite propositions in iegisla.
ton. This la especially true OF what ie
populsrly known as the tariff question" !"
The campaign will be waged by Gen
eral Harrison on the lines marked ont
by the committee ON resolutions.
Without going into detail as to ex-
penditure and revenue. General Harri-
son treats OF the surplus as an easily
redocibIe quantity. Be its volume what
1t may--$20, 100000 as is proven, or
$4,000, ZOO or $3.50 900 900 as is assert.
edit is far less than the volume OF
outstanding and interes. bearing debt.
In q very short time, ss time goes in
public account, more than 5000 900, ,OGC
of that debt will be maturea, and there
is poor prospect Of surplus being on
hand after the liquidation of the moiety
first maturing. 1t will be well if we
are prepared to pay in.full and have q
little balance left. "The surplus in the
treasury should be used in the purchase
of bonds" says Mr.. Harrison. The frs,
use to which prudent men put credit
balances is to reduction of debt. Nearly
two and quarter millions of bonds
| bearing four and half per cent interest
mature in less than three years from
date. There is little doubt that the
| secretary OF the treasury could purchase
many OF them upon terms advantaeeout
to the nation. The best national. as the
best private, financial policy goes to the
redemption OF interest bearing debt.
In q maxim which Bacon himself eoul6
not have made more terse, "Those who ad
Vance it ere students OF maxims ant
not OF markets." Mr.. Harrison disposet
OF the free trade theory which teaches
that the consumer pays the tariff duty
Where things are dear, which is to ssy
where the price asked exceeds or reaches
close to the limit Of the PURCHASING
power of those who need them, sales are
few, where things are cheap, which is tc
say where the price asked is easily with
in the purchasing power OF those wht
need them, sales are numerous. II i
the most undeniabIe OF all truths tha
the American people bny more food
more clothing, more furniture NOR,
books, more of ell that makes life worti
Lying for than the people OF any oths
country, person for person. This exoes
OF American purchases over those of al
other nations could not exist IL thlngl
were not cheaper, which is TO say NOR
easily within the reach OF the people
here then elsewhere. Low prices do no
OF themselves make oheapness. Th,
true measure OF oheapness is, fixed b,
power OF purchase. General Harrison
4 lette, will be rend by tens OF shousana
Of people who remember q time awhel
! the prices Of manufactured samples 1es
higher titan nov. while the power to pu,