The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1891-08-05
EDITORIAL NOTES.

1--WE have had thirty years of protection" said
Mckinley III his address al Sandusky. ave
DON'T want TO borrow any money now. The Sec
Rotary OF the Treasury in 1S5960 after fourteen
years of revenue tariff policy, sent message to
Congress and asked Congress TO invite the States
to indOrse the bonds of The Federal Government
that they might be more readily sold in the mar
ket. The United States doesn't have TO have an
iBdorser now-It does not have TO get the States
to go Its bail. 1t can borrow all the money 1t
wants on single name, and that name
Is the United States OF America after
thlIty years of protective tariff. And I'M
der the revenue tariff policy. when we
had 10 borrow, our credit was so bad
and our bonds were so understandable that the
Government stood discount Of IL cents on
every dollar. How is il now? The Government
does not pay any discount. Iflt wants Its bonds
TO pay OF 1t has got to pay premium to get
them in. That's after thirty years of protective
tariff. 1t is unmatched and matches in the
economic history OF the world"
Congressman Walker OF Worcester, Mass,
who is a staunch supporter of the Admnistra-
toms silver policy, tsisely summed up the
coinage issue IN an address delivered at Sara
tOga. The great creditor class he declares, are
tie wage workers, men with hXed incomes and
small farmers. When the currency is depre-
ciated the first things 10 60 up in price are the
very last thing 10 60 up is the daily pay of the
wage-worker. Whether free coinage OF silver Is
granted or refused Will not materially Increase
or diminish the volume of money in this country,
as The laws OF coinage now are. Ii Is purely a
question OF reducing the standard OF value.
Never since the world began" said the Con-
gresham, would days labor on the farm or
in The factory OF shop buy so many comforts or
luXuGies today; and in no country in the
world to-day Will an average days labor buy
thIee.quarters many comforts luxunes as
in this country. Shall We now deliberately set
The hands on the dial of progress back quarter
OF centuryW
Friends of the new navy fear that at the next
session Of Congress the reactiOnary element will
be 50 strong that efforts 10 continue The work OF
naval development will be steadily resisted.
The New York Press declares that " The people,
however, eau make their wishes felt In the mat
ter. The leaders of The majority IN the House
Will uoi dare to Siilie the naval appropriations,
II the national demand in their behalf is strongly
expressed. The necessities of The country call
for annual naval appropriations which shall not
be extIayagant, but which Will suffice 10 steadily
continue the work of construction"
The DreibuUd as well as Great Britain would
look with dsfavor on any plan guaranteeing
freedom Of passage through the Dardanelles for
the Russian and French fleets, which would
diplomatist, puts it, 'to combine for the purpose
OF enforcing respect for the liberty OF the high
seas" The allied powers would like to keep
large proportion Of Russla's feet shut up In the
Black Sea as at present, where it is unable to
make its influence felt.
chimerical scheme for The elevation of the
colored race, preached at recent gathering
held at Atlanta, advocates the election of Con-
gressmeu who will SO amend the Constitution as
TO make 1t the duty of The United States to buy
two of the sister States aud give them to the
negro, who shall govern them and do all The
voting negroes continuing to live in other States
and whites who insisted on residing in the States
exclusively set apart for the colored race being
DISTINGUISHED.
Industrial development In the South Is lead
ing to a change Of sentiment so far as the tariff
is concerned. At the recent convention at Ashe-
Vllle North Carolina, 500 friends of the protec-
tive tariff TOOK an active part in the delbera-
lions. The men who prominently identified
with the movement express their determination
to organize a tariff league in ievery township OF
North Carolina and to give the people plenty OF
protective tarin literature to read.