The Portland daily press., 1891-10-23
COMMON SENSE
rooNrrNurp FROM FIRST rAar.l

$4,000, 900 In bounties upon the sugar pro-
duced this year, thus showing net saving
to the people of $50.000,000, caused almost
wholly by the admission of sugar free of du-
ty. This is worth nearly 81 each to
every man, woman and child in the
country. Do the people OF Ohio propose
to render verdict against policy that does
not cause an increase in the price OF manu-
featured articles, and does save Ohioans In
their family expenses more than $3,000,000?
Do they intend to reject policy. that caused
to large extent the creation and Sustenance
of the marvellous growth Of this city, as well
as other cities and towns throughout the
country? Is there man of any party here
who believes that your manufacturing inter-
ests could be sustained single menth under
policy of free trade?
The attitude Of the Democrats In this con-
test is wholly un-American and unpatrlotic.
They seem to be delighted with the notion
that tin plate cannot be produced In this
country. One cannot resist the conclusion
that Governor Campbell and his friends
would be greatly pleased II our people
should fail to successfully produce it: They
seem to be as fully disposed to faisify the
facts about this industry as they were last
year to indulge In false assertions with re-
gard to the advance In prices. They seem to
be thoroughly in accord with England and
other countries in their denunclation Of the
Mckinley law. might ask right here: II
the tariff Is tax and the consumer pays 1t,
why does all Europe denOunce the Mckinley
law? Under the influence OF this law Amer
lean resources will find increased develop
ment. New enterprises have already been
established, and the good work in this re-
spect will continue. The first five years of
its existence will show an increase OF more
than 800. 900 paid in wages to our peo-
pie, with corresponding home market for
the produce OF our farmers.
CONDITION OF THE TREASURY.
Much is being said by our critics on the
subject of the condition Of the Treasury.
have been condoled with over the difficult
task assigned me-that 1t was impossible for
the Treasury to meet its obligations without
resorting to unusual methods. We had $780,
600. 900 to pay for pensions in the month Of
June. These critics insisted that the Treas
ury would not be able to pay them. They
were mistaken; the payments were made
without any inconvenience whatever.
When we proposed to extend about $751;
600, 900 of the At per cent bonds (Which we
had the right to pay on the 1st of Septem-
ber), 1t was charged that the Treasury had
not the money to pay them. [ assured the
country that the Treasury could pay them,
but as matter Of precaution. and to keep
the Treasury in easy condition, l preferred
to have them extended, If 1t could be done at
2 per cent interest, reserving to the govern
ment the option Of payment at its pleasure.
The result was that something over S25. OOc.-
Oc0 were extended, and more than $40, OOo, 900
have been paid.
The remaining $5.O0O,0OO will be paid upon
presentation. By this operation we have IL
Illustrated that this country enjoys the high
vented the withdrawal of 1928 900 of nat
ional bank notes; in fact, added net of
nearly $5,000,000 of these notes to the curren
cy We have taken, and will take $25, OO0,-
600 of money out Of the Treasury to pay the
non-extended bonds, which. added to about
1000, 600 paid out for bonds by my prede-
cessor, Mr.. Window, makes the enormous
total OF about $3.50, 900, 900 in cash paid out of
the Treasury since the administration of
President Harrison began. With this mon
celled over S259. 100000 of the bonded
debt, and, notwithstanding all this, we still
have sufficient sum to disarm all fear of an
empty Treasury. 1t has been falsely charged
that the secretary has instructed his subord-
mates to delay settlements, and in every con-
ceivable manner to avoid payment of money
out OF the Treasury, so anxious are they to
convince the country of the extravaganza of
the "Billion-Dollar Congress-" In answer
to this, have to say that no such order has
been given, and my sub0rdinates will so tes-
tify. By attention to the needs of the coun-
try, we have also been able to furnish the
West and South with small bills at cheap
rates to the full extent of their wants, and In
quantity perhaps double the amount ever be-
fore sent.
The Democrats, when they came into con-
troll, established most unique system of
bookkeeping, by which the treasury was
cuUWn w pUobooS u uucU 1855 sum Oh money
than it had. For instance, there were two
days In june on which this Democratic book
keeping (Which then had not been changed)
made the treasury show a deficit, when In
fact it had more than 100000 within its
control. This method of bookkeeping was
changed to a system that is perfectly fair
and Ineligible, but these critics charge me
with the Juggling Of figures. Here, as In the
case OF tin plate, 1t seems as If our Demo-
cratic friends will only be pleased with
ness and virtual bankruptcy. II the Demo-
Gratis can convince the people that they are
on the verge of bankruptcy; that new in
dustries, like tin plate, can not be made
success In this country, and that the treasu-
~ Is bankrupt. they would be in heaven Of
delight.
grss hs f se doctrine rh 81 ooe and
not of calamity and despair. 1t knows that
American genius can successfully utilize the
resources of the country SO as to produce tin
plate or any other article that can be pre-
duced anywhere else. 1t does not delight
deriding the capabilities of our people. or
classifying the facts in regard to the financial
condition of the Treasury.
DEPRESSION IN FARMING.
Governor Campbell seems 20 be distressed
over the condition of the farmer. As you
know, my business was one of very close re-
lati0n to the farmer. l have witnessed the
transitions from prosperity to depression
and from depression to prosperity several
times during my career. have bought
your produce in the days of Democratic
than 80 cents per bushel, corn for 20 and oats
Tor 10; hogs for per pound dressed; butter
for 6, and eggs for 8 per dozen. At the same
time sold you cotton shirtings at 90 calico
at 10 to 20, sugar at 10, salt at So to SO per
barrel. How on earth you survived is a mys-
terry. Not one farmer in 30 but what was in
debt. and, If pressed for payment, bankrupt
cy In most cases was sure to follow.
Under the stimulus OF protection and the
lands largely increased in price. and most Of
you found yourselves free from debt. This
was followed by marvellous immigration TO
the West, where today more than one-half of
our cereals and livestock is produced. The
roads bring these Western pro-
ducts. raised on cheap lands. in close
competition with the farmers in Ohio upon
their high priced lands. The result has
been depression in the price of Ohio farm
lands But to say that the farmers of Ohio
are poverty stricken, mortgage-ridden,d debt
suffering people is SANDER which they will
resent, If do not mistake their spirit. But,
largely settled. The steady growth of your
home market and the impulse to be given to
1t by Increased demand for home labor and
the foreign markets opened to you by the
McAtnley law Will cnange tneSe conditions.
You already feel its reviVifying effects; If
am not mistaken, we are already on the up
ward turn. Prices have already sensibly
improved, and an era of prosperity and adj
vanciDg prices for farm lands Is already as
sured.
This country owes debt of gratitude to
the leadership of the Republican party for
the intelligence 1t had to frame so good law
and for the sturdy courage required to so
conduct parliamentary proceedings as to
achieve its enactment.
The leader In this great contest is now the
Republican candidate for governor, and /
doubt not will be the governor of Ohio in