The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1892-12-09


Uo,erameIt. ttC.
wssutScroS, Dec The president al MOOT
Tuesday communicated his annual message :,
Vonrtrss II contained over iAUn wordS POI
loving is 40 extended synopsis Of the enur'
document.
IN. tre.idcut refers 10 the favorable condi
tious affecting the commercial and Industrial
Interests o. TIC nited states aad gives stats
tics q wealth and progress, showing the anu
siou well a. the growth no prosperity Never
Ia The history ~ tho country has production IN
creased 80 rapidly as daring the PAST two years
commerce expanded - largely " the Ncli.bc
ing Of IN. massrs improved IN such markof
degree, A. the present demonstrates
The total ialuc 81 our foreign trade fsSport'
and manufactured during tho last fiscal ycai
was a. ~ itIi on ireTvasc.of 'i,- ~ ~ over
the prrviou. hscal yrar Tue average annual
value OF our imports aud exports OF mcrchan
disc Tor the ten nscal years prior TO 1871 va
81 81, A-1uig Itwiil - observed tina, our FOR
v'Fn trade Tor 10. exceeded this annual ayrr
hgc value BY tiin - 81 an Increase OF q ~ por
cent The Significance and 1aiue 90 this -
crease are known hy the fact tha' the erccs. In
tho trade Of isas over lSsi, Vas wholly In the
value ~ exports, for there Was a decrease IN
thr value of imports Of 'i3.hiasA
Tho value ~ or exports during the fiscal
year irs rractri the highest ngufc IN thc his
cory q thr government. amounting 20 10 90.
y5rle 'Ac,,liis b. ga, ~ So the exports ~
Ispi, ard - .,,.i.as the value OF thc Imports Of
ssrs sia'~t 4 con parIsuu - The valgc ~ our
bp"rfs f1T lac sin the arrual Hy,rsFc for the
tc' years prior ~ i~sl shows IN excess ~
tesi eloe.i. ~ ~ "a a. pr csu' The value -
oar impor - ucrch,nl sf for lsg. which VAS
ts,a er a.. asJ exceeded b" annual average
Naur - The ten years prior to isi ~ ,ia "a go
During Ihc fiscal year is'f3 The value Of Imports
IRE - dIty amounted 20 fts' 40 -. the largest
arrfrfatr ta thr history ~ our commerce The
value - pc imports Of merchandise entered
fr,s ~ duty in isg vas AA as f~r cent Of the
,etal salur Of imports, a. compared with a ~
rer rnt IN ls3i. and a a. per cent IN is9l
fnisrual aud eoAsiWis. uAnio has shown q
corresponding expansion
sESstss Indication o. shc general prosperity
81 The country IL iouad In the fact That the mum
ter Of depcsiiors IN savings banks increased
trum ~ GO In Isso 10 tss su IN lsao an IN.
crease - ~ I,r cent, ana tho amount ~ dc
posiis from "a pgsT.,sa IN isao 20 N iei siisd 10
i~o, an incrcase ~ ~ prr cent Ia is1 ,ho
amount Of deposits lea savings hanks VAS si go.
Fp7ie ~ IL estimated that " per cent Of these
deposits urprcsent the savinga 81 wage cArncr-
The bank clcaranccs Tor nine months ending
Septsmtcr Al 1871. amounted b. tti.oi9. -. ~
For She Same monihs IN 80; they amounted ~
tA - an .pu an excess for the nine months Of
sANsii .aia There never has been a time In
our history when work was 40 abundant or
when wages were as high. whether measured by
tho currency In which they are paid OF by their
power 10 supply tho nooes-aries and comforts
II life"
Conccrulns The republican policy Of pro,oe
ton be says
y believe that the protective system, witch
has nov Tor something more than thirty years
continuous prevailed In our leg station has
teen M rhty instrument Tor the Development
% our national weaiih and q most poscrful
agency IA protecting ihe homes 81 our working
men frum the Invasion ~ want | have felt a
most SOLICITORS interest 90 prrsrrNe q our
working people rates Of wages that would not
only give duuy bread hut supply comfortable
margin for these hotps attractions snd family
comforts and enloymcHis withou, which liic Is
Gcithtf hopcful nor sweet They are America
ritiFrns-a part 81 the great poop'o ior whom
our constitution and government were framed
and institutcd-and 10 can not be a poTVcr sion
% that constitution 10 30 legislatc a. 90 pre-
serve In their homes the comfort independence,
loyalty and scnse of Interest IA the government
which ar essential Ia good citizenship IN
peace and which will bring thi- stalwart
'hrung a. Ia 1891, 90 the dcfcns. " the nae
~hcu Il j. assailed- II Il not NV purpose 20 re-
new here tho argument IN favor OF protective
tarir The result 81 tho recent election must ~
accepted as having introduced a new policy,
We must assume that the present tarin. con.
repealed. and that there f. 20 be substituted for
II q iari1 law constructed solely with reference
90 rCNcnuc, that no duty IL 60 bc higher b..
cause ihr Increase viii keep oren an American
mill ~ keep NJ The wages ~ an American work
man, but In every case such n rate 81 duty il Ia
to imposed as will bring the treasury Of the
United States the largest returns Of revenue
Tho contention has not been between schedules,
but between principles, and u would be offcn.
sivc 90 suggest that the prevailing party Will
not carry into legislation the principles al.
vocpicd by IL and the pledges given 20
the People The tarin bills passed by the
house Of Representatives az the last session
were ~ {. supposed, even IN the opinion Of their
promoters. inadequate and Justified only by
the fact that the senate and house OF repre-
sentatiycs we're not In accord and that gen
rrnl revision could not therefore, he under
taken I recommend that the whole subject "
tariff revision be- left TO the incoming congress
u l. matter OF Icgret that this work must he
delayed for at Yeast three months, for the
threat 81 great tarir changes introduces So
much uncertainty that an amount not easily
estimated of business inaciion and Of dimin
ishod production will necessarily result IL n
pos. Ole. also. that this uncertainty may result
in dee rcased revenues from customs duties for
our merchants viii make cautious orders for
foreign goods In view Of the prospect OF tarin
reductions and the uncertainty as to when u
will take eject
Those who have advocated o protective
tarir can well afford 10 have their disastrous
forecasts Of o change Of policy disappointed.
II "A system of customs duties can he framed
that viii set the idle wheels and looms of Eu'
r.Dpc In motion and crowd our warehouses with
foreign made goods, and ~ the same time keep
our own mills busy that will give us an in
creased participation In the markets oi the
world, OF q greater value than the home market
that We surrender that will give in
i oh fffu upr mo
products TO be consumed by our people
without diminishing the amount OF work
10 he done here; that will enable the
American manufacturer 10 pay To his workmen
from nfty to one hundred per cent more In
wage than g. paid In the foreign mill, and Yet
TO c, mpetc In our market and IN foreign mar
kets with the fofo gn producer, that viii fur
Their reduce the cost of articles Of wear and food
without reducing the wages Of those who pro
ducs hem. that can be celebrated, after It's ef-
fects 1nye been realized, aS It's expectation has
been In European a. wei rs In American cities,
the nui hors aud promoters Of n VIII be entitled
20 IN, highest praise, We haye lad In our his
tory several experiences Of the contrusled e.
fecis Il nuo and u protective tarir b
this cncration has not felt them, ana g ex-
perItncc Of one generation is not highly in.
struti live to the next. The friends Of the pro
teetl,c system, Win undmnishod confidence
la tlc principles hey have advocated wih
awatn result of The new experiment
Referring tu NJ ryp1r OF the head- ~ the
,cNrtaI,N cat So u,ptr'W uts submit 81 With
the IA ,,,., me pr',.d' 900 hoics Ne iJct That