The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-10-19

positively on the effects OF the present tariff.
They deny that there has been any increase OF
prosperity under it, declare that wages have
been reduced, and denounce our policy saying
with a sneer it fosters no industry so much as
that of the sheriff. IT has been a fortunate cir
cumstance for an impartial public, which de-
sires, above all to ascertain the exact facts con.
corning snch an assertion that an the regular
course of their official duties a number OF Demo
cratic officers have since been required 10 report
the statistics In their several departments bear
ing upon this subject Sucn reports have been
made successfully by the Commissioner OF Labor
Statistics. the Bank Commissioner and the
Board OF Equalization OF the State OF New
York, by the chairman of the savings bank
commission and the Chief of the Bureau OF
Labor Statistics OF Massachusetts,; by the Com
missioner of the Bureau of statistics OF New Jer-
sey and by Others. All these reports tend 20
show en- increase during the year 1891 under the
present tarln In wages, IN the value or products,
IN the deposits in savings hanks or in building
and loan associations, and in the value OF real
and personal property as fixed Tor purposes, nos
OF speculation. but of taxation. In the State or
New York alone these Democratic reports, all
presented since the adoption OF the Democratic
platform. show tie following results:
Net increase OF wages. ..-....-.. Sc, 377.9 .925.09
Net increase or production. 31.3l5, l3O.oS
increase OF savings bank deposits. 13, ,44s.27
Net sum invested during the year
In building and loan associa-
Increase in the valuation of the
real and personal property OF
These official Democratic refutations of the
Democratic denial that the country is prosper
Gus are confirmed by the personal experience
and observation OF the people at large They
know that their own regions are not suffering
from general caiamities. and in their communf-
ties other industries are more prosperous than
that OF the sheriff and they may be left to form
their own opinions OF the degree Of trust and
power they should now give 10 a party thua
eager TO calumniate the country.
The market OF the United States is the largest
and best in the world, because our people, in
proportion TO their means and numbers. are the
largest purchasers. The reciprocity policy so
far adopted by the Republican party simply pro-
vides that where We now take of duties, and
give foreign products free access 10 this market,
we shall stpulate for corresponding advantages
to our products in their markets. How an intel
ligent and candid American can object TO this ID
has formally denounced it as sham.
At the close OF the fiscal year.
june last. it had been in operation but a few
Ing the opening OF new lines OF trade In foreign
countries Yet even then It had increased our
been applied nearly one-fourth. The exact In
crease was 23.7S per cent. Since then there has
been still greater increase amounting on
the official statistics are yet available.
to to 276 - Per cent: :. The ne total ,,as values n,ss
which We have reciprocity treaties since these
amount to S1o4,4O6,5 SIG. The total values OF
our domestic exports TO the same countries for
the corresponding period of the year before
these reciprocity treaties amounted 70 $sl .S37.-
2S2. The net value OF the sham reciprocity,
therefore, to tho United States I'm the brief time,
and during its infancy. was $22, ,569, ,2s4.
1t is obvious that the new trade thus opened.
particularly with our neighbors in Central and
ing development This trade lies at doors.
and is with people naturally inclined TO friendly
commercial relations with us through kindred
interests and political aspirations. lt involves
largely the exchange OF products peculiar 10
each country and needed by the other; IL opens
new markets for our cereals and vast fields for
the use of our machinery and manufactures.
and IL must naturally bring with It also
an annual increase OF miscellaneous
the articles directly affected by the treaties. In
short, it reclaims American business which
would belong TO us. but has heretofore crossed
the Atlantic and brings il to our ports. To aban-
don this system, which is absolutely equitable
on both sides. which costs us nothing and which
brings such results. would oe madness, while TO
denounce il as sham is as unpatriotic as ii is
untruthful. Ii Is for the people who are so gen.
Its promise of the future 70 decide whether they
should now intrust the care OF II 10 the party
which threatens the one and destroys the other.
THE CURRENCY ISSUE.
On the subject OF the currency the issue be-
tween the Republican party and its opponents
is almost as sharply defined as on the tariff We
demand that every dollar, paper, silver or gold.
shall be made and kept as good as any other dol.
lar Our opponents. while processing the same
ueslTcs ueiuduu tudt tuo udtlOud pank currency
shall be broken down by the repeal OF the 10
percent tax on the issues Of State banks. The
lamented Garfield proudly claimed, in 1850,
that our paper currency Is now as national
coin. The proposal OF our opponents is to
sectlonaiize IL again, and thus return 10 the
state bank system, under which 1t was rarely
equal 10 coin. was often at ruinous discount,
aud often worthless No human being ever lost
a dollar or a cent by the note OF national bank.
solvent or otherwise. The losses by State-bank
notes have been counted by OF mllliOn6.
have touched all classes and reached every cor.
ner OF the country. Ii Is true that the
require some change in the securities de-
manded as a guarantee for the national bank
Il Mnen Ihe S ye,d ao1 ana
TO meet that emergency when IL arises. and the
one party that assuredly could not be relied
formally proposed as its remedy for the difii.
oulty return 10 the semi barbar0us condition OF
the Heterogeneous staie-bank issues before the
war.
There is good reason to hope for some prao
tical union of effort for common solution OF
silver, through the renewed international silyeI
conference, which the wise policy of the present
administration has secured from the leading
commercial nations of the world. But
in any event the country. has learned
in all such questions to trust the
financial skill and integrity OF the Re.
opponents. The Repubiican party, in raisin 3
the funds for prosecuting the war Tor tho Union,
i'll CeNisInS Tic lldilOLal plLhiDE Ill fc-
sari:ng specie payments, In providing the great
| sums for giving just pensions 10 the soldiers and
| in its whole policy ior the last thirty years.
has shown the greatest financial
ability and achieved the greatest
financial successes attained during the
century in any part of the world, and has, there
| fore, right 10 claim the popular confidence
now. The Democratic party has opposed IL in
whole or in part at every one OF these successful
steps, and has encouraged In turn every financial
heresy for the same period, for fiat money and
payment OF the bonds in greenbacks, to substitu-
/ ton or state for national banks, and II has no
right to claim the popular confidence now ON
! this subject.
!, It is a statement which no candid competent
| business authority, whatever his political ten.
| dencies, can deny, that the adoption now of the
theory av0wed by our opponents In their decla-
| rations of principles TO the repeal OF the
present tarin. the passage or a tarif for revenue
only and the substitution OF. state bank for ma
tional currency would give immediate and dis
astrous shock TO business. But we are some times
| told that they do not mean what they say. IL
so, could the people wisely intrust power TO q
party which does not mean 10 keep It's prOinls ed
and appeals for popular support with an ad-
mitted lie upon is lips. AT other times we are
| tod that their candidate neither believes their
| and, therefore, there Is no danger. We put no
such aspersion upon their candidate. TO
hold the nomination under such circuin-
stances would be an act not ohly OF
treachery 10 the party whose standard
Lao bears, but OF folly besides since the country
could not help seeing that an effort was in prog
ress TO deceive IL as 20 either the policy OF the
/ all things the American people like plain deal
| ing, despee men who have not the courage OF
| their convictions, an1 repudiate those who try
to deceive them. Ii is impossible that any can