Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1892-09-08

/ poncy wnicn JcncrsOn uutiinuu anu au-
| hered to-
When the principle of reciprocal trade was
| first proposed to be introduced into the tarin
| system, the democrats showed q most gener-
Gus appreciation Of the question and gave Il
their support as long as republicans refused
| 10 accept H. but when the republicans came
to approve IL, the democratic support van.
/ ished instead OF favoring We find the
! democratic national convention passing O reso-
! luton hostile to the system. But in spite OF
( democratic opposition we have attained through
reciprocity, u new and valuable trade and the
| system has demonstrated its many advantages
| We were about TO declare sugar, moasses, cot.
fee and hides free from all duty in the McKin.
| ley bill, but instead Of that we passed law
| by which we asked the several nations in.
| tercsted what they would give to have
their articles made free, We found
that the privileges which we were about
to give without cost and without charge would
secure large trade in Brazil in Cuba and Por-
TO Rico, in the Wndward and Leeward islands,
in British Guiana and Jamaica, San Domingo
and the five Central American states and to q
minor degree in Australia, France and Ger
many, all In exchange for the articles which we
had Intended TO gratuitously admit
The form Of the Mckinley law IL larger In tho
number OF free articles and in the aggregate
amount Of their import value than the dutiable
list What would have been the result 10 the
United States II every article before It was put
on lne Tree llht nau Deeu maze the subject OF
inquiry to see what we could get in exchange
for II.
We omitted to do so for many years and that
neglect has cost the government advantages In
trade which would have amounted to tens OF
millions OF dollars
This Is the whole OF the reciprocity scheme
II is very plain and very simple 1t secures
valuable trade In exchange for articles other
wise destined TO be nut on the free list The
democratic party think they can disoredit this
and they make the effort apparently for the
reason that they did not originate it.
With all Its calamites the war brought US
one great blessing-national currency. There
are many who will say that II was worth the
cost OF the war 10 bring about 30 auspicious
result to capital and labor. Prior 10 the
war we had the worst currency system OF any
enlightened nation in the world Tho
state banks, with some exceptions, were
thoroughly irresponsible. They existed
by thousands throughout the United
States Wherever one Of them failed the re.
suit was a large loss and great distress among
the people, No one was responsible for the
bills and they were generally found scattered
IN the pockets OF the lRboring men, to whom
they were total loss without any redemption
whatever or the state banks II was often said
that their debts were the measure OF their prof.
its. They have caused an aggregate loss of
hundreds OF millions OF dollars among the poor.
Since the close OF the war this is different
Every paper dollar that crculates among the
people has the United States behind II as a
guarantee All the banks that exist are under
the control OF the national government and II
they fall as financial institutions the govern
ment take cares that their bills shall be
paid by securities deposited In the govern.
ment vaults. Under these circumstances II is
2 matter Of extraordinary purpose that tho
democratic convention should deliberately pass
resolutions for the revival OF state banks
The palpable effect OF this policy II carried
out would be TO cheat the poor man out OF his
daily bread. II state banks be adopted ant
their circulation attains o large issue no devic,
could be more deadly for the deception and do
spoilment of all the commercial and laborina
classes How the democratic convention came
TO make such q declaration who was Its author,
what Intelligent purpose was in IT, will remain
a mystery.
have heard the argument adduced that we
would keep the money at home II state banks
were instituted, but we should keep Il home be-
cause II would be so worthless that nobody would
take Il abroad Were the system Of state banks
revived We would again have discounts at the
state lines, large charges for drafts on financial
contrasts and general suspicion OF every bill
offered in payment with liquidation every
few years that would be destructive loss TO
the innocent holders OF bills and corresponding
profit TO the parties owning the banks.
The three issues which have given are the
issues upon which would arraign the demo
cratic party,
would not multiply issues nor DO diverted
by our oppo nents from steadfast adherence 70
and constant production OF those questions I'M
Ill every voter is made 10 know and understand
their true and weighty signincane, Very sin.
aSSalS S4.iis~ IAaLt2 z HLAGSE