The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-10-19

ahOther dScennial census. II appears that the
property Of the United States has been still
further increased In the last ten years by
$4,000 100000, making total increase in thirty
years OF republican rule and repub-
Hcan protective tariff OF 1900, 100000 against
Sl4OOO 900 600 earned in the previous $50 years.
Our opponents join issue with us directly and
positively on the effects of the present tariff.
They deny that there has been any increase Of
prosperity under IL, declare that wages have
been reduced, and denounce our policy saying,
with a sneer, IL fosters no industry so much as
that Of the sheriff. It has been a fortunate cir
cumstauce for an impartial public, which de-
sires, above all, to ascertain the exact facts
concerning such an assertion that in the regu-
lar course of their official duty num-
Der OF democratic officers have since been
required to report statistics In their several de-
partments bearing on this subject. Such reports
have been made successfully by the commits
soner Of labor statistics, the bank commissioner
and board OF equalization OF New York, by
the chairman of the savings bank commission
and the chief Of the bureau Of statistics of New
Jersey and by others. All these reports tend
70 show an increase during the year 1891 under
the present tariff, in wages, in the value OF
products, in deposits in savings banks. or Ia
building and loan associations, and In the value
OF real and personal property. as fixed
for purposes. not OF speculation, but
OF taxation. In the state Of New York
alone. these democratic reports, all presented
since the adoption of the democratic platform,
show the following results: Net increase of
wages, S6377, ,925 90; net increase Of production,
$3i. .3l6, 100 6S; increase OF savings banks de-
posits Sl3, 755. 44S 27; net sum invested during
the year in building and loan associations
SIS. 7s9, 7s0; increase in the valuation of
real and personal property OF the state, Sl52.-
341,153. These official democratic refutation OF
the democratic denial that the country is pros
porous are confirmed by the personal experience
and observation of the people at large They
know that their own regions are not suffer
ing from general calamites. and
that In their communities other industries
mr. Nknov, ,l,a
and they may be left to form their own opin-
ions of the degree of trust and power they
should now give to the party thus eager to
calumniate the country.
THE POLICY OF RECIPROCITY.
The market OF the United States is the largest
portion to their means, and numbers are the
largest purchasers. The reciprocity policy, so
far adopted by the Republican party, provides
that where we now take off duties and give for
elgn products free access to this market. we
snail stipulate for corresponding ad-
vantages to our products in their
markets How an Intelligent and candid
American can object TO this is
incomprehensive. but the Democratic party has
formally denounced it as a sham. Atthe close
Of the fiscal year in June last il had been in
operation but few months, and under all the
disadvantages attending the opening of new
lines OF trades in foreign countries, yet even
then it had increased our trade with the foreign
countries to which IL had been applied one
fourth. The actual increase was 23. rs per
cent Since then there has been a stil greater
increase, amounting on Sept. /, the
latest date TO which official sta
tlstics are yet available-to H.6 per cent
The total values Of our domestic exports
TO countries with which we have reciprocal
treaties since these have been In force down to
Aug. 81, 1899, amount to Sl0a, 400 5l6. The
total value OF our domestic exports to the same
countries for the corresponding period Of the
year before these reciprocity treaties amounted
to $Sl, S37,292. The net value of sham recipro.
otty, therefore. to the United States 10 that
brief time and during its infancy was S22 569, ,gSi
II is obvious that the new trade thus opened
particularly with our neRhbors In Central and
South America. is sure of q wide and
far-reaching development. This trade lies at
our doors and with peoples naturally inclined to
friendly commercial relations with US through
kindred interests and political aspirations. 1t
involves largely an exchange OF products pecu-
liar to each country and needed by the other; II
opens markets for our cereals and vast fields
for the use OF our machinery and manufacture
and it must naturally bring with it also an
annual increase of mlscellaneous business be.
tween us and them, outside the articles directly
affected by the treaties. In short. it recams
American business which should belong TO us
but has heretofore crossed the Atlantic and
brings 1t to our ports. To abandon this
system. which is absolutely equit
able to both sides, which costs
us nothing and which brings such results would
be madness, while to denounce it as a sham ii
as unpatriotic es it is untruthful It is for tue
people who are so generally benehting by Il
alrsady. and who must see its promise for the
trust the care of 1t 20 the party which now
threatens the one and does ths other.
THE CURRENCY.
On the ubject 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 ol
gold shall be msds and kept q,
good as any other dollar. Our opponents
the national bank currency shall be broker
down by the repeal OF the 10 per cent. tax OF
the issues of state banks The lamented Gar
field proudly claimed in 1880 that our paper cur
rency Is now as national as the flag, and every
where equal to coin. The proposal OF our op-
Donents is to sectionalize IL again and return
TO the state bank system, under which 1t was
rarely equal to coin, was often at a ruinous dis
count and often worthless. No human beins
ever lost dollar or cent by the note of a ma
tional bank, solvent or otherwise Losers by
state bank notes have been counted by tens oi
millions, have touched all classes and reache1
every corner of the country. It is true thai
the gradual payment Of the government
bonds may require some change In the securi-
ties demanded as a guarantee for the nationa
bank notes. The party which devised the sys
TEN and made it magnificent success may be
relied upon to meet that emergency when Il
arises, and the one party that assuredly could
not be relied upon in the matter is the party
which has now formally proposed as II,
barbarous condition OF the heterogeneoll,
state bank issues before the war.
There is good reason to hope for
some practical union OF effori
for the common solution of the silver problenn
with an increased use OF silver through the re-.
newed international silver conference, which
the wise policy Of the present administration
has secured from the leading commercial ma
tions OF the world. But, In any event. the
country has learned In all such questions tc
trust the financial skill and integrity
of the Republican party, and 70 dis
party. in raising funds for prosecutine
the war for the union. IN devisinR the national
banking system, in resuming specie payment
In paying thc debt, In providing the great sums
required for giving just pensions to soldiers, and
In It's whole policy for the past thirty years has
shown great financial ability and achieved the
greatest financial success attained during the
century in any part of the world, and has.
therefore. the right to claim the popular conf
dence now. The Democratic party has opposed
1t in whole or in part at every one
of these successful steps, and has encouraged
in turn every financial heresy of the same
period, from fat money and the payment Of
national bauk notes. and 1t has. therefore nc
right to claim the popular confidence now on
this subject.
1t is a statement which no candid and com
petent business authority. whatever HIS political
tendencies, can deny, that the adoption now OF
the policy avowed by our opponents in their
declaration Of principles as to repeal OF the
present tariff, the passage OF tariff for revenue
only and the substitution OF state bank for
national currency would give an Immediate and
disastrous shock to business. But we are some
times told that they do not mean what they
say. II so, could the people wisely intrust the
power 70 party which does not mean 70 keer
its promises and appeals for popular support
with an admitted lie upOn its lfpap Az otba,