Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1892-09-16

abOl lltlon OF the tax uDon state banks
of issue TINS tax Was imposed by con
gress 10 destroy tue banks that they
migat adopt money basis. Il Is pro-
posed by the democratic leaders not
Only 10 20 tack 90 Tree trade, OF =
revenue tar.tf, which prevailed ID this
country frcm 1876 - 1900, aud during
which for The greater part or that time
the country IA lts monetary and COM
mere.al Ani business Affairs vas IN
most deploFable condition. 5nt u =
proposed also 10 return & tne use OF
state bank circulation with which 10
measure the exchanges OF the people.
Ii there MAS nothing else ln the contest
bet the proposition for tie abolition ot
the tax upon the stale banks aud their
revival, that ought Ia be sufficient
10 defeat the democratic party. oar
experience under that SYSTEM OF money
wall be recalled ty thousands and hum
dreas Of thousands of the people
throughout the country, and no man
who mas had ANY experience with It
Will want To return u II. Ii means
local money instead OF national money;
II means that each state in the un.On
shall have money OF Its own issued 10y
the state authorities and under such
regulations and with such security as
the several legislatures may determine.
lt means that our money shall BE- con-
tined To state lines. which will interrupt
and dlsarrange the Interstate COM
meTce OF the country. It will mean
that when cross from Ohio into Penn
sylvanla | must change my money and
stand the discount, and as | pass into
New York still another exchange of
money and still another discount; and
then all the time uncertain as TO
whether the dollar which have is gen
uine or whether II j, counterfeit.
Every man would be required, If he
wanted TO be safe, 10 carry what is
known as the old bank detector-and
1t Is proposed 10 go back TO that. Ii
the democratic party should be success
full and the principles declared at Chi
cago should be put INTO permanent
forms of legislation, we would have
the British system of free trade and the
old state banks with their worthless
circulation. The British system of free
trade would reduce the wages of every
iaborIng man IN the United states.
When the wages are reduced then
II Is proposed TO further cheat
the laborer and employer by paying
HIM off in a deprecated currency; that
IS where the democratic leaders will
lead you If they We're honest when they
made their platform. Our money
should be "a national AS our flag and
that is what It is today; and II should
be as sacred as our national honor, as
sound as tho government itself; and
the people of the country no more
want free trade and the conditions
which II will impose than they want
worthless state bank moneys. Free
trade IN this country would be wei
coined by every European country, by
every commercial rival OF the United
States and by every enemy to our pro-
greSs and prosperity. Protection en-
courages cur Industries and our own
enterprises, our own investments and
our own people. Protection gives en-
ployment to our own labor; bread TO
our own people and market TO our own
producers. Ali Europe wants Cleve-
land elected president and wants Har-
rison defeated. May | not in this con-
nectlon state that we have very much
to lose by the election of Mr.. Cleveland
in the very direction of their gam.
Music hall Vas crowded, IL beng the
occasion of the mass meeting OF the
National League OF Republican clubs.
Chairman Clarkson introduced Major
McKinlay, who was cheered for fully
five minutes. Mr.. Mckinley finished
amid vociferous applause and after
selections by tne band and Glee club
the Hon. j. Sloat Fassett was intro
duced and spoke briefly on issues OF
the campaign. John NJ. Thurston OF
Nebraska followed Mr.. Fassett, and the
meeting closed with a few remarks by
Charles Morris, a colored man from
Kentucky.