Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1892-09-07

tney wouiu nve 10 nave tnose articles mace
free. We found that the privileges which we
were about 10 give without cost and without
charge would secure large trade ia Brazil
In Cuba and Porto Rico, In the windward and
Leeward islands, In British Guinea and
Jamaica, San Domingo and the five Central
American states and 10 a minor degree in
Austria, France and Germany y-all Ia exchange
for the articles which we had intended TO ad-
mit gratuitously.
The free lis, Of tho Mckinley tariff is larger
In the number Of articles and In the aggregate
amount Of their import valuo than the duti.
able list. What would have been the result To
the United States II every article. before Il
was put on the free list, had been made the
subject OF inquiry ~ eeo what we could get In
eKohangeY We omitted 10 do 80 Cor many
years, and that nngleot has COST the govern
ment advantages In trado which would have
amounted " TONS oY thousands OF dollars.
This is tho whole Of the reciprocity scheme
II is very plain and very simple II secures o
valuable trade In exchange for articles other
wise dsstiped 20 DO put on the FREQ list. The
Democratic party think they can discredt H.
and they make the effort, apparently, for the
unpatriotic reason that they did not originate
H.
National Currency.
Third = With all fts calamities, the wa,
brought us one great blessing national cur
rency. There are many who will say that II
WuS Wofth ths tort VI tnc W@ 10 Dflnk
10 auspioious q result b capital and labor.
Prior W the war we had tho worst currency
system Of nny enlightened nation In the world.
Tho state banks. with some exceptions. were
thoroughly Irresponsible. They existed by
thousands throughout tho United States
Whenever one of them failed, the result was
large loss sod great distress among the poo
pto. No one was responsible for their bills
and they woro generally found scattered In
the pockets of tho laooring man, TO whom they
we're a total loss, without any redemption
whatsoever OF the state banks II was often and
truly said that their debts were tho measure
Of their proats- fhoy have caused an aggre-
sate loss OF hundreds OF millions of dollars
among the poor.
Since the close Of the war this Ia different
Every paper dollar that ciroulatos among the
poorSe has the United States behind II a.
Z guarantee. An the banks that exist are un-
der the control Of tho national government,
and n they fail M financial institutions the
government has taken caro- that
Their Bills Shall 80 Paid
by securities deposited In government vaults
Under those circumstance Il Is q matter for
extraordinary surprise that the Democratic
convention should doitberately pass resolu.
uons for tho revival Of state banks. The palaple
effect Of this policy, n carried out would be TO
cheat the poor man 0ut Of his daily bread. II
state banks 10 adopted, and their circulation
esseih ih5uS, uo ufNtCt Couh
deadly for tho deception and dcspoilment Of
all the comJpqrclal and laboring classes. How
ne Democratic convention came to make such
o declaration, who was its author, what intel
ligent purpose was In twill remain o mys-
terry.
have hoard the Argument adduced that we
would keep the moaoy at home II state banks
were instituted. but we should keep Il at
homo because II would be So worthless that
nobody would take 10 abroad. Were the sys-
tom OF state hanks revived we would again
have discounts at the state lines, large charges
for drafts on financial eontcrs, and general
suspicion of svery bib offered In payment,
with . hQuidstioh evepy few years that would
be q destructive loss 70 The innocent holders of
bills and . corresponding profit TO the parties
owning the banks
The throe issues which have given Sro tho
Issues upon which would arraign the Demo-
cvatie party.
would not multiply issues OF be diverted by
our opponents from . steadfast adherence 70,
and constant presentation OF, those questions
before the people, unNl every voter n made to
know and understand their tue and mighty
Significance. Very sincerely yours,
JAMES q. BLAINE.