The Superior times. [volume] (Superior, Wis.) 1870-1912, 1892-10-01

lowers in South Carolina were Of more
comprehensive character than those con-
templated III the Democratic resolution OF
1892.
The Democrats are in the habit OF nam
ing jefferson as the founder Of Their party.
and yet. on the subject of tarlf, they are
III radical opposition 10 thc lTlnc!pit> Iat'l
down by jefferson. Towards the close OF
his administration the rtVeEue nom The
tariff on imports produced Il rons!dc!".'..c
surplus. and the question WAS What >Lo,..d
be done. should the taIlf be reduced or
should this surplus be maintained jet
ferSon pontedly asked: shall we sup.
press the imports and GIVE that advantage
to foreign over domestic manufactures ~
For himself he recommended that
1.-The imports be maintained and that the
surplus created should be appropriated
to the Improvement OF roads canals, nv
erS and education"
Ii the constitution did not give sufficient
power TO warrant these appropriations
Jefferson went so far as to recommend
that it be amended. This presents the
strongest condition Of affairs upon which
a protective tariff can be justified, and JET
ferson did not hesitate TO recommend t.
The Democrats of the present day, Ii is
needless to say, are IL direct opposition TO
the policy which Jefferson thus outlined
and adhered 10.
EXPLAINS THE RECIPROCITY SCHEME.
When the principle of reciprocal trade
was first proposed to be introduced INTO
the tariff system. the Democrats showed
most generous appreciation OF the CUES
ton, and gave II their support as long as
Republicans refused 10 accept 1t, but when
Republicans came TO approve of II the
Democratic support vanished, and instead
of favOrng, we find the Democratic ma
tlOnal convention passing resolution hos
tile to the system. But in spite OF Demo
cratic opposition we have attained, through
reciprocity. new ana valuable trade, and
the system has demonstrated It's many ad-
vantageS. We were about 10 declare
sugar, molaSSeS. coffee and hides free from
ali duties i'll the Mckinley bill. but instead
of that we passed a law 10y which we
asked the several nations interested what
tLey would give 10 have those articles
made free. We found that the privileges
which we were about TO give, without cost
and without charge. would secure Il large
trade III Brazil. III Cuba and Porto Rico,
III the WIndWard and the Ieeward Is
lands. In British GuaN ana and Jamaica, san
Domingo. and the five Central American
states. ana TO minor degree III Austria,
France. and Germany-al in exchange for
the articles which we had intended 10
gratutlOuSly admit
The tree list of the Mckinley tariff is
larger in the number of articles, and IL the
aggregate amount of their import value.
than the dutiab!e list. What would nave
been the result TO the United States if
every article, before il was put on the free
list, had been made the subject of inquiry
to see what we could get III exchange for
1t? We omitted TO do SO for many years
and that neglect has cost the government
advantages IN trade which would hay
amounted to tens of millions of dollars
This is the whole of the reciprocity
scheme. IT Is very plain and very simple.
1t secures Il valuable trade exchange for
lrl pS "a n no n n
the free list. The Democratic party think
they can discredit II, and they make the
effort apparently for the unpatriOtic rta-
son that they did not originate 1t.
WHAT STATE BANKS MEAN.
With all its calamitles the war brought
us one great blessing currency.
There are many who Will say that il was
worth the cost of the war to bring about
so suspicious a result TO capital and labor.
Prior to the war we had the worst rUr-
reDcy system OF any enlightened nation
IN the world. The state banks. with some
exceptions, were thoroughly irresponsible.
They existed by thousands throughout the
United States. Whenever one of them
failed the result was large loss and great
distress among the people. No one was
responsible for their bills. ana they We're
generally found scattered IN the pockets OF
the labOrlng man, TO whom they were Il
total loss without any redemption what
truly said that their debts were the meas
ure of their profits. They have caused an
aggregate loss OF hundreds of millions of
dollars among the poor since the close
of the war all this Is different Every pa
per dollar that Clrcula;eS among the people
has.the United states behind il as guaran-
tee. All the banks that exist are under
the control OF the national government I.
ana if they fan a. financial institutions
the government has taken care that their
bills shall be pad by securities deposited
in government vaults.
Under these circumstances 1t is amatter
for extraordinary surprise that the Demo
cratic conventions should deliberately pass
resolutions for the revival Of state banks.
The palpable effect OF this policy. il car
ried out, would be to cheat the poor man
out of his daily bread. If state banks be
adopted and Their circulation attain a
large Issue. no device could be more deadly
for the deception and deSpollment of all the
commercial and .abOrlng classes. How
the Democratic convention came 10 make
such declaration. who was its author.
what intelligent purpose was in it, VIII Tc
main mystery. | have heard the argu-
ment adduceu that We would keep our
money al home il state banks were InstI-
tuted. but we should keep il at home he
cause IL 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
Tor drafts on financial centerS, and general
suspicion Of every bill offered IN payment
with liquidation every few years that
would be destructive loss 10 the innocent
holders of bills. and Il corresponding pTont
10 the parties owning the haSkS.
The three ISSUES which have given are
the issues on which | would arraIgn the
Democratic party | wUuId not multiply
issues nor be diverted 10y our opponents
from steadtaSt adherence 10 and con
Stant presentation Of these questions be
lore the people. until every voter IS made
TO know and understand their true and
welshty significance
Very sincerely yours.
JAMES q. BLAINE.