The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1892-09-15

tE pottt be Eahhlafot hbo tGN fofFAu
ere.,sd .seuld be appropriated 10 the i'm
pteveusn, Of roads. esbsis. rivers and cd
ecsiion.
II The Cop.iliaiion did act give sssseisn
poser 10 warrant ibrse appropriations
jefferson vent 20 fer - ia roommsrd ihs
IL he smendsd This presents the s,fop
sssi coalition 81 ,fsin upon which |,
protective isrin osn be justified. spd Jss
.ron cid pct Lesitste to recommend IL
The dsmoeisis u the prtsen, day. u !,
Feeble. 10 ssy. ere ,he direct opponents
Ct the roiicy which Ieirelson thus ouilin
Cd apd adhered 10,
q When TIE principle Of reciprocsl
trade sss Gre, proposed 10 be introduced
is,o the tariff system the democrats chow
Cd MO-, generous appreciation Of The
qaes,ina. aud gave II their
snppor, 90 long I" the Republicans refnsi
20 TO sooeI 1t; but when the Republican,
esms to sppfose II the dem ocrstie support
vanished. aud instead OF isyoring We hnd
ihs ID poerstie A.tlonal Convention pss
sing . resolution BIO tile TO the system.
But 10 spite Of democratic opposition We
b.ys sttsiBtd / rough reciprocity . pew
spd valuable trade. and tho system bAs
Demonstrated ito many advantages VT
we're about 10 declsfe sugar molasses, sof.
fee and hides free OF all duties 10 the Nc,
kinhy bill, but iuslt 80 OF ihst We passed .
'Aw by ~bich We asked the several nations
iut rested what they would give to have
their sltirl-s made free.
We found that the privileges witch We
we're about to give wlthoat coat and with
ont charge would secure large trade 10
Brzii. IN Cuba aud Porto Rico. 10 the
Windw.rl and L,ewsrd Islands, In British
Guiana spd Jamaica San Domingo aud The
fvs CeLtriI American States, spd 10 .
mioor degree 10 An ia, France and Or
many all 10 ,xehspee for the articles
which We hsd Intended 10 gratuitousIy I'D
NIT
The free list Of the Mckinley tariff Is
rser 10 tue number OF articles and ip
the aggregate smount Of their import val,
ae tbsn the dutiable list. What would
have bern the result to the United States
II every article. before 1t was put on the
free list. had been made the subject OF IN.
quiry to zee what we could getin exchange
for IN We omitted 10 do so for many years
Aud that neglect has cost the govern
ment advantages IN trade which would
have amounted to tens OF millions OF doll
lars.
This is the whole Of the reciprocity
scheme. Lei is very plain aud very sim pie.
I secured . valuable trade 10 exchange
Tor articles otherwise destined TO be put
on the free list The democratic party
think they can discredit il. aud they make
The Effort, spp1renily for the uppatriotic
reason that they did not originste It,
8 With all its cslamiiies. the war
br)ugbt us one blessing national curreDl
~ There are many who will say that il
as worth the cost OF war 10 bring about
20 suspicious result TO capital and labor.
Prior TO the war we had the worst currep'
y system OF any enlig btened nation in the
world. The s,ste banks. with some fxcep
ions, were thoroughly irresponsible.
they exiitsd by thousands tbroug bout
he United Ststes.
Whenever one OF them fsiled the result
vas u large loss aud great drtrsss among
he people. M one was responsible for
heir bills, aud they were generally found
altered into the pockets OF the laboring
nan, to whom they we're . total loss VITA
ut any redemption whatever. OF the State
'snks it was often and truly ssid that
beir debts we're the measure Of their
roft,.
They have caused an aggregate loss OF
Iupdreds OF millions Of dollars among the
oor Since the close Of the war eli this
J different. Every paper dollar that Cir
ulates among the people has the United
tets behind il asa guarantee. All the
snks that exist are under the control OF
BIO nsiiopsl government. aud il they fail
s hosocisl institutions the government
as taken care that their bills shall be paid
\ securities deposited in government
Anlt-.
Uoder these circumstances IL isa matter
,r Extraordinary surprise that the demo-
ratio CONVEX tion should deliberately psss
for the revival OF State banks
he pslpsble effect OF this policy, il csrl
led out. would be TO cheat the poor man
Ut OF his daily bread. II state banks be
iopted, sud their circulation attain Q
Irge issue. DO device could be more dead
for the deception aud deepoiment Of
Il the commercial and lsboring classes.
How the democratic convention came
, make sueh . declsrst on. who was its
utuot, "hst 'usVht8'ht pbi posV "ss ~ "
III remain 3 mystery. hsve heard III,
'sumeut sdduced ,hst ve would keep
10 money 1t home il State banks we're i'm
iiuted; but ve should keep II st home
pcause it would be 40 worthless that no
ody vonld take IL abroad.
We're the y stem OF State banks revived
Q woul1 sgsin have discounts 1T the State
nes, large charges OF drafts. on financial
inter, spd eu'r.l suspension OF every
III Offered 10 payment sith liquidation
Tery few years ibst xould be destruc'
We loss 10 The inboc~ut holders OF bills
ID . corcesponding prhi t. the parties
Hning The bsnks.
The three issues which have given are
he issnes 90 ~bicb | sorld srrsisn the