The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1892-09-28

lowers In South Carolina were Of more
comprehensive character than those con-
templsted In 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 tariff, they ale
| in radical opposition 10 the principles laid
down by jefferson. Towards the close of
his administration the revenue from the
| tariff on imports produced a considerable
| surplus, and the question was what should
| be done. Should the tariff be reduced or
| should this surplus be maintained? JEFF
| ferson pontedly asked: "Shall we sup
| press the imports and give that advantage
| 10 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, riv-
| 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
| q protective tariff can be justified, and JEFF
| ferson did not hesitate TO recommend It.
| The Democrats OF the present day. IL is
| needless to say, are in direct opposition TO
| the policy which Jefferson thus outlined
| and adhered TO.
EXPLAINS TIE RECIPROCITY SCHEME.
| ~
was first proposed TO be introduced into
the tariff system, the Democrats showed a
most generous appreciation of the queS
| ton, and gave il their support as long as
! Republicans refused TO accept it, but when
| Republicans came to approve of IL the
| Democratic support vanished, and instead
| of favOring. we find the Democratic ma
| tiOnal convention passing resolution hos
| tile TO the system. But in spite OF Demo-
| cratic opposition we have attained, through
reciprocity, new ana valuable trade, ana
| the system has demonstrated its many adj
vantages. We were about TO declare
| sugar, molasses, coffee and hides free from
| all duties in the Mckinley bill, but instead
of that we passed q law by which we
asked the several nations interested what
they would give to nave those articles
| made free. we found that the privileges
which we were about 10 give, without cost
| and without charge, would secure large
| trade III Brazil, in Cuba, and Porto Rico,
| in the Wmdward and the Leeward Is
lands, In British Guayana and Jamaica, san
| Domingo. and the live Central American
| states. and TO minor degree in Austria,
France, and Germany-all in exchange for
the articles which we had intended to
| gratutiously admit.
The free list of the Mckinley tariff is
larger in the number of articles, and in the
aggregate amount of their import value.
! than the dutiable list. What would nave
| been the result 10 the United States If
| every article, before il was put on the tree
list, mad been maze the subject OF inquiry
| TO see what we could Get III exchange for
it? We omitted TO do SO for many years
and that neglect has cost the government
| advantages IN trade which would hav q
| amounted to tens OF millions OF dollars
| This is the whole of the reciprocity
| scheme. Ii Is very PLAN and very simple.
| IL secures valuable trade in exchange for
articles otherwise destined to be put on
the free list. The Democratic party think
| they can discredt II. and they make the
| effort apparently for the unpatriotic rea-
son that they did not originate it.
WHAT STATE BANKS MEAN.
| With all its calamities the war brought
| us one great blesSing-natlonal currency.
| There are many who will say that il was
worth the cost of the war to bring about
so suspicious res lt to capital and labor.
| Prior to the war we bad the worst cur
| rency 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, anu they were
generally found scattered in the pockets OF
the laboring man, to whom they were
total loss without any redemption what
ever. Or the state banks II was often and
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 circulaieS among the people
has the United States behind it as guaran-
tee. All the banks that exist are under
the control of the national government t.,
and IL they fail as financial institutions
the government has taken care that their
bills shall be paid by securities deposited
| i'm government yaultS.
Under these circumstances II is matter
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. IL state banks be
adopted and their circulation attain q
large issue. no device could be more deadly
for the deception and despollment of all the
commercial and laboring classes. How
the Democratic convention came to make
such declaration, who was its author,
what intelligent purpose was in il, will re-
main mystery. L have heard the argu-
ment adduced that we would keep our
money at home il state banks were insti-
tuted. but we should keep il at home be-
cause II would be so worthless that nobody
would take it abroad. Were the system of
state banks revived, we would again have
discounts at the state lines, large charges
for drafts on financial centers, and general
suspicion Oh every Dill OHereu III payment,
with liquidation every few years that
would be destructive loss to the innocent
holders of bills, and corresponding probt
TO the parties owning the banks.
The three issues which have given arc
the issues on which / would arraign the
Democratic party. would not multiply
issues nor be diverted by our opponents
from q steadtast adherence TO and con-
slant presentation of these questions be-
fore the people. until every voter is made
TO know and understand their true and
/ weighty significance.
Very sincerely yours
JAMES q. BLAINE.