Los Angeles herald., 1892-10-19


1891 In wages, in value of products. in
deposits In savings banks, or building
ana loan associations, and in the value
| OF real and personal property. These
ohclal Democra ic refutations of the
Democratic denial that the country is
prosperous, are confirmed by the per-
sonal experience and observation of the
people at large.
AT the close of the fiscal year, the Both
of June last, the reciprocity policv had
been in operation but few months.
and under all the disadvantages attend
ing the opening of new lines of trade in
foreign countries, it increased our trade
with the foreign countries to which il
had been applied % 78 per cent. Since
then there has been still greater in
crease, amounting on September 1st to
27.08 per cent. The net value of "eham"
reciprocity therefore, to the United
States in brief period and during its
infancy, was $22 500 2S4.
Io abandon this system, which is abb
solutely equitable on both sides, which
cost us nothing, and which brings such
results, would be madness, while to de-
nounce it as sham is an untruth.
On the subject of currency, the issue
between the Republican party and their
opponents is almost as sharply defined
as on the tariff. We demand that every
dollar-paper, silver or gold-shall be
made and Kept as good as any other
dollar. Our opponents, while profess
ing the same desire, demand that the
national bank currency shall be broken
| down by the repeal of the 10 per cent
tax on the issues of state banks. No
human being ever lost dollar by note
OF a national bank, solvent or otherwise.
The losses by state banks are counted
by tens of millions. 1t is true that the
gradual payment OF government bonds
may require some change in the securi-
ties demanded as a guarantee for ma
tional bank notes. The party which de-
vised the system and made it magnifi-
cent success may be relied upon to meet
the emergency when it arises.
There is good reason to hope for some
practical union of effort for a common
solution of the silver problem, with an
increased use of silver, through the in
ternational conference; but in any event
the country has learned to trust the
financial skill and integrity of the Re-
publican party and to distrust its oppon-
ents.
1t is statement which no candid and
confident business authority, whatever
it's political tendency, can deny, that
that the adoption now of the policy
pu rsued by our opponents in their dec
laration of principles, as to the repeal
of the present tariff and the passage Of a
tariff for revenue only, and the substi-
tuition of the issue of state banks for ma
tional currency, would give an immediate
and disastrous shock to business. But
we are sometimes told they do not mean
what they say. Ii 80, could the people
wisely entruss power to the party which
does not mean to keep its promises, and
appeals for popular support with an ad-
mitted lie on its lips? At other times
1 we are told that their candidate neither
believes in the platform nor would
dream of carrying it. out, and therefore
there is no danger. We put no such as
persion upon their candidate. 1t is i'm
| possible that any candidate in the con-
test can for an instant have intended to
occupy position so unworthy. Fur
thermore. the duty Of carry ing out 8
plain purpose decided by the over
whelming majority in the highest Dem
ocratic tribunal, would devolve, not up
on the president, but upon the congress
to be elected by this party.
The danger never before has been so
great. The Democratic party has
threatened the peace and prosperity of
the country, but within the memory of
this generation, it has never had power
to carry out its purposes. 1t ia some
times said that we predicted all manner
of disastrous results when Cleveland
was elected, but nothing happened. A
good many regrettable things did happen,
though the worst could not, because the
hands of the party were til d in congress.
But the present political situation
makes it plain thata Democratic victory
in the states which they must now carry
in order to elect pres dent,
would also insure them enough
new senators to reverse the present
slender majority in the senate. II they
elect the president they will certainly
have both the house and senate, and
J thus will be placed in absolute control
for the fret time since 1859, with Moth
ing to prevent the carrying out of the
threats they have made against the pres
emit tariff and currency. 1t is as idle,
therefore, as it is slanderous to say there
is no danger from the triumph Of our
opponents, since the candidate will re-
fuse to carry out their principles. He
could not with credit, and he could not
anyway, because the power would not
be with him, but with congress.
The attempt to change the issue from
| tariff and currency, and divert attention
to the alleged force bill, scarcely calls
| for notice. The very title of the bill
proclaims it's object to all, to prevent
the use of force at elections. 1t failed,
anyway, and southern white men who
were lately its chief and most interested
opponents, now begin to wish it would
be revived to protect them from being
themselves counted out of elections they
fairly won, as they were the other day
in Alabama, by their own white fellow
Democrats.
1t is we'll, however, to say that the
enunciation in the Democratic platform
of principles, that the federal govern
ment may supervise the election Of fed
eral officers, is grotesque principle long
recognized and sustained by the courts.
It now stands undisputed on the statute
books, and was enforced at the recent
elections by Grover Cleveland. then
president. But, it is not to be dis
guised that the recent clamor against
the principle, if it means anything
means purpose to nullify the eleventh
and twelfth articles OF the constitution
The administration of President Har
rison is generally recognized as honest
able and safe. Considering the number
of important subjects, both foreign ant
domestic, it has been compelled to dea
with, and the satisfaction that attended
the results il NAV indeed ne prO