The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1892-10-19

bIlG IdoU t6u ycdlS IOul GOCh OiON'ciA "
million dollars, making total increase
in the 30 years of Republican rule and
Republican protective tariff, of forty
four Thousand million dollars, against
fourteen thousand millions earned in the
previous $50 years.
1t has been fortunate circumstance
for an impartial public that, in the regu-
lar course of their official duty a number
of Democratic officers have been required
to report statistics in their
several departments bearing upon
the effect of the, present
tariff Such reports have been made by
the commissioner of labor statistics, the
bank commissioner and the board of
equalization of New York; by the chair
man of the savings bank commission and
chief of the bureau of labor statistics of
Massachusetts and by the commissioner
of the bureau of statistics of New Jer-
sey. All these reports tend to show an
increase during the year 1891. under the
present tariff. in wages, in value OF pro-
ducts, in deposits in savings banks OF
building and loan associations, and in
the value of real and personal property
as fixed for the purposes of taxation.
These official Democratic refutations Of
the Democratic denial that the country
is prosperous are confirmed by the per-
sonal experience and observation of the
people at large.
The Market of the United States
is the largest and best in the world. The
reciprocity policy, adopted by the Re-
publican party, provides that where we
now take off duties and give foreign
products free access to this market, we
shall stipulate for corresponding advan-
tages to our products in their markets.
How any intelligent and candid Ameri-
can can object to this is incomprehensi-
BILE. At the close of the fiscal year in
June last, it had been in operation but
few months, under all the disadvantages
trade in foreign countries. Even
then it had increased our
trade with the foreign countries
to which it applied was 23.78 per cent.
Since then there has been a still greater
increase, amounting September 1st to
81. 6 per cent. The total values Of our
domestic exports to the countries with
which we have reciprocal treaties since
these in force, down to August 81,
amount to S104, ,406,516. The total value
of our dom este exports to the same
countries for the corresponding period
of the year before these recipracity trea-
ties amounted to SS1 ,S37, ,232. 1t is obvi
Gus that the new trade thus opened, par
ticularly with Central and South Ameri-
ca, is sure of wide and far-reaching de-
velopment. To abandon this system,
which is absolutely equitable to both
sides. which costs us nothing and which
brings such results, would be madness,
while to denounce it as sham
is as unpatriotic as it is untruthful.
diamond that
every dollar, paper, silver or gold, be
made and kept
As Good as Any Other Dollar.
Our opponents, while processing the
same desire, demand that the national
bank currency be broken down by the
repeal of the 10 per cent tax on the is
[ssues of the state banks. The proposal
of our opponents is to return sto the
state bank system under which our pa
per currency rarely equal to coin, was
often at ruinous discount and often
worthless. No human being ever lost.a
cent by the note of national bank. The
losses by state bank notes have been
counted by tens of millions, touched all
classes and reached every corner of the
country. The gradual payment of gov
ernment bonds may require some change
tee for national bank notes. The party
which devised the system and made it
magnificent success may be relied upon
to meet that emergency when it arises.
There is good reason to hope for some
practical union of effort for the common
solution of the silver problem, with in
creased use of silver, through the re-
newed international silver conference
which the wise policy of our present adj
ministration has secured from the lead
ing commercial nations. In any event,
the country has learned to trust the fl
nancial skill and integrity of the Repub-
lican party and distrust its opponents.
The Republican parry, inits whole poll
cy for the past thirty years, has shown
the greatest financial ability and achieved
the greatest financial successes attained
during the century in any part of the
world The Democratic party has en-
couraged every financial heresy of the
same period. The adoption now OF the
Policy Avowed by Our Opponents
in their declaration of principles would
give an immediate and disastrous shock
to business, We are sometimes told that
they do not mean what they say. If so,
could the people wisely intrust power to
party which does not mean to Ike ep its
promises? At other times, we are -old
that their candidate neither believes
their platform nor would dream of carry
ing it out. We put no such aspersion
upon their candidate. To hold nomin-
alton under such circumstances would
be an act of treachery to the party whose
standard he bears and of folly besides,
since the country could see that an
effort was in progress to deceive it.