Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1892-09-07

hlatos, and 10 minor degree in Aus.
trla, France and Germany all In ex.
change for the articles which we in
tended HfatuitOuBiy 10 admit
What would have been the result 20
the United States n every article he.
fore II was put on the free list bad
been made the sui jet OF Inquiry TO
400 whit we could ret In exchange for
~? We omitted TO do 70 for many
years, and that neglect cost tho gov.
eminent advantages In trade which
would have amounted 10 tens Of mil.
llons Of dollars. This IA the whole OF
the reciprocity scheme. IL IN very
plain and very simple. 10 secures
valuable trade In exchange fof ar.
ticl.s otherwise destined TO be put on
the FREQ list. Tho Democratic party
thinl, they can discfedit II, and they
make the effort apparently for the un.
patriotic reason that they did no, orr.
gfnate II.
with all lis calamitlos war has
bought W. one great leseon In National
currency. There are many who will
say TINT II was worth the cost Of the
war TO bring about 20 auspicious to.
suit to capital and labor. Prior 10 the
war we had the worst currency system
o: any enlightened nation. Thoroughly
irresponsible banks existed by thou.
sands throughout the United States.
Whenever one OF them failed tho re-.
suit was n large loss aud great distress
among the people. No one was re-.
spOnulbls for their bills and they were
generally found scattered In the
pockets Of the laboring men, 10 whom
they were n total loss without Tcdemp.
ton. The aggregate loss amounted 10
hundreds OF millions Of dollars among
tho poor Since the close OF the war
all this In different. Every paper dollar
that croulntes among the people has
the United states behini II us n guar.
nntee. All the banks that exist are
under the control Oi the National
Government. amt II they fail NJ flnnu.
cini Institutions the Cove rnment takes
care that their bills shall By paid by
securities deposited In the government
vaults Under these oircumsts nces II
In n mattes for extraordinary surprise
that the Democratic convention phould
deliberately pasA resolution for the
revival Of State banks. II Is probable
that this policy, II carried out, would
cheat the poor man out OF his daily
bread. No device could be more deadly
for the deception aud dcspollmont OF
all commercial and laboriug Glasses.
How the Democratic convention came
10 make such "a declaration, who itH
author was, what intelligent purpose
there Is In It will remain mystery.
heard the argument adduced that we
would keep the monryat home II State
banks were Instituted, but we should
Keep IL nj home because II would be 30
worthless nobody would take 1t abroad.
Were the system OF state banks 10.
vived we would again have discounts
nj State lines, large charges for drafts
ON financial centres aud general sus-
plcion Of every Dill offered In payment,
with a liquidation every few Year,
that would he n destructive loss to In
nocent holders OF bills and n cores.
p0nding profit to parties owning banks.
Thoee issues which have given are
issues which would Grraign the Demo-
cratic party. would not multiply
issues nor be diverted by our oppo-
nents from steadfast adherence TO
aud constant presentation OF these
questions until every voter 10 made to
know and understand their true and
weighty Significance.
Very sincerely yours,
JAMES q. BLAINE.