Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1893-12-29

A COMMERCIAL AGENCY ON THE
NEW TARIFF.
From Purely Business standpol1. !, !.
Reform Beginning IL Not Encouraging-
The President and the Penstpners :
Ho.r's Hawaiian Resolution. 81
Distinctly Di..ppo,ntinr.

considering. This is q strictly com.
mercial journal, which cannot afford to
be partisan. Its comments on current
events are always framed with impar.
tialtty. To take sides on any question
that serves as q dividing line between
Republicans and Democrats would be
offensive to one half or the other of
Its constituency, and destructive of its
influence. But Bradstreet's Is q Jour-
nal of commerce, and anything that
affects the commercial world as whole
deeply cannot pass unnoticed by it.
We may regard 1t as an expression of
the business community, without re-
gard to party, when Bradstreet's puts
itself onrecord with regard. to the new
tariff bill. It has done SO in language
that could not we'll be stronger than
this conclusion of its leader on the sub
ject:
=. After the most severe financial panic a. to
liabt!tties In our history, with hundreds Of
thousande OF wage-earneis idle or working on
reduced time and Tor lower wages. with nearly
becsuse Of small demand with vi iittis sSr iifsii.
hood OF Widespread improvement this winter
the face Of tnres cf what viii BE-
changes (which viii unsettie trade and cause a.s
With e ontts
taxed whisky will stimniste a II The %oon
svsdsd the aishoaess ss paid BY II The @ honess
ana IN the end react upon the party respons-
ib!e for 1t. From purely business point Of
pointing.
This is perfectly valid criticism,
whatever may be q mans political
opinion; and it is certain to be the
business mans way of looking at it.
When he finds that his years transac-
tions are disappointing, and that the
next year promises to give balance
on the wrong side, he begin to re-
trench. No matter how much it hurts,
he cuts down expenses if he wants to
keep out of bankruptcy proceedings.
But with deficit of at least $5O. .OOO, 900
facing 1t, the Ways and Means Commit
tee proposes to sacrifice not less than
b50, 100000 more of revenue, and then
go fishing for some way of making up
the difference. 1t is the most reckless,
happy-go-lucky way of administering
g government that was ever heard of.
II revenue is to be reduced, expendi-
lures ought to go along with it. The
cry that Republican administrations
have SO swelled expenses as to
make this impossible is the veri-
est campaign trash. Two years
ago Democrats were whimpering
over their inability to econo-
mize because the Republicans still
held the Senate and the Presidency,
and could block thei. praiseworthy ef-
forts. Give them full control, they
pleaded. and the country would see what
they could do. The truth is that they
have no idea of economy. They are
not limited in the reforms which they
might introduce. They could, without
doubt, cut down appropriations by
s5o,OOO,0OO if they wanted to, without
failure to comply with any existing
law. But every mothers son of them
wants his share of "pork." Their only
remedy for needy treasury is to stick
on another tax somewhere, anywhere
that it can be put without creating a
revolt. The business sense of the
whole community joins with Brad
streets in declaring that @this is bad
beginning-a very bad beginning-for
9 great political party which has prac-
tically its first unhampered opportu-
nifty within thirty years to do con-
structive work in the matter of ma
tional legislation. Paul Pioneer
Press.