The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-09-13

nouncing a policy which shall pc gem
uiuely American, confidence Will come
back, and this vast sum OF money
withdrawn from circulation1 will ind
its way into the banks and In due course
into the channels Of trade. The suR-
gestion for state bank money, coming
from any quarter, should be promptly
rejected, and the party proposing y
should be deprived Of the power 70 pro-
mote such scheme. The experience
through which We have passed during
the last three months should admonish
US that whatever other kind OF money
we may employ state bank money
should not be thought OF Had our
one hundred and twenty suspended ma
tional banks been state banks, tolloW-
ing their suspension would have come
discredit to their notes, which would
have been nowhere received, and q
monetary disturbance would have en-;
sued that must have caused universal
bankruptcy and ruin. Even as IT was,
and bad as It was, TO have these nation
al banks suspend, It is to be noted 70
the credit OF the system that the bills
Of every suspended national bank were
as good as gold and pass as freely as
though the banks had never closed.
THE PRESIDENT HITS IT.
The President in his recent message
makes significant and for him a some
what surprising statement He says:
It may DO true that the embarrassment from
which the business OF the country u suneeElhs
arises ~ much from evils approhendea u 1tom
those actually existing.
/ believe that in this sentence the
President has uttered a great truth:
one which will find in the mind OF
every thoughtful man q quick and APP
proving response. Whatever other
things may have contributed to our
present condition, every man knows,
as tho President puts it, that the great
underlying cause is from "evils appre-
hendedp-eyils which are yet to come
evils which are threatened-eVtls
which it is believed will follow the exc
cuted DEGREES of the last Democratic
national platform. He announces In
his message the real evil to be appre-
hended. He emphasizes the menace In
almost the last paragraph OF the mes
sage which quote III the following
language:
twas my purpose to summon Congress In
special session carly In the coming September
that we might enter promptly upon the WORK OF
tariff reform, which the true interests OF the
country clearly demand. which 90 large ma
joFity Of the people, al Bhown by their sufrages,
desire and expect, and 10 the Accomplishment OF
which every effort OF the present administration
iSpledged.
This is the note of warning. This is
the alarm bell. This is the evil to DO
apprehended, and the one most OF all
others which the country fears, and be-
cause OF which it is, in large part, sui.
iering to-day. He renews the threat OF
his platform and declares that every ell
fort OF the administration shall be em-
ployed to carry it into execution. Re-
move that threat, and confidence would
at once come back; business would re.
sumo its old condition; mills would
start, and idle men find work and wages.
II is the anticipation OF tariff reform
or free trade or revenue tariff which
has set the country where 1t is. Who
can doubt it? That revolution In our
tariff policy is to be expected admits OF
no doubt.
TWO SYSTEMS on TRIAL.
So the two economic systems are
again on trial in Ohio this year. The
Republican party has renewed its i'd
herence to the system of protective
tariff, and the Democratic party has,
through its platform, declared its adj
Z herence to free trade or tariff for rev.
enue only, aud has put IN nomination q
gentleman who has been conspicuously
identified with the free trade wing OF
the Democratic party, and Is the repre-
sentative OF the most radical views upon
the subject. What the Republican
party means by protection 1t has inter-
preted in It's legislation for the last
thirty-three years, and its. most recent
expression upon that subject is found
in the tariff law OF 1890. So the people
know what the Republican party means
by a protective tariff, and would be glad
to know what the Democratic party
means in detail and with particularly
by tariff for revenue only. .ttis for
tunate, therefore, that We haye one SO
distinguished and able-the very author
OF the tariff plank Of the last Demo
cratic National platform itself, to advise
the country exactly what the party now
in power will do with the tariff. II has
occurred TO mo, therefore, to ask my
distinguished competitor what his tariff
would do with the law of 1890 in detail.
TnE DEMOCRATIC THREAT.
1t is true that our protective legisla-
tlon still stands, but the Dem ocratic
party is pledged to repeal it They
have in platform declared it fraud and
robbery and the eliminating atrocity
Of class legislation They have gone so
far Us to pronounce 1t unconstitutional.
Their victory last year. as they interpret
it, was decree to tear up protection
root and branch. Is that not true2 If
SO, then the commonest instinct Of bust
ness prudence demands the business
world to take notice. They have done
1t, and the present condition Of the
country tells the rest. When man is
sentenced TO be hung, he suffers all the
tortures Of death before he has ever
seen the halter, md the most reckless
man, under such a sentence, gete ready
for the death which Is TO ensue.
The Republican party can be counted
upon to act in unity and patriotism in
o crisis like the present, and there are
thousands in this country not Republic
cans who can be relied upon to cooper
ate with US in rescuing the country
from the business perils into which it
has fallen.
VOTES BETTER THAN PETITIONS
Ihave observed in the press that in
many parts of the country petitions are
being circulated, signed by Democratic