New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-09-10

graph he gives them in his famous letter TO Mt
Wilson. II will be remembered that he then said:
In these circumstances 1t may well excite our
Gsde The that aFe Of Sns G aeP p4nc
free raw naterlals) and that the inconsis tent alb
OF sSc9 sa S woo Of the
farmer be put the free list and the protection or
coal Of corpora tons and capitalists How We
face the people after INDUCING IN such outrageous
And VET in the face Of al this the President didn't
have the backbone TO veto such an unjust and out
HOWE in anticipation of free wool the farmer
has been suffering ever since the election h OF s5 ne
take the free trade price in the market Liverpool
The Increased production OF WOOL IN loo the United
and the total production OF that year ga 900 900
pounds. In the last year the number oil sneep mas
sui, of the anticipation OF the opening UP OF o the
wool market OF our country TO the COM
petition of the wool growers or other lahus'
AN APPALLING sHRINKAGE.
The value OF the sheep In the United States has
declined from s25oO92ci the ist Of January lSaS
10 ss9lS.llo on the lst o. January 1924 a
shrinkage OF more than ss6,OoOeo in single
twelve months This shrinkage. which Is most APP
pallng falls upon the farmers OF the country, many
OF whom are in debt and some OF whom have mort
cages upon their property and were relying In part
least upon fair price for their wool TO cancer
them Every dollar OF the loss comes from the
farmers pocket and no Is more poorly pre-
The free list, under the law OF 1890 took from the
dutiabe lat non competing goods Of the value OF
500 232 90 The new law takes from the du'ia.
bic list goods amounting In value 10 S'i..SSsh" 10
ali0 takes hsce. iGm ' d ffee AMOUNTING S to
upon which they propose to collect duty pI Stu
1890 on various articles to the value OF Slso'tW.
But am not here to discuss tarln rates or srheu
ules Thesr subject to change, up or down. a.
new conditions require; but my insstence - tnat
these changes must ever be governed by tne pro-
teciive principle. and within that principe rate rate
may he. should hr and Will be AMENDED al nm,
new processes Of manufacture and changed c2 IN
mcrcal conditions require, but thHy must nVl Az
below rate which will adequately measure tne nlI
ference between the American scale OF Wages am
that Of competing countries. ana mus, a,maS' "a
in favor Of the labor Of orr own country ana
the homo market for our people s,ac ne to amend
nent. The tariff policy Of this country inus' oe pro-
the American people mean to nave ..,,.
The financial condition OF hS G1unr linz teyencs
but hop fu and ,ncouraging Win Ia Ing a ar
but no material dim!nution In expenditures We are
rapidly running into debt -, oo, ,.a,r
The receipts Of The Government tor the nSGar
OF the Government for the fiscal year ls5 ne az
penliturss Of The iI ls,s wRe The pay
ments for pensions for 1894 were sS'isoco less than
i0 In ' The camIaisn Of 1892 subject much talked
about was IN. extravagance OF the tepupiGan LIZ
, a., session ~ The present Congress. Democratic
in ali is branches. 81 2G9 SIS Y greater man az
80 ably presided over by that il:usrious statesman
sess,dn oq N" present Congress jus, c.osed are
,2s 700 less than the last session Of the l ba
pemocratc party had control Of the House men,
as it controls both branches OF Congress no fo,nn IN
alone There was Pr % q ss al sme
.ons Than were appropriated at the last SESSION OF
The Lid Congress Exclusive OF pensions Pres
dent Cleveland expended from June 81 casrx or on the
Government than was expended In the .ast nsca'
year under President Harrson's Admin's'ratnn.
al ;. IN 10
pricing during this era OF hard ,iin and
WI . evervwhere that large lat Of official sal
aries have been increased by the present De'hoe'a1
Congress.
THE DEMOCRATIC DEFICIENCY.
For the first time since 1896 We have had this
wear n deficiency agsregating 100000. and the re-
dour,lon fund OF s0ococo called the Gold Re
1871 ." ;, ,,o,,,,ln AZ par the &i6No.cO OF green
hocks and RIGA osooOo Of Treasury notes. has r. N
to X7.0oDoo
The resources Of the Government have been
weakened and the deb, Increased The situation l.
no, promising The sugar duty VIII not pr'"s
much II any money Into the Treasury for several
ron his because Of the enormous importatiphs os
rsw sugar under the free clause Of the law, Oh
$50 AMI the increased revenue which was 20 Hon
-, an ADVANCE o the OF y cents a CANON
on ~hiskey viii not early be realized. because the
ibeg f ff ths purpose by president
ciev.land been very busy Withdrawing Splits III
erest qn,n,liies under the lower tax and VII now
eight years In which hereafter to take their proauc
- il To- be- ,rvei too that the expenditures OF the
Government have exceeded IN" income o' the GOV
The present pcmOcrltlc Administration, This has
not occurred before for thirty years AMI never O.
a. rrci at all under Republican ADMINISTRATOR eN
cept in the exigcnri"s Of IN" great war; II Is q
Democratic practice. Il Is history repeating Hs"i
incrcI sng public debt vas tn" inheritance left ns
l., the "a { Democrat Admlnlstraiii91 before me
fronts under the nr-t pemocraus AhmInlf in
Len pec ,c in In E sSib E Srsnche.
The law Of *" was sufficient under Repgn.can
wenf and dil meet them for the first two and one
h.f years of it's operation During no year ~
f,n bc,ow the expense Of the G,vernment. and
when President Harrison went out Of power: Will
81 tho principal and irieres, OF the national debt
without issuing a single bond for any pnrposs ne
was able 10 turn over to the Administration whlch
succeeded him a surplus OF upward OF s2t'pJwp
Including the gold reserve
THE GOLD RESERVE SEIZED.
This reserve IT had always been the policy OF the
Government 10 preserve as "A sacred trust fuh'
which must ACT be- encroached upon under any
circumstances excepting for the purposes OF It's
creation the redemption OF the greenback and
outstanding Treasury notes. Every Secretary 81 the
Treasury from Secretary Sherman who established
the fund down Mr. Carlisle. the present ncum-
bent Of that high Office had steadily main Iined
this policy Why. I remember once when II was
propnscd bv the Ways and Means Committee Of the
HCtise In the NT.I%th Congress. during Mr. CieVe-
lands first President. 20 use this funi 10
buy OF outstanding Government bonds
Secretary Fairchild Indignantly denounced the prop
osition He declared that 1T would be dishohoraple
and dishonest To use the trust funds Tor thdt pur-
pose" and the Republicans In Congress ana every
where throughout the country. heartily appauiei MS
decision and the proposition was signal!y defeated!
by the House Now. this same sacred fund is seized
upon by Secretary Carlisle without compunciloh
to meet the daily expenses Of the Government. de-
spite the great peril ii constantly Invites upon the
country. -.
Not a single year from the enactment OF tie tarir
OF 1880 up the close of the fiscal year ending June
80 1923 was the revenue Insufficient 10 meet the
current expenditures. For the fiscal year ending
June 80 1881 the revenue exceeded the expenditures
by x27 OUO0j Fol the fiscal year ending June 80,
1882 the revenue exceeded the expenditures by
nearly 100000. and for the fiscal year ending June
80 lSy3--ihe last part Of which was after the cleo
ton OF 1892 with the disturbance 10 business whcn
followed. resulting from the uncertainty or financial
legislation and tariff revsion-the revenue exceeded
the expenditures by G,50O0.
A PARTY OF BROKEN PROMISES