The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-10-17

for Free Raw Materials.
LINCOLN. Ill. Oc, 1O-In point of
numbers tae dem1ns-rltion of the dem
ocracy Of Logan county here today, in
honor of Viee-prasideut Stevenson, was
q keen disappointment. The day was
raw and chilly a high wind setting in
early, and growing more violent as the
day progressed. The vice-president spent
The night here as the guest of friends
He was escorted to the hotel at 10 a. M.
and he'd reception until y o'clock
The outdoor meeting. which had been ar
ranged upon a large and complimentary
scaIe, was abandoned at noon, and a hail
resorted 10. The city was prJfusely dec
GRATED with flags. banners and bunting
The viee-prcsident was introduced at ?
O'Clock Icy DR.. Ambrose II. Miller. Gov
ernor Altgelds main manager.
In his speech Mr. Stevenson said:
"It must not be forgotten that at the
clOSe of Pres. % INT CleVel3nd's first term
on Jha 4th of March, 1889, the republicans
came into power the beneticiaries of four
years Of WISE ard econ 1n.cal admin.strl-
ton 0f tn glyeram NJ. Business cOndi-
tIOn=s were f3EorabIe, the country was
prosperous. and tie annual revenues were
little less than enc hundred million dol
lars I'm eXcss 1f It's expenditures. The
question, IS You VII rem -mber, then was:
What shall We d. with the surplus"
All this was the result Of The able and
economical policy and methods of Presl-
dent Cleveland and his political associates
IN cabinet and congress. Four years later,
when tIe republicans retired from place
and power, they left no such Vexltious
question as What shall be done with the
surplus t. torment the incoming demo-
cratic administration. Had the republican
administration continued q month LONGER
the necessity for issuing bonds in order
10 meet the current expenses Of the gov
ernment would have been imperat tive.
Thsre could have been no possible escape
from il. As il WAS. the evil day was only
tded over b. p9stp1ning the payment of
m4tured governmental obligations. The
present chairman IF the committee Of
ways and means Of the house of repre-
sentatiVes has publicly mlds the state
ment that the last republican secretary
Of the treasury stated = that committee
just prior II the close Of the Harrison ad-
mnistratiJn that additional income Of $50.
100000 a year was necessity.
a Marked Contrast.
II beg you to mark the contrast. The
republican party at the Inauguration Of
President Harrison was the heir to all
that Cleveland ana his party had achieved
during four years Of successful admins
tration. As i have said. they found busi-
ness conditions everywhere favorable, the
treasury 0veTalw'ng. the country pros
porous. Four years later. on the 4th Of
March. 1898. the republican administration
retired from power, leaving a depleted
treasury, governmental Obligations undis-
chIrged, and the country upon the verge
of bankruptcy.
the aL-imp5rtans question now arises.
what was the cause Of this? Why sur
p-us revenues ana business prosperity at
the close OF the dem 2cratc administration,
and a bankrupt treasury and the country
Staggering upon the verge of financial
ruin four years .a-er. when the Harrison
administration retired from power? 1t
was. my fesoW-CitiZens, the logical. the
inevitable result Of the enactment Of the
Mckinley tariff law, a law that will take
place in history as the crOWnng act Of
the bilion-doIar-congress, both branches
Of which. you know, were under re-
publican control. The Mckinley law in
creased tariff taxes upon the necessaries
OF life 70 a point far beyond the highest
rate hitherto known 10 our history. In its
effect upon foreign imp0rtauOns. It was.
70 give the market ~ the home manu-
facturer and allow him. at his own sweet
viii, 20 increase 20 the consumer. the cost
OF al the necess aries Of life. How was
this 70 be accomplished? Simply by 50
increasing mo tariff tax as in many in
stances to absolutely prevent foreign COM
petition. But This was not al. The Nc
Kinley law not only largely increased to
the consumer the cost OF al articles that
enter into daily consumption but II de-
pTived the government Of its accustomed
ACKNOWLEDGEMENTS absolutely necessary TO
meet the daily ard hourly expenses Of the
government The imDOrt71ions being cut
off. Of necessity, the revenues were cut Off
II Is 70 be wondered. then. that under
the operation or the Mckinley law, the
surplus left by the Cleveland adminlstra-
ton disappeared and a deficit threatened
our national treasury? Thus. as you Will
see. the Inevitable effect Of the Mckinley
law was, first to increase to the pur-
chaser the cost OF his goods, and in the
second pace, to deprive the government
Of revenues absolutely necessary to meet
It's current expenses.
Now, my felow-citizens, IL is not diff
ficult 10 understand why It was that the
heritage Of the second administration OF
President Cleveland from its republican
predecessor was a depleted treasury 1t
must not be forgotten, that one provision
Of the Mckinley law required the annual
payment OF a bounty 10 the sugar planters
Tor long term OF years. This bounty
exceeded in its aggregate for the last
fiscal year the enormous sum Of S12, 600, 900.
The enomity Of this legislation 1 will not
now discuss. 1t has at the ballot box re-
celved me unnIstakabie condemnation OF
the American people.
I have now, given in hurried review,
something or the conditions that con-
fronted the incoming democratic admin
istation on the 4th Of March. 1893. and Of
the ili-advised legislation that brought TO
this sad condition the treasury and coun-
try. You cannot have forgotten how earn
estly President Cleveland and his political
associates addressed themselves 10 the task
OF making good their promises to reduce
taxation. nor can you have forgotten the
unfortunate conditions prevailing at the
cd
Business was paralyzsd, the work shops
were closed. the great army OF wage
earners Ia enforced idleness. and poverty
and want the common lot. II is no figure
Of speech to say that. literally. men were
begging their brothers of the earth TO
give them leave TO toll -
The speaker reviewed the conditions