The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1894-03-02
titution and suffering everywhere prevailed,
and there is no certain prospect of any i'm
mediate relief.
NATIONAL FINANCES.

NATIONAL FINANCES.
The treasury is empty. The gold reserve
| for the redemption of the legal tender notes
| has peen largely encroached upon. The
| diminished revenues will not pay the ordin-
ary expenses of the government. The ma
l tional debt has been increased by the issue
of bonds to raise revenues for current ex-
penses. Appropriations for public purposes
are to be decreased. 1t is greatly to be
feared that appropriations for the improve =
! ment of rivers and harbors will be discon-
tinued. The construction of public build
| ings, authorized by law, and the expendi-
ture of money already appropriated, are to
| be postponed. New methods of direct tax
alton are to be adopted to raise revenue
which, under policy which would pro
mote the prosperity of the country, would
be received from customs duties under ex-
| isting laws. Canada is to be doomed at the
expense of the United States. Farming
lands in Canada along our northern border
are to be doubled in value. Canadian
farmers are to be relieved from contributing
to our revenues by payment of duties at
our custom houses on agricultural products,
and the revenue thus lost is to be wrung
from our people by unusual methods of tax
alton. Our factories and mills are to be
kept closed, and our workingmen kept out
of employment, to give work to foreign
laborers
Differ as we may about the causes of this
disastrous change in the condition o. the
country, the fact remains that up to the
time that democratic ascendancy was assur-
ed, under republican administration and a
protective policy, prosperity prevailed; and
with the certainty that the democratic par
ty wonld control the legislative and execu.
tive departments of the governments came
universal bankruptcy, ruin, suffering and
want The measure which is to precipitate
the final catastrophe has been prepared by
the democratic majority OF the ways and
means committee of the house of represen.
tatives, passed through the house under the
whip of party discipline and the influence of
the administration. Whether it will pass
the senate without amendment, or at all,
remains to be seen. If it does not, the credit
will be due to the republican minority.
The bill is sectional and unjust to the north
and its passage will be disastrous to the
whole people, and destructive of all the
great industries of our state. By it the
wool-growing industry is doomed. Our
xvn0l,oroyor cannot nata with free
wool from foreign countries. The lumber
industry will be destroyed by removing the
duties on lumber, proposed by the bill. By
the proposed reduction of the duty ON hops
the profits of hopraising in our state will be
taken away and that growing industry
greatly retarded, if not destroyed. Not.
withstanding the destructive blow which
silver mining has recently received by the
decline in the price of silver bullion, an
other blow is to be dealt that industry by
admit tting lead and lead ore free of duty.
The reduction of the duty upon prunes and
other fruits anil the placing of many varie-
ties of fruit u pom the free list is an unnec-
essary blow to our fruit industry. The
DTOpOSel IGLlONdl VI uuby lTOIl COdl lS d
concession to foreign producers, for which
no class OF our people will reap an adequate
return. The proposition for reciprocity in
agricultural products is a pure gratuity to
Canada, giving her the markets of 7O,00O,-
600 of people for her agricultural products
in exchange for 100000 of people who
will not buy our products, with the excep.
ton of corn, and relieving them from the
payment of millions of dollars annually into
our treasury.
The final and most disastrous effects of
this un American and destructive policy of
the present administration, and of the dem
ocratic party, falls upon the farmers and Ia
borers of the country, although every in.
dustry and all classes suffer. Under the
present democratic administration, the for.
eign policy of the government under the
last administration has been reversed, and a
policy adopted which is humiliating to every
true American. The course of the present
administration concerning Hawaii needs no
commentary. The construction of the Mic
araguan canal by the United States, under
treaty with Nicaragua, was prevented by
the hostility of President Cleveland dur
ing his first administration. Conditions are
now ripe for the United States to secure
control of the enterprise; but, under the
foreign policy of the present administration
nothing is possible of accomplishment
THE JUNE ELECTION.
At the June election in Oregon the first
members of the 54th congress will be
elected. The legislature, which elects my
successor in the senate, is to be chosen.
The election will have great influence
upon the fall elections. Its influence will
be far-reaching Should the Wilson bill, in
it's present or modified form, pass the
senate, the injury it will work to the coun-
try cannot be remed1ed until the republicans
again control the United States senate.
The matter of the next election of United
States senator in Oregon is of far more i'm.
portance than question between iudividu-
ais or even parties. The political complex