The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1894-08-28
STATE FINANCES.
Gov. Cleayes Shows That They Are In
Excellent Condition.
State Debt Being Rapidly Paid; and Taxa

l StdtG DcUb DciuS AsHPAAAJ dlu- ana laX1-
tion Reduced
Especial to the Press.l
| North Anson, August 81 The Re-
| publican campaign in Somerset
comfy was opened here tonight by Gov
ernor Cleaves, who, with Hon. E. N.
Merrill of Skowhegan, addressed a
large and enthusiastic audience. The
Governor in commencing his address
spoke of the loyalty of the Republicans
of Somerset to their party and Of her
people to State. He said the questions
at issue in this campaign affected the
welfare of every home, of every industry
and of every citizen throughout the en-
| tire borders of the State of Maine We
live in manufacturing, an agricultural
and commercial State. You cannot pur-
sue policy of legislation that will in
| jure one industry without causing an in
| furious effect upon others. These great
| industries combine to build up our
towns and cities, they furnish employ
ment to labor, they induce enterprise
and give prosperity at home. Our
present advantages as State are equal
to almost any State in the American
| Union. With wise guarding our indus
| tries, our future growth is assured.
While you are com bining your energies
| and using your efforts to encourage in
dustrial growth and to build up and ad-
vance great American interests that give
| employment to labor, the gentlemen who
now have the distinction of controlling
the Democratic party in Congress, are
bringing depression upon the great busi-
| ness interests of the ountry, and deprig-
ing labor of employment in their at
temps to undermine the great principles
OF protection, upon which the prosperity
ct our people has rested for thirty years.
heir attempt to carry out the policy
they have. inaugurabed has had it's dis-.
astrous and baneful effects; and they
have already impoverished many of the
great industries of the country,
In their last campaign they expressed
great sympathy for the farming in6er-
ests of the country, hut Democratic.
Congress has taken almost every article
the farmers of Maine produce, and
either taken the duty entirely off or so
greatly reduced it that his products
must hereafter be put into competition
with the products of foreign countries
And when you strike down the great
barrier of protection that now sur
rounds the products of the great agri
cultural interests Of the State Of Maine,
it's disastrous effects will Z be felt
throughout the entire State.
Even their present tariff act, with it's
six hundred Senate amendments,
amounts to practical surrender of the,
American market to the products of for
eiegn labor, to the pre- judice of our own
people. The farming and agricultural
interests of Maine must be sacrificed in
order that they may grant special privi-
leges to the great sugar trust, the lead
trust and the coal and iron trusts.
Their policy of legislation has brought
upon the people financial distress and
mills; it has checked public improve
ments; it has depressed the agricultural
interests; and today the highways of
trade are strewn with wrecks of bust
ness enterprises and labor throughout
the country is out of employment. The
principles of free traaei as taught by
Calhoun and Dagis sul kprevail in the
South; and the SeuehsisS Ssin control of
the Democratic party, and the Demo-
cratic party is in control of the Congress
of the United States, and they are seek
ing to fasten this b!ightfng policy upon
the Industrial progress of New Enlgand
and of the North.
The Governor continued in the discus
sion of the present policy of the Demo-
tian upon the industries of the country.
He said the Republican party had. re-.
sisted the theory of free trade, for more
than a quarter of a century, and just so
long as our party exists it will never
consent to put the producing and
laboring people of A merica into imme-
date competition with the poorly paid
la Dor of other countries. The Demo-
cratic policy of tariff reform permits
this; the Republican policy of protec-
tion will prevent it.
The Governor then alluded to the ex-
cellent financial condition of the State
of Maine. While a Democratic national
administration has increased the pub
lie debt of the government in single
year more than eighty million dollars,
while they had reduced the gold reserve
in the treasury to the lowest amount
ever known since it's establishment,
while they had run the government in
debt more. than fifty million by the issus
of five per cent. bonds, the State of
Maine is meeting all of it's liabilities
from it's ordinary receipts, and paying
Its outstanding debts.
The Democratic party in Maine has no
words of condemnation for the extrava-
CANT course of a Democratic Congress,
but they re family making their BIZ
ennlal charges MS to the States expendi-
lures and finances. l invite them to ex-
anime Jhe financial condition of
the State of Maine. The taxpayers of
our State are interested in the question
of taxation; ;sand with their cooperation
shall steadily continue to reduce the
State tax. The people of Maine believe,
that sound business principles require
that our State expenditures shall not ex-
ceed our income. And our Democratic
friends will observe that we are follow
ing this wise policy, and at the same
time paying our debts. They will OBJ
servest that since the first DAY of January,
1853, in addition to meeting all liabili-
ties, we have paid two hundred and
twenty-five thousand dollars on the 5em-
porary loan. of the State; we have
paid fifty thousand dollars of the
bonded Indebtedness; and there is
only balance of seventy five thous-
and dollars due on the temporary
loan, which will be paid from the
ordinary receipts of the State in October
next, retiring wholly and permanently
the entire floating indebtedess of the
State. We shall, the present year, pay
the further sum of fifty thousand dollars
on our bonded indebtednsss, making
total reduction in the State debt for the
years 1898 and 1894, of four hundred
Thousand dollars. And on the first day
of January next, as nearly as can be es-