The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-12-26
SEATTLE. THURSDAY, DEC. go.
gEyESrE's THE THING.

II Il possible that the president may
again enter into negotiations with thee
bond syndicate for the securing Of more
god Tor the reserve without waiting 70 see
what definite steps congress may take for
tie relief Of the present treasury ernbar-
Easements. Ills decision TO DO this. how
ever, should not for moment turn the
house Of representatives from their already
avowed purpose o. going 70 the root Of the
trouble and remedylns the difficulty By
providing more revenue for the govern
ment o
with 10 necessity for paying gold 70 Eu-
rope for merchandise purchased. less VIII
Dc shipped abroad. and with general ps-
yiyaI which has invariably followed the
enactmsnt Of dlstinctively protective
Law, gold which Is in hiding VIII come
forth into circulation. In any event. the
proceeds from the sale OF bonds VIII be NO
longer necessary to meet current runniss
expenses Revenue il what the govern
ment needs. and invariably IN the past
Republican revenue laws framed accord
ing 10 protective ideas have been revenue
producers. The present revenue theory -
not satisfactory, for II has resulted ia the
revenues failing Of, and monthly deficit
taking the place Of a surplus. The friends
OF the WIlson-G0rman tariff law claim
that It will provide an abundance for run
ming the government. but time has shown
this claim 70 be Enthusiastically. and IL is
better 10 rely on a scheme which expert
ence has demonstrated will not fall, rather
than on one which thus far has been
total failure.
Under the new tariff law receipts from
customs have fallen from 81, 65s go IN July
10 Is sss, SO in November. During the frst
fifteen months In which the Democratic
tariff Was in operation the total receipts
were s57S. 7Ss. CAS-. of which internal revenHe
produced sia2, i7dss4. customs s2o.Tz ,7ss and
miscellaneous sources 80, gDs.4 9G. while the
aggregate expenditures were -{ia,2so, Gs2.
having a deficit OF t7o.4S.oii. The re-
eelpts under the Republican law for the
FIRST fifteen months aggregated si5l.2%, zm;
for the second fifteen months. S4ss ,0ol, 07s'
for the last fifteen months they were $780,,
ssl so. and at a time when importers knew
a change was coming. and postponed buy
ing abroad until lower duties should pre-
val. The rev Democratic tariff, which
was avowedly constructed for the beneft
OF farmers and wage-earners, has brought
about double the lmpoFtauons Of food pro-
ducts that were imported IN the last year
OF the Republican law. anf the enormous
importatlons Of foreign manufactures
competing with our own manufacturers
have. even at the lower duty. impaired the
revenues. seriously affected manufacturers
Of certain kinds OF woolen goods and driy-
en- thousands OF workmen out Of employ
ment.
The fact OF the matter S. that this tar't
for revenue only policy has been disas-
trous. Instead Of tariff FOR revenue only
IL has been tariff for deficits only. AMI
besides proving extremely embarrassing
60 the government. Il has upset all sorts
OF trade and business throughout the on-
tire country. A change IN tho system -
imperatlvely demanded. Tor few more
years OF tho present Democrats admlpis-
tration would leave the treasury just az
the last Democratic administration IN 1861
left it--empty. Congress should give All
reasonable assistance TO Mr. Cleveland IN
maintaining our financial Integrity, but IN
ns loyalty 20 him Il should not be- sweryed
from the purpose az applying GlG oBly
remedies which in the case OF the present
financial Ills viii prove ohicacious.