The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1895-10-04


Kinlcy AT Springfield. O.. are not en-
couraging Not . word was said 10y
either Of them marking ont a construe.
tive policy 10 meet the exigeucies 81
the times. As of the democracy OF old.
their whole stock in trade consists of
dcnunciation of the other fellows.
without a hint Of what they would do
10 remedy a situation due, more than
70 ANYTHING else. to their own enact
ments When Mckinley said the tariff
must be- and is the issue. the wish was
wholly responsible for the thought.
which has no other foundation What
about the ovcrshaiowing financial
question and the preservation of the
gold value standard and the integrity
Of the currency? Hardly word be-
yosi damning the administration for
its efforts put forth TO rescue the ma
ton from the most critical financial
position il has ever been in.
Gov. Mckinley did touch upon the
need Of more revenue. which l. mat
ter to he emphasized But he would
simply make il an excuse for advancing
not the revenue duties, but the So
called protective duties. which are de-
signed TO check and not increase duty
paying importations He repeated the
familiar claim that at no time from
the passage of the republican tariff
law Of 1890 down to the close OF frcsi-
dent Harrlsoa's administration did that
law fail to raise all the revenue needed
10 meet every expense Of the general
government, anG during nopart of that
IL 4 fnlI k.~.I.
SlOo 900. 600"
What are the facts about this? The
Mckinley tariff did not 20 into full
effect until April. 1891. when the du-
ties were removed from rev sugar.
The secretary of the treasury had
meantime paid of years interest on
the funded debt in advance. and things
were all cleared up for two years OF
generous existence for the treasury.
TIE results can be seen from this COM
parison OF the net cash balance Al!
funded debt as they stood On April ].
iSgi. and March /. 1898. when the liar
rison regime ended:
Total cash balance. Arr.i. isQi... 81, s-s 81
Eun-ed debt April. !. lssi --......-.. ols ,izJu.
Tosa! cash balance. March 1893 si2i i-~.O>'
FUNDED b,. March /. issS----..---- 5-7Ossu)0
The treasury in this time had lest
s34. a9-. OO) in net cash and reduced the
deb. bat SIS, ,001 The Mckinley
act had failed by 50 much At least. 10
provide the necessary revenue. The
gold reserve had meantime fallen from
nearly Si50.0O0.O90 10 Sl05.2lo.Ool 50
RAPIDLY was the govern snent beginning
10 run behind that Secretary Foster,
III his report OF December. ls9.. said
that the revenues should be 50 in
creased as 10 enabl, the treasury de-
partnent u maintain n gold reserve OF
notle than Sl25, 0J1,o ol' II. rs Coz.
Mckinley now says. the Mckinley
tariff act yielded sufficient revenue.
why. after two years was more rev.
enue needed 10 keep up gold reserve
TO sl2j. o0O. 900 wheo the act started out
with q reserve nearly $4,000. 900 larger
than that?
Y But il will be said that the demo
cratic victory in November. l-y2.
caused inportations and revenue 70
fall of because of an anticipated re-
duction OF the tariff What are the
facts here? The revenue from Gus
toms after Mr.. Cleveland's election in
is94 we're larger than they had been
in the corresponding months OF the
previous vear-that great and prosper
Gus repu blican year of is0l-a. when the
prospect of democratic victory had
not come into being in the mind OF
ANYBODY In November. 1892. for ex-
ample. customs receipts aggregated
sia. zoo, 600 agains. Sie,600,oo0 in the
previous year: in December. slT.2o0.-
600. against ETA. 10000; from January
! to March /, with democratic presi-
dent and congress preparing 70 take
their seats. s3-. coo. 600. against S3f,-
loo. 600 in the same time the year be-
fore.
And yet the treasury was al this
time running behind. and Secretary
Foster had given en- order to the bu-
reau Of engraving and printing to pre-
pare plates for 4 new issue OF bonds
Gov McIlinley's sincerity in asserting
that al no time Gid his tariff law fail
TO yield all needed revenue does not
shine forth very brilliantly in the face
of these disagrceable facts And alb
he can suggest by way OF remedy for
our present difficulties is restoration
Of his eficit-Drecding and dc bt-increas-
ing tariff.
II is just as well 70 keep these facts
of recent political history in view.
The people want II see fair play.
They are not greatly impressed jus'
now with democratic capacity in gov
eminent. but they will not applaud
this solemn-faced stone-throwing from
republican party leaders daubcd al
over with a record of financiering reck
less and dcmagogic beyond anything
known TO the nation in years Spring
field (Mass.) Republican.
Men are wanted. The activity !
! the iron trade makes it necessary :
employ all available men, To IRE
. trader this situation is PARTICULAR
. satisfactory. Brisk trade and stead
; employment at good wages OF all CAT
a able workmen is just what the fire.
: trader considers an excellent industris
!. condition. This condition has followe
Q n reduction Of the tariff on iron an
= steel goods from thirty to thirty-fy
m ~s Men - thu hi,b v,rofa ~ iot