Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1896-06-27

deficiency grows day by day. This
leaves the treasury and public credit In
constant peril. Our foreign credit Is
impaired and domestic capital feels
insecure.
The sectional favoritism of the Will
son was one of it's marked features. rs
blow at sheep husbandry was
an objectionable offense; it was
a fragrant wrong to the farm
ers Of the United States. This
great industry had developed and
grown under republican protective laws
are now sending abroad millions of dol
lars which was paid to American farm
ers under the Mckinley law.
Reciprocity.
The democratic party struck down
reciprocity. No measure was ever en-.
acted which more directly advanced
the interests OF the American farmers
and manufacturers than reciprocity,
With it's destruction fell advantageous
commercial agreements, under which
their products were surely finding larger
and profitable foreign markets, and
without. the surrender Of their own.
The substitution OF ad valorem for
specific duties has opened the way for
systematic wholesale frauds upon the
treasury and producers and employees
of the country. BY means Of under val
u~ations. foreign goods pass through the
customs houses without paying their
Just tribute to the treasury of the Uni
ted States. Thus we have lost millions
of dollars in revenue, and the foreign
producer has been enabled to unfairly
possess our home markets,
Neither time nor place will permit
further reference to the unfortunate
legislation OF the democratic party, nor
to the hurtful, demoralizing effects of
1t Suffice It to say 1t has been the great
original factor In breaking down con-
idence, checking progress. emptying
the treasury, and enforced idleness
among millions of willing workers.
To meet the monthly deficits and
protect Our credit and save the govern
ment from protest. the president has
been forced to sell bonds; in other words
he has been obliged to mortgage the flu
ture in time Of peace to meet the cur
rent obligations of the government.
This is In sharp contrast with the re-
publican record. Our tariff laws not
only raised revenue, but they protected
our people; they protected the farmer
and manufactured in both the north
and south. Not only hat but they par
TALLY raised gradual revenue to pay the
public debt. During the administra-
ton Of Harrison $236, 900, 600 of obliga-
lions were paid. while Cleveland during
the past three years, has added TO our
interest-bearing debt $262, 600, 900.
Against such democratic fnanclering
the republican party enters it's empha-
tic protest.
Having tried TO reverse the tariff pol
Icy Of the United States with such harm
full results, the democratic party now
proposes to reverse the currency policy.
Its effort to shift the responsibility
will deceive no one. It's attack upon
the tariff; It's recor OF incinciency and
insincerlty is a part of the unfortunate
history of the republic.
Republican Fruit.
The present currency system is the
fruit Of republican wisdom. 1t has
been adequate to all our past necessities,
and II uninterrupted will meet our fu-
ture requirements. Our greatest pros
perlty was attained when republican
laws were in full operation. When the
re publican party was in power our cur
renCy was good; ii was made as good as
the best on the globe. We made sound
money; and we also made an honest pro-
tective tariff to go with It. Sound
and an honest protective tariff
20 hand In hand together, not n by
he other.
The very foundation OF a sound cur
'ency system is a solvent treasury. If
he people doubt the integrity Of the
treasury they will question the sound
less of the currency. Recognizing this
,undamental fast the republiean party
When in the last hair century OF our
history did the democratic party ndvo-
cate a financial policy that was in the
best interests of the american people?
look at Its a~nte-bellum currency record.
Consider its hostility to the currencS
rendered necessary by the ~exigency Of
war and later its effort to initiate the
currency In a time Of peace by the issue
Of greenbacks. Witness its opposition
to the efforts Of the republican party to
resume specie payments. But four short
years age it declared for a return to the
old discredited state bank currency.
The republican party has not been un-
friendly to the proper Use Of silver. IT
has always favored and favors today
the use OF silver for a Part Of our circu-
lating medium. But 1t favors that use
under provisions and safeguards that
will not iniperil our national standard.
For Gold Money.
The policy Of the republican party is
to retain both gold and silver as a part
of our circulating medium, while the
policy Of free coinage Of silver leads to
certain silver monometallism. 1t is an
immutable law that two moneys of I'M
equal value will not circulate together
n that the poorer always drives u
the better,
The republican party. desiring fairly
to secure a larger use OF silver, pledges
itself in favor Of international agree
ment. Harrison, + to the pledge Of
the party. took the in~itiItory and in
vited an international conference at
Brussels, at which the subject of an in
t%ernational coinage agreement was ably
and probably discussed. The demo-
cratic party was also committed to in
ternational bimetallism. but when it
came into power tho work which had
been so auspic-ously begun by the re-
publican party vas abandoned. 1t was
so absorbed in its efforts TO break down
the Mckinley law and empty the treas
ury that 1t a no time to promote inter
national bimetallism.
nose VINO profess 10 DpileVe tndt MS
government a independently of the
other great commercial powers open it's
minis to the free and independent coin
age of silver at a ratio Of 16 to l, when
the commercial ratio In all the great
markets is 30 to ], and at the same time
not drive every dollar out of circulation,
but deceive themselves.
Great and splendid and powerful as
government is IL cannot accomplish
the impossible. 1t cannot create value.
1t has not the alchemist's subtle art of
transmitting unlimited silver into gold,
nor can 1t by omnipotent fiat make so
cents worth 100 cents. AS well under
take by a resolution of congress to sus-
pend the law of gravitation as attempt
to compel an unlimited number Of so
cent dollars to circulate with 100 cent
dollars at a parity with each other.
An effort to make dollars Of such UNI
equal value at an equal parity is bad In
morals and policy. Sound thinkers upon
the great question Of the currency knew
from the beginning of the experiment
how miserably and certainly 1t would
fail. The Of h country
would be again thrown upon the sea of
would continue to haunt us for years to
come.
Effects of 10 TO 4.
Upon opening our minis to the ~independ-
free coinage of silver. foreign credits
would be greatly curtailed. More than this
there would be certain and sudden con-
traction of our currency by the expulsion
CURRENCY Would instantly and great
ly depreciate In purchasing power. But
one result would follow this: Enterprise