The record-union., 1896-06-30

y
fare of the people. The questions to be
settled in the national contest this year
are serious and as important as any OF
the great Governmental problems that
have confronted us in the past quarter
of century. They command our sober
judgment and free from partisan preJu-
dice and passion, beneficial to ourselves
and betting the honor and the gram
deur of the republic.
"They touch every interest of our
common country. Our industrial su-
premacy, our productive capacity, our
business and commercial prosperity. our
labor and its rewards, our national
credit and currency, and our proud
financial honor and our splendid free
citizenship, the birthright of every
American-are all involved in the i'm
pending campaign. and thus every home
in the land is directly and intimately
connected with their proper settlement.
Great are the issues involved in the
coming election and eager and earnest
the people for their right determination.
Our domestic trade must be won
back, and our idle worlkingmen employ
cd in gainful occupations at American
stored to it's proud rank of first in the
world, and our foreign trade so precipi-
lately cut off by adverse national
legislation reopened on fair and equit-
able terms for our surplus agricultural
and manufacturing products. Protec-
tion and reciprocity, twin measures of
a true American policy, should again
command the earnest encouragement
.~f 1A -lDf ayfn
Public confidence must be restored and
the skill, the energy, and the capital of
our country find ample employment at
h"me, sustained, encouraged, and de-
Tended against the unequal competition
and serious disadvantages with which
they are now contending.
THE Government of the United States
must raise enough money TO meet both
its current expenses and increasing
needs. Its revenues should be so raised
as to protect the material interests of
cur people, with the slightest drain up
Cn their resources and maintain that
high standard of civilization which has
distinguished our country for more than
a century of its existence. The income
Of the Government, l repeat, should
equal its necessary and proper expendi-
tures. a failure to pursue this policy
has compelled the Government to bor-
row money in time of peace to sustain
its credit and pay its daily expenses.
This policy should be reversed and
that, too.as speedily as possible. 1t must
be apparent to all, regardless of past
party ties or affiliations, that it is our
paramount duty to provide adequate
revenue for the expenditures Of the
Government, economically and pru-
IDENTIFY administered. The Republican
party has heretofore done this, and /
confidently believe it will do it in the
future, when rae party is again entrust-
ed with power in the executive and leg
islative branches of our Government.
The national credit which has thus far
resisted every assault upon it must
and will be upheld and strengthened.
Insufficient revenues are provided for the
support of our Government there will be
no necessity for borrowing money and
increasing the public debt. The COM
pIaint Of the people is not against the
administration for borrowing and issu-
ing bonds to preserve the credit of the
country, but against the ruinous policy
which has made this necessary. 1t is
hut an incident and a necessary one to
the policy which has been inaug-
urated. The inevitable effect Of such
a policy is seen in the deficiency of the
United States Treasury, except as it is
repienished by loans and the distress of
the people who are suffering because of
the scant demand for either their labor
or the products of their labor.
Here is the fundamental trouble, the
remedy for which is the Republican OPP
pcrtunity and duty. During all the
years of Republican control following
resumption there was steady reduc-
tion Of the public debt, while the gold
reserve was sacredly maintained and
our currency and credit preserved with
cut depreciation, taint or suspicion. If
we would restore this policy that
brought us unexampled prosperity for
more than thirty years under the most
trying conditions ever known in this
country, the policy by which we made
and bought more goods at home and
sold more abroad, the trade balance
would be quickly turned in our favor,
and gold would come to us, and not go
from US, in the settlement of all such
balances in the future. The party that
supplied by legislation the tast reve-
nues for the conduct of our greatest war
and promptly restored the credit of the
country at its close, and that from its
abundant revenues paid off a large
share of the debt incurred in this war
and that resumed specie payments, and
placed our paper currency upon a sound
and enduring basis, can be safely trust
ed to preserve both our credit and cur
rency with honor, stability and inviola-
bility
The American people hold the finan-
cial honor of our Government as sacred
as our flag. and can be relied upon to
guard it with the same sleepless vigi-
lance. They hold it's preservation above
party fealty, and have often demon
strated that party ties avail nothing
when the spotless credit of our country
is threatened. The money of the
United States and every kind or form
| Of it, whether Of paper, silver or gold,
must be as good as the best in the
world i must not only be current at its
| full face value at home but it must be
counted at par in every commercial
| center Of the globe
The sagacious and far-seeing policy
| Of the great men who founded our
Government, the teachings and acts of
the wisest financiers at every stage in
cur history, the steadfast faith and
| splendid achievements of the great
party to which we belong, and the
genius and ternerity of our people. have
| always demanded this and Will ever
maintain it. The dollar paid to the farm
er, the wage-carne and the pensioner
must continue forever equal in pur-
| chasing and debt-paying power to the
| dollar paid to any Government creditor
The contest this year will not be
! Maged mpon ties of theory q nd sneclIla :