The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-08-27
PROTECTION.
LabOrcrs, Artisans. Farmers and All
Classes Need It's Benefits.

Classes Need It's BenentS.
Another issue of supreme importance is
that of protection. The peril of free sill
yer is a menace to be feared; we are al
ready experiencing the effect Of partial free
trade. The one must be averted the other
corrected. The Republican party is welded
10 the doctrine of protection and was never
more earnest In its support and advocacy
than now. If argument were needed to
strengthen its devotion to the American
system or increase the hold of that system
upon the party and people, it IL found in
the lesson and experience Of the past three
years. Men realize in their own daily lives
what before was to many of them only re-
port. history or tradition. They have had
a trial of both systems and know what
each has done for them.
Washington. in his farewell address,
Sept II. 1896. a hundred years ago. said
''As a very important source Of strength
and security, cherish public credit. One
method of preserving it is to use it as spar
ingly as possible; avoiding the accumua-
ton of debt, not only by stunning oc-
casions of expense, but by vigorous exer
tons in time of peace to discharge the
debts which unavoidable wars may have
occasioned, not ungenerOuSly throwing
upon posterity the burden which we our
selves ought TO bear To facilitate the en-
forcement of the maxims which he an
nounced he declared: 1t is essential that
you should particularly bear in mind. that
towards the payment of debts there must
be revenue; that to have revenue there
must ba taxes: that no taxes can be de-
vised which are not more or less inccnven-
lent or unpleasant; that the intrinsic en-
barrassment inseparable from the selection
or the proper objects (Which is always a
choice of difficulties) ought TO be a decisive
motive for candid construction of the
conduct of the government in making IL.
and for spirit of acquiescence In the
measures for obtaining revenue which the
pubic eXigenc1es may at any time dictate
Animated by like sentiments the people
Of the country must now face the condi-
lions which best them. The public exigen-
cies demand prompt protective legislation
which Will avoid the accumulation of fur
ther debt by providing adequate revenues
for the expenses of the government This
is manifestly the requirement of duty. II
elected President of the United States II
will be my aim TO vigorously prornote this
object and give that ample encouragement
to the occupations of the American people
which. above all else, is so impera lively
demanded at this juncture of our national
affairs.
HARRISON'S LAST MESSAGE.
In December, 1892 President Harrison
sent his last message to Congress. 1t was
an able and exhaustive review of the con.
dition and resources of the country. II
stated our situation so accurately that
am sure ii will not be amiss to recite hi:
Official and valuable testimony There
never has been time in history saic
ne when work was so abundant or whef
wages were so high. whether measured b,
the currency in which they are paid or b,
their power to supply the necessaries ant
comforts of life. The general average o.
prices has been such as to give to agricul
ture fair participation in the general pros
perity. The new industrial plants estab
iished since Oct. 6, 1890. and UP to Oct %
1892 number 345. and the extension of ex
listing plants los. The new capital inyeste,
amounts to si0,446,O60 and the number o.
additional employees 81. .2S5. During the frs
six months of the present calendar veal
1S5 new factories were built. of which fort,
We're cotton mills. forty-eight knitting
mills, twenty-Six woolen mills, fifteen sill
mills, four plush mills and two linen mills
OF the forty cotton mills twenty-one hav,
been built in the Southern States
This fairly describes the happy condi
ton of the country in December. 1892
What has IL been since and what is /
now? The messages of President Cleve
land from the beginning of his second ad
ministration to the present time. abounC
with descriptions of the deplorable indus
trial and financial situation of the country
ment is required TO advise us of the pres
ent condition, and that which has pre-
vailed during the past three years. / ven
ture TO quote from President Cleveland
first message, Aug. 3, 1888. addressed to tn.
Fifty-third Congress. which he had calles
| together in extraordinary session.
." The existence of an alarming and ex
| traordinary business situation said he
| involving the welfare and prosperity Of al
| our people, has constrained TO call to
| gether in extra session the peoples repre-
| sontatiyes In Congress, TO the end that
| through the wise and patriotic exercise O
| the legislative duties with which they sole
| ly are charged, the present evils may b,
mitgated and dangers threatening the fu
ture may be averted. Our unfortunat.
| financial plight is not the result of un
! toward events, nor of conditions related I,
| our natural resources. Nor is IL traceab abl,
/ to any of the affiictions which frequentl,
| check natural growth ana prosperity. Witt
! plenteous crops. with abundant promise O
/ remunerative production and manufacture
/ with unusual invitation to safe investmen
and with satisfactory assurances TO Dusi
ness enterprises, suddenly financial dis
4 trust and fear have sprung up on ever,
| side. Numerous moneyed institutions hay
| Suspended because abundant assets wer
! not Immediately available TO meet the de
mand of frightened depositors. Survivinj
| corporations and individuals are content 4
l keep in hand the money they are usual,
! anxious TO loan, and those engaged ii
/ legitimate business are surprised 10 fin,
that the securities they offer for loans
though heretofore satisfactory. are N
! longer accepted. Values supposed to b