The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1896-06-17

I the Mckinley law. The bill struck
down reciprocity. one OF the highest
achievements In American statesman
ship. No measure was ever enacted
which more directly advanced the in
terests OF the American farmer and
manufacturers than reciprocity. With
It's destruction fell advantageous COM
mercial agreements. under which their
products were surely finding larger and
profitable foreign markets, and without
the surrender OF their own. The sub
stitution OF ad valorem for specific du-
ties has opened the way for systematis
wholesale frauds upon the treasury
and producers and employees Of the
country, BY means OF under valua-
tions, foreign goods pass through the
custom houses without paying thsiP
just tribute to the treasury OF the
United States. Thus we have lost mil
lions OF dollars in revenue and the for
eign producer has been enabled to un-
fairly possess our home markets.
Neither time nor place win permit
further reference 10 the unfortunate
legislation OF the democratic party nor
to the hurtfuL demorallzing effects OF
IL. Suffice 1t to say that II has been
the great and original factor in break
ing down confidence. checking pro-
gress, emptying the treasury; It has
caused continued deficits and enforced
idleness among millions OF willing
workers. To meet the monthly deficit
and protect our credit and save the
government from protest. the president
has been forced to sell bonds: In other
words he has been obliged to mort
gage the future In time OF peace to
meet the current obligations OF the
government.
This Is In sharp contrast with the
republican record. Our tariff laws not
only raised revenue. but they protected
our domestic industries; they impair
TALLY protected the farmer and manu-
facturer. both north and south. Not
only that. but they also raised SUM-
cient revenue TO gradually reduce the
public debt and without imposing a
grievous burden upon the people. Dur
ing the administration OF Harrison
s236 900 OF obligations were paid.
while Cleveland. during the last three
years, has added to our interest-bear-
ing debt 100000. Against such
democratic financiering the republican
party enters It's emphatic protest.
Having attempted TO reverse the tarif
policy OF the United States with such
lamentable results, the democratic par
y
rency policy. II turns TO the currency
as the parent OF our Ills. Its effort To
shift the responsibility will deceive no
one. It's attack upon the tariff. Its re-
covery OF inefliclency and inslncerlty Is
part of the unfortunate history Of
the republic.
"The present currency system Is the
fruit OF republican wisdom. II has
been adequate to all our past necessi-
ties and II uncorrupted Will meet our
future requirements. Our greatest
prosperity was attained when repub-
lican currency laws were In full oper-
alton. When the republican party was
In power our currency was good: Il
was made as good as the best on the
globe. We made sound money: and we
also made an honest protective tariff
to 70 with II. Sound money and an
honest protective tariff 60 hand in
hand together, not one before the
other. The very foundation Of q sound
currency system IL n solvent treasury.
II the people doubt the integrity Of the
treasury they win question the sound
ness OF the currency. Recognising this
fundamental fact the republican party
always provided ample revenue for the
treasury.
when in the last half century Of our
history did the democratic party advo-
cate n financial policy that was In the
best interests OF the American peoplet
Look at the ante-bellum currency REQ.
ord: consider It's hostility to the cur
rency rendered necessary by the sxi-
gency OF war; and. later. its efforts to
initiate the currency In time OF peace
by the issue OF greenbacks Witness
Its opposition to the efforts OF the re-
publican party to resume specie pay.
ak
, declared for return TO the old dis
credited state bank currency. The re-
publican party has not been unfriendly
, TO the proper use OF silver. II has al
ways favored and favors to-day the
use OF silver as a part Of our circulate
ing medium. But IL favors that use
, under such provisions and safeguards
, as shall not imperil our present ma
I tlonal standard. The policy of the re-
publican party Is to retain both gold
and silver as a part OF our circulating
medium, while the policy OF free coin :
, age of silver leads TO certain silver
: monometallism. II Is an immutable
, law that two moneys OF unequal value
will not circulate together and that the
, poorer always drives out the better.
"The republican party. desiring fair
? ly TO secure larger use OF silver,
, pledged Itself In favor OF An interna-
tlonai agreement Harrison. true 70
( the pledge OF the party, took the In
, itiatory steps and invited an interna-
tlonal monetary conference at Brus-
, sells, at which the subject Of an inter-
national coinage agreement was ably
: and prontably discussed. The demo-
cratic party was also committed to in
: ternational bimetallism, but when II
) came into power the work which had
. been so auspiciously begun by the re-
2 publican party was abandoned. Ii was
so absorbed in It's efforts TO break down
; the Mckinley law and empty the treas
: ury that it had no time to promote In
ternational bimetalllsm.
5 Those who profess to believe thai
= this government can, Independently Of
the other governments and commercial
4 powers, open Its riints to the free and
: independent coinage OF silver AT ratio
E OF 1e to l, when the commercial ratio
5 In all the great markets Is 80 TO I and
E at the same time not drive every dollar
5 OF gold out OF circulation. but deceive
e themselves. Great and splendid and
e powerful as our government Is. It can
' not accomplish the impossible. II can
E not create values. IL has not the al
0 chemists subtle art Of transmitting
e unlimited silver into gold, nor can IL
e by ornnipotent 1at. make 50 cent?
e worth a hundred cents. AS wen under