The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1896-08-27
MAC SAYS He
WILL TAKE IT.
Econcluded from Second Page.l

payment Of public debt Let us hold
fast to that which we know is good
1t is not more money we want. What
we want is to put the money we al
ready have to work. When money is
employed. men are employed. Both
have always been steadily and remun-
eratively engaged during all the years
of protective tariff legislation. When
those who have money lack confidence
in the stability of values and in invest
ments. they viii not part with their
money. Business is stagnated-the life
blood Of trade is checked and con-
gested.
We cannot restore public confidence
by an act which would revolutionize
all statutes or an act which entails
deficiency in the public revenues. We
cannot inspire confidence by adVocat-
ing reputation or practicing dishon-
esty. We cannot restore confidence,
either to the treasury or to the people,
without a change in our present tariff
legislation.
THE TARIFF OF 1894.
The only measure Of a general ma
ture that affected the treasury and the
employment Of our people passed by
the 53d congress, was the general tar
if act, which did not receive the ap-
prevail of the president
Whatever virtues may be claimed
for that act, there is confessedIy one
which it does not possess. 1t lacks the
essential virtue Gifts creation--the rails
ing of revenues sufficient to supply the
A4Ge0S O1 the government. 1t mas at
time provided enough revenue for such
needs, but it has caused a constant de-
nc1ency in the treasury and a steady
depletion in the earnings of labor and
la'ad. It has contributed to swell our
national debt more than S262, 000, coo, a
sum nearly as great as the debt of the
govern ment from Washington to Lin
coin. including all our foreign wars
from the revolution to the rebellion
Since its passage, work at home has
been diminished; prices of agricultural
products have fallen; confidence has
been arrested, and general business
generalization is seen on every hand.
The total receipts under the tariff
act of 1894 for the first TWENTY-FIVE
months of its enforcemert from SEN
TENDER. 1894, to June. 1895, We're $557
615,32S. and the expenditures $780, lS-
363. or deficiency of s82. 500 OBS. The
decrease in our exports of American
products and manufactures during the
first fifteen months Of the present tar
if as contrasted with the exports of
the first fifteen months of the tariff of
1890 was 1920, 1853, 800 The excess of ex-
ports over imports during the first if
teen months of the tariff of 1890 was
$213, 972 9eS, but only S56. 758. 6S3 under
the first fifteen months Of the tariff of
1894, a loss under the latter of $751;, PA
345. The net loss in the trade balance 1
of the United States has been 1856, 9S3.-
601 during the first fifteen months OPP
GRAFTON of the tariff of 1894, as compar-
ed with the first fifteen months of the
tariff of 1890. The loss has been large. |
SIS, 100 600 per month or $4,000 600 for ev-
cry busin esS day of the year
LOSING IN BOTH DIRECTIONS.
We have either been sending too !
much money out of the country or get !
ting too little in, or both. We have lost !
steadily in both directions Our for !
eign trade has been diminished and our |
domestic trade has suffered incalcula- |
bic loss. Does not this suggest the |
cause of our present depression and in /
dictate it's remedy2
EN0n f1dnT7Ca hoa
almost wholly disappeared. Our shops |
are closed or running on half time at |
reduced wages and small profit. if not |
actual loss. Our men at home are idle /
and while they are idle men abroad /
are occupied in supplying US with |
goods.
Our unrivalled home market for the |
farmer has also greatly suffered be- |
cause those who constitute 1.-THE great /
army of American wage earners-are
without the work and wages they /
wages they cannot buy products. They |
cannot earn if they have no employ
ment, and when they do not earn the
farmers home market is Fessened and
impaired the loss is felt by both pro-
Queer and consumer.
The loss of earning power alone in
this country the past three years is
sufficient to have produced our unfOr-
tunate business situation. If our la
Dor was well employed and employed
at as remuneratiVe wages as In 1892, in
would feel the glad change in the in
creased demand for his products and in
the better prices which he would re-
ceive.
1t is not an increase in the volume of
money which is the need of the time.
but an increase i9 the volume of BUSH
ness Not an increase of coin, but an
increase of confidence. Not more coin
age, but a more active use Of the mon
ey coined. Not open minis for the I'M
limited coinage of the silver of the
world but omen mills for the full and |
The employment of our minis
for the coinage of the silver of the
world would not bring the necessaries
and comforts of life back to our peo-
pie. This will only come with the en-
p1oyment of the masses and such en-
plOyment is certain to follow the re-
establishment of wise protective pol
icy, which shall encourage manufac-
turing at home.