The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-06-17

power the world over. The policy of
the party has been to make and keep
our currency equal to the best in the
world.
Under the operation of these honest
tariff and honest money Republican
laws, the country grew in wealth and
power beyond precedent. We easily
outstripped all other powers in the
commercial race. On November s,
1892. there was work for every hand
and
BREAD FOR EVERY MOUTH
We had reached high water mark.
Labor received higher wages than ever
and capital was proftably and Sc
curely employed. The national
revenues were sufficient to meet our
obligations and leave a surplus in the
treasury. Foreign and domestic trade
were greater in volume and value
than they had ever been. Foreign bal
ances were largely in our favor.
European gold was flowing toward US.
But all of this is changed. The cause
is not hard to seek. A reaction began
when it was known that the legislative
and executive branches of the govern
m'ent were to be Democratic. The
Democratic party had at Chicago con-
demned the protective tariff principle
as Observation-Disclosures anu SOl6QlniY
pledged itself to the overthrow and
destruction Of the Mckinley law and
to the adoption of free trade as the
policy of the United States This bold
aggressive attack upon the long set
tied policy of the Republican party
bore its natural fruit in shaken con-
fidence, unsettled business; and we
were soon drifting against the
ROCK OF DESTRUCTION.
Before the work of demolition had
actually begun, run was started upon
the treasury reserve which the Re-
publican party had wisely accumulated
for the protection of the government
credit The drain upon the reserve for
the redemption of greenbacl1s and
treasury notes greatly surpassed all
prior experience and emphasized the
discredit into which the Democratic
administration had fallen. An utter
want of confidence in the adninistra-
ton possessed the people.
The Democratic party was harmoni-
Gus upon one subject and that was
the destruction of the Mckinley law
But when they came to the exercise of
the creative faculty, the enactment of
a great revenue measure in it's stead,
there was discord. The imperiled in
terestS of the country watched and
. waited through long and anxious
months for some settlement of the i'm
, portant question. They wanted
AN END OF UNCERTAINTY.
At length, the Wilson bill was adopted,
!, and it was characterized by a Demo-
cratic president as the child of per
. fidy and dishonor." 1t was so bad that
he would not contaminate his hand by
signing it. A bill that was too base
for Mr.. Cleveland to approve is too
rotten IF no
can people.
This important law was wanting in
the primary purpose of revenue
measure, for it failed to provide ade-
quate revenue to meet the require
: ments of the government The de-
ficiency thus far amounts to some one
| hundred and fifty millions of dollars.
The end is not yet, for the deficiency
grows day by day. This leaves the
: treasury and the public credit in con-
7 slant peril. Our foreign credit is inn
| paired and domestic capital feels inse-
t cure.
5 The sectional favoritism of the Will
SON law was one of its marked features.
: BA! BA!
, It's blow at sheep husbandry was
: an objectionable offense; it was a
: haSrant wrong to the farmers of the
. United States. This great industry had
/ developed and grown under Republic
can protective laws until it was one of
: our greatest We are now sending
e abroad millions of dollars for wool
e which were paid to our farmers under
n the Mckinley law.
j. The bill struck down reciprocity, one
l. OF the highest achievements in Ameri-
d can craftsmanship. No measure was
e ever enacted which more directly ad-
o vanced the interests of the American
. farmer and ma NM
e procity. With its destruction fell adj
d vantageous commercial agreements,
# under which their products were surely
: finding larger and profitable foreign
l, markets, and without the surrender
h OF their own.
The substitution of advalorem fou
specific duties has opened the way fol
systematic wholesale frauds upon thu
u treasury and producers and employee.
IL OF the country. By means of under
valuations, foreign goods pass through
the custom houses without paying their
just tribute to the treasury of tn,
United States. Thus we
u HAVE LOST MILLIONS
+" OF dollars in revenue, and the foreign
producer has been enabled to unfairl,
IS possess our home markets
Neither time nor place will permi
n 1uruner reference to the unfortunat
l. nor to the flur%ful, demoralizing effect
y OF 1t. Suffice it to say that it has beer
the great and original factor in break
n ing down confidence, checking pro
is gress, eTnptying the treasury, causins
lie continued deficits and enforced idle
ness among millions Of willing work
le erS.
IL To meet the monthly deficit and pTo
r tect our credit and save the govern
u menf from protest, the president ha
been forced TO sell bonds; in othe
lie words he has been obliged to mortga o
a. the future in time of peace to NEE
the current obligations of the govern
ment ThlS is In sharp contrast wit
m THE REPUBLICAN RECORD,
~ Our tariff laws not only raised revenue
"a but they protected our domestic in
"a dustries; they impartially protected tn
- FARMER and manufacturer both mort;
~ and south. Net only that, but the,
also raised sufficient revenue to gradd1
:. ally reduce the public debt and with
10 out imposing grevious burden upo
q. the. people. During the administra
n ton of Harrison s23s 000. 900 of o5liga
VI tons were paid. while Cleveland dur
~ ing the last three years has added t
AZ our interest bearing debt $262. 600. oO(
Against such Democratic financierin
> the Republican party enters its en-
u, phatic protest.
% Having attempted to reverse tn
d tariff policy of the United States wit
:. such lamentable results, the Demo
u cratic party now proposes to revers
It the currency policy
II 1t turns to the currency as the naren
es of our ills. Its effort to shift the re
q. SnOn 81 hilifU rxyi11