Middlebury register. (Middlebury, Vt.) 1886-1937, 1896-09-04

before We had, too, a protective tariff,
under which ample revenues were collected
for the government and an accommodating
surplus which was constantly applied to
the payment Of the 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 already have
at work. When money is employed, men
are employed. Both have always been
steadily and remuncrativcly engaged dur
ing all the years of protective tariff legis
lation. When those who have money lack
confldencein the stability of values and in
vestments, they will not part with their
money. business is stagnatcd The life
blood of trade is checked and congested.
We cannot restore public confidence by an
act which would rovolutionize all values or
an act which entails q deficiency in the
public revenues. We cannot inspire CON
fldence by advocating Republication or prac-
ticing dishonesty. We cannot restore CON
fldence either to the treasury or to the peo-
pie without change in our present tariff
legislation.
The Tariff of 1894.
The only measure of q general nature
that affected the treasury and the employ
third congress was the General tariff act,
which did not receive the approval of the
president Whatever virtues may be claim
ed for that act, there is confcssedly one
which it does not possess. 1t lacks the
essential virtue Of IT'S ere tion-thc raising
of revenue sufficient to supply the needs of
the government. 1t has at no time pro-
vided enough rcvenUc for such needs. but
it has caused "a constant deficiency in the
treasury and Il steady depletion in the
earnings of labor and Land 1t has con-
tributcd to swell our national debt moro
than 1862 600, OOO II sum nearly as great as
the debt of the government from Wash
ington TO Lincoln. including all our for
eign wars from the Revolution to the re
bcllion. Since its pHssn-c work at home
has been diminished, prices of agricul-
tural products have fallen, confidence has
been arrested and general business de-
moralization is seen on every hand.
The total receipts under the tariff act of
1894 for the first % months of its enforce
ment from September, 1894, to June, 1896,
We're S557, G15.32S and the expenditures
SG4O 4lS, 1858, or u deficiency of SS2 SOB
O35. The decrease in our exports of Ameri-
can products and manufactures during the
first > months of the present tariff as con
trastcd with the exports of the first Is
months of the tariff OF 1890 was 1920
353 800. Tho excess of exports over inn
ports during the first 10 months of the
/ tariff of 1880 was s2l3.972, Sos, but only
S56 75s, 623 under the first - months of
the tariff of 1894, a loss under the latter of
/ S157,214,345. The net loss in the trade
balance of the United States has been
Sl9G, 9s3, COZ during the first Is months
] nf of rod
with the first 10 months of the tariff of
| 1880
Loss Large and Constant.
The loss has been large, constant and
steady at the rate of $l3 13O, 600 per month,
or $500, coo for every business day of the
/ year.
We have either been sending too much
money out Of the country or getting too
/ little in, or both. We have lost steadily in
! both directions. Our foreign trade has
been diminished, and our domestic trade
/ has suffered incalculable loss Does not
! this suggest the cause of our present de-
| preston and indicate its remedy Conf
dence in homo enterprises has almost
! wholly disappeared Our shops are closed
or running on half time mt reduced wages
and small profit, if not actual loss. Our
men at home are idle, and while they are
/ idle mon abroad nrc Occl1uipd i'm suDulvinc "
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! because those who constitute 1.-THE great
army of American wage earners-are with
out the work and wages they formerly had.
If they cannot earn wages, they cannot buy
products They cannot earn if they have
no employment. and when they do not earn
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