The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-09-10

free of charge and unlimited in quantity
for private account.
But vastly more than mere assertion
of a purpose to reconstruct the national
currency is suggested by the Chicago
platform. 1t assumes in fact the form Of
a revolutionary propaganda. It embodies
a menace of national disintegration and
destruction. This spirit manifested itself
in a deliberate proposition TO repudiate
the plsghted public faith, to impair the
sanctity of the obligation of private con-
tracts, to cripple the credit of the nation
by stripping the government of the
POWER TO BORROW MONEY
as the urgent exigencies of the treasury
may require, and in a. word to overthrow
all the foundations of financial and indus
trial stability.
Nor is this all; not content with a
proposition to thus debauch the currency
and to unsettle all conditions of trade
and commerce, the party responsible for
this platform denies the competency OF
the government to protect the lives ana
property OF its citizens against national
disorder and violence. It assails the judi
cial monuments reared by the conStltu-
ton for the derence of the individual
rights and public welfare, and II even
threatens to destroy the integrity and IN
dependence of the supreme court, which
has been considered the last refuge OF the
citizen against every 1orm,oT outrage ana
injustice. In the face OF the serious peril
which these propositions embody, 1t would
seem that there could be but one Sentl-
ment among right-thinking citizens as TO
the duty of the hour. All men Of what
ever party who believe in law, and nave
some regard for the SacrednesS or lndl-
Vidual and institutional rights, must unite
in defence of the endangered interests OF
the nation. While
THE FINANCIAL ISSUE
which has been thus considered and
which has come as the result OF the agi-
tation of recent years, to occupy pecu-
liar conspicuousness, is admttedly Oh PIT
mary Importance, there is another ques-
ton which must command equal ana Sc
rious attention. Our financial ana busl-
ness condition is at this moment one OF
almost Unprecedented depression; our
great Industrial system is seriously para
lived. Production in many tmpor tant
branches of manufacture has altogether
ceased Capital is without remunefdtiVe
employment. Labor is idle. The revenues
OF the government are unable to meet lts
ordinary and necessary expenses. 1neSe
conditions are not the result OF ACCIDENT.
They are the outcome OF the american
economic policy deliberately enacted ana
applied. 1t would not be difficult ana
would not involve any violent dlstuI bahce
OF our existing financial system 10 enact
necessary tariff qualifications along tle
lines of this experience. For the 1lrst Two
fiscal years of the so-called Mckinney
tariff the receipts from customs were
$3.50, so, $50. AT this writing, the Mllson
tariff act has been in force Tor nearly Two
actual and estimated, cannot exceed S5!z,-
441947 A steady deficit constantly oe-
pletino- The resources of the government
and trenching even upon its gold reserve,
has brought about
PUBLIC DISTRUST AND BUSINESS
DISASTER.
II has. too. necessitated the sale of $685.
coo. 600 of bonds, thereby increasing TO that
extent the national debt. 1t Will be re-
membered that in no year of more IMAM
q quarter OF q, century OF continuous
Republican administration since the ClV-l
war. when our Industries were dlsinte-
grated and all the interests of business
were more or less disturbed, was the ma
tional debt increased by single oolldI'
II was on the contrary, steadily ana rap
idlv diminished. In such a CONDITION OF
affairs as this, it is idle to argue against
the necessity of some sort OF a cnaIse
in our fiscal laws. The Democratic party
declares for a remedy by street taxation
lDon a. selected class OF citizens. IL OPP
poses any applica ton of the protective
principle. t cd
i11stment OF the tariff, conceived IN mod
eration and with view TO stablnty, we
NAV secure all needed revenue, ana II de-
ciares that III the event or It's restoTa-
ton to power, it will seek 10 accoInpll;Sn
that result. 1t holds, too, that 1t is the
dDty of the government to protect ana en-
courage in all practicable ways, the de-
velopnent of domestic industries; the ele-
walton of home LABOR ana tlle e4A-dl SeAiieiAI
Of the
PROSPERITY OF THE PEOPLE.
It does not favor any form of legislation
which would lodge in the government the
mower TO do what the people ought 10 40
for themselves but believes that 1t IS both
wise and patriotic to discriminate in favor
Of our own material resources, ana the
under the best attalnaole con-
ditions, of our own capital and our own
skill and industry. The words
Of the Republican national platform on
his subject are at once temperate ana en-
ohatic 1t says Of the policy Of protection:
I'm its reasonable application II IS
list. fair and impartial, equally opposed
10 foreign control and domestic monopoly
10 sectional discrimination and industrial
favoritism.
we demand such an equitable tariff
On foreign imports which come into COM
petition with American products as Will
lot only furnish adequate revenue for |
he necessary expenses of the government (
out will protect American labor from deg !
addition TO the wage level of other lands /
We are not pledged to any particular
schedule.
THE QUESTION OF RATES
s a practical question to be governed
~ the conditions of time and of produc- /
ion. The ruling and uncompromising (
principle is the protection and development
# American labor and industry The !
country
hen it wants rest"
The Republican party in its first success
ul national contest under Abraham Lin
,oln declared in favor of that poilcy OF |
exchanges which secures to the
nottingham living wages, to agriculture /
prices, TO mechanics ana |
an adequate reward for /
heir skill, labor and enterprise, and to
he nation commercial prosperity ana IN
dependence
The principle thus enunciated has never
,een abandoned. In the crisis now upon
Is it must be tenaciously adhered to.
n 1892 by universal consent, we touched
he high water mark of our national pros
,erity; we were under the same financial
ystem that we have today. Gold was
hen
THE SOLE STANDARD,
md silver and paper were freely used
IS the common currency. We had a
ariff framed by Republican hands I'M
Ter the direction of the great states
nan who now logically leads the
ontest for a restoration of the policy
whose reversal brought paralysis TO so
many Of our industries and distress upon
o large a body of our people. We were
nder the policy of reciprocity, formulated
" another Industrious statesman of the
,enuine American type. We may, If we
hoose to do SO, return to the prosperous
onditions which existed before the pres
mt administration came into power.
My sincere conviction is that my coun-
rymen will prove wise enough to under
tand the issues that confront them and
atriotic enough to apply safe and sure
emedies for the evils that Cypress US.
7hey will not, am sure. accept again
t their face value, the promises of a
arty which, under desperate and pervert-
d leadership has so recently dishonored
Is solemn pledges; which has repudiated
he principles and policies which have
iven it
AN HISTORIC PAST,