The Caucasian. (Clinton, N.C.) 188?-1913, 1896-09-03

further. aud We must no. permit,
false lights TO lure us across the
danger lie.
Debasensnt Of the currency u cans
the destruction OF values. No one
suffers 80 much from cheap money
as the farmers and laborers. They
are frs. 10 :eel is bad effects and
the last 10 recover from them. This
has been the uniform experience Of
all countries and here. a. elsewhere,
the poor, and not the rich. are al
ways the greatest sufferers from every
attempt to debase our mouey
ISSUE OF PAPER MONEY.
Tho silver question is not the only
issue affecting our money In the
pf nding contest. Not content with
urging the free coinage OF silver, its
strongest champions demand that
our paper money shall be issued d.
r"ctly by the government of the Uni
tod States. This is the Chicago
Democratic declaration. Tho st.
Louis declaration is that "our ma
tiohal money shall be issued hy the
general government only, without
! the Intervention of banks Of issue,
be full legal tender for She pavmoDt
Of al debts, private ana public" and
be distributed direct to the people,
and through lawful disbursements of
! the government" Thus, Ill addition
to the free coinage Of the worlds
silver, we are asks t" inter- upon
An era Of unlimited. ;redeeuable
paper currency.
The question which was fought
out from 1863 to 1879 is thus to be
re-opcned, with all its uncertainties
and cheap money experiments of
every conceivable form is thus
foisted upon us. This indicates
most st~rH az react!OLary policy,
strangely at variance with eyetr re-
qulrement Of sound finance; but the
| declarations SHOW The spirit and pur-
pose OF those who by combined ac-
tIou ayc contendiug for the control
Of the government. Not satisfied
with doDaSemept of car coin. which
would inevitably follow the free
coinage Of silver AZ Is to |, it would
! further degrade "ue currency and
threaten the public honor by the is
sue OF an irredeemable paper cur
rency. y graver menace TO our f.
nanclal stsrdlug AID credit could
! hardly be conceived, and every pa
! triotic citizen would be aroused to
! promptly meet and etfectually de-
feat it.
It is cause for painful regret
and solicitude that an effort is be-
ing made by those high in the coun-
ellis Of the allied parties to divide the
pooplo of this country into classes,
and create distinctions among us,
which, in fact, do not exist and are
repugnant to our form Of govern
ment. These appeals to passion and
prejudice are beneath the spirit and
inteligenoe Of q free people, and
should be met with stern rebuke by
those tEey are sought to be inhu-
encod, and l believe they will.
PROTECTIVE TARIFF.
Another issue OF supreme import
ance is that Of protection. The
poril Of free silver Is 81 menace to be
feared; we are already experiencing
the effect of partial tree trade. The
one must be averted; the other cor
rected. The Republican party is
welded to the doctrine Of protec.
ton, and was neve. more earnest ir
its support and advocacy than now
If argument were needed 10 strength
en- its devotion 10 1.-The American
SYSTEM" or increase the hold of thai
system upon the party and people
it is found IN the lesson and expert
ence Of the past three years. Me,
raaliza n their own daily lives wha
before was 10 mauy of them only re
port, history or tradition. The.
. nave had trial of hoth systems
and know what each has done TO
them.
Washington, in his farewell ad
dress, September 18th, 1896, hun
bred years ago. said: LAS a Yer,
important source Of strength and Sc
curity, cherish public credit. On,
method Of preserving it is to Us
it as sparingly as possible; ayoidin.
. the accumulation Of debt, not onl.
. by stunning occasions of expense
but by vigorous exertions in time 0
5 peace 10 discharge the debts which
unavoidable wars may have occas
lOned not ungeDerously THROWN
upon poste1ity the burden which W
ourselves ought to bear"
: To facilitate the enforcement Q
the maxims which he announced, h
5 declared: at is essential that 20
4 snould practically bear in mind tia
i towards the payment OF debts Their
! must be revenue; that to have revt
> nue. there must be taxes; that n
;; taxes can be devised which are nc
q more Or less announcement or III
!" pleasant; intrinsic embarrassment
/. irsepara ole from the selection {
! the proper objects (Which is Away
IS a choice Of difficulties ought to be
& decisive motive fer a candid COZ
z struction Of the conduct Of the go
10 ernment IN making ii; and for
u spirit OF acquiescence i'll the mea
II ures for obtaining revenue whie
7 the public exieoncies may at any tim
dictate.n
Animated by like sentiments Il
"a oeopl9 Of the country must now fa'
III Lie COuultlcuS "ulCu bSSOL luci
Z "The public exigencies" demal
prompt protective legislation whis
a will avoid the accumulation
Id further debt by providing adequa
Ill revenues for the expenses OF t
Id government. This is lnanifestly t
IN requirement Of duty. If elect
I'd President o. the United States
err will be my aim to vigorously pl
.r, mote this object and give ample c
Il couragement to the occupations
ge the American people which abo
We all else, is so imperatively dema1
tn ed at this juncture of our natio1
of If airs.
les THE HARD TIMES.
be Continuing Mr.. Mckinley quo
in from Mr.. Harrison's last message
ay Congress in 1892, reviewing the con
tor tlOn aud resources of the count
I-b al hive