The times. (Owosso, Mich.) 1882-1897, 1896-06-19


for some settlement of the important
question. They wanted an end OF un-
certainty. At length the Wilson bill
by Democratic president as the child
OF "perfidy and dishonor." It was so
bad that he would not contaminate his
hand by signing it. A bill that was too
base for Mr., Cleveland 70 approve is too
rotten for the approval of the American
people.
Wilson Tariff Weaknesses.
This important law was wanting In
the primary purpose of revenue meas
IRE, for 1t failed to provide adequate
revenue to meet the requirements Of
the government The deficiency thus
far amounts to some $l50. 100000. The
end is not yet. for the deficiency grows
day by day This leaves the treasury
and the public credit in constant peril.
Our foreign credit is impaired and do
mestic capital feels insecure.
The sectional favoritism of the Will
son law was one Of its marked features.
Its blow at sheep husbandry was an un-
| pardonable offense; it was a fragrant
wrong to the farmers of the United
| States. This great industry had devel.
0ped and grown under Republican pro.
| tective laws until it was one Of our
greatest. We are now sending abroad
millions of dollars for wool which were
| paid to our farmers under the Mckinley
law.
The bill struck down reciprocity, one
| Of the highest achievements in Ameri-
can craftsmanship. No measure was
ever enacted which more directly adj
vanced the interests of the American
| farmers and manufacturers than reci-
| procity With it's destruction fell adj
vantageous commercial agreements, UNI
der which their products were surely
finding larger and profitable foreign
markets and without the surrender OF
| their own.
| The substitution of ad valorem for
specific duties has opened the way for
systematic and wholesale frauds on the
treasury, and producers, and employees
of the country. By means of under val
uations foreign goods pass through the
customhouses without paying their just
tribute to the treasury of the United
States. Thus we have lost millions of
dollars in revenue, and the foreign pro.
cess our home markets.
Cleveland Mortgages the Future.
Neither time nor place will permit fur
ther reference to the unfortunate legis-
lation of the Democratic party nor to
the hurtful, demoralizing effects of it.
Suffice it to say that it has been the
great and original factor in breaking
down confidence, checking progress,
emptying the treasury, causing con-
tinued deficits and enforced idleness
among millions of willing workers. To
meet the monthly deficit and protect
our credit and save the government from
protest, the president has been forced to
sell bonds, in other words, he has been
obliged to mortgage the future. in q
time of peace, to meet the current obi
cations of the government.
This is in sharp contrast with the Re.
publican record. Our tariff laws not
only raised revenue, but they protected
our domestic industries; they impair.
TALLY protected the farmer and manu-
facturer both north and south. Not
only that, but they also raised sufficient
revenue to gradually reduce the public
debt, and without imposing grievous
burden upon the people During the
administration of Harrison 1926, 000,0 900
of obligations were paid, while Cleve.
land during the last three years has
added to our interest bearing debt $780,
100000. Against such Democratic finan.
ciering the Republican party enters its
emphatic protest
Democracy In Another Role.
Having attempted to reverse the tariff
policy of the United States, with such
lamentable results, the Democratic
party now proposes to reverse the cur.
rency policy. 1t turns to the currency
as the parent of our ills. It's efforts to
shift the responsibility will deceive no
one. It's attack upon the tariff, its rec
ord of inef1iciency and insincerity is a
part of the unfortunate history of the
republic. The present currency system
is the fruit of Republican wisdom. 1t
has been adequate to all our past neces.
sites, and If interrupted will meet our
future requirements. Our greatest pros
perity was attained when Republican
currency laws were in full operation.
When the Republican party was in
power our currency was good; it was
made as good as the best on the globe.
We made sound money, and we also
made an honest protective tariff to go
with it, Sound money and an honest
protective tariff go hand in hand to-
gether, not one before theother. The
very foundation of sound currency
system is a solvent treasury If the
people doubt the integrity of the treas
ury they will question the soundness of
the currency. Recognizing this funda.
mental fact, the Republican party al.
ways provided ample revenue for the
treasury. When in the last half CEN
fury of our history did the Democratic
party advocate financial policy that
was in the best interests of the Ameri.
can people? Look at its ante. bellum
currency recordl Consider its hostility
to the currency rendered necessary by
the exigency of war; and later, its effort
to initiate the currency in a time of
peace by the issue of greenbacks Wit.
ness its opposition TO the efforts of the
Republican party to resume specie pay.
ments But four short years ago it de-
n 60. Il =.