Butler citizen. [volume] (Butler, Pa.) 1877-1922, 1896-09-03
,,s.,.5 1rj,6 H,r rvS6T.1Ns,syo,st r

nsoted wi5h 6ur fh0dsf, therefore, 70 &c
dustrial change. Whatever Is to be de-
prccated in our financial system II must
everywhere be admitted that our money
has been absolutely good. and has brought
neither loss nor inconvenience toits hold
ers. A deprecated currency has not eI-
listed 10 further vex the troubled business
situation.
Good Money Never Made Times Hard.
1t is q nero prctenCe to attribute the
hard times TO the fact that all our cur
rency is on gold basis. Good money
never made hard times. Those who AS
sert that our present industrial and nnan-
cial depression Is the result OF the gold
standard have not read American history
Alright, or been careful students OF the
events Of recent years. We never had
greater prosperity In this country, in every
field OF employment and industry than in
the busy years from $50 to 1872 during all
Of which time this country was on gold
basis and employed more gold money in
its fiscal and business operations than
ever before. We had, too, protective
tariff under which ample revenues were
collected for the government, and an ac-
cumulating surplus which was conven-
iently applied TO the payment of the pub
lie debt Let US hold fast to what 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 remunera-
lively engaged during all the years OF pro-
tective tariff legislation. When those
who have money lack confidence in the
stability of values and investments, they
will not part with their money. Business
is stagnated-the life blood Of trade Is
checked and congested. We cannot re-
NV
would revoiutionize all values, or an act
which entails deficiency in the public
revenues. We cannot inspire confidence
by advocating Reputation or by practlc.
| ing dishonesty. We cannot restore conf
| dence, either to the treasury or TO the peo-
| ple without change in our present tarlH
| legislation.
The tariff of 1894.
The only measure Of a general nature
| that affected the treasury and the employ
ment OF our people passed by the Fifty
| third congress was the general tariff aot,
| which did OF receive the approval Of the
| president Whatever virtues may be
claimed for that act there is eonfessedly
| one which 1t does not possess. 1t lacks tho
| essential virtue of Its creation-thc raising
| Of revenue sufficient to supply the needs
| Of the government. 1t has at no time pro
yided enough revenue for such needs, but
| 1t has caused a constant deficiency IN the
| treasury and "a steady depletion in the
| earnings Of labor and land. 1t has con-
| tributed to swell our national debt more
| than S262, 900 600, a sum nearly as great as
| the debt of the government from Wash
| ington to Lincoln, including all our lor'
| eign wars from the Revolution 20 the Re-
| bellion. Since its passage work at nome
| has been diminished, prices OF agricultural
| products have fallen, confidence has been
| arrested and general business demorallZa
| ton is seen on every hand.
| The Tariffs of 1890 and 1894 Contrasted.
| The total receipts under the tariff act OF
| 1894 for the first % months.of its enforce
| ment, from September, 1894, to June, 1895
| were S557 615, 1928, and the expenditures
$64O, ,4lS, 1868, or a deficiency of s., 500, ,O35
| The decrease in our exports Of American
| products and manufactures during the
| first 10 months of the present tariff, a:
contrasted with the exports OF the nrst Il
| months of 1890, was $40, ,353, 32O. The ex
| cess of exports over imports during th'
| first 10 months of the tariff of 1890 was
| S213, ,972, ,96S but only S56, 75s ,623 under th'
| first 15 months OF the tariff of 1894, u los:
/ under the latter of S1G PA ,345. The ne,
loss in the trade balance OF the Unltet
| States has been Sl96, ,9S3, ,607 during the hrs
| Is months operation of the tariff OF l59i
|
| the tariff of 1890 The loss has been large
| constant and steady at the rate OF sl3, l3o,
| 900, 600 per month, or S5OO,OOO for ever;
| business day of the year.
| Losing In Both Directions.
We have either been spending too mac'
money out of the country or getting t.'
little in, or both. We have lost stcadi.
in both directions. Our foreign trade ha
been diminished and our domestic trad
has suffered incalculable loss. Does no
| this suggest the cause of our pres
| ent depression, and indicates II
| remedy? Confidence in home enterprise
has almost wholly disappeared; GU
shops are closed or running on hall tlm
at reduced wages and small profit, II no
| actual loss. Our men at home are ld.e
and while they are idle men abroad er
occupied in supplying us with goods Ou
unriyaled home market for the farmer ha
also greatly suffered because those VIII
constitute 1.-THE great army OF American
wage-earners-are without the work ans
the wages they formerly had. lfthey can
| not earn wages they cannot buy products
They cannot earn If they have no cmpioj
| ment and when they do not earn III
5saYess' .I1.s 9s Solessspe ,i1
| ducer and consumer. The loss of earnin
power alone in this country in the par
| three years is sufficient to have produce;
our unfortunate business situation. |
our labor was well employed, and EN-
| ployed at as renunerative wages as /
1892 in few months every farmer In TIL
land would feel the glad change in the in
creased demand for his produts and i'll tn
better prices which he would receive.
Not Open Mints, But Open Mills.
It is not an increase in the volume q
money which is the need of the time, bu
an increase in the volume of busines;
Not an increase of coin, but an increase G
confid cnce. Not more coinage, but a NOR
active use of the money coined. Not ope
mints for the unlimited coinage of the sil
yer of the world, but open mills for tn
full and unrestricted labor of American
workingmen. The employment of on
mints for the coinage of the silver of tn
world would not bring the necessaries an
comforts of life back to our people. Thi
will only come with the employment o
the masses, and such employment Is Ger
tain to follow the rc-establishment of
wise protective policy which shall encour
age manufacturing at home. Protection
has lost ncns Of its virtue and import
ance. The first duty of the Republican
party, if restored to power In the country
will be the enactment of Il tariff Law
which will raise all the money necessar,
to conduct the government, economical,
and honestly administered and so ad
justed as to give preference to home man
ufacture and adequate protection to hom
labor and home market. We are not com
mitted to any special schedules or rate
| of duty. They are and always Will be sub
ject to change to meet new conditions, bu
the principle upon which rates Of duty ar
imposed remain the same. Our dutie
should always be high enough to measur
| the difference between the wages pai(
labor at home and in competing countrie
and to adequately protect American in
vestInents and American prices.
Our Farmers and the Tariff.
Our farmers have been hurt by tn
changes in our tariff legislation as severe
| ly as our laborcrs and manufacturers
badly as they have suffered. The Repub
lean platform wisely declares in favor O
| such encouragement to our sugar inter
csts as will lead to the production OF
| American soil of all the sugar which tn
| American people use.
| 1t promises TO our wool and wooden In
| terests the most ample protection"
| guaranty that ought TO commend itself t.
every patriotic citizen. Never was NOR,
| grievous wrong done the farmer of ou
country than that SO uhjustly inflicted
during the past three years upon the wool
growers of America. Although among
our most Industrious and useful citizeni
| their interests have been practically do
stroyed and our woolen manufactn res In
yolyed In similar disaster. At no timt
within the past B5 years and perhaps never
during any previous period, have SO many
| of our wooden factories been suspended a!
| now. The Republican party can be relic
| upon to correct these great wrongs, i
| again entrusted with the control Of con
| gress.
| Reciprocity.
Another declaration of the Republican