The American guide., 1896-08-29

resisted by every citizen. We are not
nation OF classes, but Of Sturdy free m
dependent and he able people, desplsing
the demogogue and Ter capitulating to DIS
honor This eycr- klrring effort endangers
popular govsrnmen hid il o menace to our
liberties. 1t Is not how campaign device or
party appeal 1t as old as govern
ment among men,f but was never more
untimely and unfortunate than now
Washington warned us against 1t, ana
Webster said in the Ncnstc, In words which !
feel are singuarly Appropriate OF this time;
"I admonlsh the peo5r against the object OF
outcries like these. admonish every Indus
trious laborer Of tbs country To be on ms
guard against such delusion. tell him the
attempt is to play on his passion against MS
interest and to prov1 on him, In the name OF
liberty, to destroy aih the fruits OF liberty
Protection of s,llreme Importance.
Another issue OF supreme Importance is that
OF protection The pehl OF free silver is men
ace to be feared; we are already experiencing
| the effect OF partial fee trade The one must
be ayerted; the other corrected The republic
can party Is welded 10 the doctrine OF protcc-
ton and was never more earnest in its support
and advocacy than low. II argument were
needed to strengthen its devotion to the
American system or increase the hold OF
that system upon the party and people II is
found In the lesson and experience OF the past
three years Men realize In their own dallY
lives what before WIS TO many of them only
report, history or tradition They have had q
trial OF both systems and know what each has
done for them.
Public Credit as 4 Source of strength.
Washington, In his farewell address, sep
tember II, 1890, u hundred years ago. said
"As very important cc OF strength aud
security, cherish pull rcdlt. one method
Of preserving II is to- II Us sparlngly as
possible; avoiding the umulation OF dept'
not only by shuunln, ,cca zions Of expense,
but by vigorous exerqons In time OF peace to
discharge the debts lhich unavoidable wars
may have Occusioned, not ungcnerously throw
ing upon posterlty thdDurden which we our
selves ought to bear
To facilitate the enikcement OF the maxims
which he announced u declared. 1T Is essen
tial that you should pAetlcally bear IN mind
that toward the pay ldent OF debts there must
be rcyenue that to lave revenue there must
be taxes, that no taxtk can be devised which
nrc not more or less ihconvonent or unplons-
ant; that tho intriuSic embarrassment ln-
separablo from the detection Of proper OBJ
jects (Which is alwaysh choice OF diAicultes)
ought to be a decisive motive for candid cou-
sttuctiou OF the conduit OF the government In
making II, and for shirt Of ncquiescenco In
the measures for obtaining revenue which the
public cxigoncles mai at any time dictate.
Animated by like scnhpcnts the people Of the
country must now fah the conditions which
boset them,
The public cxigc ,sies" demand ompt
protective legislation which will avoid the sc-
cumulntlcn Of furtfsr debt by pr0yld-
ing adequate rcvt os for the ex-
penses OF the goyernm Thus Is mlnicstly
The requirement OF du Z elected president
Of the United statef III be my aim to
vigorously promote ts,s oct and give that
ample oncouraromcn the occupations Of
the American people 81 lgh above all else, is
so imperatively demul Hl at this iuncturc OF
our national afi9lrs
Oar Condition Do Nee ember, 1893,
In December, lp2 mt Harrison sent
his last messag 20 cuyHss II was an able
and exhaustive reviewer tAc condition aud re-
sources Of the countr Z stated our situation
80 accurately that ire II Will not be
amlss to reclte Il and valuable testi-
mony. There been time in our
history" said work vas SO album
dant, or when 7.f sU gh, whether
measured by the Irr iu winch they are
paid, or by their paHir b supply the ncccssa-
ries and comforts U' fn0 general average
of prices has beun HuH fr i've 10 agriculture
d fair partlcipAtl general prosperity,
The new industl.a, ! ~ established since
october o lso aydup nobsr g, l,ss, mum
Der 3i5, and the tS' OF existing planu
i0s The new capr edamounts to So
40 900, and the mum '-"--
s7,2s' ting the
OF which 10 wereco. ls, IS knitting minn,
20 woocn mills, IS lis, four plush mills
and two linen mills ie " cotton mills, II
have been bull, Ia the thern states" This
fairly describes the l ppy condition Of the
country IN December II What has It been
since and what is 1t nd
our Condition EGht Months Later.
The messages Of President Cleveland, from
the beginning Of his s4cond administration to
tho present time ab0tlnd with descriptions OF
the dcplorablc Industrial aud financial con-
dillon Of the country. While no resort to his
tory or oncia statemdnt is required to advise
us ot the present conhition, and that which
has prevailed during the past three years
venture to quote from President Clcyo-
lands first message. August 5, 1895. addressed
TO the nfty-thlrd congiess, which he had called
together In extraordinary session The eS'
lstcnce Of an alaiming and extruordi-
nary business sliuJtlon' said he "ln-
yolying the wclfurd and prosperity OF
all our people, has constrained me
to call together in extra session the
peoples representatives In congress, to the end
that through the wise and patriotic exercise Of
the legislative 8ugH with which they solely
arc charged the t0 sat evils ipay bc mlti-
gated aud dangers frAtening the future may
b. aycrtod our uN tuuaie financial plight
IA not the result OF antownfd orcnts, nor Of
condition. related ,oIour natufal resources
Nor I. IL trarcahlc | TO any of the uflic.
tons which freq Sntiy check national
growth and prosrI rity with plcnteous
crops, with aOundahs promise OF remuncr-
auyc production and manufacture, with I'M
usual Invitations to safe investment and with
satisfactory assurances 10 business enter
priscs, suddenly financial distrust and fear
have sprung up on every side. Numcrous
moueycd Institutions have suspended, because
abundant assets were not Immediately nVnlla-
bio to meet the demands Of frightened deposit
tors. surviving corporations and Individuals
are content to kocpin hand the money they arc
usually anxious to loan, and those engaged In
legitimate business arc surprised TO Ind that
The securities they orer for loans, though here
/ toioro satisfactory arc no longer accepted,
| Nnucs supposed to bc 0red arc fast becoming
conlcctufal, aud loss and failure have invaded
every branch Of business"
III. Cause Of the Change.
] What startling and sudden change within
] the short period uf eight months from Dcccm-
! ber, 1 W, To August lsp3l What had occurred
! A change Of administration all branches OF
/ tho government had been intrustcd To the
! democratic party, which was committed
against the protective policy that had pre-
| vailed uninietrupteily for more than thirty
two years and brought uncxampled prosperity
| TO the country, and nrmiy pledged to It's COM
] plste overthrow and the Substitution OF q tnrl1
/ Tor revenue only, The change having been
deorced by the elections In November
| Its effects were at once anticipated and
| fci' We can not close our eyes 10 those al
tci 4 conditions nor would II be wise to eS'
| cludo from contemplation and investigation
the causes which produced them, They are
facts which we can not M people disregard
and We can only hopc TO improve our present
| condition by . study Of their causes,
In December 1902, VIC had tho same
currency and practically tho same volume OF
/ currency that we have now. II aggregated IN
isg2 g. s7s no i0l in 1898. ts,3esoooooo' In 1894
o. a2a AZ 96,i and In December, 1876, &,iptOj0,'
go The per capita Of money, too has beer
/ ia. ha la % this NhplH ~ nI