Omaha daily bee., 1896-09-03
THE NONE MARKET.

the NOME MARKET.
The hope of the agricultural pro.
duccrs of the United States is in thcil
home market and the policy that will
build up that market should be theil
policy. To say that the free coinage oi
silver will contribute to the expansion
of the home market is to diScredit the
common sense of the people. because
all who know anything on the subject
understand that it is not money bur
Industrial development which creates Il
market for commodities. As Major Me
Kinley very clearly stated the matter in
his letter of acceptance. the employ
mcnt of our minis for the coinage of
the silver of the world would not bring
the neceSSaries and comforts of life back
TO our people. This will only come
with the employment of the masses.
Opening the minis would not improve
the Industrial situation. 1t would not
promote new productive enterprises nor
revive those now idle. It would create
no additional demand for labor. On the
contrary, its first effect would be to
''NihNi lhNhS'lllI lbhldlN SIS hlhl ilS-
ment the number of those who are
out of employment. 1t would lessen in.
stead of increasing the purchasing
power of the people.
The agricultural producer. therefore.
who favors the free coinage of silver is
supporting Il proposition the result of
which would be to REFUGE the value to
himself of his best mnrkpt-a market
which now consumes more than DO per
cent of what he produces and would
consume more if all the labor of the
country was fully employed. How is
the home market to be built up? Mani
festly only through the restoration OF
that policy to which its past growth
has been due. In other words there
must be such judiciouS protection of
American industries as will foster their
development and make II demand for
labor ut good wages. This would be no
experiment. We tried it for more than
thirty years, with result that excited
the wonder of the world. In 1850 the
United States was at a low point in
dustrially. All classes of the people
were poor. We had so-called bimctal-
lism and practical free trade. From
1860 to 1892 we realized the greatest
industrial expansion in the history of
the world for Il like period, the larger
part of it after the resumption of specie
payments in 1879. Protection could
have no stronger vindication than the
achievements of that period.
There are some who would wholly
paign. There are others who. while
ready to concede its beneticent effects il.
the past, are rot disposed to regard it
as of very great present Importance.
The republican party and the republi-
car standard bearer believe protection
to be as necessary now to the progress
Of this country and to the prosperity of
the people rs ut any time in our history
and they refuse to permit it to b.
ignored or reduced to il minor place rs
m issue. They will continue through
out the campaign TO say to American,
workingmen that in order to better their
condition ms to employment and wage.
lit ltlhDilChh putty VI pibltclIon IluSl
be restored. They will continue to say
to the agricultural producers that their
hope of relief is in building up the
American market, in increasing the
home demand for their products, which
is only to be accomplished by Il iudicious
system of protection. They will con
time to urge that what his country
needs is greater industrial indcpend-
cnce of Europe, rather than financial
utilization with China, Japan and
Mexico.