Herald and tribune. [volume] (Jonesborough, Tenn.) 1869-current, 1896-10-28
foreign competition with American pro-
Has Been the Prolific Source

~ ieturh ior tnls great trust, TO relnState
that measure OF protection, with such
changes and additions as the new condi-
tions may require, that will restore our
internal commerce, and thus safe guard
every interest and enterprise of the ma
ton. A just regard for the rights of the
American labor and the interests of
American homes will be one of the lead
ing features of the contract that will ex-
ist between the
Republican Party and the People.
In spite of Democratic clamorings and
Populistic protests the Republican party
VIII not shrink from its duty and solemn
pledge to reconstruct revenue system
on the broad and patriotic line Of needed
encouragements to all branches and de-
partments Of American labor, embracing
all the industrial classes from the plow-
man in the fields, the deliver in the
mines and operative in the factory to
those who manage and direct our great
est enterprises. 1t will meet the ext.
| gencies OF the situation, complicated bv
| Democratic blunders and failures as
| they are, with the unfaltering courage
and insistency born of wisdom that has
| been confirmed by experience. Since
the repeal of the Mckinley act, the sys-
tenn OF raising revenue by the issuance
OF interest bearing bonds, now amount
ing TO two hundred and sixty three mil
w w 81 up ny IOIclGu InO0eY
lenders that make millions of dunearned
incremenp by the conversion, as has
oeen the unyarying rule of this admin
istration, will disappear to make room
Tor q revenue system that ALWAYS pro-
Vided means for the discharge Of debts
Before they Could Possibly Accrue.
This Republican system Of maintain
ing the government and meeting its
bonded Liabilities, and at the same time
widening and expanding the resources
OF the country by inspiring and FOSTER
ing the genius and enterprise of the peo-
pie, Is just as essential to the growth
ana development of the nation as light,
heat and shower are essential to the
termination of seed and growth of the
plants. This system, developing and
protecting all American industries, will
cut the Gordian knot of our financial
strlngency, solve the problems that are
SO Dark, Vexing and Mysterious
to our Democratic and Populistic friends
and nobody else, and adjust values on
re-assuring basis.
In proof of the wisdom and the all
suihciency of the tariff measure, which
was enacted into law by Republican
Congress and indorsed by Republican
executive, reference is only needed to
that period between the years 1879 and
t'"~t WhiNh W do
The Most Aflluent and Prosperous
era in the history of this country, with
an internal and foreign commerce whose
magnitude has never before or since
been equaled.
The resumption act which went into
erect January l, 1879, was Republican
measure in conception and execution,
and brought new life and new hope to
the whole country, and the volume of
business increased from year to wear
until 1T was stricken with the fatality of
democratic menace and misrule. 1t put
an end to boom prices, fictitious values
and punctured the
Inflated Projects of Wild Speculation.
and II there was fatal crash to any business
enterprises that had no basis more substan-
tial and permanent than the haphazards of
mere lottery. Tho resumption act, as was
ihtendeu, operated as an equalizer OF money
values All forms of money were brought to
parity and had an equal purchasing and
debt paying power. Every dollar was worth
iOO cents Legal tender notes and national
pank notes constituted the circulating me-
dium, but parity OF money values being es-
tablished, boarded gold and the small
amount of foreign and domestic silver came
forth from their hiding places and freely
entered into the volume Of circulation.
Confidence was Fully Restored,
and there was no fear and no uncertainty 10
discourage Legitimate enterprise. Furnaces,
factories, mills and workshops multiplied
on every hand under the stimulus of remu-
nerative prices In both n home and foreign
market, the agricultural classes went to
work with hopefulness and cheer, and rap
idly accumulated the comforts of life along
with The uplifting forces of social and edu-
cational advancement. Every artisan and
mechanic had constant and high priced
employment.
The Fruits of Labor Were Secure.
The bonds OF the Nation rose in value in
every money center of the world, and were
honored as the best investment that could
be made. Under the operation of the Re-
publican tariff, coupled with the salutary
enects OF the Resumption Act, 40 per cent OF
our population were engaged In agriculture
and the remaining Sc per cent. were engaged
on transportation lines, In manufacturing
ana In mechanical and professional pur-
suits. But when that
Monster of Iniquity,
known as the Wilson German Law, invaded
THIS national scene of peace, abundance and
industry, the effect at once was q rapid
change TO stagnation, paralysis and enforced
idleness. The artisans, mechanics, mill OPP
eratives and railway employees, thrown out
of employment, We're driven TO the fields for
living, and those who were not tramps on
the highway became producers instead of
consumers as they had been, and In this way
American Markets for American Farmers
were almost completely destroyed.
size and confirm what / have already said,
under the Mckinley Act, from October 1890,
10 october, 1892, twenty i've months, the sur
plus revenue was Ss5,sdor 81 oot an average
wilson Law, from September, 1894, to No
vember, 1885, covering period Of fifteen
mont months So ne th expenditures exceeded the re-
ency of $4,699,603.
The Cap of the Climax.
Republican protection was dominant from
1851 TO 1913, and there was constant excess
OF revenues over expenditures ascending TO
the maximum In 1882, of 4545S,8l0 IL, and
descending TO the minimum in 1892 OF $8,9l4,-
4b3 %. The surplus was constantly applied
TO the reduction OF the public debt. This
debt, August l., lSe5.a little over four months
after the close OF the war-was $2,3Sl, ,530,294,
and March |, 1892, three days before Presi-
dent Harrson's term ex pired was 1856, ,034 ,280,
a reduction OF sl,7o6is iso,oSi. Az this point
wealth increased from 1850 from 10 billions
of dollars, to 63 billions In 1890.
Pensions.
The Republican party has always stood for
n liberal policy toward the brave and self
sacrificing defenders OF the Nation. On land
and sea they shirked no duty and no peril in
a service that meant hardship, privation,
wounds, disease, permanent injuries and
death itself. The party regards the money
ents not only as deserved token of n saved
Nations grateful remembrance, but as an
Investment for Its security In all the future.
The pension roster was created by Republic
can legislation, and though at all times IL
has been heavy tax on the country, no COM
plant has ever been entered except by those
who have no response TO the dictates Of hon
or and no appreciation OF the glorious re-
suits wrought by the
Soldiers Sacrifice and Heroism.
l make no plea for the soldier. The neces-
sity for that Is past, His title to all he gets
has been recognized and decreed by the tri-
bunal OF the people, and this Judgment Is
regarded with such sacredness by the SOL
dier's friend, that, In this day, no party dares
TO challenge Its Justice with openness and
candor; but unfriendly legislation and the
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