The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-09-29
MORE MONEY. MIR. MKINLEY, NOT
MORE TAXES.

The railroads are carrying daily eX-
cursions to Canton, the home of Mr..
Mckinley, where the excursionists are
addressed by the Republican candidate
ON the issues of the day from the porch
of his residence
Last Friday a train load Of Pennsyl-
vaia farmers visited him. In the course
of his remarks to them he used this
language.
"Now. what does that signify?
1t signifies that what the farmer
wants is an army of consumers
who do not produce wheat and
who do not produce any of the
agricultural products, and the
larger that army is the better the
farmer is off.
THAT army of consumers had
been reduced not in numbers, in
the last three years. We have just
as many people as we ever had,
but it has been reduced in its
capacity to buy what it needs. That
is what the trouble is in this eoun-
try to-day. We are not earning
as much money as we used to
spend. because we have been I'M
able to earn as much.
what we want to do is to put all
the machinery in this country at
work We want every mine in the
country opened up. We are tired
of having the pick silent in the
mine, and we are tired of having
the loom silent in the mills"
7sI,o s- - Io-4
forced to the admission that the
trouble with the farmer is not so much
over production as under-consump-
ton. He very correctly states eve
are not earning as much money as we
used to earn. We have not as much to
spend because we have been unable
to earn as much
This same trouble applies to the
manufacturer as to the farmer. The
official reports of the government
show that the per capita consump-
ton of cotton by our people for the
last few years, whose statistics are at
hand, was as follows:
In 1892, "A pounds; in 1898, II
pounds; and in 1894, 10 pounds.
The per capita consumption of wool
is reported for 1892, CT pounds; 1898,
pounds; 1894, 5 pounds. The mills
cannot run because the farmer does
not earn as much money as he used
to earn, and hence cannot purchase the
products of the mills. The mill opera
tive cannot purchase the products of
the farm because he does not earn as
much as he used to.
The remedy Mr.. Mckinley suggests is
more taxes. Exclude all importations.
This was tried in the bill which bore
the name of the Presidential candidate
and was a failure His remedy has
been tried. 1t did not stop falling
prices-hard times.
There is but one remedy. The mill
operative and the farmer both earn
less money because there is ISIS money
to earn. Money is scarce, and has
been made dear. All that money buys,
whether it be the product of the farm
or the mill has, gone down in value
as money has gone up.
We require more money, Mr.. Nc
Kinley, not more taxes.
This statement from Mr.. Mckinley
is strangely at variance with the usual
statement of goldites, that wages have
not deprecated under the gold stand
ard. In many instances the wage-rate
is not lower, but the trouble is in
finding employment. All industries
are running on short time.
Mr.. Mckinley is right for once. We
want to put all the machinery in the
country at work. We want every man
to be enabled to earn more money for
the amount of muscle and brain tissue
now expended. Bryan stands for more
money. Mckinley for more taxes.
Bryan represents the muscle of the
country. Mckinley the syndicates en-
riched by taxing muscle.
The Treasury does not need more
money. On September /, 1896, there
was net balance of available cash
in the Treasury of $143, BAG, 4o0.53 in