The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1896-06-20

constant peril. Our foreign credit is
impaired and domestic capital feels
insecure.
The sectional favoritism of the Will
son was one of It's marked features. It's
blow at sheep husbandry was
an objectionable offense; It was
a fragrant wrong to the farm
ers of the United States. This
great industry had developed and
grown under republican protective laws
until 1t was n of u greatest. We
are now sending abroad millions of dol
lars which was paid to American farm
ers under the Mckinley law.
Reciprocity.
The democratic party struck down
reciprocity. No measure was ever en-
acted which more directly advanced
the interests of the American farmers
and manufacturers than reciprocity.
With it's destruction fell advantageous
commercial agreements. under which
their products were surely finding larger
and profitable foreign markets, and
without the surrender of their own.
The substitution OF ad valorem for
specific duties has opened the way for
systematic wholesale frauds upon the
treasury and producers and employees
| v " - VI M Wa
%uations, foreign goods pass through the
customs houses without paying their
just trlbute to the treasury of the Uni
ted States. Thus we have lost millions
of dollars in revenue, n the foreign
producer has been enabled to unfairly
possess our home markets.
Neither time o place will permit
further reference to the unfortunate
legislation of the democratic party, nor
to the hurtful, d~emoraliZlng effects of
II Suffice it to say it has been the great
original factor in breaking down con-
fidence. checking progress, emptying
the treasury, and enforced idleness
among millions of willing workers.
To meet the monthly deficits and
protect our credit and save the govern
ment from protest, the president has
been forced to sell bonds; in other words
he has been obliged to mortgage the flu
ture in line of peace to meet the cur
rent obligations of the government.
This is in sharp contrast with the re-
publican record. Our tariff laws not
only raised revenue but they protected
our people: they protected the farmer
and manufacturer in both the north
and south. Not only that but they par
TALLY raised gradual revenue to pay the
public debt. During the administra-
ton of Harrison 1926, 900. 900 of obllga-
lions We're paid, while Cleveland during
the past three years, has added to our
interest-bearing debt $262, 900. 900.
Against such democratic financiering
the republican party enters it's empha-
tic protest.
Having tried to reverse the tariff pol
icy of the United States with sue harm
full results, the democratic party now
proposes to reverse the currency policy.
Its effort to shift the responsibility
will deceive no one. Its attack Upon
the tariff; its record of inetficiency and
insincerity is a part of the unfortunate
history of the republic.
Republican Fruit.
The present currency system is the
fruit of republican wisdom. 1t has
been adequate to all our past necessities.
and If uninterrupted will meet our flu
ture requirements. Our greatest pros
perity was attained when republican
laws were in full operation. When the
republican party was in power our cur
rency was good: it was made as good as
the best on the globe. We made sound
money; and we also made an honest pro-
tective tariff to go with it. Sound
hbOiiSy ~" - ichi'S ploANSAlNS an
go land in hand together. not one by
the other.
The very foundation of a sound cur
rency system is a solvent treasury. If
the people doubt the integrity of the
treasury they will question the sound
ness of the currency. Recognizing this
fundamental fact the republican party
always provided ample revenue for the
treasury.
When in the last half century of our
history did the democratic party advo-
cate a financial policy that was in the
best interests of the American people?
look at its ~ante-bellum currency record.
Consider its hostility to the currency
rendered necessary by the exigency of
war and later its effort to initiate the
currency in a time of peace by the issue
Of ~greenbacks. Witness its opposition
to the efforts of the republican party to
resume specie payments. But four short
years ago it declared for a return to the
old discredited state bank currency.
The republican party has not been un-
friendly to the proper use of silver. 1t
has always favored and favors today
the use of silver for a part of our clrcu-
lating medium. But it favors hat use
under provisions and safeguards that
will not imperil our national standard.
- For Gold Money.
The policy Of the republican party is
" Ieldll Doll SCll anu SILVER as u plTt
of our circulating medium, while the
policy of free coinage of silver leads to
certain silver recommendation. 1t is an
iImmutable law that two moneys of I'M
equal alu will not circulate together
and that the poorer always drives out
the better.
The republican party, desiring fairly
to secure a larger use Of silver, pledges
itself in favor of International agree
ment. Harrison, true to the pledge OF
the party. took the initiatory and in
yited an International conference at
Brussels, at which the subject of an In
ternational coinage agreement was ably
inc probably discussed. The demo
cratic party was also committed to in
ternational bimetallism. but when II
came into power the work which had
been so auspictously begun by the re-
publican party was abandoned. 1t was
so absorbed In Its efforts to break down
the Mckinley law and empty the treas.
ury that 1t had no time to promote inter.
national bimetallism.
Those who profess to believe that this
government can independently Of the
other great commercial powers open Its
minis to the free and independent coin
6 of silver at a ratio of 16 to l, when
the commercial ratio in all the greai
markets is 80 to 1, and at the same time
not drive every dollar out of circulation
but deceive themselves.
Great and splendid and powerful as
our government is it cannot accomplish
the impossible. 1t cannot create value
1t has not the alchemist's subtle art OF
transmitting unlimited silver into gold
nor can 1t by omnipotent fiat make 81
cents worth 100 cents. AS we'll under.
take by a resolution of congress to sus.
pend the law Of gravltation as attempt
to compel an unlimited number of sc
cent dollars to circulate with 100 cent
dollars at a parity with each other
An effort to make dollars Of such IN.
equal value at an equal parity Is bad ir
morals and policy. Sound thinkers upor
the great question Of the currency knew
from the beginning of the experiment
how miserably and certainly it would
fall. The of the country
would be again thrown upon the sea OF
uncertainty and the specter of wan
would continue TO haunt us for years tc
come.
Effects of 10 20 1.
Upon opening our mints to the independ.
ent free coinage Of silver, foreign credits
would be greatly curtailed. More than this
traction of our currency by the expulsion
of $500, G00, 1000 of gold. And our paper and
silver currency would Instantly and great.
ly depreci.l.e In purchasing power. Blu
one result would follow this: Enterprise