The daily morning journal and courier., 1896-06-17

which ultimately became as good aS gold
 Since the resumption of specie pay ments in 1879 every dollar of our money paper silver and gold, has been of equal purchasing power the world oVer The policy of the party has been to make and keep our currency equal to the best in the world,
 Under the operation of these honest tariff laws and honest money republl- can laws, the country grew in wealth, We easily Outstripped all other powers in the commercial race. On Novem- Der &, 1892, there was work for every hand and bread for every mouth, We had reached high water mark. Labor received higher wages than ever and capital was profitably and securely em- ployed. The national revenues were sufficient to meet our obligations and leave a surplus in the treasury. For eign and domestic trade were greater in volume and value than they had ever been. Foreign balances were largely in our favor. European gold was flowing toward us, But all of this is changed. The cause is not hard to seek. A reac-
 
 legislative and executive branches of the government were to be democratic, The democratic party had at Chicago condemned the protective tariff princi- pie as unconstitutional and solemnly pledged itself to the overthrow and de- struction of the Mckinley law and to the adoption of free trade as the policy of the United States.
 'This bold aggressive attack upon the long settled policy of the republi- can party bore it's natural fruit in shaken confidence, and unsettled busi ness, and we were soon drifting against the rock of destruction. Before the work of demolition had actually begun a run was started upon the treasury re- serve which the republican party had wisely accumulated for the protection of the government credit The drain upon the reserve for the redemption of greenhacks and treasury notes greatly surpassed all prior experience and en- phasized the discredit into which the democratic administration had fallen. An utter want of confidence in the ad- ministration possessed the people.
 "The democratic party was harmoni- ous upon one subject, and that was the destruction of the Mckinley law. But when they came to the exercise of the creative faculty, the enactment of a great revenue measure in it's stead, there was discord. The imperilled in terests of the country waited through long and anxious months for some set clement of the important question. They wanted an end of uncertainty. At length the Wilson bill was adopted and 1t was characterized by a democratic president as the child of 'pertidy and dishonor' It was so bad that he would not contaminatc his hand by signing it. A bill that was too base for MT. Cleye- land to approve is too rotten for the approval of the American people,
 This important law was wanting in the primary purpose of revenue measure for it failed to provide ade- quate revenue to meet the Requirements of the government The deficiency thus far amounts to some $50 100000. The end Is not yet, for the deficiency grows day by day. This leaves the treasury and the public credit in constant peril. Our foreign credit is impaired and do- mestic capital feels insecure.
 "The sectional favoritism of the Will son law was one of it's marked features It's blow at sheep and husbandry was an unpardonable offense; 1t was a fla grant wrong to the farmers of the United States. This great industry had developed and grown under republican protective laws until it was one of oui greatest. We are now sending abroad millions of dollars for wool which were paid to our farmers under the McKin- ley law.
 "The bill struck down reciprocity, ono of the highest achievements in Ameri. can statesmanship. No measure wa: ever enacted which more directly ad vanced the interests of the American l farmers and manufacturers than reCiD rocity. With it's destruction fell ad vantageous commercial agreements un. | der which their products were surel,
 finding larger and profitable foreigr markets, and without the surrender O | their own.
 "The substitution of ad valorem fo | specific duties has opened the way fo | systematic wholesale frauds upon tn, | treasury and producers and employe, | of the country. By means of under valuations, foreign goods pass througl | the custom houses without paying thei | just tribute to the treasury of the Unit | ed States. Thus we have lost millions
 of dollars in revenue, and the foreigI producer has been enabled to unfairl,
 possess our home markets.
 | "Neither time nor space will permi | further reference to the unfortunat | revenue legislation of the democrati
 party, nor to the hurtful, demoralizins
 effects of it. Suffice it to say that i i has been the great and original facto | in breaking down confidence, checking progress, emptying the treasury, caus | ing continued deficits and enforced idle
 ness among millions of willing workers "To meet the monthly deficits an,
 protect our credit and save the govern
 ment from protest, the president ha
 been forced to sell bonds; in othe
 words, he has been obliged to mortgag
 the future in d time of peace to mee
 the current obligations of the govern
 ment.
 This is in sharp contrast with the re | publican record. Our traiff laws no
 only raised revenue, but they protecte
 our domestic industries; they impar
 tially protected the manufacturer an
 farmer, both in the north and in tn l south.
 Not only that, but they also raise
 sufficient revenue to gradually reduc
 the public debt, and without imposin
 grevious burdens upon the people. Dun ing the administration of Harrison $23