Red Lodge picket. [volume] (Red Lodge, Mont.) 1889-1907, 1896-06-20


which the republican party had wisely
accumulated for the protection Of the
government credit The drain upon the
reserve for the redemption of green
backs and treasury notes greatly sur
passed all prior experience and enpha'
sized the discredit into which the demo
cratic administration had fallen. An at
ter want Of confidence in the admins
tratlon possessed the people.
Destroyed the Mckinley Law.
the democratic party WAS harmonious
upon one subject. ard that was the 'le-
stlncton Of the Mckinley law. But when
they came to the exercise OF the creative
faculty. the enactment Of a great rev
enue measure in its stead there was
alscorl. The imperiled interests of the
country watched and waited through
ong ani anxious months for some set
tlcmnnt of the important question. They
wanted an end to the uncertainty. AT
length the Wilson bill was adopted anH
it WAS characterized by a democratic
president as the child of perfidy and dis
honor 1t was SO bad that he would not
contaminate his hand by signing it. A
bill that was too base for Mr. Cleveland
10 approve il; too rotten for the approval
Of the American people.
This Important law was wanting in
ure. for it failed to provide adequate
revenue to meet the requirements Of the
government. The deficiency thus far
amounts to some $50. 0O0. The end is
not yet. for the deficiency grows day by
day This leaves the public credit in
constant peril. Our foreign credit is I'M
paired and domestic capital feels inse-
cure.
THE sectional favoritsm of the wills IN
J.. 81;
blow at the sheep industry was an un-
pardonable offense. 1t was a fragrant
wrong to the farmers of the Unit FL
States. This great industry had devel-
oDed and grown under republican pro-
tective laws until it one of our
greatest. We are now sending abroad
millions Of dollars for wool which were
paid to our farmers under the Mckinley
,aW.
The bill struck down reciprocity, one
Of the highest achievements in -Anerc IN
craftsmanship. No measure was ever en-
acted which more directly advanced the
interest of the American farmer and
manufacturer than reciprocity With its
destruction fell advantageous commercial
agreements under which our products
were surely finding larger and more PROF.
table foreign markets, and without the
surrender of their own. The substitu-
ton Of ad valorem for specific duties has
opened the way for systematic and
wholesale frauds upon the treasury ana
producers and employers of the country.
Ey means of under-yaluations foreign
goods pass through the custom houses
without paying their just tribute to the
treasury of the United States. Thus We
have lost millions Of dollars in revenue,
md the foreign producer has been en-
3blcd to fairly possess our home mar
kets.
'Neither time nor place will permit
further reference TO the unfortunate leg
Is aticn Of the democratic party. nor to
The hurtful. demOraliZing effects of it.
Suffice ii to say that it has been the
great and original factor in breaking
down confidence, checking progress,
emptying the treasury. causing contn
ued deficits and enforced idleness among
millions of willing workers. To meet the
monthly deficit and protect our credit
ana save the government from protest.
the president has been forced to sell
bonds: in other words. he has been
obliged TO mortgage the future in a time
Of peace to meet the current obligations
of the government.
Republican Record.
This is in sharp contrast with the re
publican record. Oar tariff laws not
our domestic industries they impartialy
protected the farmer and the manufac
turer. both north and south. Not only
that but they raised sufficient revenue
To gradually reduce the public debt. and
without imposing a grievous burden upon
the people. During the administration Of
Harrison $226 900 COO of obligations were
paid while Cleveland, during the last
three years, has added to our interest
l r1.l ntl ,J,l,
democratic tinanciering the republican
rarty enters its emphatic protest Hav
ing attempted to reverse the tariff policy
of the United States with such lament
able results. the democratic party no"
proposes to reverse the currency policy.
1T turns to the currency as the parent
of our ills. Its effort to shift the re
sponsibi.ity will deceive 10 one. It's at
tack upon the tariff. its return to incl
ficiency ana insincerity, are Il part Of the
unfortunate history of the republic. The
present currency system is the fruit of
republican wisdom. 1t has been adequate
to all our past necessities and if un-
corrupted VIII meet our future require
nents Our greatest prosperity was at
fained when the republican currency
laws We're in full operation. When the
ePublcan party WAS in power our cur
fency WAS good: it was made good
as the best the globe. We made
sound money and we also made an hon
est protective tariff to go with it. Sound
money and an honest protective tariff
go hand in hand The very foundation
of a sound currency system is a solvent
treasury If the people doubt the integ
rity Of the treasury they will question
tbs. soundness of the currency. RecoS-
nizing this fundamental fact. the repub-
lican party always provided ample rev
cnue for the treasury. When in the last
half century of our history did the dem
Ocratic party advocate q financial policy
that was in the best interests Of the
American people? Look at its ante-bel-
lum currency record: consider its hostl-
ity to the currency, rendered necessary
Nv the exigencies Of war. and later, its
effort to initiate the currency in 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 DIS
credited state bank currency. The re-
publican party has not been un1rlendlE
to the proper use OF silver. II mas di-
WAYS favored and favors today, the use
Of silver ~ Il part of our circulating
medium But it favors that use under
such provisions and safeguards as shall
not mperil our present national stan
dard The policy of the republican party
is to retain both gold and silver as part
of our circulating medium. while the
policy of free coinage of silver leads %
certain silver monometallism. 1t IS an
immutable law that two moneys OF un-
equal value will not circulate together,
ana that the poorer always drives out
the better.
international Bin,ctnIiism.
't'rhe republican party desiring fairy
TO secure a large use of silver pledSeu
itself IL favor of an international agree
ment Harrison. true to the pledge oi
the party took the tnitiatory steps, ana
invited an international monetary con-
ference at Brussels. at which the SUP
ioct of an international coinage agree
ment was ably and profitaby discussed.
The democratic party was also commit
ted to international bimetailsm. put
when it came into power the work Whlch
had been so auspiciously begun by the
repub lean party was abandoned. 1T was
so absorbed in its efforts to break down
the Mckinley law and empty the treas
ury that it had no time to promote IN
tcrnati0nal bimetalllSm
.1'nnSn who profess to believe that this