The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1896-08-29

rency is on gold bH<Ie. Those who as
clal depression is the result OF the gold
standard have not read American history
Alright. or been careful students OF t me
greater prosperity In this country, In
every field OF employment and Industry.
during i All OF which time this country was
on a gold basis aud employed more gold
money In is fiscal ana business operauons
tariff under which ample revenues were
collected for the government and an ac-
applied TO the payment OF the public debt.
Let US hold fast TO that which We know
Is good. IL IS not more money we want:
ready have at work. When money Is en-
ployed. men are employed Both have al
gagged during all the years OF protective
tariff legislation. When those who have
money lack confidence In the stability OF
values and Investments. they viii not part
with their money. Business Is stagnatcd
the life-blood of trade IL checked and
lie Coincidence by an act which would rev
olutlonize all values. or an act which en-
tails "A deficiency In the public revenues.
ing Reputation or practicing dishonesty.
We cannot restore confidence, either 20 the
treasury or TO the people, without change
ia Our present tariff legislation
The Tariff of 1894.
THE only measure OF a general nature
that affected the treasury and the employ
ments OF our people passed by the tifty-
third congress was the general tarin act.
which did not receive the approval OF the
president Whatever virtues may be
claimed for that act there is confessedly
one which ~ does not possess. IL lacks the
essential virtue OF IT'S creation-the raising
OF revenue sufficient TO supply the needs or
the government II has at no time pro-
vided enough revenue for such needs. but
Il has caused a constant deficiency I'm the
treasury and steady depletion I'm the earn
ings OF labor and lanc. lt has contributed
to swell our national debt more than S262,
OOO,0QO a sum nearly as great as the debt
OF the government from Washington 10
Lincoln. including all our foreign wars
from the revolution TO the rebellion. Since
it's passage work at home has been dimin-
ished prices OF agricultural products have
fallen. confidence has been arrested and
general business Generalization rs seen on
every hand.
Tarlfs OF 1890 and 1894 Contrasted.
THE total receipts under the tariff act
| OF 1874 for the first % months of its enforce
! ment-from September, 1854, to June, 1896
were 1851, 5,S2S, and tho expenditures 500 =
Assoc. or "a deficiency Of So, S03,0S5. The de-
| crease IN our exports OF American produces
and manufactures during the flrat ll
| months OF the present tariff, as contrasted
| with the exports OF the first 10 months OF
/ the tariff OF 1890, was $llO,5h3.32o: The eN-
cess OF exports over Imports during the
first 15 months OF the tariff OF 1870 was
! $2f3.972, $685. but only $5675s,623 under the
under the latter OF SI57 .2i4.s45. The net loss
| In the trade balance Of the United state.
/ has been sls6,9SS60 during the hrst. ],
months Of the operation OF the tnrin ol
/ 1894 as compared with the first IL months
! OF the tariff OF 1890. The loss has been large
constant and steady, al the rate OF Fly;
| $4,000 per month, or $ouVVVV lOf every Duhi'
| ness day OF this year. ,,,,.
our foreign trade has been diminiSs i q any
! our domestic trade has suffered incalcul-
I able loss Does not this suggest the cause
! OF our present depression, ana indicate W.
| remedy Confidence in home enterprises
| has almost wholly disappeared. Our shops
| are closed. or running on half time az re-,
ducod wages and small proht, y not net ~ M,
| they are idle men abroad are occupied M
supplying as with goods. our unriValleo
| home market for the farmer has also great
| IN suffered because those who consttut,
1.-THE great army OF American Wage-earn
crs-are without the work and wages they
formerly had. II they cannot earn wage,
| they cannot buy products They cannot
earn # they have no employment. and whef
they do not earn the farmers home marke
M iessencd and Impaired, and the loss Il
felt by both producer ana consumer. The
loss OF carning power alone In this countr,
I In the past three years Is suthcientfo have
| produced our unfortunate business situa
lion. II our labor was well employed. ans
employed az as remuneratiye wages "a as -, y
land would feel the glad change in the in
erased demand for his products and Ia te
better prices which he would receive.
should Open Minis. Not MINIS.
"tt "a not an increase In the volume o
money which Ia the need of the time, blu
| an increase IN the volume OF business. No
an Increase OF coin, but an increase o
ronddence. Not more coinage but a nor
active use OF the money coined. Not ope
mints for the unlimited coinage OF tn
| silver OF the world, but open mills for tn
fun and unrestricted labor OF American
| WorlSingmcn. The opening TO the WOrl
OF our minis for the coinage OF silver woul
not bring tho necessaries and comforts o
life back TO our people. This VIII onl
como with the employment of the masses
and such employment Is certain TO follow
L fHn IA al
policy which shall encourage manufactui
Ing at home.
The Party's First Duty.
.'ProtectIon has lost none OF It's virtue an
importance. The first duty OF the repuh
lican party II restored 20 power m IN
: country, will be the enactment OF tart
! law which Will raise oil the money neccs
sary 10 conduct the government. econom
4. icaily and honestly administered, and =
: adjusted as 20 give preference TO HON
home labor and the home market. w
D are not committed 70 any special schedule
or rates OF duty Ihsy are ana , nncp'n ne,
: conditions. but the principle upon whic
: rates of duty are imposed remains th
y | same Our duties should always be- hig
: enough TO measure the difference botwee
. | the wages paid labor at home ana IN con
= peting countries, and 10 Adequately protes
h American investments ana American 81
e terprises.
our Farmers and the Tariff.
e .Our farmers have been hurt by a.
! | changes In our tuflU lcslhlAtloh hS btftl'
. | ~ as our laborcrs and manufactures
i badly as they have suffered. The republi.
= AN platform wisely declares I'm favor {
T. such encouragement 10 our sugar interest
g as will lead to the production on Amer
II can soil of all the sugar which the Amer
IS can people use. IL promises 10 our WOO
: ana wooden interests the most ample pre-
h tection.' a guaranty that ought 10 con
q mend itself 10 every patriotic citize
Il Never was a more grievous wrong dor
d the farmers OF our country than thht
i uniustly inflicted during the past tire
J. years upon the wool growers OF Americi
Il Although among our most Industrious an
= useful citizens their interests have bee
x practically destroyed and our wooden maj
II ufacturers involved In similar disaster.
y no time within the past 36 years. and pc
n haps never during any previous perio
Il have 80 many or our WOODEN factories pee
D. suspended as now. The republican part
o can be relied upon TO correct these Ere'
,e wrongs. N again entrusted with the col
4 troll OF congress.
n Reciprocity.
Another declaration OF the republics
platform that has my most cordial suppo
q Ia that which favors reciprocity. The sple
b | ala results OF the reciprocity arrungcmen
a. ~ H.. 90