Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1896-08-08

During nine of these fifteen years the
trend of the gold movement was in our
favor, and during only two of the remain
ing six yCarS-that is TO say, in 1883 and
1S9l-Was the outward movement large
enough TO attract attention. In 1889
there were large impOrtations under the
tariff of 1883 for the purpose of antici-
pating the increased duties of the Nc
kinlcy bill, and this caused an outward
fluN of gold in payment. In 1891 the eX-
traOrdinary outflow arose largely because
of the Barring failure, which caught in
its crash many foreign holdcr- of Ameri-
can securities, who, being pinchcd for
ready money, had TO return some of those
securities TO this country fror redemption.
These explanations are ample to account
for the exceptional exports which char
actcrlzcd two of the years of the lIarri-
son administration, when the revenues of
the country were upon n highly protective
basis. Adding imports together and com
pairing results for the fifteen years in
question we find that the aggregate i'm
ports of gold exceeded the aggregate cx-
ports to the amount of SOL, 56S.310.
During this period the national debt was
reduced from S2,319. J67 ,232.04 in 1870 TO
81 ,5G3 .G12.455.G3 in 1892, Il total reduc-
ton of S1S5,9J4. 116.41.
Now let MS turn to the years from 1893
to lS96, when tariff reform held the
boards:
1873 Exports .sS7. SOC 4G3
80 EAIIcIts '.'''''.'''"..... 4,J2S,9l2
49, EAports ...'............. 30,9Si,4i9
io'o' EXPORTS .......,......... Il,Jll, Do
'Eleven months ended May 81.
Here we have a total loss of gold dur.
ing the short era of Democratic tariff
reform" of S191. J31 LOG, or a net loss i'm
four years of so, 962.9 76 over the net
gain accumulated during the preceding
fifteen years. During these same disas.
r,.ty f,,,. ,.an u. - Vii
i'll reform, the national debt has been in
creased in principal S260,454,3 $50. and i N
interest yet to be paid almost S2JO,OOO,-
600, or over $500 O0, 900 in all. Had
the voters of the United States not heed.
ed the false arguments of Democracy j n
1892 the national debt, instead of being
increased in principal and interest over
half 4 billion dollars in the intervening
four years, would. at the same rate of
decrease which prevailed from 1879 TO
1872, have been lowered TO the extent of
SOL, 55S, J01 81, and instead of n loss of
Sl97. 531 LOG through gold exports we
should, at the ratio of the preceding ff-
teen Republican years, have had a net
gain through imports amounting in the
four years TO So, or. Recapitulat.
ing these losses, and not saying anything
of the tremendous personal losses inflict-
ed by the tariff reform" experiment
upon all classes of American citizens
for these in the aggregate arc obviously
Observation-Disclosures find that the ''change of
1872 from Mckinley protection TO VIII
son-Gorman free trade has cost the gov
eminent of the Emitted States directly. in
it's finances, not less than S949. ia
62o,32. a conclusion reached as follows:
Loss of gold through actual
export ..S197, 531, 1000
Loss of gold through what
would have been imported
had the Republican ratio
from 1878 to 1892 obtained
from 1892 TO 1896 ......... 27,Os5, O12!oO
Loss through increase In na-
tional debt ............... 5Oo,O 900, 900. 90
Loss through what would
have been the reduction of
debt had the Republican ra-
ito of debt reduction which
prevailed from 1879 to 1892
prevailed also from 1892 to
1896 224,55 .5O7. 80
Total loss .S9i9, ia, 625. 80
This loss has nothing to do with the
question whether n gold or a silver
standard is the better. 1t is a direct
fruit of the Democracy's unwise agita-
ton against protection; a palpable dem
onstration that the tariff is e%mphatically
an issue in this campaign.-Scranton