The morning times. [volume] (Washington, D.C.) 1895-1897, 1896-08-27

|
ITO s: Sunday. 10 to r. Consultation free
and strictly confidential.
before was to many Of them only report
history, or tradition. They have had a
| trial or both systeuis and know what each
has done for them.
DEMANDED BY THE PUBLIC EX.
IGENCIES.
Washington. in his farewell address, Sep
TENDER IL, 1856, hundred years ago,
said AS Il very important source OF strength
| and security, cherish public credit. One
| method OF preserving II is TO use it as
| sparingly as possible, avoiding the ac-
| cumula ion of debt, net only by stunning
| occasions or expense but by vigorous ex-
! ertioDs in time of peace to discharge the
debts which unavoidable wars may have
occasioDed, not ungenerously throwing upon
posterity the burden which We ourselves
ought TO bear"
| TO facilitate the enforcement OF the
| maXims which he announced he declared:
| 1T is essential that you should practically
! bear in mind that toward the payment
! of debts there must be revenue. that to
| have revenue there must be taxes; that
! no taxes can be devised witch are not
! more or less inoonvenient or unpleasant;
| that the intrinsic embarrassment INSOFAR
| able from the selection OF the proper OBJ
| jecis (which is always Choice or diff
| cul .ies) ought to tie Il decisive motive for
| candid construction OF the conduct OF
| the government iii making it, and for u
| spirit -aclCiescence in tie measures for
obtaining revenue which the public OK
igencies may at any time dictate"
Animated by like sentiments, the people
OF the country muSt no " face the co II iitions
which beset them. The public exigcncies
demand prompt protective legis la ton
which Will avoid the accumul alton OF
further debt by providing adequate reve-
nues for the expenses OF the government.
This is manifestly the requirement Of duty.
II elected President Of the United States
it Will be my aim to vigoro Isly pro mote this
object and give that ample encouragement
to the occupations OF the American people
which, above all else. is So imperalively
demanded at this juncture OF our national
affairs.
CHANGES.IN 1892 AND 1893.
Major Mckinley then reviews the con-
dition OF the country in December, 1892,
when President Harrison sent his last
message TO Congress, with the condition
in August, 1893, when President Cleve-
land called The extra session of Congress
In speaking of the change which this
comparison shows, he says:
1t is IA mere pretense TO attribute the
hard times to the fact that all our cur
rency Is on n gold basis. Good money
never made hard times. Those who assert
that our PRESENT Industrial and financial
depression is the result of the gold standard.
have not read American history Alright, or
been careful students of the events OF
recent years. We never had greater
prosperity in this country, in every field
of employment aud industry, than in the
busy years rom 1880 to 1899, during
all of which time this country was on Il
gold basis, and employed more gold money
in its fiscal aud business operations than
ever before.
We had, too, a protective tariff under
which ample revenues were collected Ior
the gov Q .Dmentand an accCmulatings surplus,
which ACKNOWLEDGEMENTS TO The pa yment
of the public debt. Let Us hold fast To that
which weknO wisgood ltisnotmOre money
that we want; what We want is to Put
the money we already have at work. When
money is employed, men are employed.
Both have always been steadily and re-
muneratively engaged during all the years
e. OF protective tariff legislation. When those
who have money lack confidence in the sta
bility of values and investments they Will
not part with their money. Business is
stagnated. the life blood oi trade is checked
and Congested. We cannot restore the
public confidence by an a ct which would
revOlutionize all values, or an act which
entails deficiency in the public revenues.
We cannot inspire confidence by advocating
reputation or practicing dishonesty. We
cannot restore confidence either TO the
Treasury or TO the people without u change
In our present tariff legislation.
TARIFFS COMPARED.
OF the tariff Of 1894 he says: Whatever
virtues may be claimed for that act there
iS mn - w ii, ipp mot
1t lacks the essential virtue OF its creation
the raising of revenue sufficient to supply
the needs OF tie government. 1t has at no
time provided enough revenue for such
needs, but 1t has caused constant de-
ficiency in the Treasury and a steady de-
pletIon i n the earnings OF labor and land.
1t has contributed to swell our national
debt more than S262, 900, 900, a sum nearly
us great as the debt OF the government from
Washington to Lincoln, including al. our
foreign wars from tile revolution to the re-
be!lion. Since its passage, work 1T home
has been diminished; prices of agricultural
products have fallen: confidence has been
arrested and general business deInoraliZu-
ton is seen on every hand.
He next compares the tariffs of 1890
and 1894 and shows how the country is
losing in foreign and domestic trade. He
says:
money which is the reed of the time, but
an increase in the volume of business Not
an increase of coin, but an increase Of con-
fidence. Not more coinage, but a more
active use of the money coined. Not
open mints for the Unlimited coinage of !
the silver of the world, but open mills for |
the full and unrestricted labor of Amer |
lean workingmen.
The farmers, he adds, have been as |
severely hurt by changes in the tariff as |
the laborers and manufacturers, badly as
the latter have suffered. He continues:
RECIPROCITY.
Another declaration OF the Republican |
platform that has my most cordial support |
is that which favors reciprocity The |
splendid results of the reciprocity arrange
ments that were made under authority OF |
the tariff law OF 1890 are striking and sug-
gestive. The brief period they were in |
force, in most cases only three years, was
not long eEolgh to thoroughly test their
great value, but sufficient was shown by |
he trial to conClusively demonstrate the
Importance and the wisdom OF their adol-
ton.
In my Judgment, Congress should |
restore the reciprocity seq
tons OF the oil law, with such amendments,
4 any, as time and experience sanction us |
wise and proper. The underlying princi-
pie of this legislation must, however. be /