The herald., 1896-08-27
M'K|NLEYS ACCEPTANCE
Continued from First Page.

| glad change in the increased demand 1Or
his products and in the better prices
which he would receive.
NOT MINTS, BUT MILLS.
1t Is not increase in the volume of mon
| ey which is the need of the time, but an
increase in the volume of business. Not
an increase of coinage, but an increase
of confidence; not more coinage, but
more active use of the money coined;
not open mlnts for the unlimited coinage
| of silver of the world, but open mills for
the full and unrestricted labor of Ameri-
can workmen. The employment of our
mints for the coinage of the silver of the
world would not bring the necessaries
and comforts of life back to our people.
| This will only come with the employ
ment of the masses and such employ
ment is certain to follow the re-estab-
lshment of wise protective policy
which shall encourage manufacturing
at home. Protection has lost none of it's
virtues and Importance. The first duty
| of the Republican party if restored to
power in the country, will be the enact
ment of tariff law which will raise all
| the money necessary to conduct the gov
ernment economically and honestly.
| Administered and so adjusted as to give
| preference to home manufacturers and
adequate protection to home labor and to
| home market. We are not committed to
any special schedules or rates of duty.
| They are and will be always subject to
| change to meet new conditions but the
principle upon which rates of duty are
| imposed remain the same. Our duties
| should always be high enough to meas
| ure the difference between the wages
| paid labor at home and In competing
| countries and to adequately protect
| American investments and American
| enterprises.
Our farmers have been hurt by the
! changes in our tariff legislation as se-
verely as our laborers and manufacture
ers, badly as they have suffered. The
| Republican platform wisely declares in
| favor of such encouragement to our su-
gar interests as will lead to the "produc-
| ton on American soil of all the sugar
| which the American people use" 1t
| promises to our wool and wooden inter-
| ests the most ample protection" a
! guaranty that ought to commend Itself
| to every patriotic citizen. Never was a
| more grievouS wrong done the farmers
! of our country than that so unjustly in
| flicted during the past three years upon
| the wool growers of America. Although
| among our most industrious and useful
| citizens, their interests have been prac-
| tically destroyed and our woolen manu-
! facturers involved in similar disaster.
At no time in the past thirty-siX years.
| and perhaps never during any previous
roarin6 have CO mn Of o1Ir. 70
tories been suspended as now The Re-
publican party can be relied upon to cor
rect these great wrongs if again entrust-
ed with the control of congress.
RECIPROCITY.
Another declaration of the Republi-
can platform that has my most cordial
support is that which favors reciproc-
ity. The splendid results of the re-
| ciprocity arrangements that were made
under authority of the tariff law of 1890
are striking and suggestive. The brief
| period that they We're in force, in most
cases only three years, was not long
enough to thoroughly test their great
value. But sufficient was shown by the
! trial to demonstrate the Importance and
wisdom of their adoption. In 1892 the
export trade of the United States at
| tained the highest point in our history.
| The aggregate of our exports that year
! reached the immense sum of 81. C30 27S,-
( 14S, a sum greater by 1000, 600 900 than
the exports of any previous year. In
1898. owing to the threat of unfriendly
| tariff legislation, the total dropped to
/ $S47 665, 1874. Our exports of domestic
merchandise decreased $1S9, 700 900. But
reciprocity still secured us large trade
| in Central and South America, and a
larger trade with the West Indies than
| we had ever before enjoyed. The in
| crease of trade with the countries with
which we had reciprocity agreements
was $3, $50, SIS over our trade in 1892, and
| G,44072 over our trade in 1891. The
only countries with which the United
| States that showed increased exports
! in 1898 We're practically those with
which we had reciprocity agreements.
| The reciprocity treaty between this
| country and Spain, touching the mar
| lkets of Cuba and Costa Rica. were an
nounced September l. 1891. The growth
| of our trade with Cuba was phenomenal.
In 1891 we sold that country but ia, AL
| barrels of flour, in 1892, 1856, 175. In 1899,
Olo,fpo anu III 1907, oo,-fc-i 6ioW III vi
| nearly 500 per cent-While our eXporta-
| tions of flour to Cuba for the year end
ing June so, 1895, the year following the
| repeal of the reciprocity treaty, fell to
! 379, $50 barrels, a loss of nearly half our
| trade with that country. The value of
! our total exports of merchandise from
| the United States to Cuba in 1891,
the year prior to the negotiation of the
| reciprocity treaty, was 2224 ,0SS, in
1892, 1853, $40, in 1S93 $24157, COS, in 1894,
| $40, ,321, but in 1895, after the annul-
| ment of the reciprocity agreement, it
fell to only $12,SS7,661. Many similar
/ examples might be given of our in
| creased trade under reciprocity with
| other countries, but enough has been
shown of the efficiency of the legislation
of 1890 to justify the speedy restoration
of its reciprocity provisions. In my
| judgment congress should Immediately
restore the reciprocity section of the old
| law with it's amendments as time and
| experience sanctions as wise and prop
er. The underlying principle of this leg
| islation must however, be strictly OBJ
| served. 1t is to afford new markets for
| our surplus agricultural and manufac-
| turing products without loss to the
! American laborer of a single days work
that he might otherwise procure.