The Coconino weekly sun., 1896-09-03
Good Money Never Made Time. Hard.

Good, Money Never Made Times Hard.
 "It is mere pretense to attribute the hard times to the fact that all our cur rency is on gold basis Those who as- sert that our present industrial and finan. etandard @ haVs not resd reS Amerean History alright. or been careful students of the events of recent years, We never had every fieid of employment and industry. than in the. busy years from 1SSO to 1852, during all of which time this country was money in its fiscal and business operations than ever before. We had, too. protective tariff under which ample revenues were collected for the government and an ac- cumulating surplus which was constantly applied to the payment of the public debt.
 Let us hold fast to that which we know is, good. It is not more money we want; ready have at work. When money is em- ployed. men are employed. Both have al- ways been steadily and remuneratively en- tariff legislation. When those who have money lack confidence 1T, the stability of values and investments. they will not part the iife-biood of trade is checked and congested. We cannot restore the pub lie confidence by an act which would rev tails a deficiency in the public revenues We cannot inspire confidence by advocat- ing repudiation or practicing dishonesty. We cannot restore confidence, either to the treasury or to the people, without change in our present tariff legislation.
 Tho Tari1 of 1894.
 "The only measure of general nature that affected the treasury and the employ ments of our people passed by the Fifty third congress was the general tariff act. which did not receive the approval of the president. Whatever virtues may be claimed for that act there is confessedly nT OyI tTh m nf loo f bf. essential virtue of its creation-the raising of revenue sufficient to supply the needs or the government. It has at no time pro- vided enough revenue for such needs, but treasury and steady depletion in the earn inSs of labor and land. It has contributed to swell our national debt more than $262.- CUO,VVo. a sum nearly as great as the debt of tlse government from Washington to Lincoln, including all our foreign wars from the revolution to the rebellion. Since ished: prices of agricultural products have fallen: confidence 'has been arrested and general business demoraliZation is seen on every hand.
 Tariffs of 1890 and 1894 Contrasted.
 '.The total receipts under the tariff act of 1894 for the first z months of its enforce ment-from September, 1854, to June. ls96- were s557. .6l5. 1928, and the expenditures s64O.- 4lS,S63. or deficiency of S2,S03,035. The de- crease in our eXportS>of American products months of the present tariff, as contrasted with the exports of the first 15 months of the tariff of 1890. was $22O ,353, Sl0. The ex- first l5 months of the tariff of 1890 was s213. .9729 96S, but only S5675s.623 under the first 15 months of the tariff of 1894. loss under the latter of sl57, ,2H .3i5. The net loss in the trade balance of the United States has been $196.9S3,GT during the first l5 months of the operation of the tariff of 1894, as compared with the first 15 months
 10 la, l.,re constant and steady, at the rate of SIS: 1S0,000 per month. or S500.00 for every busi- ness day of this year.
 we have lost steadily in both directions Our foreign trade has been diminished and our domestic trade has suffered incalcul- able loss. Does not this suggest the cause of our present depression. and indicate It's has almost wholly disappeared. Our shops are closed. or running on half time at re- duced wages and small profit. If not actual loss. Our men at home are idle and while they are idle men abroad are occupied in supplying us with goods. Our unrivalled home market for the farmer has also great ly suffered because those who constitute 1.-the great army of American wage-earn- ers-are without the work and wages they formerly had. If they cannot earn wages earn If they have no employment and when they do not earn the farmers home market iS lessencd and impaired, and the loss is felt by both producer and consumer. The loss of earning power alone in this country in the past three years is sufficient to have produced our unfortunate business si:ua- tion. If our labor was well employed. and employed at as remuneratiye wages as in 1892. in few months every farmer in the land would feel the. glad change in the in erased demand for his products and in the better prices which he would receive.
 should Open Mins. Not Mints.
 "It Is not an increase in the volume of money which Is the need of the time but an increase in the volume of business Not an increase of coin, but an increase of confidence. Not more coinage, but more active use of the money coined. Not open hints for the unlimited coinage D: the silver of the world, but open mills for the full and unrestricted labor of American of our hints for the coinage of silver would not bring the necessaries and comforts of life back to our people. This will only and such employment is certain to follow the reestablishment of wise protective policy which shall encourage manufactur- ing at home.
 The Party's First Duty.
 "Protection has lost none of it's virtue and importance. The first duty of the repub- lican party if restored to power in the country, will be the enactment of a tariff law which will raise all the money neces- sary to conduct the government. econom- ically ard honestly administered, and so adjusted as to give preference to home manufacturers and adequate protection to
 
 are not committed to any special schedules or rates of duty. They are and should be always subject to change to meet new conditions, but the principle upon which rates of duty are imposed remains the same. Our duties should always be high enough to measure the difference between the wages paid labor at home and ir com peting countries. and to adequately protect American investments and American en- terpriSes.
 Our Farmers and the Tariff.
 Our farmers have been hurt by the changes in our tariff legislation as severe ly as our laborcrS and manufacturers badly as they have suffered. The republic an platform wisely declares in favor of such encouragement to our sugar interests as will lead to the production on Ameri- can soil of all the sugar which the Ameri. can people use.' It promises to our wool and woolen interests the most ample pro- tection,' guaranty that ought to com mend itself to every patriotic citizen Never was a more gricvous wrong done the farmers of our country than that SC unjustly inflicted during the past three years upon the wool growers of America. Although among our most industrious and useful citizens their interests have been practically destroyed and our woolen man. ufacturers involved in similar disaster. At no time within the past 3G years, and per haps never during any previous period, have so many of our wooden factories been suspended as now. The republican party can be relied upon to correct these great wrongs, if again entrusted with the con- trol of congress.
 Reciprocity.
 Another declaration of the republican p1n has m cordial SiIDnOri