The Coconino weekly sun., 1896-09-03

menace to our financial standing and credit otic citizen should be aroused to promptly meet and effectually defeat 1t.
 In the Hig hest Degree Roprehensiblo. It Is a cause for painful regret and so- iicitude that an effort is being made by those nn nigh in the eounsels of the allied partles to divide the people of this country into classes and create distinctions among us, which. in fact, do not exist, and are repugnant to our form of government. are beneath the spirit and Intelligence of a Tree people. and should be met with stern rebuke by those they are sought to influ- ettsn,nt ehce, and l believe they will be; Every classes against the masses. section against section, labor against capital, the poor against the rich, or interest against inter sst in the United States. Is in the highest degree reprehensible. It is opposed to the national instinct and interest and should be resisted by every citizen.
 sturdy, free, independent and honorable people, despising the demagogue, and never capitulating to dishonor. This ever-rccur- ring effort endangers popular government q new campaign device or party appeal. It Is as old as government among men. put was never more untimely and unfor- against 1t, and Webster said in the senate, In words which feel are singularly ap- propriate at this time: I admonish the people against tho object of outcries like these. ! admon!sh, every, industrious la. borcr of this country to be on his guard against such delusion. I tell him the at tempt Is to play off his passion against his of liberty. to destroy all the fruits of liberty
 Protection of Supreme Importance.
 Another issue of supreme importance Is that of protection, The peril of free sil- experiencing the effect of partial free trade. The one must be averted; the otter corrected. The republican party Is welded more earnest in its support than now. If argument were needed to strengthen de- votion to the American system or on the, party and people it is. found In the lesson and experience of the past three three ,G,,Sa years Men realize in their own them only report, history or tradition. They have had trial of both systems and know what each has done for them.
 Demanded by Public Exigencies.
 washington in his farewell address. September l7, lls6, 100 years ago, said:, As very important source of strength and se- curity, cherish public credit. One method of preserving 1t Is to use 1t as sparngly as debt. not only by stunning occasions of ex- pense, but by vigorous cxertions in time of peace to discharge the debts wkich un- avoidablc wars may have occasioned. not ungenerously throwing upon posterity the burlen which we ourselves ought to bear
 ITO facilitate the enforcement Of the maXims which he announced he declared: It Is essential that you should practically bear in mind that towards the payment of debts there must be revenue; that to have revenue there must be taxes: that no taxes inconvenient or unpleasant: that the in trinsic embarrassment inseparable from the selection of the proper objects (which Is always a choice of dificulties) ought to ton of the conduct of the government in making 1t: and for a spirit of acquiescence In the measures for obtaining revenue which the public exigencies may at any
 Animated by like sentiments the people of the country must now face the condi- tions which beset them. The public ex- lation which will avoid the accumulation, of further debt by providing adequate rev. enucs for the expenses of the government. If elected president of the United States 1t will be my aim to vigorously promote this object and give that ample encourage ment to the occupations of the American people which above all else Is so irnpera- lively demanded at this juncture of our na- tional affairs.
 Our Condition in December, 1899.
 'In December, 1892. President Harrison sent his last message to congress. It was m able and exhaustive review of the con- dition and resources of the country. It stated our situation so accurately that I am sure it will not be amiss to recite his official and valuable testimony. There never has been time in our history said he when work was so abundant, or when wages were so high. whether measured by the currency in which they are paid, or and comforts of fife. The general average of prices has been such as to give agri- culture q fair participation in the general prSS;SpsSri,y The new tndustrial gSnts es; and the extension of existing plants, loS. The new capital invested amounts to ployes. S7.2s5. During the first six months of tho present calendar year, 135 new fac tories were built. of which 40 were cotton silk mills. plush mills and 2 lincn mills. in the southern states. This fairly de- scribes the happy condition of the country in December. 1892.
 Our Condition Since and Now.
 "The messages of President Cleveland from the beginning of his second admins tration to the present time abound with descriptions of the deplorable industrial and financial situation of the country. While no resort to history or official state- ment is required to advise us of the present condition and that which has prevailed during the past three years, l venture to quote from President Clevelands first mes- sage, August 8, 1893. addressed to the Fifty" third congress, which he had called to- gether in extraordinary session. The ex- istence of an alarming and extraordinary business situation. said he, Involving the welfare and prosperity of all our people. has constrained me to call together in eX- tra session the peoples representatives In congress, to the end and that through the wise and patriotic exercise of the lcgisla- tive duties with which they solely arc charged the present evils may be miti- gated and dangers threatening the future may be averted. Our unfortunate financial plight is not the result of untoward events nor of conditions related to our natural re- sources. Nor Is 1t traceable to any of the afFictions which frequently check national growth and prosperity. With plcnteous crops, with abundant promise of rcEluner- ative production and manufacture. with unusual invitation to safe investment and with satisfactory assurances to business enterprises, suddenly financial distrust and fear have sprung up on every side. Nu- merous moneyed institutions have sus. pended because abundant assets were not imm ediately available to meet the de- mands of frightened depositors. Surviving cornorations and individuals arc content to keep in hand the money they are usually anxious to loan, and those engaged in legitimate business are surprised to find that the securities thcv offer for loans, though heretofore satisfactory, are no longer accepted. Values supposed to be fixed are fast becoming corjecturnl. and loss ard failurc have invaded every branch of business
 Cause of tho Change.