River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1896-09-03

and financial cohoiuon of the country
during his second administration. He con-
tinues:
Cause of the Change.
what a startling and sudden change
within the short Isr.od OF eight months,
from December, 1892. TO August, 1898. What
had occurred? A change or administra-
tion; all branches of the government had
been entrusted 10 "a dhe demoeratic party.
policy that had prevailed uninterrur teddy
for more than 50 years and brought un-
firmly pledged to its complete overthrow
and the substitution of a tariff for revenue
only. The change having been decreed by
the elections ia November, its effects were
at once anticipated and felt
1--WE cannot close our eyes to these al
tered conditions, nor would II be wise to
exclude from contemplation and inyestiga-
tion the causes which produced them.
These are facts which we cannot as peo-
pie disregard. and we can only hope 20 inn
their causes. In December, 1882, we had
the same currency and practically the
same volume of currency that we have
in 1893 81 s25 900 Geo. in 1894, ST. s2 442 1852 and
I'm December, 1885, 81, 1874, 000, 2S0. The per
capita of money, too, has been practically
the same during this whole period. The
quality of the money has been identical
all kept equal to gold. There is nothing
connected with our money, therefore, 10
account for this sudden and aggravated
Industrial change. Whatever is to be depre-
Gated I'm our financial system, II must every
where be admitted that our money has
been absolutely good and has Brought
neither loss nor Inconvenience t. Its
holders A deprecated currency has not
existed to further vex the troubled business
situation.
Good Money Never Made Times Hard.
TT is mere pretense TO attribute the
hard times to the fact that all our cur
rency is on a gold basis. Those who as
sert that our present industrial and finan-
ciai 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 THO country, In
every field OF employ ment end industry,
than in the busy years from 1880 TO 1892,
on a gold basis and employed more gold
money In it's 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 ba he Rsst ne bS S yh R1Se de6
r. good 1t is not more money We want;
what We want Is to put the money we al
ployed, men are employed. Both have al
ways been steadily and remuneratively en-
gagged during all the years of protective
money lack confidence I'm the stability of
values and investments. they win not part
with Their mTo99ey " Business +
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 reputation or practicing dishonesty.
we cannot restore confidence, either to the
treasury or to the people, without a change
I'm our present tariff legislation.
Comparing the tariffs OF 1890 and 1894. Mr..
Mckinley presents figures showing the
loss of revenue by the operation OF the later
act through the decrease In exports and
Increase OF imports. He says:
I'VE 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 its
remedy Confidence in home enterprises
has almost wholly disappeared. Our shops
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. II they cannot earn wages
they cannot buy products. They cannot
earn If they heye no employment, and when
they do not earn the farmers home mark Ell
ia lesseued 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 situa-
tion. if our labor was well employed. and
employed at as refnunerative wages as I'm
1892 in q few months every farmer I'm the
land would feel the glad change In the in
better prices which he would receive.
should Open Mills, Not MINIS.
sit 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
am increase of coin, but an increase of
confidence. Not more coinage, but a more
active use of the money coined. Not open
silver of the world, but open mills for the
full and unrestricted labor of American
workingmen. The opening to the world
tint q 81 coinage g mil
not bring the necessaries and comforts of
life back to our people. This will only
come with the employment of the masses.
and such employment Is certain to follow
the reestablishment of a wise protective
policy which shall encourage manufacture
@Protection has lost none of it's virtue and
Importance. The first duty of the repub-
lican party II restored to power in the
country, will be the enactment of tariff
law which Will raise all the money neces-
sary to conduct the government, econom-
icaIly and honestly administered, and so
adjusted as 70 give preference to home
manufacturers and adequate protection to
home labor and the home market. We
are not committed to any special schedules
OF rates OF duty. They are and should be
always subject 10 change to meet new
conditions. but the principle upon which
game. Our duties should always be high
enough to meas ure the difference between
the wages paid labor at home and in 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 laborers and manufacturers,
badly as they have suffered. The republic
an platform wisely declares I'm favor OF
such encouragement to our sugar interests
as will lead II the production on Ameri-
can soil Of all the sugar which the Ameri,
can people use. 1t promises to our wool
and wooden interests the most ample pro-
lection guaranty that ought to com
mend itself to every patriotic citizen.
With reference to the subject of reci-
procity the letter says:
I'm my judgment, congress should imme-
diately restore the reciprocity sections of
the old law, with such amendments. IL
any, as time and experience sanction as
wise and proper The underlying principle
of this legislation must, however, be strict
ly observed. II is to afford new markets
for our surplus agricultural and manu-
featured products, without loss to the
American laborer of a single days work
that he might otherwise procure.
Mr.. Mckinley heartily approves the dec
larations of the republican platform with
reference to foreign immigration. pensions,
our merchant marine and navy, civil ser
vice reform and other issues. but says
the financial integrity of the government
is a menace so grave as to demand especial
genee eonseenee ana e patriots ns of the
people, irrespective OF party or section.
for their earnest support He congratulates
the country upon the almost total obliter-
alton of sectional lines, and says that II
elected he Will aid to the utmost degree
in his power the promotion of tie spirit
of fraternal regard which should animate
and govern the citizens Of every section of
the republic.
after the lapse OF q century since its
utterance, let us. at length, and forever
after, heed the admonition of Washington:
There should be no north, no south, no
cast, no west-but common country
1t shall be my constant aim to improve
every opportunity to advance the cause
OF good government by promoting that
spirit of forbearance and justice which
is so essential to our prosperity and happt-
ness by Joining most heartily in all proper
III respect and affection which I'm our early
history characterized all the people of the
states | would be glad to contribute to-
wards binding I'm indivisible union the diff
ferent divisions of the country. which, in
deed, now have every inducement of SYM
more strongly than ever. i would rejoice
to see demonstrated to the world that
the north and the south and the east and
the west are not separated because of
sectional or party differences. The war
is long since over; we are not enemies.
fully and cordially cooperate, under the
approving smile of Him who has thus far
20 signaliy sustained and guided US to pre-
serve invfolate our country's name and
honor, lis peace and good order, and its
continued ascendancy among the greatest
''WIILIAM M'KINLEY."
TinPIate Association Disrupted.
Pittsburgh, Pa, Aug. 27.-The infor-
nation is current, 1t is said, from those
most vitality interested, that the Tin
nIate Manufacturers association has