Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-08-27

and their policy holders, upon SdNl'b'
banks and their depositors; upon
their families; upon the savings OF tnrii
upon pensioners and their families, ana
upon wage-earners and the purchasing
power OF their wages.
IRREDEEMABLB PAPER MONEY.
The silver question Is not the only issue
affecting our money I'm the penang con- %
test. Not content with urging the ileo -
coinage o. silver. its strongest chdnlP lPi'iio ia
demand that our paper money shdi ~ pe
issued directly by the Govertihsne Gh,rsgo Demo, n
cratic declaration. The st. LOUIS -
ple's Party declaration Is that our ia
tional money shah be issued ny the 90. ue
eral Government only, without tny, ~,
ventlon Of banks of issue, De Iuil ,,i Iysei
tender for the payment OF an deD,s;
public and private" and be dlsu,Dutc1i
direct 10 the people and throubn, laM Thi,I
disbursements Of the government. ~
I'm addition to the free cOilase. % "a ,,rn,,
worlds silver we are asked 10 enter UPON
an era OF unlimited irredeeindple paPtS.
currency. The question which was iousnl
out from 1866 to 1873 IS mus 70 10 "a
opened with all its unceI sdiilelea, s eo,,
cheap money experiments or eNSrS ~ a.
ceivable form foisted upon US. ms ~
dicates a most startling reacuoilSiS ~, -
icy. strangely at VaflalCe h,,t tbe
requirement of SOUND ihaiCt' 'e ~, ~.
OF those who, by combined aCtion 80
coutending for the control OF the soE-
ernrnenf Not satisfied with the deDdse-
ment Of our coinage, when wouiu iii,,. IN,
bly, follow the free coinage ol Si,so, 49, 40 1s
ia 70 they would still further dosrauo
our currency and threaten the pubhc
honor bv the unlimited issue OF an HIe-
deemablc paper currency. a glaEer lit iii'
mace TO our financial stanulhs, dnu a, =, ,,a
could hardly be conceived. ana every pa
triotic citizen should be aTo0set l"
promptly meet and effectualy deieal It
HIGHLY REPREHENsIBLE.
= g carse for painful regret and solicit
+,i5e tbat an eifort is being MADE Dy
those high in the counsels OF the dlliSi
parties TO divide the people OF thitS,,,tio,s thiS
irv into classes and create ui9tli'N t',
among MS. which. in fact, 90 hot eNlal,
aud which are repugnant 10 our form OF
government These appeals 10 pd99lol,,
and prejudice are beneath the spiilt az aiiG
Intelligence Of a free people, alu shyutU 80.
he moi with stern rebuke by tnose lHes
are sought TO influence; and DeheNe
fhev XViU be Every attempt 10 ARA!
class against class-"the classes against
tho masses" section against secuoh, "a
hOr against capital, the poor aBt
tbe rich " or interest against duty-ls III
the highest degree repreheuslDie. IL ~
opposed to the national instinct anu ~
terest. and should be resisted by every
citizen We are not a nation or ciassts,
Int of sturdy. free, independent anu
honorable people. despising the deina-
gOgue and never capitulatng 10 ulsHOlol'
This ever-recurring effort endahsers pop-
ular government. and Is menace 10 Our
liberties II Is not a new campaign ue-
vice or party appeal. II is as old as gov
ernment amongst men, but was never
more Untimely and unfortunate ,H@.i
now Washington warned us against j.,
and Webster said IN the Senate in words
which feel are singularlS appropriate AT
this time: II admonish the people aEalu5l
the object Of questions ike these. l az
monish every industrious iaoofer OF thls
country 10 be on his guard against such
! tell him the attempt IS 20
play off his passion against his interest
and prevail on him. in the name OF lioer-
ty. to destroy all the fruits OF liberty.
PROTECTION.
Another issue Of supreme Importance IS
that OF protection. The peril OF nee sil-
yer is a menace 10 be feared: we are al
ready experiencing the etect OF palll9i
free trade. The one must be aVerled'
the other corrected. The RepubHcah
party is welded TO the doctrine OF pro-
lection, and was never more earnest III
its support and advocacy than now. II
argument were needed TO streng then us
devotion TO the American system, or IN
crease the hold Of that system on the
party and people, IL is found in the lesson
and experience Of the last three years.
Men realize in their own daily lives
what before was 20 many Of them only
report, history, or tradition. They nave
had a trial of both systems. and know
what each has done for them.
Washington, in his farewell address,
September IL. 1873 hundred years ago,
said: AS very important source OF
strength and security, cherish public
credit One method OF preserving il is
TO use Il as sparingly as possible. avoid
Ing the accumulation OF debt. not only by
occasions OF expense, but by
vigorous eXeruons in time or peace TO
discharge the debts which unavoidable
wars may have occasioncd, and not un-
generously throwing upon pOsterity the
burden which we ourselves ought 10
bear" To facilitate the enfOrcemnt of
the maxim which he announced. he de-
clared: 1T Is essential that YOU should
practically bear I'm mind that towards the
payment OF debts there must be revenue,
that 10 have revenue there must be
taxes; that no taxes can be devised which
are not more OF less inconvenient or un-
pleasant; that the intrinsic embarrass-
ment inseparable from the selection OF
the proper objects (Which IS always
choice Of diiiculties), ought 70 be de-
'isive motive for candid construction
Of the conduct Of the government in
making IL; and for a spirit Of acquies-
3cnce in the measures for obtaining reve-
nue. which the public eXigencies may at
any time dictate"
Animated by Ike sentiments. the peo-
Die Of the country must now face the con-
itlOns which beSet them. The "uublfc
sxigencies' demand prompt protective
legislation, which viii avoid the accumu-
atiOn Of further debt by providing aG.-
luate revenues for the expenses or The
government. This is manifestly the re-
luirement OF duty. II elected President
IF the United States II will be my aim TO
vigorously promote this object and give
ample encouragement 10 the occupations
lf the American people. which. above an
Use, is 50 imperatively demanded al this
uncture of our national affairs.
OUR CONDITION IN 1892.
In December, 1892. President Harrison
ent his last message 10 Congress. IN
vas an able and exhaustive review of
he condition and resources Of the coup-
ry. Ii stated our situation so accurate
y that ! am sure It will not be amiss
o reclte his Official and valuable testi-
nony. There never has been a time
N our history" said he when work
vas so abundant or when wages Were
% high, whether measured by the cur
ency In which they are paid or by their
,OWer 10 supply the necessaries and com
orts 90 life. The general average OF
'rices has been such as 10 give agricul-
ure fair participation in the general
prosperity. The new indus1rials plants
established since October g. 1880, and Wy
o October 22 1872 number 34j, and the
Extensions Of existing plants $50. The
lew capital invested amounts 10 so. rs
so. and the number OF additional en-
loyees to 5I2S5. During the first six
months of the present calendar year 1876
lew factories were built, Of which 10 were
Otton-mills, IS knitting-mills. 26 woolen-
Mills, 10 silk mills plush-mills, and ?
een built in the Southern States"
This extract fairly describes the happy
ondition Of the country in December
S92. What has it been since, and what
) II now?
The messages Of President Cleveland.
rom the beginning Of his second admin
stration to the present time. abound
With descriptions of the deplorable indus
rial and financial situation OF the coun-
ry While no resort 10 history or finan-
ial statement Is required TO advise us'
Z the present condition, and that which
as prevailed during the past three years.
venture to quote from President CleVe-
lnd's first message. August s. 1893 ad-