Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1896-08-01

During nine of these fifteen years the
trend of the gold movement in our
favor, and during only two of the remain
ing six years-that is to say, in 1889 and
1S91-was the outward movement large
enough to attract attention. In 1889
there We're large importations under the
tariff of 1888 for the purpose of antici-
pating the increased duties of the Nc
Kinley bill. and this caused an outward
huX of gold in payment. In 1881 the eX-
traordlnary outflow arose largely because
of the Barring failure, which caught in
its crash many foreign holders of Ameri-
can securities, who, being pinched for
ready money, had to return some of those
securities to this country fror redemption.
These explanations are ample to account
for the exceptional exports which char
acterized two of the years of the Harri-
son administration, when the revenues of
the country We're upon highly protective
basis. Adding imports together and COM
pairing results for the fifteen years in
question we find that the aggregate i'm
ports of gold exceeded the aggregate ex-
ports to the amount of SOL 1858
During this period the national debt was
reduced ., from s.. 349, 81, 232. Oh in 1879 to
l,o65 OF, 4536 % in 1892, total reduc-
ton of 1854, I16.41.
Now let us turn to the years from 1898
to 1896, when tariff reform held the
boards:
1 1907 -Exports --------.--- !, 52s, 942
1872 1S3s,* Exports -----------.- 80 9s4 40
1851 -EAports OBSERVATION-DISCLOSURES 14,511,252
*Eleven months ended May 81
Here we have a total loss of gold dur
| ing the short era of Democratic tariff
reform of $191 .531. JOG, or a net loss in
| four years of $95,962.9 $40 over the net
gain accumulated during the precedin.
| fifteen years During these same disas-
trous four years of Wilson-Gorman tar
! 1T reform, the national debt has been in
| creased in principal $3.50, 454, $50. and in
interest yet to be paid almost $3.50, OOO,-
900, or over S5OO.OOO,OOO in all. Had
| the voters of the United States not heed
| ed the false arguments of Democracy in
| 1892 the national debt, instead of being
increased in principal and interest over
| half a billion dollars in the intervening
! four years, would, at the same rate of
| decrease which prevailed from 1879 to
1872. have been lowered to the extent of
/ S224. o5S,oO1 .32, and instead of a loss of
S19I .531, JOG through gold exports we
| should, at the ratio of the preceding fif-
teen Republican years, have had a net
four years to $21, OS5, OH Recapitulat-
| ing these losses, and not saying anything
| of the tremendous personal losses infiict-
| upon all classes of American citizens
| for these in the aggregate are obviously
incalcula ble-we find that the ''change of
1892 from Mckinley protection to Will
| son-Gorman free trade has cost the gov
| eminent of the United States directly, in
its finances. not less than $949. liza,
| 620,32. a conclusion reached as follows:
Loss of gold through actual
Loss Of gold through what Ti'' 80 i'''' -
had the Republican ratio
from 1892 to 1896. .-....... 2T.oS5. o12 90
| Loss through increase in
| tional debt 500, 900, OOOO 90
| Loss through what would
| have been the reduction of
| debt had the Republican ra-
| ito of debt reduction which
| prevailed from 1879 to 1892
| prevailed also from 1892 to
| 1896 Z2fo)S ouf
Total loss -s949, ia. 625- 3:
| This loss has nothing to do with the
| question whether a gold or a silver
| standard is the better. 1t is direct
| fruit of the Democracys unwise aglta-
| ton against protection: palpa bic dem
| onstration that the tariff is emphatically
| an. issue in this campaign.-Scranton