The American guide., 1896-08-29

fast to that which We know Is toou ~ ~ hVt
more money we want; what we want is to put
the money we already have at work When
money is employed men are employed. Both
have always been steadily and remuneratively
engaged during NIL the years OF protective
tnrln legislation. When those who nave
money lack confidence i'd the staollly OF
values aud investments they will not part
with their money, Business is stagnated-the
life blood ef trade is checked and cohges'eu'
We caL nc1 restore public confidence by nn
act which would revolutionizc all values or
an act which entails q deficiency in the
public revenues. We can not Inspire conn
dence by advocating repudiaion or prastieing
dishonesty, We can not restore conhdcnce
either to the treasury or to the people WITH
out change in our present tnrln legislation
The Tariff of 1894.
The only measure OF general nature that
affected the treasury and employment OF our
people passed by the hity third congress was
the general tariff act which did not receive
the approval OF the president Whatever VIZ
tues may b. claimed for that act, there is con
ieS,edly ono which it does not possess. 1t
lacks the essential Virtue Of It's crcauon-the
raising OF revenue Sufhclent to supply thc
needs Of the government
1t has at noIime.proydcd enough revenue Tot
such needs, but 1t has caused constant den-
cheney in the treasury and steady depletion
In the earnings Of labor and land IL mas con
tributCd to swell our national DEBT more lhah
s!6a 0co coo sum nearly as great as the debt
Of the government from Washington to Lin
coin, including all our foreign wars from the
revolution to the rebellion. Since It's passage
work at home has been diminished prices OF
agricultural products have fallen confidence
has been arrested, aud general business de-
morallzatIon Is seen on every hand
The Tariffs of 1890 and 1898 tontrasted'
The total receipts under the tariff act OF
1874 for the first - months OF Its enforcement,
from September 1894, to June, ls1 were s55''-
Gl5,S2s and the expenditures NiO,4lsSB, or
deficiency OF So ,s03 03S The decrease In our
exports OF American products nnd manufae-
lures during the hrst Is months Of the present
tarir, US c0ntrusted with the exports OF lhc
Hrst 10 months Of the tarir OF l'gJ was s.aO,-
359,3!0 The excess OF exports over im-
ports during the first Is months OF the tarih
OF 1890 was s9l3,05296s, but only s6iN.@S
under the first Is months Of the tartn OF
ls0i "A loss under the latter Of sl5i2l4,Sia
The net loss in the trade bulaLcc OF
the unilel STATES has been slgd'-
qsi6O5 during the first Is months
operation Of tho tariff OF 1874, as compared
with the first Is months OF the tariff Of
1890 The loss has been large, constant and
steady. at the rate Ot Sl3 10000 per month, or
so0OlO for every business day OF the year.
Losing In Both Directions.
We have either been sending too much
money out OF the country, or getting too little
in, or both,
We have lost steadily In both directions
our foreign trade has been diminished, aud
our domestic trade has suffered lncalcllahlc
loss Docs not this suggest the cause Of our
present depression and indicate ITS rcmcdy'
Confidence in home enterprise has al
most wholly disappeared. our shopS
are closed or running on half
time at reduced wages aud small prOlll, II not
actual loss our men at home are idle, and
while they are idle men abroad are occupiclin
supplying us with goods our unrynllcd home
market for the farmer has also greatly sui
fercd because those who constitute i'-tAo
great army Of American wagc-earncrs-
without the work and wages they formerly
had. II they can not earn wages they can not
buy products. They can not earn II they have
no employment, and when they do not earn
the farmers home market is lcSscncd and I'm
paired and the loss IS felt by both
producer and consumer The loss OF
cnrnng power alone In this country In
the past three years is sufficient to have
produced our unfortunate business situa.
ton. II our labor was we'll employed, and en-
ploycd at as remuHcratiye wages as In ise!, go
d few months every farmer In the land would
feel the glad change in the Increased demand
for his products, and In the better prices which
he would receive
Not Open Mints, hut Open Mills.
II 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 u more active use Of the money
apncd Not open mlnts for the Unlimited
'&Nnage OF tho silver OF the ID, but open
~ -tAs -lhss- --=.f,,. .<--ias"----'i
American workingmcn. 1itusuploymcnt OF
our mlnts for the coinngc OF tho silver OF the
world would not bring the necessarles
and comforts Of life back to our pco-
employment OF tho masses, and such
employment is certain to follow the re-estab-
llshment OF wise protective policy which
shall encourage manufacturing al home. Pro.
lection has lost none OF Its virtue and I'M
portancc, The INST duty OF tho rcpubd'
can party, II restored 10 power In
the country, will bo the enactment OF
turin law which will raise all the money
necessary to conduct the government cconoln-
lcnlly AND honestly administered, and so ud-
lustod as to give preference to home manuf1c-
iurcrs aud adequate protection TO home labor
and the home market We are not committed
TO any special schedules or rates " duty, They
are and should be always subject TO oehangc
to mcctncw conditions, but the principle upon
when rates OF uuN Al' lHP"H'N ~
mains the sane our duties should
always be nigh enough to measure the dlTcr-
cnec between tho wages paid labor at home
and Ia competing countries and TO adequately
protect American Investments and American
enterprises,
our Farmers aud the Tariffs,
our farmers have been hurt by the changes
In our tnrin legislation Ms severely ~ our la
borcfs And manufacturers, badly as they
!
form wisely declares In favor of such en-
gouragcment to our sugar interests "as will
lead to the production on American soil of all
the sugar which the American people use It
promlscs to our wool and woolru interests
''thc most ample protection guaranty mat
ought TO commend itself to every patriotic cit
isen Never was moro Rricvous wrong done
the farmers Of our country than that 40 un-
| Justly inflicted during the past three years
| upun the wool growers Of America Although
| among our most Industrious ana useful cltia
| ycnS, their Interests have been prnc-
/ ueally DESTROYED and our wooden manufacture
/ rrs involved In similar disaster At no time
within the past 10 years and perhaps
never during any previous period, have 40
many Of our wooden factories been suspended
] ns nov, The republican party can be relied
upon to correct these great wrongs II again ln-
trusted With the control Of congress-
Reciprocity.
] Another declaration of the republican plat
| form that has my most cordial support, Is that
which Myors reciprocity The splendid re.
suits OF the reciprocity arrangements that
were made under authority of the tarlN law Of
/ lsy0 are striking and suggestive, The bricf
period they were In force, In most eases only
] three years, was not long enough to thor
ou.hly test their great value, but sufficient
was shown by the trial to cohclusyey demon
stratc the importance and the wisdom Of their
adoption. In lsge the export trllo Of tho
United states attained the highest point In
our history The aggregate Of our exports thnt
year reached the immense sum oi $40 Op'slis,
a sum greater by tiOo0olOl0 than the exports
Of any previous year In lspa, owing TO hN
threat OF unfriendy Rrlr legislation, tho
total dropped 10 ssisG6,,lpi our exports OF
domestic merchandise decreased tlHg 100 600,
but reciprocity still secured US u large trade In