Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1896-09-03
Republican Presidential Candidate
Takes a Bold and Manly Stand.


WV ~ paw NAA "uS
1uate revenues for the expenses of the
Government. This is manifestly the re-
0uirement of duty. If elected President
OF the United States it will be my aim to
vigorously promote this object and give
that ample encouragement to the occu-
pat1ons of the American people which
above all else is so imperatively demanded
al TINS Junctnre Of our national affairs.
Conditions in 1892.
In December, 1892, President Harri-
son sent his last message to Congress. 1t
was an able n exhaustive review of the
condition and resources Of the country.
1T stated our situation so accurately that
! am sure it will not be amiss to recite
his official and valuable testimony.
There has never been a 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 by their power to
.uppiy the accessories and comforts of
lie. The general average of prices has
been such as to give to agriculture a fair
participation in the general prosperity.
The new industrial plants established
since Oct. 6, 1890, and up to Oct. %, 1892,
Ing plants, los. The new capital invest
ed amounts to $4O,446.O6O and the num-
Der of additional employees 1885. Dur
ing the first six months of the present
calendar year 135 new factories were
built. of which 40 were cotton mills. 4S
knitting mills. 20 wooden mills. 10 silk
mills. 4 plush mills and 2 linen mills. OF
the 40 cotton mills. p have been built in
the Southern States"
This fairly describes the happy condi-
ton OF the country in December, 1892.
What has it been since and what is it
now!
Condition Eight Months Later.
The messages Of President Cleveland
from the beginning of his second admins
tratlon 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
nent is required to advise us of the pres
tnt condition and that which has pre-
vailed during the last three years, l ven
ture to quote from President Cleveland's
first message, Aug. s. 1888. addressed to
the Fifty-third Congress, which he had
called together in extraordinary session:
The existence of an alarming and extra
ordinary business situation" said he. "in-
volving the welfare and prosperity of our
people, has constrained me to call to-
gether in extra session the peoples repre-
sentatives in Congress. to the end that
through the wise and patriotic exercise
ct the legislative duties with which they
solely are charged the present evils may
be mvigated and dangers threatening the
future may be averted. Our unfortunate
financial plight is not the result of I'M
toward events, nor of conditions related
10 our natural resources. Nor is it trace
able to any of the Affections which fire.
luently check national growth and pros
perlty. With plenteous crops, with abun-
liant promise Of remunerative production
and manufacture, with unusual invitation
to safe investment and with satisfactory
assn RI noes fn h1G5nnSc an nvp sicnd crH
denly financial distrust and fear have
sprung up on every side. Numerous
moneyed institutions have suspended be-
cause abundant assets We're not availa-
BILE to meet the demands of frightened
depositors. Surviving corporations and
individuals are content to keep in hand
the money they are usually anxious to
ness are surprised to find that the So 'uri-
ties they offer for loans, though hereto
fore satisfactory, are no longer accepted.
Values supposed to be fixed are fast be-
coming conjectural and loss and failure
have invaded every branch of business"
Cause of the Change.
What a startling and sudden change within
the short period OF eight months. from De-
cember, 1892, to August, 1893! What had
branches Of the Government had been in
trusted to the Democratic party. which was
committed against the protective policy that
had prevailed uninterruptedly for more than
thirty-two years and had brought unexam-
pied prosperity to the country, and firmly
pledged to Its complete overthrow and the
substitution Of a tariff for revenue only.
The change having been decreed by the cleo
lions in November, Its effects were at once
anticipated and felt. We cannot close our
eyes to those altered conditions, nor would
Investigation the causes which produced
them. They are facts which we cannot as a
people disregard. and we can only hope to
Improve our present condition By a study Of
the same volume Of currency that we have
i! na1 1ses ). : 1900 s.Soe.s Co., - i! FL ISL w ss:s IS; ~ SS1;
ss2; and In December. 1895; g, l9l, ooo, $50.
tho same during this whole period. The quail
ity Of the money has been ldentical-all kent
equal to gold. There y nothing connected
this sudden ana aggravated Aci ipdustr 1of
change. Whatever IL to be deprecated In our
financial system. 1t must every where be ad.
mitted that our money has been absolutely
good and has brought neither loss nor incon-
v~enience to Its holders. A deprecated cur
rency has not existed to further vex the trou.
bled business situation.
Good Money and Hard Times.
1t IL a mere pretense to attribute the hard
times to the fact that all our currency is on
a gold basis. Good money never made times
hard. Those who assert that our present in
dustrial and financial depression Is the re.
suit of the gold standard have not read
American history Alright or been careful stu
dents Of the events Of recent years. We
never had greater prosperity in this country
In every field OF employment and ind,lstr nv
than in the busy years from 1850 to 1897.
during all of which time this country was on
a gold basis and employed more gold money
In its fiscal and business operations than
ever before. We had, too. a protective tariff
under which ample revenues were collected
for the Government and an accommodating sur.
plus which was constantly applied to the
payment Of the public debt. Let us hold
fast to that which we know Is good. 1t is not
more money w 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 remu.
neratively employed during all the years OF
protective tariff legisla flOn. When those
who have none lack confidence In the sta
bility OF values and investments they will
not part with their money. Business IA stag
nated-the life blood Of trade is checked md
~congested. We cannot restore public conf
dence by an act which would reyolutionize
all values or an act which entails de6ciencv
In the public revenues. We cannot INSPIRE
confidence by advocating reputation or
practicing dishonesty. We cannot restore
confidence, either to the treasury or to the
people, without q change In our present tari6
legislation.
The Tariff Of 1904.
The only measure OF q general nature thar
affected the treasury and the employment
OF our people passed by the Fifty-third Com