Pine Bluff daily graphic., 1896-08-28
tor, Second and Louisiana Streets, Little Rock, Al

vided enough revenue for such needs, but 1t has cansed q constant deficiency in the treasury and steady depletion in the earn ngs of labor and land It has eon- tributed to swell our national debt more than S262, ,0G0, ,000 snm nearly as great as the debt of the government from Wash lngton to Lincoln, including our foreign wars, from the revolution to the rebellion. Since its passage work at home has been diminished: prices of agricultural prod ucts have fallen; confidence has been ar- rested and general business demoralization is seen on every hand.
 The total receipts under the tariff act of 1894 for the first 22 months of it's enforce ment from September, 1894. to June 1896, were S557 ,615, ,32S and the expenditures S640, AIS ,363 or a deficiency of Ss2, ,S03 535 The decrease in our exports of American products and manufactures during the first l5 months of the present tariff as con trasted with the exports of the first fifteen months of the tariff of 1890 was $220, ,353, ,:20. The excess or exports over imports during the first 15 months of the tariff of 1890 was S213,072, ,96S, but only S56, ,758, ,623 under the first l5 months of the tariff of 1894, a loss of Sl57 ,214 345. The net loss i'll the trade balances of the United States has been Sl56 ,9SS, ,607 during the first 15 months of the tarlh of 1894 as compared with the first l5 months of the tariff of 1890 The loss has been large, constant and steady at the THUG OI plO, lot,UUu peT jnOnLn, or $OUU,UuV 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 toe little in, or both We have lost steadily in both directions. Our foreign trade has been diminished and our domestic trads has suffered incalnable loss. Does not this suggest the cause of our present depression and indicate it's remedy Confidence in home enterprises has almost wholly disap- peared. Our shops are closed or running on half time at reduced wages and small profits, 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 unrivaled home market for the farmer has also greatly suffered be- cause those who constitute it-the great army of American wageworkers-are with out the work and wages they formerly had If they cannot earn wages they cannot b. y products They cannot earn if they have no employment and when they do not earn the farmers home market is lessened and impaired and the loss is felt by both producer and consumer. The loss of earn ing power alone in this country in the past three years is sufficient to have produced our unsettled business situation. If our labor was well employed and employed at as remunerative wages in 1899, i'll Il few months every farmer i'll the land would reel Clle glau cnange III the Increased de- mand for his products and i'll the better prices which he would receive.
 Not Open Mints But Open Business.
 It is not an increase in the volume of money which is the need of the present time but an increase i'll the volume of bus mess Not an increase of coin but an in- crease of confidence. Not more coinage but more active use of the money coined. Not open hints for the unlimited coinage of silver but open millsfer the full aud tin- restricted labor of American workingmen. The employment of our mints for the coin age of the silver of the world would not bring the necessafies and comforts of life back to our people. This will only con with the employment of the masses and such employment is certain to follow the re-establishment of a wise protective pol icy which shall encourage manufacturing at home. Protection has lost none of it's virtue and importance. The first duty of the Republican party will be the enact ment of tariff law which will raise all the money necessary to conduct the govern ment economically and honestly adminis- tarad and ga ad i,lsi4--l to rive
 D.. :.