The Dickinson press., 1896-09-12
Good Money Never Made Time. Hard.

at is a mere pretense to attribute the
hard times to the fact that all our cur
rency is on a gold basis. Good money
never made times hard. Those who assert
that our present industrial and fnancia
depression is the result Of the gold stand.
ard have not read American history Alright,
or been careful students of the events Of
recent years. We never had greater pros
perity in this country, In every field Of
employment and industry. than in the busy
years from 1880 to 1892, during all Of whick
time this country was on a gold basis and
employed more gold none In its fiscal
and business operations than ever before
We had. too, a protective tariff n
which ample revenues were collected fof
the government and an accumulating 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 We want; what we
want is to put the money we already
have at work. When money is employed,
men are employed and both have always
been steadily and remuneratively engaged
during all the years Of protective tariff
legislation. When those who have money
lack confidence in the stability Of values
and Investments, they will not part with
their money. Business is stagnated-the life
blood Of trade IL checked and ~congested.
We cannot restore public confidence by
an act which would revolutionize all val
ues, or an act which entails a deficit in
the public revenues. We cannot inspire
confidence by advocating reputation OF
practicing dishonesty. We cannot restore
confidence, either to the treasury or to
the people without a change in our present
tariff legislation.
EVIL of the Democratic Tariff.
1.-THE only measure Of a general nature
that affected the treasury and the employ.
ment Of our people passed by the Fifty
third congress wa the General Tariff act.
which did not receive the approval Of the
president. Whatever virtues may be
claimed for that act, there is confessedly
one which it does not possess. 1t lacks
the essential virtue of its creation-the
raising of revenue sufficient to supply the
needs Of the government. 1t has at no
time provided enough revenue for such
needs, but it has caused a constant def.
cheney in the treasury and a steady de.
pletion in the earnings Of labor and land.
It has contributed to swell our national
debt more than 1852, 900 900, a sum nearly
as great as the debt OF the government!
from Washington to Lincoln, including all
our foreign wars from the revolution to
the rebellion. Since its passage, work at
home has been diminished; prices Of agri-
CulIuTAl pIOuuNSo AoVo A0AASaS
has been arrested, and general business
Generalization is seen on every hand.
Tariffs OF s0O and 1904 Contracted.
1.-The total receipts under the tariff act
of 1894. for the first twenty-five months
Of its enforcement, from September, 1894.
to June, 1896. were $751;, GLE. 1928. and the ex.
penditures $780, AIS, 1868. or a deficiency Of
$50, 800, o3s. The decrease in our exports
Of American products and manufactures,
during the first fifteen months Of the pres
emit tariff. a. contracted with the export.
Of the FIRST fifteen months Of the tariff Of
1890, wa $3.50. 1853. 800. The excess Of ex-
ports over imports during the nrt fifteen
months of the tariff of 1890. vas $213..
s72. 1858. but only SIS. 75s. 623 under the nrst
fifteen months Of the tarin Of 1894. q loss
under the latter Of $157. 214 .345. The net
loss In the trade balance Of the United
states has been 1896. sss. eo7 during the first
fifteen months operation Of the tariff Of
1894, a compared with the hrst 1fteer
months of the tariff Of 1890. The loss hat
been large. constant and steady. At tn