The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-06-17
The aalieha Daily Eagle: aaleduesaag orune gmmc 1896
markets. and without the surrender

markets, and without the surrender
Of their own.
'sThe substitution of advalorem for
specific duties has opened the way for
systematic wholesale frauds upon the
treasury and producers and employees
Of the country. BY means of under
valuations, foreign goods pass through
the custom houses without paying their
just tribute 10 the treasury OF the
United States. Thus we have lost
millions Of dollars in revenue; and the
foreign producer has been enabled to
unfairly possess our home markets.
Neither time nor place will permit
further reference 70 the unfortunate
legislation of the Democratic party nor
70 the hurtful, demorahzing effects Of
IL. Suffice It TO say that it has been
the great and original factor IN break
ing down confidence, checking progress.
emptying the treasury, causing contin-
ued deficits and enforced idleness
among millions of viking workers.
NOW COMES MONEY QUESTION.
'sTo met the monthly deficit and pro-
tect our credit and save the government
from protest, the president has been
forced TO cell bonds; in other words he
has been obliged 10 mortgage the future
in time of peace to meet the current
obligations OF the government.
This is in sharp contrast with the
Republican record Our traiff laws not
only raised revenue but they protected
our domestic industries; they impart-
TALLY protected the farmer and manu-
facturer, both north and south. Not
only that, but they raised sufficient
revenue TO gradually reduce the public
debt, and without imposing a grievous
burden upon the people. During the
administration of Harrison s236, 900
Of obligations were paid, while Cleve-
sand during the last three years has
added TO our interest bearing debts
$262, 000, O01L Against such Democratic
fnanciering the Republican party en-
tiers its emphatic protest.
Having attempted 20 reverse the tar
If policy Of the United States with such
lamentable results the Democratic par
ty now proposes to reverse the currency
policy.
THE PARENT OF OUR ILLS.
''It turns to the currency as the par
ent of our ills. Its effort to shift the
responsibility will deceive no one. Its
attack upon the tariff; its recovery
of ineff1ciency and insincerity, Is a part
Of the unfortunate history OF the re-
public.
''The present currency system is the
fruit OF Republican wisdom. 1t has
been adequate to all our past necessities
and if interrupted Will meet our future
requirements. Our greatest prosperity
was attained when Republican cur
rency laws were IN full operation.
When the Republican party was in
power our currency was good: it was
made as good as the best on the globe.
We made sound money; and We also
made an honest protective tariff TO go
with II. Sound money and an honest
protective tariff go hand in hand to-
gether, not one before the other.
THE very foundation of a sound cur
rency system DIS a solvent treasury. II
the people doubt the integrity OF the
treasury they will question the sound
ness of the currency. Recognizing
this fundamental fact the Republican
party always provided ample revenue
for the treasury.
NOT UNFRIENDLY TO SILVER.
When in the. last century OF our his
tory did the Democratic party advocate
financial policy that was in the best
interests Of the American people? Look
at its anti-bellum currency record; con-
slider its hostility to the currency rem
dered necessary by the eXigency of
war; and, later, its effort to initiate the
currency in a time OF peace by the is
sue of greenbacks. Witness it's opposi-
ton to the efforts of the Republican
party to resume specie payments. But
four short years ago il declared for a
return to the old discredited state bank
currency. The Republican party has
not been unfriendly to the proper use
of silver. 1t has always favored and
favorS today the use of silver as a part
of our circulating medium. But IL IA
vors that use under such provisions
and safeguards as shall not imperil
our present national standard. The
policy of the Republican party is to re-
tain both gold and silver as a part Of
our circulating medium, while the pol
icy Of free coinage of silver leads to
certain silver mono-metallism. Tt is
an immutable laws that two moneys Of
unequal value will not circulate tOgeth-
er. and that the poorer always drives
out the better
INTERNATIONAL AGREEMENT.
''The Republican party. desiring fair
" to secure a larger use OF silver,
pledges Itself in favor Of an interna-
tional agreement. Harrison, true TO
the pledge of the party, took the IN
itiatory steps and invited an interna-
tiona4 monetary conference at Brussels
ait which the subject OF an international
coinage agreement was ably and profit
ably discussed. The Democratic party
was also committed 10 Internal ional
bimetallisn. but when II came into
spicuously begun by the Republican
party was abandoned II was so alb
sorbed IN its efforts TO break down the
Mckinley law and empty the treasury
that II had no time 10 promote inter
national bimetalNsm.
Those who profess 10 believe THAI
this government can Independently
Of the other great commercial powers
open SIS minis 20 the free and indep>nd-
ent coinage Of silver at a ratio OF is 70
l, when the commercial ratio in all the
great markets is 80 10 !. and at the
same time not drive every dollar o. gold
on; OF circulation, but deceive them
selves.
AN ISTPOSSIBILITY
Great and splendid and powerful as
our government Is. il cannot accom- pIfsh
the impossible. It cannot create value.
II has not the alchem.st subtle art OF
transmitting unlimited silver into gold.
nor can x, b omnipo;ent fat make
fifty cents worth on The hundred cents.
As We'll undertake by congress 10 sus-
pend the law OF gravitacion as % at
tempt 70 compel sn unlimited or fifty
cent dollars 70 circulate with one hIsn-
dred cent dollars a. parity with each
other AT attempt 70 compel unlimited
dollars % sJcch unequal value % cir
culate al parity Is bad in morals and
IS vicious n policy Sound thinkers
upon the great Question % the currency
know from the beginning OF the expert