The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1896-08-27

legislation wHi& will avoid the aceumu-
lation Of further debt by providing
adequate revenues for the expenditures
of the government. This is manifestly
the requirement OF duty.
our CoIitiitiou Iu fS92.
In December. 1S92, President Harrison
sent his last Message to Congress. 1t
was an able aHG exhaustive review of
the condition and re- ources of the conn
try. 1t stated our situation so accurate
~ that | am sure 1t will not be amiss
10 reclte MS Official and valuable tes-
tlmony: There never has been a time
in our history" said he. when work
was so abundant, or when wages wore
so high, whether measured by the cur
rency In which they are paid or by
thelr power to supply the necessities and
eo'Ilorts o. MEG The general average
of prices has been such as to give agri-
culture fair participation In the gene
raj prosperity. ~ The now Indus,rioI
plants established since October 1soo
ana up 10 October 90. 1892. number 3i5
ana the extensions of establishing
plants luS. The new capitnl invc.toJ
amounts to s4o4+G,06O. ana the numbrr
or additional employees. 81 .2S5. Durinr
the hrst six months OF the present coIan,
oar year l35 new factories wero mil,
OF which 40 were Cotton mills. IS knittin,r
mins. 70 'woollen mills, IL sill; mills. four
the forty cotton Hlills twentv"ona boUo
oeen built in theE6utheTn States"
This extract fa&ig describes The han
py condition OF the country In Dccn,,,
Der, 1892 What has 1t been since. and
What Is 1t now? q ""u
e.d ne message OF President Cleveland
ifom the beginning or his secon,i odn'ir'
istration until the present time ahn,,m,I
win descriptions OF the dcplor,hI in
uuslrla! and financial situation or tbo
S""" money NcTer Made Times uIorn
Is Il mere pretensc to attributo IN.
,.a r.nru times to the fact that All our cur-
never made times hard Th",n ''ois! ,,i,,
assert mat our present indus,r,in, o,,I
financial depression is the resIlt nr ~,
so!d standard have not read Amer,cn,,
history Alright orylJecn carerul studants
f, %l me events of REGENT years. We never
in every field oNSmploymcnt ruuh'ry, amd iSy,
dustrv. than in th$&usy years from ,Seo
10 lS92. during allN&f which time iris
country was on Void basis and ON
pioved more gold money in its fin,nro
anu anu business. operations than ever be-
We had. too. protective tariff undor
Whlcn ample revenues were collrctpd
lor me Government. and an acc,,mr-
ulatlnE surplus which was constantly,
ippiieG TO the paymen. OF the Dublic
debt. Let us hold fast IN ,ho, ~, ~ pioiic
know is good. II is moi n,nre ,,'n,'o 49,, we
want: what we want is to mt the ~ wv. W.
we already have at work
The Cause of fhc Change.
WHY tbis s,,r,l;
chhnSe within the short period of eirht
months. from December. 1892, to August
IA3"! what had occurred? a change of
administration: all branches of the Gov
erhment had been entrusted To tho
Democratic party. which was com
mittcd against the protective policy Inn,
had prevailed ninterruptedly for more
than thirty-two years. and brought mn
exampled prosperity TO the country and
pledged to its complete ovcrthrow au1
the substitution OF a tariff for revnnma
only. The change having been 10
creed by the elections i'm Noypmha,. i,s
effects were at once anticinatnd and
felt ''u
we cannot close our eyes to these al
to exclude from contemniatinn 1 Niae
vestiga fion the causes u.h;ci, ,i, a'tu m
them. In December tSq1 ,,a 80, 80 80
same currency and nractic,,i,, ,i,a ,s'' .',c e
volume Of currency tIiot wn ,"e SAINT am!
1t arrrcroiod im ,sa1 60 90 'lrEe ian now
1893. s. 3aa o1o 0oO. in isS1 ca 800 100 oi ~
and in Docn,nLar iSn.' ss'I,'' 60 %; 10" 30" "nZ'
The nor cn,.i,o Of n,onn,, 90 49, '-"o.
urncticaIIv tba sa,rn d,;,i,, t.aa , pc%i
periol Tho ounii,v ~ us .'i's MnoIe
been idarticoI-Naii l,an. -, n,oncy mas
There is notbinn no,,,,o,ai, viu"i 10 Goiu.
ponnv tbar.fnr - ,. WIN our