The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-08-27
MKINLEY ACCEPTS


Co-..ru-1 from Pare l.
..-enx~nen cts devotion 70 the American
.vzse-r' or Increase fae hold Of that Sys-
TN aonn ths party and people. Il is fodfsl
a IRE lesson and experience NJ ire past
th~~@ years. Men realize in their oNa
daily lives what before was 70 EnAuF o
them only reps-t. history or trsoitloi.
Tnew have had trial % both systems.
ard krow wasss each has done .or Eiieha-
Demanded By the Public Exisencle-
washington IA BIS farevsA address,
sAnfsrnher e, t7sS, a hundred years ego.
-. as q very important source OK
strength ard security. cherish the fnoile
er.4tt The method OF preserving u y 20
Use 4 as sparsngsy as possible, aNo41AtAs
me accumulation OF Debt. rot envy -
cunning OCCASIONS OF expense. oat ~
vigorous exertions 81 time OF Pssce 70
discharge the debts which EnaFoa1aole
vars may have occas!oDed- not upsen-
sroasly throwing upon post@rt.y Inc bur
san which We ourselves ought 20 bear.
To facilitate tn. enforcement OF the max
,-,. which he announced. he declared. II
a essential rhSt yoa should practicaAiy
hear in mind that toward the payment %
dehts there must be revenues; that 20 nave
rsveuue there must he taxes; that no
faxes can be devised which are lot more
a. less tnronvenient or unpleasant; tnat
t7a intrinsic embarrassment tnSeparao.s
4ron1 the selection Of proper objects twhlch
IS always a choice Of difficultiesl ought 10
he a decisive motive for candsd con-
strsfctlon OF the conduct OF the govern
rnent in making IL and for spirit OF
aea,lle=ceuce IN the measures for obtaining
revenue which the public exigenciss may
81 any time dictate Animated by like
seutinents. the people OF the country must
rox fsre the conditions which beset them
The public exigencies demand prompt pro-
tectiys legislation which viii avoid the
accumulation OF further debt by providing
adequate revenues FOR the expenses OF
the government. This Is manitesuy the
requirement OF duty. II elected president
OF the United States. IL Will be my ann
10 vigorously promote this object ana give
that ample encouragement to the oceapa-
tons OF the American people whicn. ABOVE
al else. is irnperatively demanded at this
juneture OF our national snairs.
Our Condition In 1899.
an December 1892, President Harrison
sent his last message 10 congress. II
was an able and exhaustive review OF the
condition and resources or the country.
IL stated our situation so accurately taat
L am sure IL VIII not be amiss 10 recits
his official and valuable testimony. There
never was a time in our history, said ne,
when work was SO abundant or Wheh
wages were so high, whether measured by
the currency IN which they are PAID or py
their power TO supply the neeessaries anu
comforts of life. The general average OF
nrices has been such as TO give 10 agri-
culture a fair participation In the general
rr.nsnsrity The new Industrial plants es-
tablished since October s, 1880 ana up 70
october =. 1882, number $40, ana the exteh-
sion OF existing plants les The eapltal N
vested amounts 10 $40, $4,000. and the num-
a affkFS
the first Elk months of the present cal
endar year isS new factories were punt
Of which - were cotton mills and - knit
,fue, mills. 28 wooden mills. IL silk mills,
plush mills and linen mills or the "
cotton mills, 81 have been butt IN the
Southern states.
ton of the country in December. 1884
what has It been since, and .has Is II
now7
our Condition Eight Months Later.
ssFhe messages OF President Cleveland
from the beginning OF his second admin
istration 20 the present time abound with
descriptions OF the deploraole ousuidi
and financial situation OF the country.
While no resort 10 history OF offctal state
rent is required 10 advise US OF the pres
ent condition and that which has prevailed
during the past three years, venture 10
quote from President Cievelands nrst
message OF August is, 1893. addressed 20
the Fifty-third congress. which ne ealIed
together In extraordinary session ne
existence of en- alarming and extraordi-
nary business situation said be, involv-
ing the welfare and prosperity OF all our
r,eopIe has constrained me 10 call togelA-
er IN extra session the peoples representa-
lives In congress 10 the end that through
the wise and patriotic exercise OF me les
isiative duties with which they solely are
charged the present evils may be miu-
gated and the dangers threatening the
future may be averted. Our unfortunate
financial plight is not the result or un-
toward events or Of conditions related 10
our natural resources, nor Is IL traceaoie
10 any OF the Affections which frequently
check national growth and prosperity
with plenteous crops. with abundant
promises OF remunerative production ana
manufacture. with unusual invitation 10
Investment and with satisfactory assur-
eurez 20 business enterprises, suddenly
financial cistrus. has sprung up on every
side Numerous moneyed institutions
have suspended because abundant assets
were not Immediately available 10 meet
the demands Of frightened depoSitors The
surviving corporst ions and individuals are
content 40 keep IN hand money they are
usually anxious 70 loan. ana those en-
s-swasf IN legitimate business are surprised
20 find that the securities they o1eF Tor
leans though heretofore satisfactory are
no longer accepted. Values supposed 70
f,s axrd ere fast becoming conJectura.
ana loss and failure have invaded every
branch OF business
The Cause OF the Changes.
what a startling ana sudden change
within a short period or eight months
from Deesulber fS2 20 August. tSg
yVhst had occnrreaf A change 81 admin
istratfon. All branches Of the government
haf been intrusse3 20 the Democratic
partv. which was committed against tie
protective policy that had prevailed for
mora than thirty years ard brought unex-
oref,,ea prosperity 20 the country. ana
firmly fSe6Eea 20 rs complete overthrow
an3 the si4bststu tuition Of tariff fer rev
euue Only. The change having been de-
creed by ire elections IN November. iss
eTects were az once ANTICIPATED ard felt
We cannot close cur eyes 20 these altered
roasstEorS nor would II be wise g ex-
rlnaa from condemnation and iuves, ga
ton ne causes which produced them
Taey are the facts which We cannot as a
reaple disregard. ans We can only bore 10
improve our present conditions by g sluty
~ their causes IN Decrrher. 3Ss2. Ve
has sac same currency ana practically
ire same volume q currency dat We have
now II aggregated tr fNc $50 & ~
in YSss = Gsg aao 90. IN ISs8. g sac aEe sS
anA IN December. 1SsS. s21e{. 40 0sa The
Per caplta q money has beea practically
the sane duT.ag this whole perSo8- The
Quality cf tha money has hcen 3seat&caA
a. kept eqgal 20 god Thera Is nothing
connected WIN ear money. gEaref3re 20
nccouet Tor ghss su1sen and aggravated
industrial change. Whatever = fe te de-
preeate4 la car finances Il must - every
where . frus,c4 tAat car money has Aeau
absolutely good ana hzs brought neither
loss rox sac6uv eutenee 10 lts holders