The evening times., 1897-03-04
Delivered at the Capitol Before
an Immense Crowd.
lie Advises Especial Attention to the Re-enact-
ment of the Reciprocity Law Of 1890.
The Single Gold Standard.

ors and the widows and orphans who
are the pensioners OF the United states.
The government should not be permitted
to run behind OF increase its debt In times
nkethepresent. Suitably 10 provide against
this is the mandate OF ity; the certain and
easy remedy for most of or financial dif.
ficulties. A deficiency is inevitable so long
as the expenditures OF the government ex-
ceed it's receipts. 1t can only be met by
loans OF an increased reveaue While a
large annual surplus of revenue may invite
waste and extravaganza, inadequate rev
enue creates distrust and undermines public
and private credit. Neither should be en-
couraged.
Between more loans and more revenue,
there ought to be but one opinion. We
should have more revenue, and that with
out delay, hindrance. or postponement,
surplus in the Treasury. created by
loans, is not a permanent or safe re-
lance. IL viii suffice while it lasts,
but it cannot last long while the outlaws
OF the government are greater than its
receipts, as has been the case during
the past two years. Nor must it be
forgotten that however much such loans
may temporarily relieve the situation,
the government is stil indebted for the
amount Of the surplus thus accrued,
which it must ultimately pay, while its
ability TO pay is not strengthened, but
weakened, by a continued deficit
LOansareimperative in great emergencies
TO preserve the government or it's credit.
hat failure to supply needed revenue in
tir1e of peace for the maintenance of
either has no justification.
The icst way for the government to main
tain its Credits to pay as it goes not by
rcsorting TO loans, but by keeping out of
debt through an adequate income secured
by a system of taxation, external or in
ternal, or both
tits the settled policy OF the government.
pursued from the beginning and practiced
by all parties and administrations. to raise
the bulk OF our revenue from taxes upon
foreign productions entering the United
States for sale and consumption; and
avoiding for the most part, every form of
direct taxation, except in time of war.
The country is clearly opposed to any
needless additions to the subjects OF in-
ternal taxation, and is committed by its
latest popular utterance to the system of
tariff taxation.
There can be no misunderstanding, either,
about the principle upon which this tariff
taxation shall be levied. Nothing has ever
been palmer at a general election than
| that the controlling principle in the rails
ing OF revenue from duties on imports, is
| Jealous care for American interests and
American labor. The people have declared
that such legislation should be had as win
| give ample protection and encouragement
te the Industries and the development Of our
country.
1t is, therefore, earnestly hoped and ex-
] expected that Congress win, at the earliest
practicable moment, enact revenue Iegis-
lation that shall be fair, reasonable. con-
se-vative and just, and which, while sup
plying sufficient revenue for public pur-
poses. viii still be signally beneficial and
helpful to every section and every enter
prise of the people To this policy we are
an, of whatever party, firmly bound by
the voice of the people-a power vastly
more potential than the expression of any
political platform.
The paramount duty ofCongress is to stop
deficiencies by the restoration of that pro.
tecuve legislation which has always been
the firmest prop OF the Treasury The pas
sage Of such law or laws would strength
en- the credit of the government, both at
| home and abroad, and go far towards
stopping the drain upon the gold reserve
held for the redemption of our currency,
which has been heavy and well-nigh con-
slant for several years.
In the revision of the tariff especial at
| bcutiOu Suouiu Dt Elftu 10 tue re-tndCUme0t
and extension of the reciprocity principle of
the law of 1890, under which so great a
stimulus was given to our foreign trade in
new and advantageous markets, for our
surplus agricultural and manufactured
products. The brief trial given this iegis-
lation amply justifies a further expert
neDt and additional discretionary power in
the making OF commercial treaties, the end
in view always to be the opening up OF new
markets for the products OF our country, by
granting concessions to the products of
other lands that we need and cannot pro-
duce ourselves, and which do not involve
any loss oflabor to our own people, ,buttend
Co increase their employment.
The depression for the past four years has
fallen with especial severity upon the great
body Of toilers OF the country, and upon
none more than the holders OF small farms.
Agriculture has languished and labor suf-
fered. The revival OF manufacturing viii
be a relief to both. No portion of our popu-
ulation is more devoted to the institutions
OF free government, nor more loyal to their
support, while none bears more cheerfully
or fully it's proper share in the maintenance
OF the government or lis better entitled te
its wise and lberai care and protection.
( Leg1slatio helpful to producers is bene.