, 1897-03-05

public debt, but to make proper and lib.
eral provisions for that O deserving
body OF public creditors. the soldiers ant
sailors and the widows and orphans who
are the pensioners of the United States
The government should not be per,
mitted to u behind Or increase its deb,
in times like the present. Suitably &c
provide against business is the the man.
iale OF duty. certain and easy remedy
for the most of our financial difficulties
A deficiency is inevitable so long as the
expenditures OF the government exceed
its receipts. 1t can only be met by leans
or an increase OF revenue. While a large
public and private credit. neither
should be encouraged. Between more
loans and more revenue there ought to
be but one opinion. We should have
NOR revenue, and that without delay.
hindranCe or ~postponment. "A surplus
in the treasury created by loans is no a
permanent or safe reliance. 1t will SUI
flee 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 hat however much
such loans may temporarily relieve the
situation. the government still is indebt,
ed for the amount of the surplus thus
accrued, which it must ultimately pay,
while it's ability to pay is not strength
ened but weakened by a continued de-
felt. Loans are imperative in great
emergencies to preserve the government
or its credit, but a failure to supply
needed revenue in time Of peace for the
maintenance of either has no justitica-
ton.
SHOULD PROTECT INDUSTRIES.
The best way for the government to
maintain lis credit is to pay as it goes
not by resorting to loans, but by keep
ing out of debt-through an adequate
income secured by a system Of taxation,
settled policy of the government, pur,
sued from the beginning and practiced by
all parties and administrations, to raise
The bulk of revenue from foreign pro-
auctions entering the United States for
sale and consumption, and avoiding for
the most part every form of direct taxa.
ton, except in time Of war. The coun-
try is clearly opposed to any needless
additions to the subjects of international
taxation, and is committed by it's late
popular utterance to the system OF tariff
taxation. There can be no misunder,
standing, either, about the principal W.
on which this tariff taxation shall be
levied. Nothing has ever been made
palmer at a general election than that
The controlling principle in the raising
OF revenue on imports in jealous care
for American interests and labor is
wished. The people have declared that
such legislation should be had as will
give ample protection and encourage
nient to The industries and the develop,
ment OF u country. 1t is. therefore,
earnestly hoped and expected that con.
gress will. at the earliest practicable
moment, enact revenue legislation that
shall be fair, reasonable. conservative
and just, and which. while supplying
sufficient revenue for public purposes,
will still be signally beneficial and help
full to every section and every enterprise
of the people. To this policy we are all,
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
OF congress is to stop deficiencies by the
restoration of that protective legislation
which has always been the firmest prop
of the treasury. The passage OF such a
law Or laws would strengthen the credit
of the government both at home and
abroad and go far toward stopping the
drain upon the gold reserve held for the
redemption Of our currency. which has
been heavy and well nigh constant for
several years.
ttES ORE
In the revision Of the tariff, especial
attention should be given TO the re-en-
actment and extension of the reciproci-
ty principle Of the law of 1890, under
which so great a stimulus was given to
u foreign trade in new and advantage
eous markets for our surplus ugricul-
tural and manufactured products. The
brief trial given this Legislation amply
justifies a further experiment and adj
ditional discretionary power in the max
ing 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
produce ourselves, and which do not in
volve any loss Of labor TO our own peo-
pie, but tend to increase their employ
ment. The depression Of the past four
years has fallen with especial severity
upon the great body OF the country, and
upon none more severely than the hold
ers of small farms. Agriculture has
langUished and labor suffered. The re-
vival OF manufacture will be a relief to
both. No portion OF our people is more
devoted to the institutions of free gov
eminent, o more loyal In their sup
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