The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1897-03-12

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vested in the president it is my purpose to
! appoint-a commission of prominent we'll
| informed citizens of different parties who
/ viii command public confidence both on
| account of their ability and special TT
ness for the work. Business experience
and public training may thus be combined,
and the patriotic zeal of the friends of the
country be so directed that such report
will be made as to receive the support of all
parties. and our finances cease to be the
subject of mere partisan contention. The
experiments, az ali events. worth a trial,
and in my opinion, it can but prove bene-
fetal to the entire country.
Credit Upheld-Economy Urged.
"The question of international bimetalism
Will have early and earnest attention 1t
will be my constant endeavor to secure it
by cooperation with the other great COM
merCial powers of the world. Until that
condition is realized, when the parity be-
tween our gold and silver money springs
from and is supp rted by the relative value
of the two metals the value of silver al
ready coined, and of that which shall here
after be coined. must be kept constantly at
par with gold by every resource at our COM
mand The credit of the government, the
integrity of its currency and the inviol-
ability of its obligations must be preserved.
This was the commanding verdict of the
people, and it will not be UNDECIDED.
Economy is demanded in every branch
or the government at all times, but eSpe-
cially in periods like the present de preston
of business and distress among the people.
The severest economy must be observed in
all public expenditures and extravaganza
stopped wherever it is found and prevented
wherever in the future it may BE- developed
If the revenues are to remain as now, the
only relief that can come must be from de-
creased expenditures But the present must
not become the present condition of the
government 1t has been our uniform prac-
tice TO retire not increase, our outstanding
obligations and this policy must fain be re-
sumed and vigorously enforced.
Increase of Debt Opposed.
Our revenues should always be large
enough TO meet with ease and promptness
not only our current needs and the prinCi-
pal and interest of the public debt. but to
make proper and liberal provisions for that
most deserving body of public creditors, the
soldiers and sailors and the widows and or
phaus, who are the pensioners of the United
States. The government should not be per-
mitted to run behind or increase its debt
in times like the presenn. Suitably to pro-
vide against business depression is the
mandate of duty, a certain and easy rem
edy for the most of our tinancia al difficulties
A deficiency Is inevitable 50 long as the ex-
penditures of the government exceed its
receipts. 1t can only be met by loans or an
increased revenue. While a large annual
surplus of revenue may invite waste and
extravaganza, inadequate revenue creates
diStrust and undermines public and private
credit Neither should be encouraged
Between more 10 ans and more revenue,
there ought to be but one opinion. We should
have more revenue. and that without delay
hindranCe or pOStponement a surplus in
the treasury created by loans is not a per-
r11ar ont or aFa rs.lin p
while it lasts. but it CanLOt last long while
the OUTLAWS of the government are greater
than its rece pts as has been the case dur
ing the past two years. Nor must it I've for
gotten that however much such loans may
temporarily relieve thu situation the gov
eminent is still iude bled for the amount of
the surplus thus accrued which it must I'LL
timately pay. while its ability to paw is not
strengthened but weakened. by a continued
deficit Loans ar. imperative in great
emergencies to preserve the government or
its credit. but failure to supply needed
revenue in time of peace for the mdinLcn-
ance OF either has no Justification.
For Revenue and Protection.
'The best way for the government TO
maintain its credit is TO pay AZ it goeS-uot
by resOrting To loans. but bv keeping ont of
debt-thrOugh an adequate income secured
by a system of taxation. external or inter-
nal or both. 1t i the settled policy Of the
government pursued from the beginning,
and practced by all parties and admins
tratiOns to RAISE the bulk of revenue from
taxes upon foreign productions euteringThe
United states for sale and consumption:
and avoiding for the most part every form
OF direct taxation. except III time of war.
The country Is Clearly opposed to any
needless additions tD the subjects of utter
nal taxation. and IS committed by its latest
popular utterance TO the system of tariff
taxation. There can be 10 msundcrstand-
ing either. about the principle upon which
this tariff taxation shall b. levied. Nothing
has ever been made palmer at a general
election than that the controlling principle
in the raising of revenue on nportS is zeal
Gus care for American interests and Amer
lean labor. The people have declared that
such legislation shoHld be- had as will give
ample protection and enCOu1 agemcnt 10
the INDUSTRIES and the development or our
Country.
Reciprocity Strongly Urged
I'm the revision of the tariff. especial at
tention should he given To the re enactment
and extentIOn OF the reciprocity principle
of the law OF 1890. under which so great a
stimulus was given 10 our foreign trade i'll
new and advantageous markets. for our
surplus agricultural and manufactured
products. The depression of the last four
years has fallen with especial severity upon
the great DtlnN OI AHt COUNT upon none
more than the holders of small farms Ag-
ricuIture has languished and labor suffered.
The revival of manufacturing will be
relief 10 both. No portion of our people is
more devoted 10 the institutions Of free
government. nor more lOval in their sup.
port. while none BEARS more Cheerfully or
fully its proper share in the maintenance
of the government or is better entitled TO
it's wise and liberal care and protection.
Legislation helpful TO the producer is bene-
fetal to all. The depressed condition of in
duSii an the farm and in the mandatory
has lcSSened the ability of the people To
meet the demands npon them. and they
rightfully expect that not only a system of
revenue snail he established that will &C.
cure the Ian geSI income with the least bur-
den. hat thatrv means will he taken 10
drct ease. rathcr thIu increase our public
expenditures
Much Dependent Congress.
''RuSineSS conditions are not the most
~ omiSng II will take time tn restore the
prosperity of former years II we cannot
promptly attain II VIC can reSoluteIy turn
orr faces IN that direction and aid its re-
turn ny friendly legislation However
troublesome the situation NAV a ppear Con
gresS viii not am sure. ne found Lacking
i'm disposition ar ability TO relieve IT, as far