The Beaver herald. [volume] (Beaver, O.T. [Okla.]) 1895-1923, 1897-03-11

future II may be developed. II the rev
enues are to remain as now, the only re-
lief that can come must be from decreas-
ed expenditures. But the present must
not become the permanent condition Of
the government II has been our uni
form practice 10 retire, not increase. our
outstanding obligations. and this policy
mus. be again resumed and vigorously
enforced. Our revenues should always
be large enough to meet with ease AMI
pr0mptness no; only our current needs
and the principal and interest Of the pub
lie dept, but to make proper and liberal
provision for the most deserving body
OF public creditors. the soldiers and sail
ors. and the widows and orphans who
are the pensioners Of the United States.
PUBLIC DEBT AND REVENUE.
the government should not be permit
ted to run behind, or Increase its debt.
Ia times like the pres mt Suitably %
provide agaias: a deficiency in the man
date Of duty. and certain and easy
remedy for the most OF our financial dif-
icultes. A deficiency Is inevitable 50
long as the expenditures Of the govern
ment exceed It's receipts 1t can only De
met By loans Jr increased revenue. Wnils
a large annual surplus of revenue may
Invite waste and extravaganza, made
quate revenue creates distrust and un-
dermlnes public and private credit.
Neither should be encouraged. Between
more loans and more revenue there Ough;
TO be but one opinion. We should nave
more revenue. and that without delay,
hinderance or postponement \ surplus
in the treasury created by loans is not
a permanent or safe reliance. 1t viii
suffice while it lasts, but it cannot last
long while the ouilays of the govern
ment 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 re-
lleve the situation. the government is still
indebted for the amount OF the surplus
thus accrued. which 1t must ultimately
pay, while its ability to pay is not
strengthened but weakened by con-
.inuei deficit. Loans are imperative In
great emergencies TO preserve the govern
ment or its credit. but a failure to sup
ply NEEDED revenue in time OF peace for
the maintenance OF either has 10 jus,it-
cation.
TRAIFF AND PROTECTION.
The best way for the government 20
maintain its credit is to pay as II goes
not by resorting to loans, but by keep
ing out Of debt-through an adequate in
come secured by a system of taxation,
external or Internal or both. 1t is the
settled policy OF the government, pur-
sLed from the beginning and p-actlced
By all parties and administrations. to
1. or
on foreign products entering the United
States for sale and consumption; and
avoiding for the most part every form
OF direct taxation except in time Of war.
Inc country Is clearly opposed to any
needless additions to the subjects Of in
ternal taxation and is committed by its
last popular utterance to the system Of
tariff taxation. There can be no misun-
derstanding either, about the principle
upon which this tariff taxation shall be
levied Nothing has ever been made
palmer at a general & 'ction than that
the controlling principle in the raising
of revenue on imports in Jealous care
for American interests and American la
Dor Is wished The people have declared
that such legislation should be had as
viii give ample production and eDcour.
agcment to the industries and develop.
meat Of our country. 1t Is. therefore
earnestly hoped and expected that con.
grass WILL at the earliest practicable mo.
meat, enact revenue legislation that shall
be fair reasonable, conservative and
Just, and which, while supplying suhi-
clent revenue for public purposes, will
sim be slgnally beneficial and helpful to
people. To this policy, we are ALL Of
whatever party firmly bound by the
vote Of the people-a power vastly more
potential than the expression of any po-
litlcal platform. The paramount duty
Of congress is to stop deficiencies by the
restoration Of that protective legislation
which mas 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 60 far towards stopping the
dIa.n upon the gold reserve held for
the r2demotion OF our curroncv which
n5s been heavy and We'll nigh constant
Tor several years.
RECIPROCITY.
In the revision OF the tariff, especial
attention should be given 10 the re-en-
ictmcEt and extension of the reciprocity
principle Of the law of 1890 under which
80 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 legislation amply justi-
Gcs further experiment and additional
discretionary power in the making Of
commercial treaties, the end in view al
ways to be the opening up Of new mark
IT'S for the products OF our country, by
granting concessions TO the products of
o,hCr lands that We need and cannot
produce ourselves. and which do not in
vulye any loss of labor to our people,
but tend to increase their employment.
The depression OF the past four years
has fallen with especial severity upol
the great body OF the country, and upon
none more than the holders of small
farms Agriculture has langushed and
labor suffered. The revival OF manu-.
featuring will be a relief 70 both. NJ
portion of our people Is more devoted Il
the Institutions OF free government, mol
more loyal in their support, while nont
pears more cheerfully or fully it's share
In the maintenance OF the government
o. is better entitled to its wise ana lib
erai care and protection. Legislation
helpful to producers is beneficial to all
The depressed condition Of industry or
the farm and IN the mandatory has
lessenei the ability OF the people &c
~ 4, 4. ay,I fhaNs