The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1897-03-09

maneht nor safe reliance. 1t will sui
flee while 1t last long while the out
lays OF the government are greate
than it's receipts, as has been the cas-,
during the past two years.
INCREASE REVENUE BY TAKING
FOREIGN PRODUCTS.
Nor must 1t be forgotten that how
ever much such loans may temporarily
relieve the situation, the government
is still indebted for the amount of the
surplus thus accrued, which it must
ultimately pay, while its ability to paw
Ia not strengthened, but weakened by
4 continued deficit. Loans are imper.
alive In great emergencies to preserve
the government or its uredis, but q
failure to supply needed revenue in
time OF peace for the maintenance OF
either has no justification. The best
way Tor the government to maintain its
credit is to pay as 1t goes-not resort
ing to loans, Int by keeping out of d ebt
through an adequate income secured
by system of taxation, external or in
ternal, or both. 1t is the settled policy
or 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
Tor sale and consumption, and avoiding
Tor the most part every form of direct
taxation except in time of war. The
country Is clearly opposed to any need
less additions to the subjects of internal
taxation, and Is committed by its latest
popular utterance to the system of
tariff taxation. There can be no mis-
understanding, either, about the prin-
ciple upon 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 from duties on
imports Is jealous care for American
interests and American labor. The
people have declared that such legis-
lation shall be had as will give ample
protection and encouragement to the
industries and to the development of
our country.
CONGRESS MUST PROVIDE A PRO-
TECTIvE TARIFF.
1t is, therefore, earnestly hoped and
expected that Congress will, at the
earliest practical moment, enact rev.
enue legislation that shall be fair, rea-
sonable, conservative and just, and
which, while supplying sufficient rev.
enue Tor public purposes, will still be
signally beneficial and helpful 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 para
ciencies by tho restoration of that pro.
tective legislation which has always
been the tirmest prop of the treasury.
The passage OF such law or laws would
strengthen the credit OF the govern
ment, both at home and abroad, aud go
far towards stopping the drain upon
the gold reserve for the redemption of
our currency which has been heavy
and we'll nigh constant for several
years.
In the revision OF the tariff especial
attention should be given to the re-
enactment of the reciprocal principle
of the act of 1890, under which 80 great
stimulus was given to our foreign
ira trade In new and advantageous markets
for our surplus agricultural and manu-
factured products. The briof trial
given this legislation amply justfies a
further experiment and additional dis
cretionary power in the making of COM
mercial treaties, the end in view
always to be the opening up of new
markets for the products of our own
country by granting concessions to the
products of other lands that we need
and cannot produce ourselves, and
which do not involve any loss of labor
to our own people, but tend to increase
their employment.
REVIVAL OF MANUFACTURING IS
MOST NEEDED.
The depression of the past four years
has fallen with especial seVerity upOn
tho great body of tOilers of the country
andnpon the farmers. The revival OF
manufacturing will be beneficial to
both. Legislation that is beneficial
to the producer is beneficial to ALL
The depressed condition of indus.
try on the farm and in the mine and
factory has lessoned the ability of the
people to make the demands upon them
and they rightfully expect that not
only system of revenue shall be estab-
lished that will secure the largest in
come with the least burden, but that
| every means will be taken to decrease,
rather than increase, our public expen.
ditures. Business conditions are not
| the most promising. 1t will take time
to restore the prosperity of former
| years. Ii we cannot promptly attain
| it, we can resolutely turn our faces in
that direction, and aid its return by
friendly legislation. However trouble
some tho situation may appear, Con-
| gress will not, | am sure, be found
lacking In disposition or ability to re-
lieve 1T, as far as legislation can do so.
The restoration of confidence and the
revival of business, which men Of all
parties much desire, depend more
largely upon prompt, energetic and
intelligent action Of Congress, than
upon any other single agency affecting
the situation.
1t Is inspiring, too, to remember that
no great emergency of the $50 years
of our eventful life has ever risen that
has not been met with courage by
American people, with fidelity to theil
best interests and highest destiny, and
to the honor of the American name
These years of glorious history have
exalted mankind and advanced the
cause of freedom throughout the world
and immeasurably strengthens the pre-
cious free Institutions which we snioy
The people love and will sustain these
Institutions The great essential tx
our happiness and prosperity is tina
we adhere to the principles upon which
the government was established, ant
insist upon their faithful observance
Equality OF rights must prevail and ou
our laws be alp everywhere re
j spected and e I'd may hav,
4 failed In the 49,
asoitizens
is consOlir
that fre
y thou0'