The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1897-03-12

ly at par with gold by every resource at our COM
tegrity Of its currency and the inviolability Of
| It's obligations must be preserved. This was the
commanding verdict OF the people, and it viii
Economy is demanded in every branch of the
| government at oil times, but especially In Pc
siods IKE the present o. depression nm N
economy must be observed In all public expen-
ditures and extravaganza stopped whenever 1t
| Is found. and prevented wherever In the future,
1t may be developed II the revenues are to re-
main as now, the only relief that can come must
be from decreased expenditures. But the pres
of the government. It has been our uniform
practice to retire. not to increase, our outstand-
resumed and vigorously enforced our revenues
should always be large enough to meet with
ease and promptness not only our current needs
and the principal and interest OF the public debt
but to make proper and liberal pro-
vision for the most deserving body of public
creditors the soldiers and sailors and the Wild
ows and orphans' who are the ne ensioners of the
United States. The government should not be
permitted to run behind, or Increase It's debt, in
against this, Is the mandate of duty-the GER
tain and easy remedy for 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 loans or an in
crease of revenue. While large annual sur
auate revenue creates disaster and undermines
public and private credit Neither should be
encouraged. Between more loans and more
opinion We should have more revenue,
and that without delay, hindrance, or
postponement A surplus in the treasury
created by loans, is not permanent or safe re-
lance. 1t will sufice while 1t lasts, but it can
not last long while the Outlays of the govern
ment are greater than its receipts, as has been
the case during the past two years. Nor must
1t be forgotten, however much such loans may
temporarily relieve the situation, the govern
ment is still indebted for the amount of the
surplus thus accrued, which it must ultimately
pay which its ability to pay is not strengthened
but weakened by continued deficit Loans
are Imperative in great emergencies to preserve
the government or its credit, but failure to
supply needed revenue in time of peace for the
maintenance of either has no justification.
The best way for the government to maintain
its credit Is to pay as 1t goeS-not by reSorting
to loans, but by keeping ogt of debt-through
taxation, external or internal, both. 1t is 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 con-
form of direct taxation, except In time OF war.
The country is clearly opposed to any needless
addition to the subjects of in, srnal taxation,
ance to the system OF tariff taxation.
There can be no misunderstanding,
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 legislation should
be had as will give ample protection and en-
couragement to the industries and the develop
ment OF our country. It Is therefore earnestly
hoped and expected that congress WILL at the
earliest practical moment, enact revenue legfs-
lation that shall be fair, reasonable, conserva-
tive and just, and which, supplying sufficient
revenue for public purposes, win still be sgnaly
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 power vastly more
platform The paramount duty of congress is
to stop deficiencies by the restoration OF that
protective legislation which has always been
the 6rmest prop Of the treasury. The passage
of such law or laws would strengthen the
credit OF 1 the government both at home non aIo ana
upon the gold reserve held for the redemption
of our currency which has been heavy and we'll
nigh constant for several years
In the revision of the tariff special attention
should be given to the re-enactment and extern
sion of the reciprocity principle Of the law of
1890, under which so great stimulus was given
to our foreign trade in new and advantageous
markets for our surplus agricultural and manu-
factured products. The brief trial given this
legislation amply juStifies further experiment
end additional discretionary power in the max
ing OF commercial treaties, the end in view al
ways to be the opening up Of new markets for
the products Of our country, by granting con-
cessfons to the products Of other lands that we
need and can not produce ourselves, and which
do not involve 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 upon the great
body of toilers Of the country, and upon none
more than the holders of small farms Agri-
culture has languished and labor suffered. The
revival of manufacturing will be a relief to
both. No portion of our population is more de-
voted to the institutions OF free government,
nor more loyal to their support while none
bears more cheerfully or fully its proper share
In the maintenance OF the government, or Is bet
ter entitled to It's wise and liberal care and pro-
sscen Legislation helpful he to Is
tion of industry the farm and in the
mine and factory has lessened the
them, and they rightfully expect that not only
a system of revenue shall be established that
win secure the largest income with the least
decrease. rather than increase, our public ex-
penditures.
Business conditions are not the most promis-
ing. 1t will take time to restore the prosperity
of former years. II we can not promptly attain
It, we can resolutely turn our faces in that d.
recson and aid Its 5een9n Dy ybe frsnay lsgs
appear, congress will not. am sure, be found
lacking In disposition or ability to
relieve it, as far as legislation can do so. The
of confidence and the revival OF
business which men of all parties so much de-
sire depend end more agge a upon IT the promp tn en
upon any other single agency affecting the situ-
alton.
1t is inspiring, too, to remember that no great
emergency in the one hundred and eight years
Of our eventful national life has ever arisen, !
that has not been met with wisdom and courage |
y the ape People tn ssanV nassy and 70 tbe
honor OF the American name. These years OF |
glorious history have exalted mankind and adj |
vanced the cause OF freedom throughout the |
world and immeasurably strengthened the pre- |
cious free institutions which we enjoy. The peO-
Ole love and will sustain these institutions The
great essential to our happiness and prosperity |
S that we adhere to the principles on which the |
government was established and insist upon |
must prevail and our laws be always and every |
where respected and obeyed. We may have |
Jailed In the discharge of our full duty as |
,itizens Of the great republic but 1t Is consoling
and encouraging to realize that free speech, free
press, free thought, free schools, the free and |
unmolested right of religious liberty and wor- |
ship and free and fair elections are dearer and |
more universally enjoyed to-day than ever be- /
Ore These guarantees must be sacredly pre-
served and wisely strengthened. The consti- |
.uted authorities must be cheerfuliy and vigor- |
)usly upheld. Lynchings must not be tolerated /
n great and civilized country like the United /
llties Of the law. The preservation Of public |
,rder the right OF discussion. the integrity OF /
,ourts, and the orderly administration Of justice
must continue forever the rock OF safety upon |
which our government securely rests.
One Of the lessons taught by the late election.
which ali can rejoice In, Is that the citizens OF
aw-abiding people, not easily swerved from the /
)ath of patriotism and honor. This Is In en-
ire accord with the genius Of our institutions, |
md but emphasizes the advantages of inculcat- /
ng even greater love for law and order In the /
uture. Immunity should be granted to none /
Who violate the laws whether individuals. cor /
,orations, or communities; and as the couStitu-
ion imposes upon the president the duty of both /
is own execution and of the statutes enacted /
n pursuance Of its provisions I shall /
ndeavor carefully to carry them nto effect /
The declaration of the party now restored to |
,ower has been in the past that of opposition /
o all combinations Of capital organized IN L
rusts or otherwise to control arbitrarily the /
condition Of trade among our citizens" and 1t |
las supported such legislation as will prevent
he execution Of all schemes TO oppress the peO-
lie by undue charges on their supplies. or oy /
must rates for the transportation Of their prod
Icts to market" This purpose will be steadily
pursued both by the enforcement OF the laws
low in existence and the Recommendation and /
upport OF such statutes as may be necessary 10
AIRY It into effect.
houId be further improved to the constant
promotion OF q safer, better and higher citi
enship. A grave peril to the republic would
90 vicious to appreciate the great value and
,anefinance OF our institutions and laWS-and