The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1897-03-27

President McKinley's first mes
sage to Congress has the merit Of
brevity and point. 1t is, however,
marked by the partisan disingenu-
BUSINESS that has characterized many
of Mr.. McKinley's political speech
es.
1t is true that the first deficit in
the Treasury for any fiscal year was
in 1894. But the deficiency origi-
mated in the loss of nearly 100000
600 of revenue under the Mckinley
law, coincidently with an increase
of expenditures by the Reed McKin-
ley Congress to upward of billion
dollars. There was an actual def
cheney of above 100000 in the
last three months of the Harrison
Administration.
The fact that the deficiency has
continued, and is now running at the
rate of 100000, 900 a year, is ample
warrant for the demand for more
revenue. The sum required could
easily be provided by a stamp tax
ON beer and the restoration of stamp
taxes on bank checks and promisso-
ny notes. But to levy taxes on wealth
is not the Presidents way. He urges
an increased tariff, saying that ''du-
ties should be SO levied upon foreign
products as to preserve the home
market, so far as possible, to our
producers.
To do this is to invite and render
possible monopolies without number.
1t puts premium upon trusts. 1t
enables our manufacturers to charge
our own people higher prices than
they sell for in foreign markets, as
they are now doing in scores of in
stances. Yet the President has not
one word of depreciation or of warn
ing on this organized and law but
tressed robbery.
The first message of President
Mckinley is the message of Bour-
bon World
The Textile Manufacturers Jour
nal, which is a thorough going pro-
tectionist paper, and supporter of
the Republican party, says of the
proposed woodland woolens schedule:
ut is our firm conviction that the
Dingley bill is an error; that it is
contrary to the wishes and expecta-
tions of the Republican party; and
it does not exemplify the ideal and
practical principles Of the protect
i've system; that it is unwise as an
economical measure; that it sacri-
fees the greater interests for the
lesser, and that its ultimate effect
will be disaster to that lesser inter-
est which it seeks to conciliate. In
our structures upon and references
to the bill we confine ourselves en-
tirely to the wool and wooden SEIZED |
ules, disclaiming any knowledge of
the other schedules, for we regard
the wool and wooden schedules to be
unfortunately the paramount feat
ure of the bill in the eyes of the
country at large; it was these sched-
ules, more than any other, that
brought about the repeal of the Nc
Kinley law, and if care is not taken
and wisdom exercised there may be
a similar result following the new
tariff. The party should gain wis
dom from experience, and it should
heed the protests of its we'll wishers
and earnest adherents. We are sor-
ry to see this kind of a measure re-
ported, for it is contrary to the wis
est counsels of the party, which have
been in the direction oflmoderation."
The above terrible arraignment of |
the bill which is to bring protection
and prosperity would be considered |
rank treason if it came from Demo
cratic sources but coming as it does
from leading Republican trade pa
per it comes from an.expert and it
may be taken as the simple truth.