Pine Bluff daily graphic., 1897-03-17
.McKINLEY' s MESSAGE.

is plea for protection. It is doc ument remarkable however for it's brevity and it's business like presen tation of the condition of the Treas ury The President reviews briefly | the statistics of the national ex- chequer showing increasing deficits from year to year since 1894, which | he estimates to aggregate at the beginning of the present month the startling sum of $186, 03l 580 1
 The deficit for 1894 was $69, ,713, : l 260; for 1895 the deficit was $42, ,805, I 223, and for the next year $25, ,203, 245, making total deficit up to June 30, 1896 of $137, ,811, ,729.
 This condition the President urges as an ample excuse for bringing Congress together in extra session, which he urges to promptly cor rect existing conditions Ample revenues must be supplied, not only for the ordinary expenses of the Government" the President con- tinues, sbuG for the prompt pay ment of liberal pensions and the liquidation of the principal and interest of the public debt" or course the pensioners must be paid that's what the Republican party is here for. One of the financial difficulties of the Treasury and the cause of increasing deficits is the Liberal pensions" already allowed the pension grabbers. The G. A. R's are already costing the Govern ment about $40, 600, 900 annually, which is a sum greater than the cost of the standing armies of France and Germany combined.
 The President concludes:
 In raising revenue, duties should be so levied upon foreign products as to preserve the home market so far as possible to our own producers; to revive and increase manufac- tories; to revive and encourage agriculture; to increase our domes- tie and foreign commerce; to aid and develop mining and building. and to render to labor in every field of useful occupation the liberal wages and adequate rewards to which skill and industry are justly entitled.
 This paragraph is an apparent antithesis. How are we going to raise revenue and at the same time 4preserve the home market?e If the home market is 'sprserVed' by a probitory tariff there can be no revenue raised because there is no market for imports from which to raise revenue, hence no revenue. The truth is that the Governmet derived more 4eueaae from the Wilson bill than the Mckinley bill The Mckinley bill was simply pro hibitory, hence reduction of i'm ports, and, as natural consequence, the 2cgenueS were reduced. And then, again, how are we going to incease our foreign commerce by a Chinese wall of protection which shuts out foreign commerce.? Foreign nations will not send their ships here unladened When they can come ladened with their own products, they will return ladened with the products of the United States, thereby increasing our for eign commerce; otherwise not.
 1t is not more revenue that the Government needs, but greater economy in public expenditures. It is not more money that the people need, but more equitable distriba- tion of the money of the country What we need is not protective tariff, but reueaue tariff. The one leyies tribute for the manufacturer and monopolist; the other levies reveaue for the Government It is not the latter but the former that the President and his supporters want; and the contributors to the Republican campaign fund are al ready itching for a return of their money by class legislation, and the indications are that they will get it in short order.
 We desire to call attention to the fact, however, that in no one of the years for which President Mckinley has recited deficit has that deficit amounted to SsO. .OO0. 00O Itl