The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1897-03-06

such power Is vested IN the president. =
prominent, well informed citt1enS Of dt6-
erenf parties, who will command public
and special fitness for the work. Business
exp hence and public training may thus
b combined. and the patriotic zeal of the
such a report win be made as to receive
the support OF all parties. and our finan-
tisan contention The Experiment. 4. pa at
ion. IT can but prove benenciai to the en-
tire country. The question OF
INTERNATIONAL BIMETALLIsM
viii have early and earnest attention. II
it by co %y ian WITH tho sns Other 20 ss srass
commercial towers Of the world. Until
that condition Is realized when the parity
from and is supported by the relative
value OF the two metals. the value OF the
silver already coined. and OF that which
may hereafter be coined. must be kept
constantly at par with gold by every re-
source at our command. The credit OF
the government, the integrity OF its cur
rency. and the inviolabiiity OF its obliga-
tons must be preserved. This was the
c~omrnanding verdict of the people. and IT
Is demanded in every branch
or the government at all times. bu. espe-
ciaily In periods like the present CT de-
preston in business. and distress among
the people. The severest economy must
be observed in all public expenditures.
and extravaganza stopped wherever II Is
found. and prevented whenever I'm the flu
ture IL may be developed. II the revenues
are to remain as now. the only relief that
can come must be from decreased expen-
ditures. But the present must not be-
come the permanent condition OF the gov
eminent. 1t has been our uniform prac-
tice to retire. not increase. our outstand-
ing obligations. and this policy must
again be resumed, and vigorously en-
forced. Our revenues should ALWAYS be
i large enough IN maaf with nauA orA
promptness. not only our current needs,
and the principal and interest OF the pub
provision for that most deserving body
OF public creditors. the soldiers and sail
t 1rs. and the widows and orphsns who are
government should not be permitted to
run behind or increase its debt in times
like the present. Suitably to provide
against this is the mandate Of duty.
the certain. and easy remedy for most OF
our financial difficulties. A deficiency is
inevitable so long as the expenditures of
the government exceed it's receipts. It
can only be met by loans or an increased
revenue. While a large annual surplus OF
revenue may invite waste. and extra
GRANGE Inadequate revenue creates dis
trust and undermines public and private
credit: neither should be encouraged.
MORE REVENUE NEEDED.
Between more loans and more revenue.
there & to be but one opinion. We
should have more revenue and that with
out delay. hindrance or postponement. A
IN nv hiShcah SiOdtUu w lOdlS
Is not a permanent or safe reliance. 1t
suffices while 1t lasts, but II cannot last
are greater than its receipts. as has been
the case during the past two years. Nor
must it be forgotten that, however much
situation. the government is .till indebted
for the amount of the surplus thus ac-
crued while its ability to pay is not
tinued deficit. Loans are imperative in
great emergencies to preserve the govern
ment or its credit, but a failure to supply
needed revenue in time of peace for the
maintenance OF the other has no justif-
cation. The best way for the government
to maintain its credit is to pay as it goes.
not by resorting to loans. but by keeping
out of debt. through an adequate income
secured by a system Of taxation external
policy of the government. pursued from
the beginning and practiced by all parties
and ADMINISTRATIONS to raise the bulk Of
auctions entering the United States for
sale and consumption. and avoiding. for
the most part, every form of direct taxa
ton except in time of war. The country
is clearly opposed to anv needless addi-
lions to the subjects Of internal taxation.
~utterarces to the system of tariff taxa
ton. There can be no nding
tarir taxation shall he levied nSia "I Noth ,ns
has ever been made palmer AT a general
election than that the controlling princi-
pie in the raising of revenue from duties
on fmports is jealous care for American
interests and American labor. The people
have declared that such legislation should
be had as well give ample protection and
announcement to the industries and the
DEVELOPMENT OF our country. 1t Is. there.
fore. earnestly hoDed and expected tina
congress will at the earliest practicable
moment enact
REVENUE LEGISLATION
and just and which while supplying suffi.
cient revenue for public purposes. will
still be sienally beneficial and helpful &c
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 poten.
tial than the expression of any politica'
platform. Thu paramount duty OF con,
gress is to stop deficiencies by the re.
storation Of that protective. Legislation
which has always been the frmest proI
of the treasury. The passage Of such 3
law or laws would strengthen the credi
of the government both at home and
DARN upon the gold reserve held for tn,
redemption of our currency which ha.
been heavy and we'll nigh constant fol
several years.
RECIPROCITY.
In the revision of the tariff. especial at
tention should be given to the re-enac
ment and extension Of the reciprocit,
principle of the law Of 1890. under which
so great a stimulus was given to our for
eign trade in new and advantageou
markets for our surplus. The brief tria
= 1910 dhbpiN I y
further experiment and additional discre
tionary power in the making OF com
mercial treaties. the end in view Away
to be the opening up Of new markets 70
the products OF our country. by grantini
concessions to the products Of other land
that we need and cannot produce our
selves. and which do not involve any los
= Of labor to our own people, but tend I
= Increase their employment.
AGRICULTURAL AND FINANCIAL
= DEPRESSION.
r The depression for the past four year
has fallen with especial severity upon tn
l great body of toilers Of the country an
3 upon none more than the holders OF sma.
< farms. Agriculture has languished an
= labor suffered. The revival Of manufa
e SPEECH No. 2.
turing will be a relief to both. No porto
8 Of our population is more devoted to tn
g institutions OF free government nor NOR
e loyal to their support. while none bear
= more cheerfully or fully It's proper shar
t in the maintenance Of the government Q
is better entitled to its wise and libers
care and protection. Legislation helpft
!, to producers is beneficial to all. The dc
- pressed condition of industry on the far
= and I'm the mine and factory has lessene