Little Falls weekly transcript. (Little Falls, Morrison Co., Minn.) 1894-19??, 1897-03-12

ROver0m00C oxCeCu ltD IOCOlpOSs ~ XVII
only be met by loans or an increased rev.
enue. While q large annual surplus Of
revenue may invite waste and extrava>
gance, inadequate revenue creates distrust
and undermines public and private credit.
Neither should be encouraged Between
ns>re loans and more revenue there should
DO but one opinion. asS
We should Have More Revenue,
md that without delay, hindrance o.
postponelnent. A surplus In the treasury
created BY loans is not a permanent or
safe reliance. 1t will suffice while It lasts,
but 1t cannot last long while the OUTLAWS
Of the government are greater than Its re-
ceipts, as has been the case during the past
two years. Nor must it be forgotten thae
however much such loans may tempOrar'
ily relieve the situation, the governments
is still indebted for the amount Of the sur
plus thus accrued, which 1t must ulti-
mately pay, while its ability to pay Is not
strengthened but weakened by q contin-
; ued deficit. Loans are imperative In
great emergencies to preserve the govern
ment or it's credits, but failure to supply
needed revenue in time Of peace for the
maintenance Of either has no justification.
Hest Way to Maintain Credit.
The best way for the government to
maintain It's credit is to pay as it goes
not by resorting to loans, but by keeping
out.of ebt-through an adequate income
secured by system of taxation external
or internal, or both. 1t is the settled pol
icy 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 produc-
tions entering the United States for sale
and consumption and avoiding for the
most part every form Of direct taxation,
except in time Of war. The country is
clearly opposed to any needless additions
to the subject Of internal taxations, ex-
cept in time Of war.
No Mistake About tho Manner.
There can be no misunderstanding,
either, about the principle upon which
this tariff taxation shall he levied. Moth
ing has ever been made palmer at gem
eral election than that the controlling
principle in the raising of revenue on inn
ports is Jealous care for American inter-
ests and American labor. The people
have declared that such legislation should
be HAD as will give ample protection and
encouragement to the industries and
the development of our country. 1t Is,
therefore, earnestly hoped and expected
that congress will, at the earliest practi-
cable moment, enact revenue legislation
that shall be -~~
Fair, Reasonable, Conservative an just,
and which, while supplying sufficient rev
enue for government purposes, will still
be signally beneficial and helpful to ever
II. nf tho nnnnI q
To this policy we are all, of whatever p ar
ty, firmly bound by the %oice Of the peo-
plea power vastly more potential than
the expression of any political platform.
The paramount duty of congress is to stop
deficiencies by the restoration of that pro-
tective legislation which has always been
the flrmest prop of the treasury. The
passage of such law would strengthen
the credit of the government both at home
and abroad, and 60 far toward stopping
the drain upon the gold reserve held for
the redemption Of our currency which has
been heavy and well nigh constant fo1
several years 8. x ~ 81 Z A.
The Reciprocity Principle. &
In the revision of the tariff, especial at
tention should. be given to the re-enact-
ment and extension of the reciprocity
principle Of the law Of 1890, under which
60 great stimulus was given to our for
eign trade in new and advantageous mar
kets for our surplus agricultural and
manufactured products The brief trial
given this legislation amply justifies q
further experiment. and additional dis
cretionary power in the making o. com
mercial treaties, the end in view always
to be the opening Of new markets for the
products Of our country by granting con-
cessions to the products of other lands
that we need and cannot produce our
selves and which do not involve any loss
of labor, to our own people, but tend tc
increase their employment
Agriculture and Labor Have Suffered.
The depression of the past four yeal
has fallen with especial severity upon the
great body of the country and upon none
more than the holders of small farms
Agriculture has languished and labor sui
fered. The revival of manufacturing will
be relief to both. No portion of our pop
ulation is more devoted to the institutions
Of free government, nor more loyal in
their support while none bears more
cheerfully or fully it's proper share In the
maintenance Of the government, or Is bet
| VtE cAbAVAcN w AVo "ASO 0AA AO0AOA S<11
and protection. Legislation helpful
to producer is beneficial to all. The de-
pressed condition on the farm and in thu
mine and factory has lessened the ability
of the people to meet the demands upon
them, and they rightfully expect that moi
only system Of revenue shall be estab
Nshed that will secure the largest revenue
with the least burden, but that every
means will be taken to decrease, rather
than increase, our public expenditures.
+ II Will Take Time.
Business conditions are not the mos
promising. It will take time to restore
the prosperity of former years. If VIZ
cannot promptly attain it, we can reso
lutely turn our faces in that direction ant
aid its return by friendly legislation.
However troublesome the situation
may appear, congress will not, Lam sure
be found lacking in disposition or ability
to relieve it, as far as legislation can d.
90. The restoration Of confidence and thu
revival Of business, which men of all par
! ties 80 much desire, depend more largely
upon the prompt, energetic and intelligen
action of congress than upon any othel
/; single agency affecting the situation.
!, 1t 10 inspiring, too, to remember that n,
! great emergency in the 1903 years of oul
eventful national life has ever arisen tina
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