Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1897-03-04


ment A surplus In the treasury
created by loans Is not rermanent or
SAFE reliance. 1t will sufiice white IL
Iasts, but 1t cannot last long while the
outIays OF the government are greater
IMAM Its recsipte, as has been the case
durlug the pnst two year,. Mr. must
II DO forgotten THAI however mucn
such loans may temporarily relieve
the hituation. the government Is
slilI Indebted for the amount
oil tho hurplus thus tccruel,
WhiCa 1t mnst ultimately pay,
while lta ability 10 pay is not strength.
ehed but weakened by "A continued
deficit. Loans are Imperative TO
great emergencies to preserve the gov
eminent or Its credit, but failuts ~
supply ueeded revenue In time OF
peaos Tor the maiu taingnCe OF either
has no Justification.
now 10 MAINTAIN THE CREDIT.
TIE best way for the government to
maintain its credit Is 10 pay as 1t goea
mot by resOrting TO lonns, but by
Keeping Ous OF uebt--thrOugh an nde.
quate Income secured by q aystem OF
Taxation, external or internal, or both
IL 10 tho settled policy OF tna govern
ment, lursued from the beginning
and practiced by all PARTIES and aG-
mlnistrHtiOn5, to raise the bulk OF
revenue from taxes upon foreign prod
ucta entering the United States for
tale and consumption; and avoiding
Tor tho most part every form OF direct
taxation, exeep, In time of war. The
country Is clearly opposed to any need
less additions to the subjects or inter.
nal taxation, and 10 committed by its
latest popular u,leranoe 10 the sys-
tenn Of tariff It X ,tlon. rhere can be no
misunderstanding, either, nbiu the
principle upon which this tariff tax.
alton shau bs levied. Nothing has
ever been made palmer at general
election than that the controlling
nriuciple in the ralaing Of revenue on
impOrts, In jealous caro- for main in
lercsts and American labor, IL wished.
The people nave declared that su,h
leg isialiDn ehOuii be had as VIII give
ample protection and encouragement
TO tne industries and the development
OF our country. II 10 therefore earn
estly hoped and expected that Con.
stess will, at the earliest practical
moment, enact revenue legislation
that snail be lair, reasonable, conserv.
alive and Just, and which, while sup.
plying sufficient revenue for public
purposes, Will still be signplly Eenel.
cial and nelpiul for every section and
every enterprise OF the people. To
this policy we are all, OF Whatever
party, firmly bound by the voice OF the
peOpls--a power vastly more potential
than the expression of any political
platform.
The paramount duty OF Congress ia
TO stop defiGienCiei by tho restoration
OF that protective legislation whlon
hae always been the fifmest prop VI
the treasury. The passage Of such q
l8w or laws would strengthen the
credit OF the government both al home
ana abroad and go far toward stopping
the drain upon the gold reserve neld
Tor the redemption OF our currency
which has been heavy and wei
nigh constant for several years.
TARIFF REVISION.
In tho revision Of the tariff, especial
attention should be given 10 the re-
enactment and extension OF the
reciprocity principle OF the law OF 1890,
under which great eiimulus was
given to our foreign trade 10 new anu
advantageous markets, for our surplus
agricultural and manufactured pro-
ductG. Tue briei trial given this iegis.
lntion amply justities further ex peril
ment and additional discie IOuary
power ia the mating OF commercial
treaties, the end in view always to be
the opening up OF new markets for the
products OF our country, by granting
concessions to the prOducts OF other
lo nd m ~ no 80 .
ourselves, aOd which do not Involve
any loss OF labor to our own people, but
tend to increase their employment.
The depression OF the past cur years
has fallen With especial severity
upon the great body oil the
couAtryland upon none more than
the holIers ofenali farms. Agriculture
has lauguished ana lsbor suffered.
The revival OF manufacturing will lie
a relief 20 both. No portion OF cur
people is more devoted to the iustitu.
tions OF free government, nor more
loyal In their support, while none
bears more cheeriully or fully iis share
In tho maintenance OF the govern
ment or lie better entitled to its wise
and liberal care and protection.
Legislation helpful to producers 70
beneficial to all. The depressed con-
dition Of Industry on the farm and in
the mandatory has lessened the
ability OF the people to meet the de.
msnus upon them, and they rightiully
expect that not only system OF reye-
bue uhBll be established that will
secure the largest income with tho
highest burden, but that every mesns
will be taken to decrease rather than
Increase our public ,xpejitures. Busl-
ness conditions are not the most
promising. 1t will take timo to restore
the prosperity OF former years. ii we
cannot promptly attain II, we can
resolutely turn our faces In that Lirec.
ton and aid its return by friendly
legislation. However Troublesome the
situation may appear, Congress Will
not, am sure, be found lacking In
disposition or ability IL relieve as lar
as legislation can do so. The restora.
ton OF confidence and the revival OF
business which meu of all parties GO
much desire, depends more largely
upon the prompt, energetic and intelli.
gent action OF Congress, than upon
any other single agency that affects
the situation.
OUR GLORIOUS HIEToRY,
1t is inspiring, too, to remember that
no great emergency in the one hun
ured and twenty years OF our oventful
estarr.. ,zs-a.r-, ,-..---