The people's journal. (Pickens, S.C.) 1891-1903, 1897-03-11

| N.eo VI ooe9 Vic CcTGdlH anu GaSY rem
cdy Tor mostOf our financial difficulties.
Deficiency is inevitable so long as
the expenditures OF the government OK
cccu It's reCciatS. 1t cannot be met
with loans or increased revenue. While
largo annual surplus Of revenue NAV
lnFlJc waste ana extravaganza, made
quate revenue creates distrust and IN.
dcrmlucs public and private credit.
Mother should be encouraged Be.
tween more loans and moro revenue,
there ought TO be but one opinion. We
should have more revenue, and that
without delay, hindrance or postpone.
mcnt. a surplus in the treasury created
lasts, but cannot by loans Is not Il per-
lnancnt nor salc reliance. 1t will suf-
ice while it last long while the out
iays OF the government are greater
than its rec eipts, ,,s has been tho case
during the past two years.
INCREASE REVENUE BY TANNING;
FOREIGN PRODUCTS.
Nor must it be forgotten that how
ever huch such loans may temporarily
relieve the situation, tho government
Is stl II indebted for tho amount of the
surplus thus accrued, which it must
1 ..latcly pay, while its ability to pay
Is not strengthened, but weakened by
| continued deficit. Loans are imDcr-
dtlvc IN great emergencies to preserve
Tue government or its crcdi:, but u
lallurc to supply needed revenue in
| tiinc OF peace for tho maintenance OF
either has no Justification. Tho best
way Tor the government to muintain its
credit Is TO pay ns it gOcs--not resort
ing TO loans, Int by Keeping out of debt
through All adequate income secured
| by system OF taxation, external or in
tcrnal, on both. II is the settled policy
| ol thc government, pursued from the
beginning and practiccd by all parties
| and administrations, to raise the bull;
OF oNr revenue from taxes upon foreign
| proc uctlons entering the United States
ior 5 Nc aud consumption, and avoiding
Tor The most part every form Of direct
| taxation except in timc of war. The
country is clearly opposed to any need.
less additions TO the subjects of internal
taxation, and is committed by its latest
popular utterancc to tho system OF
tariff taxation. There can be no mis-
| understanding, either, about the prin-
ciple upon which this tariff taxation
shall be levied. Nothing has ever
been made palmer at II general election
than that the controlling principle in
the raising of revenue from duties on
imports is Jealous care for American
interests and American labor. The
people have declared that such lcgis-
latlon shall be had as will give ample
protection and encouragement to the
industries and to the cvelOpmcnt of
| our country.
CONGRESS MUST PROVIDE \ PRO
TECrIVE TARIFF.
1t is, therefore, earnestly hoped and
expected that Congress will, ut the
earliest practical moment, enact row
cnuc legislation that shall be fair, rca-
oonaOic, conservative and just, and
when, while supplying sufficient rev.
enue Tor public purposes, will still be
signally beneficial and helpful to every
section, and every enterprise OF the
people. TO this policy we arc all, of
whatever party, firmly bound by the
voice Of the pcople-a power vastly
more potential than the expression OF
any political platform. The para
mount duty Of Congress is to stop def
clcncies by the restoration of that pro-
tcctive Legislation which has always
been the tirmcSt prop Of She treasury.
The passage OF such law or laws would
| strengthen the credit Of the govern
ment both at home and abroad, aud 90
far towards stopping the drain upon
the gold reserve for the redemption OF
our currency which has been heavy
and wcll nigh constant for several
years.
In the revision Of the tariff cspccial
attention should be given to the re
enactment Of the reciprocal principle
OF the act Of 1890, under which so great
stimulus was given to our foreign
trade in new and advantageous market
Tor our surplus agricultural and manu-
fhcturcd products. The brief tria
given this Legislation amply justiiies
further experiment and additional dis
crctionary power in the making OF com
merclal treaties, the end in view
always to be tho opening up Of new
markets Tor the products Of our owl
country by granting concessions to The
products OF other lands that we ncct
ana cannot produce ourselves, ant
which do not involve any loss of labo,
TO our own people, but tend to increase
their employment.
| REVIVAL OF MANUFACTURING IS
MOST NEEDED.
The depression OF the past four years
has fallen with especial severity upon
tho great body OF tOilors OF the country
and,upon the farmers. The revival OF
manufacturing will be beneficial to
both. Legislation that is beneficial
10 the producer Is beneficial to all
Tho odeprcsscd condition Of indus
try on the farm and in the mine and
| 'thSo'i y nos iCSocHcu VIC hDlllDy Ol INC
people to make the demands upon them
and they rightfully expect that not
only system Of revenue shall be cstab-
lishcd that will secure the largest in
come with the least burden, but that
every means will bo taken to decrease
| rather than increase, our public cxpcn-
diturcS. business conditions are not
the most promising. It will take time
to restore the prosperity Of former
years Ii we cannot promptly attain
it, We can rcsolutcly turn our faces in
that direction, and aid its return by
friendly Legislation. However trouble
some the situation may appear, Con
grcss will not, am sure, be found
lacking in disposition or ability to re-
licvc it, IS far as Legislation can do so
The restoration Of confidence and the
revival Of business, which mon Of al
parties much desire, depend moro
largely upon prompt, energetic ant
intelligent action OF Congress, thar
uDOn unv other sir rio q aoono, y 81 1t,