The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-03-05
DECLARATION POLICY
{Concluded from first page.)

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depression in business ana distress
among the people. The sevtrcst econ
lomy must be observed in AL, public
expenditures drid eEtravaSa nee stopped
Whenever 1t Is found, .,nd prevented
whenever in the future it may be de-
rs now, the unly relief tina. can come
must be front III. decreased cXpend.-
lures. Put the present n.ust not be-
come the permanent condition of the
Government. II has been or uniform
practice to retire, not increase, our out
Standing obligations, antf This policy
must again be tesu.acG and vigorously
enforced. Our revenues should always
be large enough to meet with ease and
prnmDtness not oniE .Er current needs
and the principal and interest or the
Public debt, and make proper and lib
era: provision tor inc most deserving
body Of public creditors, lie soldiers and
sailors and the vi lows and orphans.
who are the pensi 1ners Of the United
States. The Government should not lie
pei mitted TO run behind OF in,r its
d abt in times lise the present. Suitably
0 provide against this is the mandate
of duty;the certain and easy remedy
for most OF our financial troubles.
deficiency is inevitable SO long as the
expenditures of the Government exceed
its receipts. It can only be met by
loans or an increased revenue. While
u
invite waste ard extravaganza, an in
adequate revenue creates distrust and
undermines public and private credit
Neither should be encouraged. Be
ween more lUans and more revenue
here ought 10 be but one opinion; we
should have more revenue and that
Without delay, hindrance or postpon-
ncnt. a surplus in the treasury created
by loans is not permanent or safe re-
lance. 1t will suffice while 1t lasts but
it cannot last long while the OUTLAWS of
the Government are greater than its
receipts, as has been the case during
the past two years, nor must It be for
gotten that however much such loans
may temporarily relieve the situation,
the Govern ment is still Indebted for the
amount OF the surplus thus accrued
which 1t must ultimately pay is not
strengthened, nut weakened by con-
tinued deficit Loans are imperative in
great emergencies TO preserve the Gov
ernment or It's credit, but q failure to
supply needed revenue IN time of peace
for the maintenance Of either has no
Justification.
OPPOSITION TO BONDS.
The best way for the government to
maintain its credit is 10 pay as 1t goes,
not resorting to loans, but by keeping
ut Of dabt, through an adequate income
ccured by n system oftaNation external
u
,olicy of the government pursued from
the beginning and practiced by all par
ties and administrations to raise the
bulk of our revenue from taxes upon
oreign productions entering the United
States for sale and consume
ton. and avoiding for the
,oost part every form of di-
rect taxation. except in t1mc OF war
The country is clearly opposed 10 any
reedless additions to the subjects OF in
ernal taxation, and is committed by it's
attest popular ulterance to the system
I tariff taxation
TIC E can 20 no misunderstanding
eitheI. about Vie pricipnl upon which
his tarifr taxation shall he levied. Moth
ng has ever been made palmer alta gen
eral election than that the controlling
rnciple in tire raising Of revenues from
duties OH IMPORTS is Jealous care for
American interests and American labor.
The people have declared that suci1 leg
ii,ation shrould be had as will give am
pie protection and encouragement to
he industries and development of our
Ountry 1t is therefore, c.rncstly iiO;Sca
and expected that Congress VIII. al the
earliest practicable moment, enact rev
enue legislation that shall be fair rea-
enable, conservative. and Just, and
which. while supplying sufficient rcven-
tie for public purposes, will still be sig
nally beneficial and helpful to every
section and every enterprise D1 the DeO-
PIE. To this policy. we are ALL OF what
ever party, firmly bound by the voice CT
the people. power vastly more po1en-
tial than the expression OF any political
platform. Tne paramount duty Of Con-
Gress Is to sop deficiencies by the res
tora ton Of that protective legislation
which has always been the firmest prop
OF the treasury. The passage OF SUCH
a law or l:3ws would strengthen the
credit of the Government both at home
land abroad, and go towards stoppi;..,
the drain upon the gold reserve held 70"
the redemption OF our currency, which
has been heavy and we'll nigh constant
for several days .,..,., !.
cRECIPROClTY.
| In the ,revisiolf Of the. ttv,iff especial
attention should be giver 30 the rc-ell-
|: ctment and extensi Of the reciprocity
spr:rcipal of the Law Of 1890, under which
suS great q stimulus was given! to oar
oreign trade in new and advantageous
markets for our surplus agricultural
nd manufa cturcd products. The brief
Itrial given This Legislation amply JUS
tiies a further experiment and aildi-
tional discretionary power in the max
ING or commercial treaties the end in
view always to be the opening up of
new markets for the products OF our
ountry, by granting concessions to the
products Of other lands that we need
and cannot produce ourselves. ard
which do not involve any loss of In Dor
TO our own people, but tend TO increase
heir employment.