The times. [volume] (Richmond, Va.) 1890-1903, 1897-05-26
nm TARIFF SIGHT, BOT

THE TARIFF ~ SIGHT, Boi ----
Tho peauhHcans OF the Senate undoubt-
,di, took long step towards making
rnaltv OF the tariff bin when 10y
agreed in caucus Monday evening to dis
n,n.e with all speeches upon the OH
and IN offer their amendments first % tne
FINANCE Committee and then TO the lie
nrbucan caucus 10 be called upon each
.obodule. This IS sensible party manage
mont and discipline. Full opportunity is
clycn each member OF the party to s-@;e
his claims and the reasons for them 10
Ills marty associates and the members
,u orr.c fo how To the will OF the ma
ioritv n the majority decides against
their claims. So long as party keeps
wilhn the principles Of the party this
ig the duty Of each member Of IT, The
difference between this submissive action
and that OF the revolt OF the gold Demo-
Gratis is that the Republican majority
are adhcring 10 the principle OF a pro-
tcctiye tariff. which is Republican doc
truo. while the Chicago platform re-
pudatcI Democratic principles and
adopted those Of AHgeld and the Popu-
Ilsls
This action seems 10 bring the passage
OF the tarin bin within reasonable view.
The Democrats should do an in their
power TO hasten the day when it will be-
come law. recording their protest
against IT, but consuming no time that
IS not necessarily demanded Speeches
are useless now. What the country wants
is action. and the Democrats should all
low the Republicans 10 act without any
interruption that is not absolutely neces-
sary for Keeping the record clear
We hope most sincerely that the new
tariff will bring that revival of prosper
ity which the Republicans promise us,
but we have not the slightest hope Of it.
The ils That the country is suffering
from have their source in n very differ
ont quarter from that. An increase Of
protective duties may give employment
10 pood many laborlns people in tho
north and northwest who are Low idle
and il may bring content to them. b"I
while these idle lalOrors have added 10
The prevailing discomfort they are not
the only people who produced 1t. The
discomfort now $50 prevalent has been
gradually growing up and coming ON for
the past thirty years. IL is largely due
to the farmers who live in country dis
tricts that have no banks. All our money
Of an kinds has the credit OF the United
states at IT'S back and is therefore good
al it's face AN over the Union. il an
goes. therefore, to the commercial cen
Tres and leaves tine farmers without any
media of exchange. They have been com
planning of THIS for years but the country
would not heed their complaint, ana this
NEGLECT of them was kept mp until they
asserted their demands i'm the tremend-
GUS upheaval that W. had last fail The
trouble therefore. IS also with the farm
els and it is SONG 10 increase instead Of
subsidiro until their reasonable demands
are attended 90. We look therefore for
LITTLE or no paliauon of present condi-
tions from the enactment of the tariff
law THE trouble does not originate in
81 lacl, of protection duties so that am I'M
crease of protection duties is not going
10 end the trouble.
Instead of decreasing the Times fears
that our troubles are going TO increase.
,rh, CAPITALISTS OF this country and of the
world. indeed were seriously alarmed by
tha voi. that Bryan received. They
sand. If Doe got $50 large o vote in Novem-
lcr 1906. what assurance have $50 that he
viii not De elected I'm 1890.
Business cannot be done without the
aid of capital and capital is DESERVING
business an the time. The complete
proof Of il is the immense surplus Do the
New York banks that cannot be loaned
at au. And get that surplus can an be
borrowed by men who can give as cole
lateral for it good securities that are
listed ON the New York stock exchange
and that can therefore Doe sold at "a moe
meuts notice. Ii is not for loan to bus.-
uoss enterprises because these would in-
volye il WHOM the next election would
catch it Hu, il u.s. for loan on conditions
chat will enable the lender TO call it in
as gold before the election comes ON.
There Is where an our difficulties lie,
and the protective tariff viii not touch