Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1897-03-13

by loans, or an increased revenue.
While large annual surplus of revenue
may invite waste n extravaganza, in
adequate revenue creates distrust and
undellnines public and private credit.
Neither shoIld be encouraged. Between
more loans and mole revenue, there
ought 20 be but one opinion. We should
have more evenue, and that without
delay, hindrance or postponement. A
surplus in the treasury created by loans
is not "A permanent or safe reliance. 1t
Will suffice while it lasts, but it cannot
last long while the OUTLAWS Of the gov
eminent are greater than It's receipts,
as has been the case during the past
TWO years. Nor must 1t be forgotten,
however much such loans may tenn
porar.ly relieve the situation, the gov
eminent is still indebted for the amount
Of the surplus thus accrued, which It
must ultimately pay. while its ability 10
pay is not strengthened, but weakened,
by a continued deficit. Loans are inn
perative In great emergencies to pre-
serve the government or its credit. but
a failure TO supply needed revenue in
time of peace for the maintenance Of
either is no justification.
Best Way Out.
The best way Tor the to
maintain Its credit is. TO pay as il goes
by resorting to loans, but by keep
ing out of debt-through an adequate
income, secured by a system OF taxa
ton, external, internal, or both. 1t Is
he settled policy Of the government.
pursued from the beginning and prac-
ticed by all parties and administrations,
10 raise the bulk of our revenue from
taxes upon foreign productions enter
ing the United States for sale and con-
sumption, and avoiding, for the most
part, every form of direct taxation, ex-
cept in time OF war. The unit Is
clearly opposed ~ any needless add
tons TO the subjects of internal taxa
ton, and Is committed by It's latest pop
ular uttcrance to the system OF tariff
taxation. There ear be no misunder-
standing. either, about the principle
upon which this tariff taxation shall be
levied. Nothing has ever been made
palmer II a general election than the
controlling principle in the raising OF
revenue from duties on imports. Is zeal
Gus care for the American interests and
American labor. The people have de-
clared that such legislation should be
had as will give ample protection and
therefore, earnestly hoped and expected
encouragement to the industries and
the development OF III country. 1t Is,
that congress Will, at the earliest prac-
teal moment, enact evenu legislation
that shall be fair. reasonable. conserv-
alive and just, and IN the whole sup
plying sufficient revenue for public pur-
poses, will still be signaliy beneficial
and helpful TO every section and every
enterprise of the people. To this policy
we are all, OF whatever party, firmly
bound by the voice OF the pecple-a
power vastly more potential than the
expression Of any political platform.
DUTY Of Congress.
The paramount duty of congress Is
10 stop deficiency by the restoration Of
that protective legislation which has
always been the frmest prop of the
treasury. The passage Of such a law
or laws would strengthen the credit of
the government both at home and
abroad. and go far toward stopping the
drain of the gold reserve held for the
redemption OF IA currency which has
been heavy and well nigh constant for
several years.
Favors Reciprocity.
In the revision OF the tariff, especial
attention should be given to the re-
enactment and extension Of the reel
procity principle Of the law Of 1890. I'M
der which 30 great a stimplus was given
to u foreign trade in new and adj
y~antageous markets. for our surplus
agricultural and manufactured pro-
ducts. The brief trial given this legis.
lation amply justihes a further expert