The Caucasian. (Clinton, N.C.) 188?-1913, 1897-03-11

ruhii CoIuIdily concur IN suc6 action.
IL such power is vested in the Presi-
dent. II is my purpose 10 appoint COM
mission or prominent, wsli-infOr med
citizens Of different parties, who will
command public confidence, both on
account OF their ability and special TT
ness Tor the work. Business expert
ence and public training may thus be
combined, and the patriotic zeal Of the
friends Of the country be 80 directed
that such report will he made as 10
receive the support Of all parties, and
our finances cease to be the subject Of
mere artisan contention. The exper-
iment Is, at all events, worth a trial,
and in my opinion il can but prove
beneficial To the entire country.
INTERNATIONAL RIMHrALLIsM.
The question Of international bimet-
allism will have early and earnest at
teDtioD. 1t will be my constant en-
deavor to secure 1t by co-opperation
with the other great commercial pow
ers Of the world. Until that cOndi-
ti0n is realized when the parity be-
tween our gold and silver money
springs from and is supported by the
relative value of the two metals, the
value Of silver already coined and of
that which may hereafter be coined.
must be kept constantly at par with
gold bv every resource at our COM
mand The credit OF the government,
the integrity Of its currency and the
inviOabllity OF its obligations must be
preserved. This was the commanding
verdict Of the people and it will not be
unheeded. + ;Onomy is demanded in
every branch of the government at all
times, but especially in periods like
he present of depression in business
and distress among the people.
ECONoMY IN PUBLIC EXPENDITURES.
The severest economy must be OBJ
served in all public expenditures, and
exfravagance stopped wherever it is
found, and prevented whenever in the
future it may be developed. II the
revenues are 10 remain as now, the
only relief that can come must be from
decreased expenditures. But the
present must not become the perma-
nent condition Of the government. 1t
has been our uniform practice to retire,
not increase, our outstanding Obliga-
tions, and this policy must again be
resumed and vigorously enforced. Our
revenues should always be large
enough to meet with ease and prompt
hNro bou WHY Jul hCCuS ouu
the principal and interest of the pub
lie debt, but to make proper and lib
eral provision for that most deserving
body of public creditors, the soldiers
and sailors and the widows and or
phans who are the pensioners of the
L United States. The government should
not be permitted to run behind or in
crease it's debt in times like the pres
ent. Suitably to provide against this
is the mandate of duty; the certain
and easy remedy for most of our finan-
cial difficulties. A deficiency is inev-
liable so long as the expenditures of
| the government exceed it's receipts.
1t can only be met by loans, or any in
creased revenue. While large annual
| surplus of revenue may invite waste
and extravaganza, inadequate reve-
nue. create distrust and undermines
public and private credit. Neither
should be encouraged. Between more
loans and more revenue, there ought
to be but one opinion.
INCREASED REVENUE PUBLIC NEcEs.
| ITY.
We should have more revenue, and
that without delay, hindrance or post.
pOUement. A surplus in the treas
/ SlCdtCu Wy lobIc, 10 uOU d
nent or safe reliance. 1t will suffice
while it lasts but it cannot last long
while the Outlays of the government
are greater than its receipts, as ha:
been the case during the past two
years. Nor must it be forgotten thai
however much such loans may tenn.
porarilly relieve the situation, the gov.
ernment is still indebted for the
amount of the eurplus thus accrued
which it must ultimately pay, while
its ability to pay is not strengthened
but weakened, by a continued deficit
Loans are imperative in great emerg
encies to preserve the government OF
its credit, but failure to supply need
ed revenue in time of peace for tn,
maintenance Of either has no justiH
cation.
The best way for the government t,
maintain its credit is to pay as it goes
not by resOrting to loans, but b,
keeping out of debt through an ade
quate income secured by system o
taxation, external or internal, or bOth
1t is the settled policy of the govern
ment, pursued from the beginning an,
practiced by all parties and admins
tratiOns to raise the bulk of our reve
nue. from taxes upon foreign prOduc
tions entering the United States TO
sale and consumption, and avoiding
for the most part, every form of di
rect taxation, except in time of wal
The country is clearly opposed to an,
needless additions to the subject o
, international taxation, as cOmmitte
? by its latest popular utterance to tn
, system of tariff taxation. There ca
be no Misunderstanding, either abOu
the principle upon which this tari
. taxation shall be levied. Nothing ha
= ever been made palmer at q gener,
election than that the cOntrOllin
r principle in the raising of revenu
r from duties on imports is Jealous Cal
3 for American interests and America
/ labor. The people have declared thu
o such legislation should be had as We
a give ample protection and encourage
ment to the industries and develOI
ment of our country. 1t is therefor
t Congress will, at the earliest pract
u cable moment, enact revenue legisl,
y ton that shall be fair, reasODabl
8, conservative and just, and wbic
II while supply ing sufficient revenue +,
e public purposes, will still be signal
u beneficial and helpful to every sectit
u and every enterprise of the people.
40 this policy we are all, Of whatev
ii party, firmly bound by the voice
T the people-a power vastly mo
De potent than the expression of al
20 political platform. The paramou
OF duty ofI 'gress is to stop deficie
D. cies by tn. 'stOration of that prOte
ne tive legislation which has alwa
OF been the firmest prop of the treasuI
g The passage of such law or la
10 would strengthen the credit of
In In government, both at home and abro'
it and 90 far towards stopping the dra
ID, upon the gold reserve held for the
Dg demption of our currency, which
its been heavy and well. nigh constant
or several years.
no TARIFF LEGISLATION.
is- In the revision of the tariff, es
tn clal attention should be given to
- auoctmout and oytenslOn of the