, 1898-10-03

nues on an average of forty-five mill
ions of dollars per annum; while the
first full year of this administration
under the Dingley bill, that measure
provided a surplus of revenue above
ordinary expenses and is now more
than meeting all demands except extra
ordinary war expenses. Then the pes
simist was in his glory; today the op-
timist Is supreme. Then the manufac-
turer found but a limited market for
his goods, the laborer and mechanic
in many parts of the country none at
| all for his muscle and intelligence,
while farmer and ranchman must dis
pose of his produce at a price eth ar
below the cost of production. 81 at
best with no margin of profit. Vow the
factory wheels are buzzing, operatives
are working extra hours, labor finds a
ready market at fair wages, and the
ranchman and the farmer sings merri-
ly as he wends his way homeward
from market. jingling the many sound
dollars his produce has brought him.
1t has come to be universally ad-
mitted that republican national rule
means good times-while the only two
trials of a democratic national admin
istration that l have had the misfor-
tune to witness have brought hard
times, gloom and despair.
OUR POLICY OF PROTECTION.
The republican party, in its last ma
tional platform, renewed it's allegiance
to the distinctively republican policy
Of protection, and no sooner was a re-
publican president installed than he
called congress together in eXtraordi-
nary session, and, true to the business
like instincts of the party, in less than
five months after the party had re-
sumed the reins Of power, in spite of
the dilatory tactics Of some members
of a senate which the republicans
scarcely controlled, the tariff had been
reorganized along republican lines.
Had l the time, 1t would be edifying to
compare the scenes, circumstances and
incidents that surrounded the passage
of that tariff act with those that char
acterized the passage of the last demo-
cratic tariff act-a tariff denounced by
a democratic president as a thing of
perfldy and dishonor-which after.long
and weary months of democratic
wrangling failed utterly to receive the
united support of the party Fhich stood
sponsor for 1t, and came into the world
a d~ishonored thing, denied the legiti-
macy of executive sanction; while the
Dingley bill received the sanction of a
united republican party, as well as
substantial support from democrats
and populists-only n member of the
latter party in the-house of representa-
tives voting against it. Taken alto
gether, it is the most finished piece of
tariff legislation ever passed by any
legislative body-national and ION
s%ectarian in its provisions, depending
for its revenue features on those arti-
Az AN uuNlSo VII ltdSl
the plain people-a tariff which rests
lightly on the people and which yet
produces abundant revenue, sufficient
with the other incomes of the govern
ment to meet all the demands antici-
pated at the time OF its passage.
THE BALANCE OF TRADE.
Under this tariff, during the fiscal
year 1898. orr importations of for
eign merchandise decreased in II
veal one hundred and forty-eight mill
ions of dollars. while our exports in
creased one hundred and eighty-one
millions of dollars. a net gain in our
favor in the one wear over the last wear
of a democratic tariff of threa und
and twenty-nine millions of dollars in
round numbers. leaving a balance of
trade in orr favor of six hundred and
fifteen millions of dollars. a gain in
the b,,,nce of fors;gn trade T., favor of
tho united stotos in ono v.or ovor ,bo
,verape ve,r,v valance for tho tbree
vears nrav;o,s upder . democr.tic ,d-
Immigration of ovor fo,,r b,rdrod and
sixtv millions NJ do,,ars mr. 10 tb;s gain
CONTINUES II wi,, hr,ns , c,e,r Gain tn
tho Amo,ioon ,oonIo !, ,,,onoo =.
,u.s. ,..,.a nsx,.1..,a .s.,.,au
.ian a..
mt. =. 1T
80, 49,. =. -