The Bellefontaine Republican. [volume] (Bellefontaine, Logan County, Ohio) 1855-1905, 1899-09-29

as war taxes about S342, 900 900 have come
into the Uni ed States treasury from this
source.
The government receives large sums of
money from miscellaneous sources other
than customs and internal revenue. Her
actual receipts during the two years ending
June 80 last amounted to 1921, ,2S1 ,955. SO.
This did not include money borrowed on
account of the necessities Of the Spanish
war.
During the same period the expenditures
amounted To S1,04S, 440, 761 .65. There was
an excess of expenses over receipts OF S127,-
16S,S06.27. In this outgo there were more
than $2S0,000,000 on account of the war
with Spain. Without this war there would
have been no need for war taxes, no ne
cessity for borrowing money, and the
pledge of the Republican party to provide
money enough to meet the expenses Of the
government and pay its interest would
have been kept, and S50,000,000 applied to
the reduction of the public debt.
The new tariff law has been beneficial
to American manufacturers. This is shown
by the fact that during the last two years
the importation of foreign manufactured
articles have amounted articles has
amounted to the sum of $2O6. 100000, while
in the two years preceding they were
worth S279.600,00. The new law has op-
Grated to exclude manufactured articles to
the amount of nearly $75,O0O,O00, and thus
enlarged for ourselves the home market
to this extent.
1t was claimed against the new tariff
law that it would exclude from this coun-
try the crude articles necessary for use by
American manufacturers, and for the Will
son tariff, with its "free raw material
theory, that it would facilitate the intro
duction of these articles. Actual trial and
experience have exploded this theory, as
they have so many others Of Democratic
origin. During the first two years of the
Wilson law the value of these arti-
cles amounted to only s4OO, ,O0O,OOO. Under
the new tariff law they were of the value
of $423, 100000.
A False Claim.
1t was claimed as an argument against
the new tariff law that its enactment
would damage American trade abroad, and
would result in reduction in purchases
by other countries from us. 1t is wonder
full how a little actual experience has de-
stroyed this cherished Democratic theory.
During the first two years of the Wilson
| law the value of American products sold
| to foreign nations was 81, $50, 600 900. Dur
| ing the two years ending on June 80 last
| it was 2,459, 100000 an increase of 40 per
| cent, or S769. .00O, 900. The value of manu-
| the two years first referred to was about
| s412, 100000, and in the last two years it
| was $629, 100000
Benefits to Ohio Industries.
| Among the great industries in which Ohio
| producers are especially interested are
| wool and the manufacture Of iron and
| steel.
Under Democratic free trade the annual
| value of imported wool rose to the vast
| sum of S53, 900. 900 These importations
| fell in 1898 to SIG, 700, 900 and In 1899 to S.
100000. In 1897 the importations of WOOL
| IN goods amounted in value to s49, 100 900,
but In 1898 they fell in value to 81, SOC, 900,
| and in 1899 to S13, 100000
1 Under the influence fthe Wilson tariff
| the sheep in Ohio decreased from 1857, 900
| in 1892 to 2, ,122000 in 1897. With the new
| tariff law the focks began to increase, and
| now number more than $500, 900. The price
| of Xxx Merino washed Ohio wool was in
| June, 1896, 171a cents per pound; now II
| is "a cents
The exports of iron and steel from this
country in 1895 and 1896 amounted in
value to about $4,000, ,OoO but during the
last two years they were Of the value OF
$164, 100000. Under the Wilson law the
| importations of iron and steel in two years
were of the value of S4s,000,0OO In the
last two years they were of the value OF
only S24, 100000. Thus the market for our
iron and steel manufactures has been In
creased at home and abroad. What won
der is 1t that our furnaces are ablaze both
night and day, and that the men are over
worked?
Sound Money Again the Issue.
The Republican party in national con
vention at ST. Louis in 1896 declared itsel1
to be unreservedly for sound money, and
unalteraby opposed to every measure cal
culated to debase our currency or impair
the credit of our country. Upon the othel
. | hand, the Democratic party at Chicago
demanded the free and unrestricted coin
age of silver and gold at the ratio of 16 tt
| 1. From the time this issue was JOINED
until the victory was won in November
'96, the adherents of the Republican part,
, carried on an unrelenting warfare in behal
of sound currency. From that day t.
, this it has successfully resisted all effort
to debase our currency or impair the credi
. of the country. All our silver and pape
t currency has been maintained at parit.
with gold The faith pledged at st. Loui
a | has been kept.
Falsity of Democratic Logic.
The lapse of time has shown the falsit,
Of all the reasoning presented by the rep
resentatives of the Democratic party Il
1896. They told us that the United State
did not have sufficient currency, and tina
the currency would not be large enougl
! without free coinage at the favorite ratio
: We have not had free coinage, but tn
amount Of currency has been increased
July 1, 1896, IL amounted to 1,5O6, 434 ,96e
July l, 1899, 1t was 81 ,932, ,4S4, ,339. The pc
8 capita of circulation has grown from $21. 1
= to S253S.
The prophesed that wheat and othe
: agricultural products would never agai
= become valuable without the silver rati
!, | of 16 to 1. But they have.
They pointed out that the way to star
-. the wheels in the mills, which they ha
silenced, was to adopt their silver fallacy
:, 1t was not done, and yet our manufacture
were never busy as now.
They bewailed the cruel fate of the idl
: and hungry men, women and children, VIII
were everywhere to be found. and the
: | prescribed the free and unrestricted coir
:, age of silver at 16 to 1 for their ills. Thei
nostrum was not taken. but the idle an
= hungry are no longer to be found.
If the Republican party has no bette
| title than the change which has take
!, place in the last three years, it is enttle
!, to a warranty deed for the gratitude G
,, this nation.
Property Built on a Sound Currency
In March, 1897, we were at the loves
D.. ebb in financial, Industrial and comme
-, cial ruin. Now we are On the top wav
"a of a prosperity never before equalled.
"A Much of this great gain TO our countr
: Is attributable 10 the restoration of a tari
~ law fashioned to be beneficial [
=, American interests alone. But much moi
- credit is due to the determination of til
A. American people to maintain inviolate an
10 forever n sound and honest financial polio
q in this land. BY the election of 1896 col
" fidence was restored in the financial inte
7 rity of the people of the United State