The Chanute times. [volume] (Chanute, Kan.) 1897-1913, 1899-02-24

the Treasury-viz. $4I3, 900, 900,
which was used to pay off the pub
lie debt. Cleveland, ignorant of
the first principles of finance and
political economy, fancied that
this surplus was tax upon the con-
sumers, and in his messages he con-
demned the surplus as au unnec-
essary and ruinous tax upon the
people. The public mind became
demoralized upon the question and
accepted the widespread fallacy
that the Tariff is tax. At the
same time, our manufacturing in
dustries had suffered severely from
the reduced Tariff of 1883. Hence,
when Harrison came into power his
party thought they could frame a
bill that would more fully Protect
our industries and at the same time
lessen the imports so as to reduce
somewhat the surplus revenues, thus
meeting both sides of the question,
and the Mckinley bill was made up
with that end in view. 1t took the
duties off from products we do not
produce ana raised the duties on
things we do produce and this slim
ulated business and increased prices
that during 1891 and 1892 the I'M
ports were the largest ever known in
the history of the country, and the
custom receipts increased, as the
foregoing figures show, But when
Cleveland again came into power,
unfortunately he had Congress to
carry out his ideas (Which he did
not have during his first term), and
the Wilson German Tariff bill was
passed, under which, as the above
figures show, the custom receipts
fell off over S165, 900, 900 in two
years, and Mr. Cleveland found
himself with a deficit in the Treas
u1y instead Of surplus, and had
to sell S262, 900, 900 of bonds to
make up the loss caused by his
ruinous policy. The imports fell
from SS27,4O2, 400 in 1892 to 1854,
904, 622 in 1894, decrease of S17a-
3o7, $40 in two years. That is why
the Republican party had to shape
the Dlngley Tariff, SO it wonld not
only Protect and restore prosperity
to our industries, but also increase
the revenues of the Government,
which is most successfully accom-
plished.
To show the great falling off in
the net revenue of the Government
during Cleveland's last low Tariff
administration, we give the follow
ing facts
Net Revenue under Harrison's
administration, 1889 to 1892 go,
inclusive ......; $1537 6Sl,272
Net Revenue under Cleveland's
administration, 1893 to 1875 COCOON. 600
inclusive ....... ........' l300,JO i,9Zz
Loss of revenue during CleVe-
lands as compared with
Harrison administration ......... $213, 715, $50
We have also carfully examined
the official tables giving the net ex-
penses of the Government during
the four years of each of these ad-
and they foot up as
follows:
Expenses
Harrisons 81 KS l26 W.
........................ 1,45937L9ll
increased expenses. 13l ,261,O5i
Cleveland's decrease of reye-
deficiency. $3i60jO,iOi
The public erest-bearing dept
in 1880, the year Garfield was cleo
eel President, SI,723.993,1oo. In
1892, at the close of Harrison's adj
it was only $585, oa9, |
$50, thus showing reduction of 81,
1873, 963, 100, almost one hundred
millions year for twelve years,
while during Cleveland's last four
years the public dept was virtually |
increased $40, 900, 900.
The foregoing are very impor
tant facts obtained from the Gov
eminent finance reports, and they
ought to convince every intelligent
citizen as to which of the
Tariff policies of the two great pol
itical parties is the most productive
of general prosperity. limo change
had ever been made in the Morll
Tariff bill the public debt would all
have been paid before this time,
and the national wealth would have |
been many billions of dollars great
er than it now is.
PRESIDENT DEAD. |