Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1904-07-30


not as a matter of temporary political
cxnodleucy not because of shifting
conditions in the production of gold
In certain mining ccntera. but In a..
cordancc with what we regard as the
fundamental principles uf national
morality and wisdom.
Under rfc financial legislation
which we have enacted there ls now
ample circulation Tor every business
need; and oyory dollar oi this clrcuIa
ton ls worth O. dollar in gold. We
have reduced Observation-Disclosures den'
and boz SIN larFor measure the inter
esq con chat debt AN of thc aar taxes
Imposed during Che Spanish war have
been removed with O. view to relieve
che people and Co prevent thC accumu.
lafou of Bu unnecessary surplus The
result o. that hardly ever before have.
the expenditures and income OF the
government sD closely corrcEpondDd.
ln the hFcaI year that has just closed
the excess OF income over the urdIn
AIRY expenditures was nine millions
of deliara This does not take account
OF the nity millions expended out of
tho accumulated surplus Tor the pur
chase oft the lsthmiun canal % is an
extraordinary proof of tho sound
financial condition of the nation that
instead of follow.ug The usual course
Ir such matters and throwing the
burden upon uostorIty by an issue of
bonds. wo were able Co make the pay.
mont outright and yet after u 90 have
loo the treasury "a surplus Of one hun.
dred and siNlyonc millions Moreover
We wore able Co pny this hfiyone
millions of dollars ont of hand with.
ont causing the slightest disturbance
to business conditions
We have enacted tariff law undor
which during tho past few years Che
country haa attained n hoight of ma
trral wollho.uc INTERCHANGEABLE
Wages are higher thaa ever before
That whenever tho nood arises there
should Boz a rondiustment of the tariff
schedules is undoubtod; but such
changes can with safety bo made only
by those whose devotion to the prin.
ciple of a protective tariff is beyond
question: for otherwise the changes
would amount not 90 roadiustmont
but to repeal The foadlustmcnt when
made must maintain and not destroy
the protective principle. To the far
mor the merchant. the manufacturer
rhis Oh vital. but perhaps no other
man Is 90 much interested az the
wage.Workor "a the maintenance OF
our present economic system, both
as regards the finances and the tar.
&c. The standard OF living 81 our
warc.workcrs is higher than that of
any other country. and u can not so
remain unless we have a protective
tariff which shall always keep ns q
minimum "a rate of duty sufficient Co
cover the difference between the To-
bor cost here and abroad. Those who,
Ike our opponents, "donuunce pro.
lection aa robbery" thereby CNpli.
City commit themselves 90 the prop.
os.t.on that it they were to revise
the tariff mo- heed would ho paid 10
the necessity of meeting this differ.
once between the standards OF living
Tor wago.workcrs here and in other
countries. aud therefore on this point
their autaguuism to our position iH
fundamental Here again We nsk that
their promises and ours he Judged
by what has been done la the immed-
late past. We ask that sober and
sensible mon compare the workings
of the present tariff law, and the con.
dluous which obtain undCr 20, with
the working Of the preceding tariff
| law OF 1898 aud the conditions which
that tariff OF 1898 holuod 20 bring
about
We believe in reciprocity with for
I sIgn nations ON lhp terms outlined in
/ President McKiuirys last speech.
which urged the extension of our
/ foreign markets by reciprocal agree
mcnis whenever thoy Conld ho made
without injury 90 American industry
and labor 10 ia singular fact TINT
only the great reciprocity treaty 70.
| Gently adopted that with Cuba was
I IINHIh hINNHfN NIiNN"N NINN' IVY 'N'
representative Of the worry party
which now states that % iayors rocip
r0city And hero again We ask that
/ ihp worth of mr words be- Judged
| ly comparIuE lHDir deeds with ours.
/ on this Cuban reciprocity treaty
there were 90 tho outset grave df
| ference of opinion among ourselves;
and the notable thing in the ncgoun
ton and ratification OF the treaty
and in the legislation whica carried
/ o. Into effect was the highly practical
l manner Goa which without sacrifice
of principle. these differences Of opin.
ion were reconcilcd There was nu
rupture of great party, but an eN
ccnout practical outcome, the result
OF the harmonious cooperation of two
successive presidents and two sue
cesslvo congresses. This is an Illus
| trauon OF the governing capacity
which entities us 60 the confidence Of
the people not only in our purposes
but ln our practical ability Co achieve
those purposes Judging by the hts
tory at the last twelve years down
% this very month. Is there iustlta
cation for believing that under sim
liar circumstances and with similar