j You Can Mako Your dollars and ee .,(1 IllO t nrol if nt ft yir, or as rg th(Mii. .noe. Advertlie- by buying you M our More a. ... MW3ni pOSIUOtl. mr Tlfio rfKht to chnugo the iir vrmr ,Mel'ls wiienover uie un TTT . store' ' demands It. The rlttlit la Ift. ' ,ect nny advertisement, wlu-tlier ITV f Iloti that tue publishers may deem 'LI II'. Advertising rates imulo known J1.7.ppllcntlotl. stored at tho postofllcc nt Shenandoah, I'A., as tocond class mall mnttcr. TKL15PIION15 CONNECTION. Evening Herald TilUItSDAY, AUGUST 27, 1600. REPUBLICAN NATIONAL TICKET, roll I'llWIDKKT, WILLIAM M'KIKLLY, 01 Olilo. run vice ruiinr:NT, OAllHirr A. IIOHAltT, 01 Kmc Jersev. REPUBLICAN STATE TICKET. Foi&ijxauurtitAsr-AT-t'Aitfii:, (JALU8ILV A. OROW, Ot Hnsqucharitin. HAMULI, A. DAVENl'OIlT, Of Krlo THE FEOFLE AND FINANCE. Thoro aro a few elementary principles in economic science, says tho Century, tho mastery of which by tho grout body of tho American people would bo of incalculable value to us as a nition. One of theso is that no government can create money out of anything which it may choose to call money. Another is that all classes of tho people, rich and poor, laborer and employer, aro far better oil' with a sound and stable currency than they aro with any of tho varieties of "cheap money." Another is that no part of tho financial or business world can ho benefited or injured by chaiiKos in tiic monetary stundaul of value without corresponding hcnclltor injury to the other part. Still another is that tho larger part of the business of tho country is transacted upon credit, and that anything vim h tends to disturb or to foreshadow dis turbances of the monetary standard of value cripples credit and demoralizes all business. Finally, though we have by no moans ' misted tho list, it would be of tho highest jiiiiiiirtauto for the common pcoplo to becomo tli"iiiighly convinced of tho fact that in iy instance in which tho financial world is disturbed by changes or threats of cliaugcH jo I lie standard of value tho sull'ercrsare always tho poorer people and the hcucficiaticH always tho rich, for the latter are abioto guaul against the coming trouble which they an quick to scent, while the former aio powerless to take tho necessary ptocuiitions i veil if they weio able to anticipate them. -The pornicious delusion that tho govern ment has the power to create money is tr.ieeublo directly to the legal lender act of Ihoj. Previous to that time the American VLuple, in common with those of other en lightened nations, beliocd that the Milo film tiou of government in relation to money wui to certify to tho weight and purity of the metal contained in it. Tills view, which, it is scuicely necessary to bay, has been hIhiwu by tho experience of all civilized countries to bo the only sound one, was com. pli tely upset in the minds of thousands of uti.ustructed people by tho issue of tho legal tenders and tho subsequent decisions of tho Supremo Court upholding the right of Con- gn ss to make such issues The pernicious doctiino that anything who h tho government might choose to stamp as money paper, or silver, or nickel, or copper became ipso facto money fur the amount named on its face obtained so firm a lodgment in the popular mind that calls begun to be heard from all quarters for tho liberal issue of Government mouey in almost veiy form oxcupt gold. Tim country has pas.ed safely through several varieties of tho ouh.ick craze," which was the most toil and dangerous form of tho delusion, it has yet to reach tho solid giotiud pled before the war, So long as the admission is allowed that overnmeiit can create money theio isno "factory answer to bo liiado to tho quos- "Why should wo have a gold stand "Why should wo havo national ks - or "Vt by -lmulil we huvo any limit t ihe ulume ol our currency '" If the eminent can create money, why bliimlil lot create all that c cry body wants? Why mid anybody work for u living? U' 1 ..t ,,t r ..r,.l,. .. .. l..Lt 'Jprelicnsiun touai.-rt.;. IHi.Ii,ii1..i, ,.f llw. tintl. tl.nt nn f..v..r. r,..... .. . an inferior form of money jferiur furm like gold by eu.e tins a law aecreeinV that it shall become so, aid that it cannot do this for tho simple reason that the superior form costs moio, and it 1! this cost which constitutes It value as a niudium of exchunjio. Tho kind of mouey wftirh every nun wants is tho kind which vpu oiiy mo most ei me tilings which lie BaU ri,eum, eczema, rheumatism, neural )oeds that is, have tho largest parcha-tnx gia, catarrh, nervouBncBB, that tired feel- power, coining is clearer inan mat ciieup money moans uign pricet,, anil uoar mouey luuaus low prices. Cheap money is as costly fuVa nation as it is for an individual. Mr. Hi ' Adams lias demonstrated very con Tiircingly tiiat the leual tenders made tho expense of our civil war greater by $SO0,000, OOo than it would have been had thoy never been issued. -lint to the average mau, tho wage-earner of every varloty, the cliango from dear nioiioy to a clioaper otio nieaiiB groatly in creased cost of living witli no Increase of income. Ho still receives the samo number of dollars as wages, hut each dollar buys le s than It did before. If ho lias dcMs, tho depredation of thorn is by no means in tho fsainO proportion as in his wages. Tho people who would benefit at first by a cliango to cheap mouey are farmers and others who havo property which is heavily mortgaged, and who would bo thus relieved of a portion of their debt. Another class of temporary beneficiaries from cheaper mouey are employers, who aro . employes In the cheap all amounts, at its full nominal 1 1 1 1 o obtaining it for such payment In amounts and at its sold uluc. Yet we believe it is a fact that the groat body of employer are ngucd that tho slight gains which aro possible in this way are far from U'lng an adequate set-oil' to the looms caused to all business, by tiie uncertainties of an unstable currency. All this leads naturally and inevitably to the general conclusion that tho host money for all classes in tho long run of course, including tho farmers is that which is most stable in valuu; that is, which most com pletely find steadily servos tho purpose of a medium of exchange, ltshouid bo constantly borne in mind that tho great volume of the business of tlio country, what is called exchange of commodities, is conducted on credit. Statistics show that tho proportion of tho trado of the country that is carried on by moans of money to that curiicd ou by means of credit instruments is in the ratio of about ono to fline. The mere hint of a change In tho value of money sends a thrill of alarm along tho entire credit system, and leads to instantaneous contraction. This is at once felt In overy branch of business nnd industry. Ilucklen's Arnica Salve. Tho boat salvo in tho world for ruts. bruises, soros, ulcers, Bait rheum, fever Gores, tetter, chapped hands, chilblains, corns, and all skin eruptions, and positively cures piles. or jo pay roquired. It is guaranteed toglvo porfect satisfaction or mony refunded, l'rioo 25 cents per box. For Balo by A. Wasloy. A BIG FAILURE. Illltnn, Hughes A Co., tin) Well Known Dry (laoils Tintl, Miller nit Assignment. Ni.w V.) .iv, Aug. 27, TV dry goods firm of Hilton, Hughes is i , once A. T. Slo.v.irl i: C'i., made iri . slgnmont yes terday to (. M. Wright I'ho assignment was made by Alburt 1J Hilton, who com prises tho lirm No statement has as yet boon nuulo ns to tho amount of llnbilltlos mid assets. When the' omployos, who number 2,300, canii) to tho building In tho morning thoy foiinil notleos posted notifying thorn that their services were no longer required, and that thoy would bo paid in full to and in cluding yesterday. Tho following statement was mado by Mr. Hoot in behalf of Honry Hilton : "Pivr tlos In Interest beeamo satisfied that tho business was not making n profit. It was inururoru auterinlncd to clo.so it. It was nt first eupposed that this could bo done by nn ordinary 'closing out' salo, without any gonoral assignment. With this end In vlow Judgo Hilton within tho last month advanced f.'.VMlOO to tho firm to pay on account of inorchandlso claims. Ho has, during tho p.vst few years, ad' vnncud very hico hums. Ho would havo boon willing to advance enough to pay all the unsecured claims, but in tho present stringency it is more than inconvenient to raise thai sum at unco, though tho sum is not largo, loss than $Si.(m Tho dim cull les every banker and merchant knows. In February, 187(5, the linn of A. T. Stewart & Co. was composed of Alexan der T. Stewart and William hlbbey. Mr. Stewart was worth between tflo.uoO.ODO and &.V),U00,0U0, of which i,H0,O()O,OU0 was in United titutos government bonds. Thi firm trail-acted n business of from ?.'.", OUJ.'KK) to Wd.iji) per year. Alosander T. .Stewart died in MhtcIi following, and by his will constituted his wifo, Cornelia M. htuwui-t, and his former friends and lmslnoss associates, Henry Hilton and I William Libber, tho executors of his . estate. Tho business was continued by ' tho oxocut.irs until April 14, lbTO, when Cornelia M. Stewart, the widow, sold her interest in the estato of her decease , i husband to ex-Judge Hilton for "41 ,OUO,0u, , and oilier good and valuable coii.sklor.-i-1 ions." , New .Ii'ii-y h'tnto Coii4ntlon, Tiikxtos, Aug. 2(5. Tho Utpubllcnn stjtto cominlttco met nt tho Trenton House la-t night to complete arrange ments for today's statu convention to nominate presidential doctors. Governor Griggs presided ut both so.s-ions. Tho in dieations are that tho following electoral ticket will lio selected: Kleotiirs-at-largo, John M. Dryden of Kssas and Samuel H. Grey of Camden ; First district, Thomas W. Trencbard, Cumberland; Scoond, Samnol K.Wilson, Mercer; Third, Adolph Mack, Somerset; Fourth, A. H. Whitney, Morris; Fifth. J. Hull Drowning, Dcrgon; Sixth, Jamos S. Hall, Kssex; Sovonth, (ioorgo F. Perkins. Hudson; Eighth, Hrnost Akerman, Jr., Union. Julet nt Sin rniiln. Hio in: ,Iaxi:iiio, Aug. 27. Tho situa tion In Sao I'nulo Is Imtiroving. Tho city Is strongly polioed. Up to tho present time, six persons have boon reported killed In Sao P.iulo and fifty wounded. Tho Italian charge d'uiTalros his demanded from tho Uraziliail government that repa ration bo mado for the Insult to the Italian 11 ig, and the relations between the government und Italy's representative are becoming str.iluo 1 Thoro Is great ruj .ielng through nil tlu country over the "e, -'Ion of tlu a tre "neat regarding t'i ' 1 tall 111 epti Last and all the; time Hood's SarsapnrlUa has been advertised as a blood purlllcr. Its LTeat cures? havo been accomplished through purified blood cures ot scrofula, w, n cures when others foil, becauso it Strikes ot tho root of tho discaso and eliminates every norm ot impurity. Thousands testify to absolute cures ot blood diseases by Hood's Barsaparlllo, olthough discouraged by tho failure ol oiuer medicines, itemomuer iuai ooo s Sarsaparilla Isthebest - In fact the Qua True Dlood inirlner. u . r,Sii easy to buy, easy to take, HOOU S FIllS easy to operato. 25c. Wanted-An Idea Who can think of some Blmplo thing to pateatl Protoct your ldea( thpr may brio? you wealth. ccj-a. Wanhlaston, D. '.. tor their ti.KX) prlte offer Always (Continued Irom Virst l'nge.) private nccouiir or ,ni, iiiut tho guvorli ment has solemnly agreed to keep thum as good ns th bi'si dnlbir.s we linvo. Tliu govornniont bought the silver bullion at its market value nnd coined It Into silver dull.irs. ll.i, ing exelu .Ivr control of tho mintage, it only eniu what it can hold at n parity with gold. The prollt, represunt lng the difference botwinui the emnmerolal value of the silver bullion and tho face valtio of tho silver dollar, goos to the gov ernment for tho lieneflt of tho pooplo. Tho government bought tho sliver bul lion contained In the siher dollar nt very much loss than It i coinage value. It paid It out tilts I'r.iJltors, cud put it in olrou latlon among tho people nt its facu value of one hundred cents, or n full dollar. It roquired the pooplo to acoopt It as a logal tender, and Is thus momlly bound to main tain It nt n parity with gold, which was then, ns now, the recognized standard with ns, nnd tho most enllghtonod nations of tho world. Tho government having Issued nnd circulated tbo silver dollar, must in honor protect tho holdor from loss. This obligation it has so far sacrodly kept. Not only is thoro a moral obligation, but thoro is a legal obligation, expressed in public stututo, to mnintaln the parity. Thoso dollars, in tho particulars I havo named, aro not tho samo ns tho dollars whleh would bo Issued under froo coinage. They would lo tho snmo in form, but dif ferent in rnltio. Tho government would havo no part in tho transaction, axcopt to coin tho etlvor bullion into dollars. It would sharo In no part of tho profit. It would tnko upon Itself no obligation. It rrould not put the dollars into circula tion. It could only got them ns any citi zen would get them, by giving somothlng fur thorn. It would dellvor them to thoso vs h ' deposited the silver, and its connec tion with tho transaction thoro end. Such an! tho silver dollars which would bo Is sued under free culnago of silver nt a ratio of 10 to 1. They Could Not bo Kept at Tar. Who would then maintain the parity f What would keej) them nt par with gold f There would bo no obligation rostlng upon the government to do it, and If there were It would Iw powerless to do it Tho simple truth is wo would bo driven to n silver monomctnllsm. Thoso dollars, therefore would stand upon their real value. If tho freo and unlimited coinage of silver at a ratio of 1(1 ounces of silver to 1 ounco of gold would, as some of our advo cates assert, mako 5U conts In silver worth 1U0 cents, and tho silvor dollar equal to tho gold dollar, then wo would havo no cheaper money than now, nnd It would 1)0 no easier to get. Hut that such would bo tho rosult Is against reason and Is contra dicted by experience in all times nnd in all lands. It moans tho debasement of our cur rency to tho amount of tlio difference be tween tho commercial and coin value of tho sliver dollar, which is over changing, and tho cifect would bo to reduce prop erty values, entail untold financial loss, destroy confldonce, impair tlu obligations of existing contracts, further impoverish tho laborer nnd producers of tho country, creato n panio of unparalleled suverlty, nnd indict upon trade and commerce a deadly blow. A 'jn Inst any such policy I mu unalterably opposed. Itlinetulllsin. Bimetallism cannot be secured by inde pendent action on our part. It cannot bo obtained by opening our mints to tho un limited coinage of tho silver of tho world, at a ratio of 115 ounces of silvor to 1 ounce of gold, when tho commercial value Is more than !M ounces of sliver to 1 ounce of gold. Mexico and China havo tried tho experiment. Mexico lias fro.1 coinage of silvor nnd gold at a ratio slightly in excess of W4 ounces ot silver to 1 ounce of gold, and whllo her mints are freely open to both metals at that ratio not a single dol lar in gold bullion Is coined and circu lated as money. Gold has been driven out of circulation In thoo countries uud they aro on a silver basis alone. Until international agreement is had It Is the plain duty of tho United States to maintain tho gold standard. It is the recognized ami solo standard of tho great commercial nations of the world, with Which wo trade more largely than any other. Kighty-four per cent, of our for olgu trade for tho fiscal year ISO'S was with gold standard countries nnd our trade with other couutrioi was settled on a gold basis. Chloily by moans of legislation during and slnco 1878 there has boon put In circu lation moro than SU-1.000,000 of silver or Its representative. This has boon dono In the honest effort to give to silver, If possi ble, tho samo bullion and coinage value, and encourage tho concurrent uso of both gold and silver as money. Prior to that time thoro had been less than nine mill ions of silver dollars coined in tho entire history of tho United Suites, n period of elghty-nlno years. Tills legislation so cures tho largest uo of silver consistent with financial safety and tho pledge to maintain Its parity with gold. Wo Now Have More Silver Than Gold. Wo have today moro silver than gold. Tills has been accomplished at times with grave porll to tho public crodlt. Tho so called Sherman law sought to uso all the silver product of the United States for money at Its market value. From 1800 to ISO,) tho government purchased 1,30U,000 ounces of silvor a month, or 51,iXX),0(iO ounces n year. Tills was ouo-tlilrd of tho product of the world and practically all of this country's product. It was bellovod bv thoso who then and now favor froo colnaKothat 6uch uso of silver would iub vauco its bullion value to its coinage value, but this expectation was not realized. In a few months, notwithstanding tho un nrooodont market for the silver produced In tho United Statos, tho prlco of silver went down very rapidly, reaching a lowor point than ever before. Then, upon tho reeomnioudatlon of l'resulout Cleveland, both political partlos united in tho repeal of tho purchasing clauso of tho Sherman law. Wo cannot with safety engage in further experiments In this direction. Untho22dof August, 1801, in a publio addross. I salilt 11 we could, havo un In ternatlonal ratio, which till tho loading nations of tho world wouldiulopt, and tho true relation bo ilxod botweou tho two motals, uud all agree upon tho quantity of silvor which should constitute a dollar, then silver would boas froo and unlimited In its privileges of culnago us gold is to day. The Double Standard. Hut that wo havo not lioen ablo to secure, und with the freo mid unllmltod oolnngo of sliver adoptod in tho United States, at tho present ratio, wo would bo still further rdmovod from any interna tlonnl agreement. Wo may never bo ublo to secure it If wo outer upon tho Uolntod col no go of sliver, Tho doublo standard imnlles oaunlltv at n ratio, uud that equality can only bo established by the concurrent law of nations. It was tho concurrent law of nations that mndo the doublo standard ; It will roqulro tho con current lnw of nations to reinstate und sustain it." Tho Kopubllonn party has not boon, nnd is not now, opposod to the uso of silvor money, ns Its record abundantly shows. It has dono all that could be dono for its lncronsod uso, with safety and honor to tho United States, acting apart from other governments. There aro thoso who thln'c that It has already gono boyond the limit of llnanclnl prudence. Surely wo can go no further, and wo must not permit fnlso lights to lure us across tho danger lino. Wo havo much moro silver in uso than any oountry in tho world except India or China 500,0(X),000 more than Groat Hrlt aln ; ?1W,000,UOO moro than Franco; ff 100, OOO.am moro than Germany; 5-H,000,0iX) less than India and 81'23,O.X),0U0 less than China. Tho Hepubllean party has do clarod In favor of nn International agree ment, and If elected president It will bo my duty to employ nil proper moats to promote it. What It Means. Tho freo colnngo of silver In this coun try would dofor, if not dofont, interna tional blmotallls-m, and until nn Interna tional ngreemont can bo had ovary inter est requires us to maintain our present standard. Indepoudont froo oolnngo of silvor nt a ratio of 10 ounces of silvor to 1 ounce of gold would insure the spoody contraction of tho volumo of our currency. It would drive at least 000,000, 000 gold dollars, which wo now hnvo, por mnnontly from tho trade of our country, nnd groatly docronso our por capita circu lation. It Is not proposod by tho Itopubllcan party to take from tho circulating modlum of tho country nny of tho silvor wo now hnvo. On tho contrary, it is proposod to kcop nil of tho sliver monoy now in circu lation ou n parity with gold by maintain ing tho plodgo of the government that all of It shall bo equal to gold. This has boon tho unbroken policy of tho Hepubllean party slnco 1878. It has Inaugurated no now policy. It will keep In circulation and us good ns gold all of tho silver and paper monoy which nro now Included In tho currency of tho country. It will mnin taln their parity. It will prcsorvo tholr equality in tho future ns it has nl ways dono In tho past It will not cousont to put this country on u silvor basis, which would inevitably follow Independent freo colnugo nt n ratio of 10 to 1. It will opposo tho ox- ptusion or golil from our circulation. it thoro is any otio thine which should bo freo from speculation and lltictuatlon it Is tho money of a country. It ought never to bo tho subject of moro partisan contention. When wo part with our labor, our products, or our property, wo should receive In return money which Is ns staple and unchanging in valuo ns tho ingenuity of honest men can mako it. Dobasomont of tho currency means destruction of values. No ono suffers so much from cheap money ns tho farmers and lnborors. Thoy nro tho first to feel Its bad effects und tho last to recover from them. Tanners und Laborers Suitor Most. Tills lias boon tho uniform cxporlonco of all countries, and hero, as elsewhere, tho poor, and not tho rich, are always tho greatest sufferers from ovory attempt to dobaso our monoy. It would fall with alarming severity upon investments al ready mado; upon Insurance companies and their policy holders; upon savings banks and their depositors; upon build ing and loan associations and their mem bers; upon tho savings of thrift; upon ponsionor.s und their famlllos, and upon wage earners and tho purchasing power of their wages. The silver question is not tho only Issuo affecting our monoy in tho pending con- tost. Mot content with urging tho freo col nago of silvor, its strongest champions demand that our paper mouey shall ho Is sued diructlv by tho govornniont of tho United Mates. This is tho Chicago Dem ocratic declaration. Tho St. Louis Peo ple's declaration is that "our national money shall bo Issued by tho genorul gov ernment only, without tho intervention of banks of lssuo, bo full legal tender for tho payment of nil debts, publio uud pri vate," and bo distributed "direct to tho people, and through lawful disbursements of the government." Thus In addition to tho froo coinage of tho world's silvor wo are asked to outer upon an ora of unllmltod irredeemable paper currency. Tho question whleh was fought out from 8U" to 1879 Is thus to bo reopened, with nil Its uncertainties and cheap money experiments of ovory con celvablo form foisted upon us. This indi cates a most startling reactionary policy, strangely nt varlanco with ovory require ment ot sound nnauco; but tho declara tion shows tho spirit and purposo of thoso who, by combined action, are contoudiiig for tho control of tho government Not satisfied with tho dobasomont of our coin whleh wjuld lnovltably follow tho free coinage ot silver ut 10 to 1, thoy would still further degr.ulo our currency ami threaten our publio honor by tho unlim ited issuo of an lrrodoomablo papor cur rency. A graver meiiuco to our financial standing und credit could hardly ha con ceived, and ovory p.vtrlotlo citizen should lie aroused to promptly moot and effect ually defeat It In the Highest Dexreo Iteprehcnslblo. It Is a cause for painful regret nnd so licitude that an offort Is bolng mado by those high In the, oounsels of tho allied parties to dlvldo tho pooplo of this oountry into classes and create distinctions among us, which in fact do not oxlst and aro re pugnant to our form of government. Those appoalsto passion and prejudice aro be neath tho spirit nnd Intelligence of n froo poople, nnd should bo met with stern re bukoby those thoy are sought to lnlluenco. und I believe they will Ijo. Kvory attempt to array class against class, "tho classes against tho uinssos," seotlon against seo- tlon, labor against capital, tho poor against the rich" or Interest against Inter est In tho United States, Is In tho highest degree reprehensible. It is opposed to tho national instluot and Interest and should bo resisted by overy citizen. Wo are not a nation of classes, but of sturdy, free, Independent nnd honorable people, dosplslng the demagogue, and never capitulating to dishonor. This over roourrlug offort endangers popular gov' eminent and Is a menaoo to our liberties. It is not ft now campaign dovlco or party nppoal. It is as old as govornniont among moil, but was never moro untlmoly and unfortunato as now. Washington warned us ngnlnst it, and Wobstor said in tho sonate, In words which I feolaro singularly appropriate at this time, "I udmontsh tho pooplo against tho objoct of outcries like theso. I admonish every industrious laborer of this country to bo on his guard against such doluslori. I tell him tho attempt is to play off ills passion against his interest, and to prevail on him, In thonamo of liberty, to destroy till tho fruits of liberty." l'rotcctlon of Huprume Importance. Anotle r Issue of supreme ininortanco is that of protection. Tho jiorll of free silver is n menaoo to bo feared ; we nro already experiencing the effect of partial freo trado. Tho ono Inust bo averted: tho other corrected. The Ilepublloan party is wedded to tho dootrlno of protection nnd was never morooarnojt in Its sunnort and advocacy than now. If argument were heeded to strengthen its devotion to "tho American system," or increase the hold of that system upon tho party und pooplo, It is found lu tho lesson and experlonoo of tho past threo years. Men realize In tholr own dally llvos what before was to many of them only report, history or tradition. lhey have had a trial of both systems and know what each has dono for thorn. Washington, in his fnrowoll addross. Sopt. 17, 1700, a hundred years ago, said: "As n very Important sourco of strength and security, cherish publio credit Ono method ot preserving it is to uso It ns sparingly ns possible, nvoidlng tho accu mulation of debt, not only by shunning occasions of exponso, but by vigorous ex ertions in time of peace to discharge the ucbts which unavoidable wnrs may havo occasioned, not ungenerously throwing upon posterity tho burdon whloh wo our selves ought to bonr." ro ficllltato tho onforoomont of tho maxims which ho announced ho declared i "It Is osscntlal that vou should boar In mind, that towards tho payment of dobts thoro must bo revenue j that to have rovo nuo there must bo taxos; that no taxes can bo devised which nro not more or loss Ineonvonlont or unpleasant; that tho In trinsic embarrassment inseparable from tho scloctlon of tho prdpor obiocts (which is always a choice of dlflloultlos) ought to do a decisive) motive for a candid construc tion of tho conduct of the government In making it ; and for a spirit of aequlosenco in the measures for obtaining rovonuo which tho public oxlgcnclos may nt nny tlmo dlctuto." Animated by llko sentiments tho pooplo of tho country must now fnco tho condi tions which bosot thom. "Tho publio oxl genclos" demand prompt tirotectlvo lecls- lntlon which will avoid tho accumulation of further debt by providing adoquato revenues for tho expenses of tho govern ment This is ninnlfestly tho requirement of duty. If elected presldont of tho United Stntos it will bo mynim to vigorously pro mote this object and glvo that ample en couragement to tho occupations of tho American pooplo which, ubovo all else, is so imporativclydemnndedatthls juncture of our national affairs. Our Cnndltlnu in Dcccinbor, 1802. In December, 180-3, President Harrison sent his last mossago to congress. It was nn ablo and exhaustive roviow of tho con dition and resources of tho country. It sfitou our situation so accurately that I am sure It will not bo amiss to recite his official and vnluablo testimony. Ihero never has been n tlmo lu our history," said ho, "when work was so abundant, or whon wages wore so high, wnetnor moasurcil by tho currency in which thoy aro paid, or by their power to supply tho nocossarlos nnd comforts of llfo. On tho general nverago prices havo beon such as to glvo to agriculture a fair participation in tho general pros perity. Tho new Industrial plants es tablished slnco Oct 0, 1800, and up to Oct 2, 1S92, number 315, and tho ox tension of existing plants, 103. ,Tho now capital Invested nmounts to ?10,H(i,000, and tho nnmber of additional omployos, 37,2d5. During tho llrst six months of tho pros- ont cnlondaryear 135 now factories were built, of which 40 were cotton mills, 43 knit ting mills, 2(i woolon mills, 15 silk mills, 4 plush mills and 2 linen mills. Of tho 40 cotton mills 21 havo boon built in tho southern states. This fairly dosctibos tho happy condition of tho country In De cember, 189.1. What has It boon since, und what is It now? Our Condition i:iglit Months Later. Tlio messages of President Cleveland from the beginning of his second adminis tration to the presont time abound with descriptions of tho doplorablo Industrial and financial situation of tho country. hllo no resort to history or official state ment is required to adviso us ot tho pres ent condition, und that which has pre vailed during the past threo years, I ven ture to quote from President Cleveland's first mossago, Aug. 8, 1893, addroisod to tho Fifty-third congress, whloh ho callod together In oxtraordlnnry session: "Tho oxlstouco of an alarming nnd ex traordinary business situation," said ho, "Involving tho welfare and prosperity of nil our people, has constralnod me to call together In extra sosslon tho pooplo s rep resentatives In congress, to tho end that through tho wise and patriotic oxerclso of tho legislative duties with which thoy solely aro chargod tho presont ovlls may bo mitigated and dangors threatening tho future averted. Our unfortunate finan cial plight Is not tho result of untoward events, nor of conditions related to our natural rosourcos. Nor Is it trucoablo to any of tho afflictions which frequently check national growth and prosperity. With plenteous crops, with abundant promise of remunerative prodnetlon and mnnufneturo, with unusual invitation to snfo Investment, nnd with satisfactory assurances to business enterprises, sud den financial distrust and fear havo sprung up on ovory sldo. "Numerous monoyod Institutions havo suspended booauso abundant assets wore not Immediately available, to meet tlio de mands of frightened depositors. Survlv lng corporations nnd Individuals are con tent to kejp In hand tho monoy they are usually anxious to loan, and thoso ongugod in legitimate buslnossaro surprised to Cud mat, mo bocui-juos inoy ouer ior loaus, though heretofore satisfactory, are no lon ger aoeepted. Values supposed to bo fixed are fast becoming conjectural and loss und fulluro havo lnvadod overy branch of busi ness." The CU.1WU of the Change. What a startling and sudden change within tho short period ot eight months, from December, Visa, to August, 18U3r What hud oocurrodf A change ot ad ministration ; nil branches of tho govern ment had boon entrusted to tho Demo cratic party, which was committed against the protoctlvo policy that had provallod uninterruptedly for more than thirty-two years and brought unexampled prosperity to tho country and firmly pledgod to Its complete overthrow and tho substitution of a tariff for revenue only. Tho chnugo having beon decreed by tho elections In November its effects wore at ouco antici pated and felt Tho por capita of monoy"hns boon prac tically tho samo during this wholo porlod. Tho quality pf the monoy has bdon Identi cal all kept equal to gold. Thoro Is noth ing connoctod with our monoy, therefore, to account for this suddoli uud aggravated industrial change. Whatever is to bo dep recated in our flnanolol system it must evorywhoro lio admitted that our money has boon absolutely good and brought neither loss nor lmxmvenience to its hold ers. A depreciated currency, has not ex isted to tifrthor VoS trtc trotiolea ousinoss situation. Good .Honey Never Jlmlo Tlnu-s Ilnnl. It Is a mere pretense to attribute the hard times to thofncttlr.it all our cur lnoy is ou a gold basis. Good money novcr made times hard. Those who assort that our presontlndustrlalniid llnanclnl de pression is the rosult of tho gold standard have not read American history aright, or boon ontvful students of the events of recent years. o never nnu greater pros perity In this oountry, In overy flold of riuploymeiit and Industry, than In the busy yours from 18i0 to 1803, during all of which tlmo this country was on a gold basis nnd wnplorod moro cold monor la i Its fiscal and business operations than over before. We hnd, too, n protoctlvo tariff under which emplo revenues wore col lected for tho govornniont andan accumu lating surplus which was constantly nppllod to tho payment of tho public dobt. Jjci us holu fast to Hint which wo know Is good. It Is not moro money wo want; what wo wnnt Is to put tho monoy wo already have at work. When monoy Is employed men are omployoiL Both havo always boon steadily and remuneratively onguged dur ing all tho yoars of protoctlvo tariff legis lation. Whon thoso who havo money lack confldonoo In tho stability of values and investments thoy will not part with tholr monoy. Busluoss. is stagnated, the llfo blood of trade Is checked and congested. "Wo cannot restore DUbllo confidence hv an net which would revolutionize all values, or an act whleh details a doflclency in tho public rovonuos. Wo cannot Inspire con fidence by advocating tho repudiation or practicing dishonesty. Wecnnnot restore confldonco, olthor to tho treasury or to tho pooplo, without a chnugo lu our presont tariff legislation. ' ' Tho only measure of n gonoral nature that affocted tho treasury and tempera ment of our pooplo passed by tho Fifty third congress was tho general tariff act which did uot rocolvo the approval of the president Whatever vlrtuos may bo clalmod for thnt act thoro ,1s confessedly ono which It doos not possoss. It laoks tlio osscntlal vlrtuoof its creation tlio raising ot rovonuo sufficient to supply tho nocds of tho govorivmont It has at no time pro vided enough revenue for such noods, but it has caused a constant dollcloncy lu tho treasury and a stonily deplotlon In the earnings of labor and land. It has con tribuod to swell our national debt moro. than 9203,000,000, a sum nearly ns groat ns tho debt of tho government from Wash ington to Lincoln, Including all our for eign wars, from tho revolution to tho re bellion. Slnco Its passago work at homo has boon dlmlnlshod, prices of ngricul-, turnl products hnvo fallen, conlldonco has ' boon nrrcsted, and gonoral business de moralization Is seen on overy hand. Losing- in jioiu uireciioiis. Wo havo either boon sending too much money out of tho country or getting too llttloln, or both. Wo havo lost steadily In both directions. Our foreign trado has been diminished nnd ottr domestic trado has suffered incalculable loss. Doos not this suggost tho causo of our presont de pression nnd indicate Its romedyf Confi dence In homo cntorprisos has almost wholly disappeared. Our shops aro closed. or running ou half tlmo at reduced wages nnd small profit, If not actual loss. Our mon nt home nro idle, and whllo they nro idle mon abroad aro occupied lu supplying us with goods. Our unrivaled homo markot for tho farmer has also greatly suffered becnuso thoso who con 't'.tuto It; the greatniy of vineiicnu wage earners are w linout tno m work and wagos they formerly had. If f thoy cannot earn wages thoy cannot buy products. Thoy cannot cam If they havo no employment, una whon they do not earn tho fnrmors' homo market is lessoned and Impaired, and tho loss Is felt by both producer anil consumer. T he loss of earn ing powornlono In this country In tho past threo years is sufficient to havo produced our unfortunato business situation. If our labor was woll employed and em ployed at as remunerative wages as in 1892 iu a few months every farmer In tlio land would feel tho glad cliango in tho In creased demand for his products and In tho better prices which ho would rocelvo. Not Opvii Mints, but Opcu Mills. It Is uot nn Increase lu tho volumo ot monoy which is tho need of tho time, but nn increasoof tho volumo of business; not an Increase of coin, but nn Increase of confidence; not more coinage, but a moro active uso of tho money colnod; not opon mints' for tho unllmltod colnngo of tho sliver of tho world, but opeu mills for tho full nnd unrestricted labor of American worklngmon. Tho employment of our mints for tho coinage of tho silvor of tho world would not bring tho necessaries and comforts of llfo back to our pooplo. This will only como with tho employment of tho massos, and such omployment is certain to follow the re-ostabllshmont of a wlso protoctlvo policy whloh shall on courogo manufacturing ut homo. Pro tection has lost none of its virtue and Im portance Tho first duty of tho Itopubllcan party. If rostored to power lu tho country, will bo tho enactment of a tariff law which will rnlso all tho mono necessary to con duct tho government, economically and honustlv administered, and so ndlustiiil aa- - to give preferonco to homo manufactures und adequate protection to homo labor und tho homo market Wo nro not com mitted to any sjieclul schedulos or rates of duty. They lire and should be always subject to change to moot now conditions, but tho principle upon which rates of duty aro lmposod remains tho samo. Our duties should always bo high enough to mensuro tho dlfforonco botwoon the wagos " paid labor nt homo and lu compotlng countries, nnd to adequately protect Amorloan investments nnd American en terprises. Our Farmers and the Turin". Our farmors havo boon hurt by tho changes in our tariff legislation as se verely as our laborers and munufacturors, badly as thoy havo suffered. The Itepub llcuu platform doclaros iu favor of such onoouragomont to our sugar interests "ns will load to tho production on American soil ot nil tho sugar which tho American people uso." It promises to our wool nnd woolon Interests tho "most nmplo protection," a guaranty that ought to commend Itself to ovory patrlotlo citizen. Never was a moro griovous wrong dono tho farmers of our country than that so unjustly Inflicted during the past threeyears upon tho wool growers of America. Although among our most Industrious and useful citizens their Interests has boon practically de stroyed and our woolen affairs Involved In similar disaster. At no tlmo within the past thlrty-slx yonrs nnd perhaps never during any previous period, have so many of our woolon factories beon susponded as now. The Republican party can bo rolled upon to correct theso groat wrongs, if again ontrusted with tho oontrol of congress. (Continued on Third Page.) k
Significant historical Pennsylvania newspapers