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Show FOR REVlNUE ONLY DEMOCRATIC POLICY AND HOW IT WORKS IN PRACTICE. The Wltson Tariff Law unit It Bill pendous and Disastrous Fnllure, with Four Yeura of Accompanying; """" Ilualiiess Disaster. The Democratic policy has often been announced to ho "A TARIFF FOR UBVBNUB ONLY." Andwhntthls high-sounding high-sounding policy always In practice his produced Is DIMINISHING HBVBNUK AND INCRBASINO DDFICIT. The Rreit business depression which overtook Uie country during the lint Democratic nilmliilKtrntlon was due not merely to the null-protection features of Democratic tariff tinkering, hut to tlio very serious fulling off In government revenues which It occasioned. lien there Is a condition of uncertainty uncer-tainty and Instability" In business, which Mr. Parker himself 1ms Admitted follow ed past attempts In tho tariff tinkering line, tho Imports of certain classes of dutiable Roods are always mire to fall off ' even with the decreased tariff, for the reason that tho people consume less foreign for-eign luxuries In hard times than In good. With the foreigners flooding the American Ameri-can markets with articles that can Just I well be produced by American labor, our own people naturally have less financial finan-cial moans with which to buy foreign laces, silks, toas, wines, perfumes, dla-I dla-I toonds, works of art, etc. As a revenue-producing mcasflrc the Wilson tariff law was a stupendous full-I full-I nro. Its authors showed colossal bus! uess lucompctence In their failure to make It supply auj where near the mount of revenues required to meet the expenses of the government. The reve-I reve-I nuc from tho Wilson bill fell short of the estimates of its Democratic framers by no less a sum than $87,000,000, cjid this, Including Its sugar Import tax, to I which many of the Democratic leaders, t Including President Cleveland himself, ! had been bitterly opposed. This bill not only did direct damage to manufacturing Industry everywhero throughout the country, but It had disastrous enccts on !tho nation's credit, because In causing the revenues to drop heavily below the expenditures it forced the government to draw for Its routine expenses on the i treasury gold reserve, which was needed to preserve the gold standard of vnluc, l and this shrinkage In the gold reserve In turn necessitated the enormous bond Is sues In which syndicates secured their notorious "rake-offs." All through 189-1 trado demoralization ' Increased, and the government revenues for the first six months of the year turn- I ed out to be nbout $40,000,000 less than ' the Democratic Secretary of the Troas- 1 r ury, Mr. Carlisle, had estimated they ' ' would be In his reiwrt of December, u 1803. Nevertheless tho Democratic lead- I ers failed to heed the warning, but went ahead with their free trade tariff bill without paying the slightest attention to whether or not the bill could produce enough revenue for running tho government. govern-ment. Da via Looks Out for Ilia Own Itevenne. The House of Ueprescntntlves not only truck off the Import taxes on coal, Iron ore, and wool, which were exclusively protective duties, and therefore logical subjects for revision, from the Democratic Demo-cratic ntandolnt, but It refused to continue con-tinue the sugar duties, which were n ' revenue tax of the most productive char- ; actcr. The Senate, through the influ ence of II. O. Davis, now tho Demo-t Demo-t cratlc vice presidential candidate, whoso , vast fortune was represented chiefly in coal lands, replaced tho duty of 40 cents .8 per ton on coal, which was an utterly li 1 insignificant source of national revenue, ,' but It restored only hiicIi part of the migar duties as could play directly Into I the hands of the sugur trust. Cotiaid- ereil merely as n law contrived to pro- i duco suttlrient revenue, tho Senate bill , was undoubtedly miporlor to the House J bill. The Semite sugar tariff. It Is true. ; produced eventually hardly one-half as ; S much revenue as had been yielded by the sugar tariff of 1883, but there was nevertheless never-theless collected from this source. In the first full year under the amended Wilson act, the mini of $20,800,000, nunc of which revenue would have been obtained bj th government under the IIouso bill's free-sugar provisions. Hut the public refused for very obvious reasons to give the frnmers of the Senate amendments any credit for this achievement. On the eve tl the passage of the Wilson bill In the upper house it was discovered that several Democratic Senators, whose votes coirtrolled action on the sugar duties, du-ties, were speculating In WnU street In j sugar trust stock. The nngry public j clamor over these disclosures was follow- ! ed by an eu totter from President ' ' Cleveland to his supporters in the House, j declaring the senatorial changes to be "outrageous discriminations and viola-i viola-i tlons of principle" an assertion which, i In view of the platform of the majority, was certainly not unwarranted. From , the floor of the Senate, tho Democratic leaders retorted publicly with much I allow of Indignation. When, finally, after a long nud stubborn Mriiggle, the Senate tarlrr btll prevailed nud passed birth homes, President Cleveland refused to put Ills name to It. and left the bill to become a law without his signature. , From Had to Worse. j' ' The result of this haphazard reckoning U on the revenue was a law which never , produced a surplus. Bven with its sugar import tax the yield of the Senate bill, In Iho succeeding jear, fell short of the stluiate of its authors by uo less sum turn $87,000,000. for this exceedingly ill-tluiel miscalculation, the Democratic Fifty-third Cn.sress Is properly held re-apoiuihie re-apoiuihie for the necessity of subsequent bond lsu. It Is true that Ixitli houses hid addrd to th bill n tax of two per eiit on incomes over $4,000, and In a vague. Indefinite way bad reckoned that the rroluct of this tax would mako s.d whatever dencleueles might urie from I other schfdii rt. The Income tax did not , stand the text of examination by tho I T.'nltad State Supreme Court, and no public rviM'ie was ever derhed from It. Kreu after the Income tux wus knocked knock-ed out bv the Supreme IVtart. and eieu i' s folly demonstrated that the i -.-ill . was a stupendous failure as a I i iln it of revenue, the Democratic psr-t psr-t in Congress refused to ami . It j t'i it it oouhl produce enough rf eir The k tying, "Millions fur defense, bt not una cent for tribute," in this case might hive been expressed, "Millions of cost to the country in increasing deficit and loss of credit rather than one cent of protection to any industry In which Democratic leaders themselves did not happen to have some personal financial Interest, like coil and sugar." WHBN NBRO PI.AYBD A FID- di.b whim: romb hi'rnbd nn siiowni) no morb uttbu in-diffbrbncb in-diffbrbncb to tub intbubsts OF HIS COt'NTllY THAN TUB I.DADBRS OF TUB DBMOORATIO PAUTV IN CONORBSS DID IN THAT D1STRBSSFUB VBAR ISO! WIIBN THBY PI.AYBD PBTTY POLITICS, AND ALSO TUB MAR-KBT MAR-KBT FOR SUCIAIl STOl'K. AND WITH IHiINI) INDfFFBRBNCB TO A FINANCIAL SITUATION THAT WAS ABRBADY DANGBROUS. PUSHBD TO ITS PASSAOB A 151 M. THAT IN TURN WAS TO PUSH TUB NATION TO TUB VBltY YHlM.li: OF HANKRUPTCY. The rtone lnatenit of the I.oaf. The one single proffer of relief from the Wilson Mil deficit during tho entire session of the Flft -third Congress, Democratic Dem-ocratic in both branches, wus a bill directing di-recting the treasury to coin and uso the $55,000,000 "seigniorage" theoretically acquired by tho government In bujlng slhcr nt the market price and palug It out in over-valued silver dollars. This bill was a case of offering to the fmamially distressed nation a atone wheu n ioif was asked for, for with the gold reserve crumbling to pieces owing to tho Increasing desire of persons apprehending ap-prehending a slump to the filler basis to exchange paper and silver money for gold, and owing to the encroachments of tho government Itself upon the gold reserve re-serve because of tho increasing deficit, It was obviously a caso of trjltig to supply sup-ply the straw to break the camel's back to furnish this additional load of silver for the gold reserve to carry at a parity with gold. Hut what did tho Democratic Congress Con-gress cure If t'le seigniorage bill was to further damago tho credit of the country? coun-try? Never for a moment did the Democrats Dem-ocrats care to go luck on free trade, even to prevent a deficit in the treasury, treas-ury, ami never for a moment did they care to go back on free silver, even to provent the fatal consequences to the national credit that the increasing deficit Iniolvcd. The seigniorage bill, howcier. was fortunately for-tunately vetoed by President Cleveland, who on the nllver question at least was right while his party was wrong, and to whom credit Is due for refusing to concede con-cede anything to the free sliver, sentiment senti-ment during the simo period wheu Alton Al-ton B. Parker and Henry O. Davis were both actively aiding and abetting free silver with their money and with their votes. Vindictive Treatment of the Prosperity Pros-perity Uooie. The Democratic party during those lour years acted as If It deliberately sought to kill the goose that lays the golden egg of prosperity. It was a case of give the goose n hit in tho head with a big stick, then In order to ward off any returning signs of animation, n mora severe hit, this time in the heart; and then, lest there should be a few sparks of vitality left, a violent Lick with the foot, and then another, and tlicn another. And there is nothing in the Democratic platform this year, or In tho personal records of the Democratic candidates, Mossrs. 'Parker nnd Davis, to suggest that tho Democratic party would not again nttempt tho killing of the prosperity prosper-ity gooso it it got the chance. Tho Democrats want reduction In the tariff, but unless they should pursue n niggardly, dr.utlc lli.'y of cutting down present expenditure in furtherance of the honor and prosperity of the nation, they would tieed every bit of the present revenues from the tariff to make both ends meet. However, even by pursuing pursu-ing a policy of ultra niggardliness in expenditures ex-penditures for the public good, extravagance extrav-agance in other ways, coupled with their tariff revision iollcy, would probably more than neutrallre such saving and necessitate largo lond issues. Why should the Intelligent voters of the United States give tho Democratic party tho slightest chance to nllow history to re peat Itself in another doleful chapter of incompetence, scandal, business disaster and hard times for all classes of people V Parker nnd Davis lielong to tho same school as Cleveland as regards free trade, except that Davis has been n protectionist protection-ist when protection to himself through a high tariff on coal was Involved. Hut as regards free silver, neither of them showed the moral strength that Clce-laud Clce-laud showed in trying to prevent tho prosperity of the country from being utterly ut-terly crushed for while Cleveland fought freo sliver, and fought it hard, Parker and Davis both voted for it. |