Richmond palladium. [volume] (Richmond, Wayne County, Ind.) 1831-1837, 1837-01-28
AvlSJ RICHMOND. IA, JANUARY -, 1897.

MOND. Ia, JANUARY q
}. cause Of consuming much ilne Of the Hous
and nothing but the peculiar positios which lss
y IcuPied, - . member Of tho Committee Of W.,
= and Means, would have induced him to teespass o
Il its as,sntos.-Occupyi that position, he Eel
. himselfbound 10 protest sga'nst this BILL bein
. la prsJect ~ monstTOus any that had ever bee
: presented 10 the People Of the United State.
!, When Interrupted, Mr L. said he had remarke
' that he had word to say 70 tho cotton growers q
. tho country in relation 10 this bill. What b
meant TO say to them vas, that they have some in
] terest In this great question. They have . com
|, mon interest, a. we'll the manufacturers in tn
prosperity Of The Unon--and they have a particu
interest in this bill besides, in regard to thei
Flown staple.-From data before him il was demon
strsble that the quantity Of cotton consumed in tn
United states, At this moment, equal what tn
whole crop Of the country was in the year 1870
some sixteen or seventeen years ago. This h
stated ~ fact not 10 be disputed. And the con
sumption here, moreover, Is Al this time great
the consumption was in England, two or three and
twenty years ago. We consume COW, IN the man.
ufsctures Of this country, more than fifth. and
nearly & urtt, Of the whole present crop Of cot
ton. Was it nothing, besides, to the growers oil
cotton, that Great Bsian, the great consumer Of
OF our cotton, - actually nov importing it from
the producer ot il in this countryf And 10 this a
time to reduce and almost destroy the consump-
ton VI il here?
But Mr.. L, sadly he would not now 60 into this
sus jeet at Iarse-he nigh: do on other
hitting OCCASION; he had risen, this morning, not
with view TO make speech, but to wash his hands
as member Of the fna nciaI COsssmsttee, Of any
share i" the production Of this bill, or the report
which accompanies lille owed il the sadly 10
hiinsetf--hc owed It 10 his cOnstliuenls-be owed
II to his country, TO 90 50, because he believed the
bill f:aught with every kind Of mischief, amongst
which was its direct tendency increase the exis
ting esnbar Tassment in the commercial coanmuni
ties. For himself The sadly he had no ulerior poll
teal objects to serve by his course this House
on this Or any other question: he asked for nothing
he feared nothing: he was neither an ofice-hoder
nor an ofice-seeker. But his object in addressing
the chairman was TO ascertain, and let the country
know, whether this bill was not a political
measure. He had no opportunity to ascertain that
fact. would like to know (said hey whether there
is any co~cers Of action here, upon this bill among
the Administration party. The country ought to
know. and to know at once, whether this be party
measure or not. hope, sir, that il is not. For
that reason, sir it an that appealed to the Rep
resentatives from Connecticut, deeply interested
in this question as anv State in the Union--to the
Representatives, from New Hampshire, from Rhode
Island from all New England. and from Penhsyl-
vania, the latter the authors Il was going to say)
and the consistent supporters Of the protective sys
ten. now call upon them all to rise in their pla
ces and say whe her they going for this bill.
want the country TO know this. Ii is due 10 the
People that they should know whether bill IS go
ing to pass this House by the votes Of those Repre-
sentlt,ves, which will PROSTATE to the earth the
most important interests Of the Country profess. sir,
some practical know ledge Of the subject; and pro-
nouncc this bill fraught with consequences fatal to
Of indv iduals. 1t has been said that a
bill embracing such provisions the bill now be-
fore the House, bill for the benefit Of the poor.
Sir, ceny the truth Of the proposition. THIS is a
bull the title Of which should be bill to make THE
RICH RICHER, AND THE POOR POORER
Mr.. l.. here traced the passage Of such a bill as
this to ITS probable consequences. He supposed
the case Of an individual in Pennsylvania, Con-
necticui, engaged in manufactures, the cost Of
whose buildings and fixtures have been ten thou
sand dollars, upon which Ia common CASEY there
was a mortgage for one halt the cost. To pay off
this mortgage, when his employment for his ma
chnery fails, his property IS sold. Who buys it!
10 II the poor man who purchases in such cases?
Not At all: but he who has redundent capital. What
Is the case, Mr.. L. asked in those parts Of the
country where pecuniary pressure is felts Go in
TO your cities, and you vii; find that the men who
have small; or midiing properly are paying at the
rate Of from ID to 30 per cont per annum for mon
cy. Who is it that - reapng the profit? Is it the
poor mani No, sir it is the rich capitalist, those
who are allowed 10 use his capital. II there was
ever a system devised on earth to throw the prop
erty Of the into the hands of the few the
expense of the many. it is the present financial
system Of the United States. know it, s,r, and
ain willing that @my judgment Of the matter shall
90 to the country, for every practical man will know
that what say is true.
Az, sir, and the bill on your table goes to much
farther extent than this for Il resckes the labor Of
the country. In one month after the passage Of
this bill, the business Of every manufacturer and
dealer in the country will be Contracted 1t is not
the large capitalist. protected by his money bags,
WI no will feel lis effects, but tho laborer-the me-
chanic, who now gets two dollars, two dollars
and half day. To him the EMPLOYER saws. ool