Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1857-10-23
sptech OF Mr.. Banks.

Tn lUurilN evening nl l"'b N''N' l'l'
y. +. Bank, addressed the people of Dos
ton. a, Fan,ril Hall, on thc financial affairs
Of the country. Tho spcsgh was worthy the
occasion uul tho man and like all Mr..
Banks speeches i's1uni aud s;a'rsmanlikc.
", find 20 thc Boston Jouruai the follow.
ia: syu.rsr, Of ,Li, speech, which We trans
Ter 10 our columns. The journal ay.
10 deny ths speech ol Mr. Back. ia Fan.
Gull Hal rhurI,y nix & was one OF mark.
yl ability aud power would o. 90 confess 20
such . Iasrr Of partisan hostility as to be-
iuc.phl, OF Judging bc,v,.ua calm logical
aud well reasoned address, and a Aa.hy aud
superficial stump spc,ch Tho srr,ch was
logical and philosophical discussion of The
yrrscut financial crisis, which was traced 20
"a. rr.'l.i, Nv ih, cnvl' grr,r7mori, Of ne
irfatirial i7rr.,i. ofg., country. Tho urii
OF 1876 imposed heavy burden upon tho
manufacturer in duties ou raw materials.
Il mI1'cI a Ike burden upon the business
t..........i,..... 81, d.,
-. - ~. ..,. -.
u r.....,i..,....,.-,..,. 80, ;,.,,
OBSERVATION-DISCLOSURES.
lion ol 81, 100000, and d, anticipated an
incrras, Il that surplus 90 Sau,uuO,OOO ln
49,. .,.,,'rnn ,,n Is. r., ,l,,l
-. 49,. v. cut,. 10,
- ~, -l..t.....r.,.,,.,
- -'' ,'..tr',...- .I.,r,,,.nJ c,,,r,,, ~,
-.-,,,..,,.,.,,r..,.l.,l., ,,l,,,l ,,.,n.. in
r.,,,,g r,tirr ,rIy ia, .slrlul... one
n 81 ,.r cont. ,m,ra,ip. manufactured
article. 1,. and the other fr. which
should contain thc r,a materials used i'm
manufacturing Th.. scheme WA. SUPPORT,
"a nv President Pierce but failed 10 ras.
Congress. although i, was lasrI on rr.n.
,rl. which IA. ben recognized ly ,yrry
administration from Gen. Washington down
TO the rrr.,n, time flr,F iarr1r,r.s mi.
iraf.rial protection. The objections to thi.
measure came from ,hc Southern part 81
the country and from Southern Statesmen.
upon the ground that it was a protective
measure Asa consequence uf thi. defeat
the Manufacturer ,rc forcgItoray IN -.
50 aud $50 us they had Tor YEAR. helora.
: .uuO.ouu annually into tie treasury Of
the United State, already u,,rllwiug with
the coin ui ,ac country, there o. lay idle 81
tac embarrassment uf every individual iu-
targ,t. auI hanging, like an Imu,ndiu.
cloud over every section ct the country.
And our manufactures have gone into the
markets ol the world after paying thi. tax
ol.j Ter cynt. on tho raw materials, and
entered ruto competition with the manuhc.
turyr. OF other countries who received the
raw material, duty ir,c.
Mr.. Banks argued ,hathal ,li, moIifca.
ton of ,hs tariff been mad, In 'i3. there
wogll Ian, been mo- accumulation Of cold
il, IN, ,,1l,. Of H., treasury and tho rr....
.r, rri.,. v.Yll Inv. Lon inl,e,,,l, ,g.,.
r,p,l tva. defeated then. and .gi...
,,,,,y ar.,,l,r..II.y p,,.,l.n, p,.r,. d..
r,g.. il, M. o....ti,,,ll, Z, bi. S,u,lrrp
,ri,Dj. In, nr.T MA, mn, modified until
a., winter. and then only under imr,ri,u,
necessity. in consequence Of the nlarmip.
accumulation ,r r.ip ip aha .pi,.,-,,.,r,
The alteration WIS, relief lY, WA, NOT nll
th,ttlr iplu.tr,,l i,,.r,.,. n IN, country
should h,,, received. and II Lad NOT been
mod, With .,r.;.,, ,r,,,,,... NJ
u,,l. .,r,r,lv mel a.. ,-,r,irl, ,c enc.
of, duti.. wbr,.,.ri,i.r, .,,ll, ,h.,lpte
,,...,,,, r,,r, ,,,,.i,o ~ ,l, ,,,, ,,,,.r,,I.
md 4, m,nnG,,rr.. and .ycr Incidental
,,,,,,,i,p q. r.,,,n. ,,rjr can ar,rJ
r-,,, rf. lr,,.h ~ al. ,,h..., NJ