, 1866-01-06

obliged 10 answcs: "E.e=p, for co,toa he has
o. ither foreign nor home market Draw from nsri-
culture The EuPsE.bnnds1t ssof sna s eSpoy = IN
enants Il time we became a little moe Amer,
ican.,cd md instead feeaIns .he pauacss ari La
Things ctcw 20 bad tat IN 1893 we adopted a
National Free Tfeds sysssu. Immediately lie and
activity began.= The nls snd % nine. coEamens:d
n4ny ARTICLES were exempt rom duty. and the pub-
Lie debt ~at cxtipeaithed The prosperity vas unl-
yc1,aL unsurpassed n the world. Had We eontin-
Bat By degrees, between 1884 and 1872, the tariG
was repealcd. The Esls wrre again closed, fur
ehc11d ii work, States repudlatlng thsu dehls,
Treasury unable to borrow either at home OF
absnsd. md bankrupt laws passed In Congress-.
in less ihan tire years the productions Of iron we're
1e1sal mines Nefe opened, n1ls eusIt, money plsp.
Once pore, Ia 1s6,. ihe Dritish Fee Tfadess'
policy repealed she tariff, and, Notwithstanding the
discovery of gold IN California. money waa a high
went out. In 1857 the elimination was re,ched ID
c1.sls Of ruin and The tscssnry wss near1y bank
rupt. In ths Three reats following immigration
ts 1s &c neh fssTe sas s
Beenu.e the British policy is to ensave errry com-
M1nlt5 that does not rrstst 1t. Therefore, the re-
ffonal ty.te, ~ IS seen II islo ISIS isis aud 1ssE
Labor veil paid, money plenty, Immigration great,
prosperity and Independence. taptd and great.
fIitiFh monopoly system as in lsl7, 1854 1916 aud
! 1s5!-IAbot 81 paid, money sca1te, Immigration
declining, harkrnpscy imminent and national de-
pendcner. The trader ought 10 sec that tho more
ac1Tethe capital The greater the variety ofpursp1s,
the greater must be the quantity OF thiugs to
be exchanged. The merchant should zee that
| lba more ~e finish our producta the more
| ihe consumption and ihe more markets tot
them, The ahlp-owner may rec In It greater i'm
migration, lower rate OF Interest to crable him Ia
compete With toreisn chips. The creater the exports
md imports Of food md Taw material The railroad
transported, more minerals needed, cheaper iron
rails. The landowner can sec land Increase In val
ur, The fbrEner can see greater home consumption
| The banker increased stability in finance. The
bondho1der greater tecat.tJ. The statesman g1cat
| CT Independence Of foreign nations. These vlewl
differ ffrm the English school, who teach that The
..smnegIe1 Is 1he 9Eeat relormer Of the age" Ths
Only unswer that they have to the condition OF tht
| Irieh and Russian peaxantrT Ia something On tht
low price Of hats and steel pens. The nearest ar
where men art engaged In r,anutaetn.ing product:
| which have to paR8 through several hands belor.
| reaching the consumer.
Ihope the day may soon come when this ques
lion will be understood IN its tine light. The rca
\ -ffre traders are those who advocate the nationa
irce trade system; the other system Is foreign mo
Eopoly. The natiou must come to learn th1t cottol
and corn unconsun1ed among us. arc to certain ex
tent petr,hed capliA1. Such are our resources; u
heeun. Let ub 70 continue. and the annual add
ton to our capital Will be nty fold greater thau tn
interest required regularly atthc National Treasury
Remember commercial power and greatness has
plefeneet Of pursuits. Till we thoroughly. lear
this lesson md rot till &her, eba be cnahled
copttol and direct the commcrca OF the world