, 1866-01-18
TARIFFS AND FINANCIAL REvULSIONS.
Editors Chicago Tribune: :

Edttors chicago Tribune:
Your Projection correspondent, after intro.
duc1ng the elements OF currency Imitation, and
fear Of low tariffs, as among the prime cnnses
OF Inc nnancial fcFnlslon OF lSH, no" endeav-
osa TO sho" no" me tear or apprehension Of
low tarlns operated to produce the result In
doing go ne fails Into mathematical error
quite ine1cusable, In one who assumes 10 in-
struct others In a question Of finance. Hesags
says that inasmuch as the tariff of ,es,, 1ras
reduced 10 per cent on the 1sf of Tan,,n..
1S.es fhcref,,-a thc nrotcct,on ~ ~
ae>o, 1919 .us.e ~ p!otest.on VI - Per cent
oA cotloa H'anoaaetu!es' e4lsI1os IN les@ must
have been reduced to Is per cent In 1896,
from which alarming reduction the rerv worst
conseuucnces ensi,ed Nv arithmet,c tonoh 49,
~ .hat t., -. st ~ 49, 'eaouee
me NC. t1Ns .en pe4 csn! VI lnine Is ont{enM
ol ~ ana not tfeo:'!}ths Of It, and II your pro,
lection correspondent will look on pare III.
OF volume II. of Benton,s Abrsdarment or
,be nc,,ates ~ cono+ase \. ,.,,r 49, ~, -.
-, ~ u1 WI nao "Aal
was lhe understanding of the phrase "ten
per cent? among the members WIN vofa1 FIR
the reduction. I nuote from tba arnons,s
'u..u G4'su'
rnrt,na isaa1s " pIoxssSns :, ,"efne annual
s"S {sa, a amer WHICH III T. a the feHs,ning d1ty
divided fJutfn nrAo and oAs.
nd nf ~ ano wv pasTe. ana Paf1 stncf on At the
nJ " ~ LIZ Ut ano tne olnef hat Al The
al duties sho5d bc rnce I e e1o o. noe yes
IL. ,.sIrn ,r,+S ~ - 49, ~ ~ pr GFutam on
Seus = T9 M .ss Ut AL se apd no moro
~ s, ns y se1 ~ snan of The eeouol
Your Proteetton Of M 'e.1,a eorresnonaent s,v, there
rs not 1na ssi POM ~ N inc discussion which have
to snseest that he Eas no qst rot tS,ans lsye
his hair the fmportant fact TINT len Tser
cent reuction of Is ner ccnt inr,ff W. rsntpes tes
Il ~ sssiT ,,ar ,an. ~, ~ r.. eIns sal!n tsuuces
Hr-72 ~. ttnt' uAu Aut ~ IL per cent.
,onitSs atss uspae' la ieenng terms, the tti-
(Which lie cnnfn,nf1s viii fwns1f1hs ~ " 49,,
stateiI he sars t1,o eanntrv .o,t tns 10 auove
nrescr;nt;n3 frn., tnU e.nn seua ios nna tooK
oeg to remind MN him that the reduction Of the
tariff IN 1888 was itself prescription from
",na,1 "1la Doctor % Clay" 1quo.o again from thc
SENATE Turta,v F3h "a 100.
was .ejca H. Hi o mofy ,9s 70 Whsh
posing onnes on Imports, reported The bill With
ratfo"s amendments.
Mr. CRY morsd "a ~ nH. M sh sss, ssn "a, ies,.
i and ali othe, IT. imposiue s aules liz ., On of
De,1s:" Ns c,.- 49,, >, n,..,,, -. .-....,.
1 4h a1hc L. Inc now ,ote 10 propose ne amendment
80 80. - =. .is'onsy e-sen NnutG; LIE oO-
dNe s sSoa5n asf .as Reed p,saosd n she b
~ non made at therpon n sshfeh The goods afe atst
lmpol!so, ana under tueh reeulatlons as may be
pfeeei1oed ~ Law MI. Z. said II would be seen
~ lhle amendment that IN place Of having foreign
valos11Gn u was Intended 70 bare home one. 1t
wae believed by the friends Of the psQteulye sys-
ST ~ aoea .a fegussuo1 "a neee;aa!y sas
athr The tF7ed 9f nfAe 0n4f Aalf ysars tts non
efotr man!!aetauxs tf4A O. s!tcttnay groscH 70
sri tnT et1 h. aias t., aMY 9, loay RI esfy
a1a,,t .nrh nr,d a 1,at u to1egn
Nr. Ciav's smrndment sTps sdon1ed bvve.. ~
nsys 16-Mf. Cay md Mf, CatboHn yot1n, yea. and
Mr. Webster voting nay.
sENArK-March l, 1888.
~. tn on being on 10 psssaEe Ar Coy ea'd he
ssn,1,s .e n ih Paa n neans obliged t9
Vhom he hid aawaJs respected. and whom he Till
respected. He hen re7fit1i to e a7p1oNsaf fou7fsi
O. Ms ea q Maf e., Ms pco1set.se priasipk Aed efn
It1naontd Ie5 T. MashA. He sdmtted thstpsoteeson
!, nas NC Usvn MI " sef 9ns bnt tnefe
81 lbs n.4t o6aet nd nrateeinn ss H. srenna
A. 10 Tue reducttUn or the revenue be VIA II oniS.
ion Thai there waa IN error IN lie osieaaaiioas u
gentlemen. He thonEht that tn the sftcle Of silks
al9ne 5s ahens woam ~ ~ ne soa1ldesaols 1edneton
dta s H. ,ehn;< on<1nn ~ q. Iii - n 1s
renf nd Ss dI os fnotS Iaaf thert .notIa b. mn
iysf ground }or tos,pi11i a. sone ,eT IL saacaasE
Grta notc tsStoy only Is pr cent
DC question was taken on the passage OF the
o'i osNs.s zna csGauea ~ .1 .n1'GM p'Si n r.,.
be,n. EIow Csr;oH Em1or ~, E.aah Inn. f..
linchuyren, 0randy Hiii, Holmes, johns1p. Kius.