The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-09-03
FREE TRADE WITH AL THE WORLD.

About nifty persons including one lady-doubtiess
of the strong minded school-comprised the assem-
blage last evening at the monthly meeting OF the
American Trade LEAGUE at the Dodworth studio
building, corner OF Fifth avenue and Twenty-siXth
street. After an explanation of the absence OF Mr..
David Dudley Field, who was announced to preside,
Mr.. Charles Moran was called to the chair.
Mr.. Moran lead or with brief speech, congratu-
lating the members OF the league having kept up
their meetings during the summer months. This
fact showed that the subject gradually attract.
Ing the attention IL deserved. The importance OF
keepiug up the MEETINGS could not be overestmated
They were bound to triumph in the end. The cause
was one OF common sense. OF broad humanity. They
must keen their present efforts or else they would
be outstrlpped by other nations He instanced an
article in late Paris magazine as enforcing the same
line OF argument held by themselves on the SUBJECT
OF taxaton-that is, tax on sales OF commodities.
In all parts OF Europe there were the same tndica-
lions Of progress In political economy and social
science.
Mr.. Earl YVES introduced and read paper on the
subject OF 'Free trade with all the world" 1t was
brief but clear and lucid exposition of the peculiar
tenets OF the League on the subject or taxation lie
was opposed to the present system or taxation ana
It's mode OF collection. The present system OF I'M
port duties he insisted was in opposition TO natural
laws He next denounced the revenue system as
restrictive and tyrannous as at present managed.
His own plan starting on the postllate that revenue
should reach every person and that the expenses or
the government should he paid from the earnings OF
such scheme Of taxation, he quoted from Adam
Smith and other writers on political economy In sup
porting his theory and then proceeded to show its
applicability to general free trade.
Mr.. Scott in speaking upon the paper read, ad-
vocated protecting home industrial interests in
preference to foreign interests. He opposed to
the theory Of placing the burden OF taxation on the
earnings OF people There was great deal OF
capital lying idle which he would have taxed In pre-
ference to The earnings OF those who by industry
have to create their own capital.
Mr.. Fisher read printed extract setting forth his
views In very emnhatic language upon the demo-
cratic party MS called forth by the plank in their
platform on the subject OF the national finances. He
insisted that the democratic organization should be
destroyed and its members be eternally restricted
from holding Office.
The President called Mr.. Fisher to order thereby
doubtless saving the democratic party from over
whelming ruin and destruction.
The above political nterude over the discussion on
the more immediate topics under consideration was
resumed. Mr.. Whiting spoke first, but with about
much cearness as comic sections or the nebnla
theory TO a news boy. A Mr.. Powell repeated his
speech delivered at the last monthly meeting which,
unlike wine, showed no Improvement by age. Mr..
Moran undertook tn answer IN se1fdtfm the OPP
posing arguments all the speakers to the theories
set forth IN the evening papers, and from the APP
plause he received, evidently to the entire salts
faction OF most present. Other speakers followed
continuing the discussion till a late hour.