The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1869-08-12
Sound Views on the Finance and Labor
OueafiOn.

Question.
Ex-senator Hendricks, of 4ndiana,
made an excellent speech at IOmahS
short time ago, in which he briedy aIs.
lnded to the finance and LABOR q,lSs-
ton. His views are sound, and I'VE
commend them to the cafeful -pefusal
and candid consideration of every
reader:
1t is the great business of the gov
ernment to protect capital and to pro-
tect and efeoufage1a labor. And when
the government gives il influence, its
capital and injure labor, it is the busi-
ness of the people to look to it and
change the. powers that be-. To-day,
this week and the past, week.. .fhere
have been paid fromS2, 100000 to4,-
100000 out of the National Treasury
upon the five-twenty bonds, and these
bonds are not BENG paid according to
their!i value with the !: bondh0lders
themselves. These bonds. to-day, are
being paid at about their face. And
you men are paying your part into the
National Treasury. Bonds worth up-
ON their face $l00 are bought for from
$l12,to tl20. This is. net feryOur good
1t is not according to the contract 1t
is not just, and 1 say it is competent
and the duty of the government to
adopt that policy which is just To the
bondholder and at the same time, not
oppressive to thetaxpayer,e And Lam
in favor of that policy. of the; govern
inennt that according to the usages of
nations, will deal justly aid at the
same time do right 'toi the taxpayers
of the e.country.l,s You and your prop
erty have to contribute to the Jexpen-
ses, and burdens of the Government.
ft is right if own bonds, or If any Of
your neighbors own. bondsj that they
should epay their proportion I,of the
taxes. IT. will come then when; it wall
come I don't know. It will not come
under the present policy, this policy
which is expressing the people, and
which is to eppress them still more.
The, principles r of q this policy faEoF
capital to the prejudice and hurt, of Ia
Dor and of enterprise. ..s...,,,,e,
The Founders of shs GoseEuIheus and a
High Tariff. ,:r?Ya,yG
l. have hitherto sought to, demon
strate that the founders, of this Re-
! public Atfiemselves farmers by VocA-
ton, or the representatives Of farm
erS ., deliberately iahiis th0ughHully
determined to tpHotect and dRyelop
home manufactures, and that they
did this In the conviction that they
thereby promoted the interests and
enhanced the gains fof american Ag-
% %Elenlturei .bias oiIs u9sIj bna ,iBoE;om
The above. is from the last article of
Horace Greeley ipii the, New York
1gipgpe, in, ,faNer Qfla highiprotectiNe
tariff The idea Saughttof be conveyed
is that the revolutionary fathcrspWere
what is how. .kuowuas hightariff pro-
tectionssts,t qNf!oQ,Ws the best rtests"of
mems opinions. are their act. to CARRY
them, out. The first tariff ,qf,Ithe
United States tteslhPad had an average duty Of
81 per cent, and the next Ii per
cent It was pot Unit until 1893. twenty
years after thee, ee,t fadoptiono oofdthe CoM7
stitution, that the duties varyinglfroIp
55 TO o65' per; crte3pta bpyt thaeeyawere for
revenue and not for for tariff ariil protection
purposes, Thhe1 Thhee . WAR; over o. Ell the 1taEi9
was Immediately reduced rePfdlu TO- 25f per
cent, and in 1878 it was cut, down, to
IA per; cent Not much protection
heret It was not until 1924 ,whep the
great mass Of the revolutionary lI i rs states.
men had not only passed off the stage
Of politics, but of life alsoa that sa
tariff, for 9fprotectipp 4 n was ,psssed.-
After Q struggle Of . number qfyears
duration, it was repealed, and in, 1885
the duties were down to t an average ot
Is Per cent, where they continued ,un,
til the mohioopolists and tariffites. OBJ,
tafned the 9aascennudency, and adopted
the tariff of 1872, When the late ciYi
war comiinieenced the duties were but
l1pef zen cent; W nov average Fsg;e A; 4
Thsss figures bisstll tell ses ssiiatoi!taa story ant {
prove that, whatever. else may be sais
a,gaiist tie men Of the American rev
olution, that of favoring monopolists
high tariffs riff cannot,a otai with truth, be in
n ci1dedii so2f'1 'sss'ib 3 no Don ''''
l.:fo9as oil 10 i.ixiisssasG.a ia:il aidl fioi
A VERY active and prominent Re
publican, 96f Goodfle County Mihne
| ooto Mr. FronE Tves in a siiR4snf fiSd