The home journal. (Winchester, Tenn.) 1858-188?, 1873-08-28
The Mater ial and Political PROB
lem Of the South.

[ ,Inpnig tyIi,l. oh anil Inc mo CIR
rulo,o"J onI ronl Ar i'm is one of
,Ln moa, ri,ara,, onl ori,inol think.
+" NV Cea,h ond who, he sovs nj
no,n ,"ar,,a oaL commonls c]onsidcro
,in, 7, s,riroo us ,hot Lc he has
a,'n.l ra G'm,Lorn ,rohlrm II is =
pao'',' n,LhaL hnn hno ovidcni,y
,InnaL, nnrcr,IIy and u~rnroundly. He
osyo?is who, we have often asserted.
and w,,o, 10 u,dnuh,rdlv trur. that the
wLnIc ,cndcnry Of LEGISLATION in this
r.',, rn,,7Ia,;nn nr fine
CnynrImn,, hos hcnn IA enrich and
h,,,L nrorr n,lor in,crn., a, thc OK
aa,ionltnr,, io,cros,
;I -, ',' 80 'no"y vc,rs AGO
,hn, ,hn Inrn,ars bod ,n Cnod ooIl the
90, Wv a'1 " "'o., ~, wo,hinalon" and
,haro j.. ,nnro ,n',b IN thc ri,by sen
t"vro,, d,y thnn whnn If wa. uttered.
+, wos nnIor ,Le administration Of
~ w. ,L. a. n,nmor mowrr and
~" ', "n,Es5 rr "'', rowo" Grs, met in the
sLocE or cn,nict ood /, will he we'll TO
'., n.""naio, ,a ,Lo ,ro.cnt time
trace 'I'I ro"'''' " VI, ~
y l'"P"'','"" ""' "'','D ~, La Tao
'o'r '"'''" '''''' r'' '~,nnrrro.o
cF'' "oVcr''"ei''' nu,e 10 o",rn na
power ~ ''c N0"'''''''" aIo,,,r LmTi
Congress ~ s''"' s,J'i -. ,"'n nancy
I""t pow, was ''''''l' - oLtoL, oi,ns
phTty "''ut' V"o '''"'' "..n,1"' u7 lnm.
congress ti'e power T." '''n' 'nr y,
"'''c'' S''"'' W. ",.'.,"'I ,,", nd rnw.
o' curry "S NV eNp'''nr, 1an,o, ,o
cF5 'nto oNtc';,'o" mri'i@a Of his
q'''G" t'e oP"!'D' n." miI'nn
wv I''o TLo" l;Gorcd widely
''" ~ uomil,ou wnn'
"'" VIZ "Dp"y ,ia,ad tLo I'M will,
oGn' ''";'I''" . " L I'I' ho .ignrd il
'c'"e,'''''' "'''e"' orn o"inrd il.
n'u Wv "''1 l euHsnnnn,,Iy
"''' '',u'"t"' Ln ,ln cIcr,
'"''"'r =" Im, ,Lo onhocL woe
uoh o. 'c'l''''"' ""v
oh'J tc'"P"'''9' '"
80, -'lNe 10 tl'@ lo~',I'" n,', ion co,,r.,
! WTe.'cr tmGw. retirin""hb but Keeps due ON
~, ho ,o,rro y, usurno,ion 70 II,
uanssiro o,l nnc tri'muh of I,,
ranon noynr wac enccdi,v followed b,
""n'y II tnnL a]1v,ui,oc Of "th,
wv, ~ onL rool;nnu om0no uar,ic,
,'LtaL clGTIn"oI ,hn1 woror 1Sj1 and ,
Iu "no ~onhsconon,,y introduced /,
~,,ar"Ss ~ c.,ohIisG another bank
,naar evan Mr. Madison
wLn onuoeol ,hr former bill as uu-
constitutional, supported this, Ate
the incorporation Of this bank, tn
ncyt strn of fine money power was TO
ward . tariff And here we have an II
Ius,r,tion of fine auollrgm :hat " his
lory rcncals ITSELF" The duties i'm
,,oSo,ls Tor fine uuruosc of carving OF
Inc war with Grrot Britain were hcay,
and excessive and the agricultural in
forests orlhc country required that the,
shoull Inc at once reduced as soon ~
fine accession which made them ncccs
cure hod u,ssrl AS was the case i'm
mrIi,, .lv after our late ciyi. war, Tn,
money mower concluded that it couIc
NOT directly prevent this reduction
and !, ,rrnrdiuolv made every effort tt
n~oetnnuo if and urcycut it by indircc
Han M,nuroc,urrrs asked for time (,
,ut !, r,roc couoI slHIl with rorcipr
manufactures. that they mioll be abb
to compete with them. The plan wa
successful and the tariil bill Of lSl'
was nasscd.
NINE hcoor ,hc nro,cc,iyc tariff ,ys
tam TLn morcv uowrr Of pcnusyl
voui, lad cool AMI iran interests whicI
,hnr ,I,n won,ol nro,cr,rI Accord
;nnI, u,o ,oriu nrI9ol vos imnossl
;n""rc,sino ,hc du,ics ON imuorts, The
CANA ,n%%,hcr ,oriT measure in 1898
knnwu 49, "1hc biII Of abomiuatjons,'
Iy,o ,ariruI,urol districts of the Sou,l
,or, ~ cnureo nuiroycd ot this ON
nrce.;vc lc,isI,,ion insured and effect
rl Lv ,hn money nowcr and ,Soull
C,roi;n, rosor,cl 10 notification. lack
son rrushcd notification. anI his proc
l,mo,;nn w,s only oun,hcr injircc
triumph OF the money power, ThcI
came the compromise tariff bill oflSG3
which, was another temporary check t.
the money power, but it had alrcad,
gained much, and could afford to stan,
still for 4 period.
W. may now iump down to 1866
whom the war cave ",lc money now
err" victory ON victory. Tariff, taxes
nublic dchi bonds. bonlholdcrs-con
"