Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1880-12-24
HON. w. H. II. MURRAY
On The Tariff as it Exists at Present
sance.


nalized his return to this country
from Europe, where he spent most
Of the time in quiet study, by o
carefully-preparcd lecture on Free
Trade. IT was given in the Boston
Musical Hall, right in the faces of
the High Protectionists of Massa-
chusetts, and in il he paid special
attention to John Roach, who has
been billing and cooling mt the Hub
III the hope that the merchants
there will help TO get another sub
aidy out Of the Government. Mr..
Murray said, among other things,
that the drilt Of events makes il
clear that this country is destined
To contain ut some time the largest
/ portion of tho human race. IIo
bad stood ON foreign warves and
mQTeled 10 SEQ ccaselcs3 throngs,
representatives Of all nations of the
old world, pouring themselves On
Ialips bound for America. He had
wondered what god stirring within
thoir breasts had moved them to
This gigantic enterprise. 1t was
not the pursuit ofreligious freedom,
nor Tie desire for civil liberty, nor
4 LONGING for bread. No one could
account for ID; but ono thousand
years hence il would be known
why the4e millions are thgonging
70 Tho West. Oar grandchildren
will probably 1.-Two TO see this CONT
neut populated to the limit OF It's
food production, and There is no
lacl; Of questions relative to the
governing, feeding, and employ
mont Of this population, Which will
require solution within The next
twenty years. The question which
took precedence Of all Others was
thi5: How do you propose To feed
and clothc and educate most eco
nonically this vast population? lie
was not sure that that worst of all
curses ten young, growing empire
like ours, soetonaliBm, might not
lapring, MinerYa-like, from this
Jupiter ofprotection, and the West
and South be separated from the
manufacturing Cast. Those who
1.-Two to see This viii look on u lurid
sunrise, and will feel Che rumblings
Of danger The country is III the
same position now with reference to
tariff question rs it was in 1910
with reference TO slavery. Tho ma
ton has not investigated il, and is
ignorant Of its meaning. We arc u
young and ignorant pcoplo-ignor-
ant oven in regard - agriculture,
on which We plume ourselves SO
much. Prosperous are we, but only
because God has given us such q
climate and such n soul. Mr.. Muir
ray then laid down four proposit-
ions, the first Of which was that n
balance duo by one country to an
other ii NOT and cannot be paid III
specie, but is and must be paid in
commodities. lie stated Us ono in
stance in point, chat IN 1871, 1872
and 1873 England loaned foreign
countries 3o,ooo,o00,o00 and recoiy-
ed it all back in commodities.
lIigh-larilf advocates in this coun-
Try arc ignorant Of this proposition,
and think that all chat is necessary
Is Il have balance of trade against
us, which they expect will be re-
paid in coin. The second propo-
sition was that ifa balance be not
paid in specie, but in products and
exports and imports not i'll hqui-
dations ola pre-cxistent debt will be
met respectively by imports and
oXports. This shows the folly 81
tho idea that all we have to do is to
export much and import little.
Exports and imports make an ex-
act equation, lis third proposit-
ion was that any artificial limits ol
imports, such as u high tariff inn
poses, impose corresponding limits
on exports, turn tho attention o.
labor and capital from productive
! to nou-proauetiyo channels, de.
bauch labor, and erect barriers al
nvar 4 pn,,nfrv hntwpnn lis reptinnS