The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-12-01
THE ASSOCIATED PRESS.
A Negro Lynehed in Mississippi, and
Mail Driver Shot and the
Pouches Gone Through
in Louisiana.
Judge Porter Takes Guiteau In Hand
and Subjects Him TO q Search
Ing Cross. Examination.
The Naval Advisory Board Want to
Feather Their Nests at the
Peoples Expense.
Mr.. Thompson Addresses the Tariff Con.
yenti0n...POints Of the Speech.
The New York Stock Market...Seyeral
Failures.
lthar Enras.r,.
Mr.. Thompson Addresses the Tariff Con.
yention.-.POints Of the Speech.
The New York Stock Market.-.Seyeral
Failures.
Other Foreign and Domestic News.
National Tariff Convention.

NEw York, November 30.-To-day's ses-
sion of the National Tariff Convention was
called to order at 1880. The subject for
discussion was the "TariT Commission. .
The first speaker was John Thompson,
Vice-President of Chase National Bank.
New York, November 30.--Mr. Thomp-
son in his speech said that under the in
huence of the protective tariff the country
had prospered beyond parallel and grown
beyond precedent. He then pertinently
asked the question: "Why, then,
experiment with free trade?p Free
trade would, he said, bankrupt
thousands of establishments ana throw
millions Of dependent, deserving opera
tives out of employment. This would
bring with it panic, the destruction of
credits-in short, revulsion, which, like
the revulsion OF 1873, would
cause depression and despair everywhere.
The good results of protection are measured
by our prosperity. The bad results of free
trade may possibly be measured by bring
ing the product Of European and
Asiatic labor in competition with
the popularity of silver coin, Thompson re-
commended the removal of all restrictions
OF silver coinage and making silver dollars
not only for the United States but for
all silver-using nations. 4" Let us
have paper currency based on the
precious metal for domestic use and Ameri-
can currency for the outside world. The
sooner silver and silver certificates consti-
tute the major, part of our money,
the further off will be panic and
revulsion." He also suggested that the
people have the privilege of taking green
backs from the Treasury in exchange for
Understanding bonds, the bonds to be
given back on return of green.
The Speaker recommended the ap-
pointment of tariff commission to be
composed of protectionists, free traders and
representatives of both political parties, and
hoped that any changes made in existing
laws would turn out to be mainly in the
rectifying of real mistakes and abuses.
The five minute rule for speeches was
adopted. John Jarrett, President of tho
Association of Amalgamated Iron and Steel
Workers, representative working man,
was, however, allowed the privilege of the
floor fer longer period in order that the
views of workingmen on the tariff question
lhlHhb w uuut kIuMl. MT. JHTTett, Ill
his remarks said the represented
men, which, u he "SGd. said, was UyO'OVS a
solid phalanx of protectionists. Fair wages
made workingmen protectionists, and the
reason that the English and other working
men preferred to live in this coun-
try is not solely on account of
higher wages paid, but also owing
to the fact that in America the working
man was recognized us man and "a free
man. The speaker was gratihed to see that
the sentiment of the convention was favor
able to workingmen. Tariff was for protec-
ton of the capitalists as well rs labor
lie admonished the convention to keep
working men free and untrammeled, and
the country would always prosper. He
advocated the education of the working
men, and said that every means should be
adopted to encourage them to educate
their children. He has always contcnded
that the. interests Of labor and capital
were identical.
Colonel Scriven, of Georgia, as a repre-.
sentative of the rice industry, said the rice
crop of 1860 and 1861 was II ,60O, 900 pounds,
and that Of 1850 and 1881 was II .7G6,0 900
pounds. Only 10000 pounds of the Ameri-
can crop were exported in the last year. Take
away the duty on foreign rice and II will re-
suit in the same monopoly
that brought 100000 pounds
of foreign rice into this country
during the war. The average price of rice
in the United States is 81 cents rer pound.
This, he considered, was the result of u pro-
tcctive tariff.
The general farming industry was
treated By Ex-Governor Grinnell, of Iowa.
In conclusion, Grinnell offered rcsolu-
tion inviting all public men to take into
consideration the questions coming up be.
fore the convention.