Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1881-12-07

not only for the Unites States, but
for every silver-using nation. let
us have paper currency based on
a precious metal for domestic use,
and an American coin currency fol
the outside world. The sooner sill
yer and silver certificates constitute
the major part Of our money the
farther off will be panic and revul.
sion. He also suggested that the
people have the privilege of taking
greenbacks from the treasury III
exchange for interest-bearing bonds
the bonds to be given back ON the
return Of the greenbacks, the treas
ury saving interest while the curren-
cy is out. This measure would
surely ward off panic, and it would
also effectually bar the stock and
grain gamblers from locking up
money. For this purpose a three
per cent. bond would bear a proper
rate OF interest, so that currency
would flow out when much needed,
and return when not required for
legitimate business.
The next speaker introduced WAS
Dir, Joseph Warton, who spoke at
great length upon the expedlency OF
basing our tariff legislation upon
the report OF commission appoin-
ted tor the purpose OF investigating
the needs OF all industries, He said
it was the settled will of the Amer
lean people that our tariff laws shall
protect our industries as we'll as
produce revenue. The agents Of
the foreign industries strive to warp
Legislation for the gain Of their EN-
ployers by appeals to local political
or personal jealousy, and finally in
some cases, it Is to be feared, by the
direct use money.
The American manufacturers are
mostly prevented by the pressure of
their own affairs from continuous
personal attendance in Washington.
Almost every Congress brings for
ward a scheme sufficiently menac.
ing to alarm and check the steady
and peaceful production which crca-
ties the national wealth, and often
grossly absurd and unjust measures
can &c rushed through Congress, as
as Was the case in 1878, when sui,
phaie OF quinine was put upou the
tree list, while the materials of It's
manufacture continued dutiable.
a resolution was adopted requir-
ing all long speeches and resoil:-
tons 10 be referred to the committee
OH resolutions, and the speakers
were limited 10 five minutes.
john jarrett, the president Of
the Association OF Amalgamatcd
Iron and Steel Workers, said he
represented a body OF about $4,000
workingmcn, solid phalanx of pro
tectionists. Fair wages made the
workingmam a protectIonist, and the
reason that English and other work
ingmen prefer 20 live in this coun-
try is not solely Oh account OF the
higher wages paid, bat also tor the
fact that IN America a workingman
is recognized as man and a Tree
man. The tariff was for the pro
lection Of capital as well as labor.
lie admonished the convention to
Keep the workngman free and un-
trammeled, and the country would
always psorper.
MIR. Wellington Smith, as the
re preventative of the paper industry,
SAID that the public seemed now to
be satisfied with prices paid by
them Tor all grades of paper. We
are the only nation on the face Of
the s'oye, he said, which made any
pretense of paying the national
debt.
Col. SERVER, Of Georgia, as the
representative of the rice industry,
said the gross production OF rice il
the United States from 1870 to
1880 was G73,000,00O pounds.
There were G67,000,0OO, pounds
consumed and 636,O00,OOO import
ted to this country. Take away
the duty OF foreign rice and it will
result in the same monopoly that
brought 700,000.000 pounds OF for
eign rice into this country during
the war.
Hon. j. Ii. Brewer, of New Jer-
sey, as the representative Of the
pottery industry, said America com
petition was keeping down the
prices OF English-made made CHINA
and earthen'ware, and it was no
wonder, he said, that English agents
in this country wanted 20 reduce the
tariff on those goods, and also re-
duce the wages OF workers in pot
ferries. We manufacture over So
100000 worth of pottery during the
year. No one should be afraid OF
home competition. The only thing
TO be afraid of. the only thing that
kills, is foreign competition.
Mr. George w. Moore, OF lichl-
gan, spoke on behalf OF the Char
coal Iron workers Association. He
said that the only protection the
charcoal iron workers wanted was
that the nrcsent tariff be not chang