The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-07-23

with dificulty, even at ruinous rates OF discount;
but TO-DAY our securities stand more than 3 per
cent higher in the same markets than those Oh
Hi we hear the objection that this policy Gre
ates and fosters mOnOpoies. The tariff laws may
not be perfect. There may be some abuses put,
If so they affect the details of legislation, and
not The principle Involved. SO far as the prlncl-
Ole ia ooneerned it is based on opposition to mo-
popoes instead OF Isyof TO tne' ana sd
of the water, and which, by reason of their large
accumulation of capital, could and weuld crush
out all competition here II allowed me opportu-
Dity. as they always have done in like instances
IN the past 49,. -, 49,. =
q tax en- the consumer.
How ia it that the carriage manufacturer in
Cincinnati can sell his goods abroad! 1t is be-
cause there are half-dozen Other sucn estA ~,
iishments in that city, and hundreds of them IN
the country, and all in competition with each
other and because every article used In the CON
structon of their vehicles is the product OF OIheI
industries in which there is like competition.
The result shows that by means OF protectlon
we have built up the Industries OF the country,
multiplied their number and brought about nome
competition to the extent of cheHpenlng these
products below what they could be bought lOr
from other nations-and all this without cheap
ening labor, ana with increased prosperity luz
Aoross the river in the city of Louisville, there
lives an editor who is of the ablest OF all the
defenders OF free trade. He is thus able because
he is frank, and seems to be honest. he never
tries to straddle the question.
able to remember that before the war his news
print paper cost him from eight and three-quar-
ter cents per pound to nine cents. He can buy II
now from FIVE and one-half to six cents per
pound. Does he know why there Is this diner-
ence of three cents per pound in his favor on
this to him, very important article2 The answer
to this question is in the fact that this Miami
Valley, under tariff protection, has come to be
filled with papermills and the price of paper has
been brought down TO the lowest point to whlch
home competition can bring it. In all snch In
stauces the tariff no longer represents tax, It
has no reference TO profite, ana is simply mar
to ward off the deluge, which, but for its exist
ence, would he visited upon us for our destruc-
tion, the moment t would be removed, by the
stronger capital which could afford temporary
losses for clear field and a harvest of gain
when our competition has been destroyed.
THE SCOTT LAW
Coming back now TO the Scott law, it is not my
purpose to discuss it at length at this time.
want, however, to say this much: The Rep ubli-
can party enacted it, and we are standing
squarely upon 1t. For doing so we have no apol-
ogies. explanations or excuses to offer. We do
not claim that it is perfect; legislation seldom is
We do not claim either that it will give entire
satisfaction to every man and every class of men
In the State; there are very few laws that do.
But we do claim that it is better than anything
we have had in the State since the adoption of
the present constitution. For thirty years the
traffic has had free trade and been practically
free from all taxation. During ali this time 1t
has been gro wing in strength, multiplying its
evils and increasing the costs OF government.
This has been profitable TO the dealers, but I'M
Justly expensive to the people who have had to
foot the bills.
Il ia strange that such condition of things
should have been so long tolerated, but we have
been hating between supposed constitutional
restrictions and diversity OF opinion as to how
this question should be handled. 1t has been
troublesome question, II belongs to that class
with respeet to which mems convictions are
stubborn and unyieldlug. But at last in this
measure we have something that takes hold OF
l,o fiott iT,o arfia Nrn
have said, it NAV not entirely suit every man.
vet it is unquestionahly the wisest and the most
Just and equitable solution Of this question that
has ever yet been enacted.
I: not only affords authority to regulate the
traffic and repress its evils, but it also cOmpes 1t
to share the burdens OF taxation which 1t SO
largely helps to create. It's contribution in Cncn-
natl this year is than $500, 900; In Cleveland
more than 100000, and in other cities in like
prOuortion, aggregatlng for the whole State
almost So 900. As result, the property
owners of the State viii not be called on 70 pay
any taxes this year for poor-house purposes, the
tax from this source being sufficient in almost
ALL il not quite all, the counties of the State to
meet the requirements OF thatfund
30 far we are well satisfied with the law, and
we intend to enforce 1t and give 1t fair trial.
In the meanwhile our Democratic friends
attacking this measure. They are opposed to
the taxation of the liquor traffic, unless it be in
the impossible name of license. When they talk
to the liquor interests they denounce the law as
sumptuary legislation, and an interference with
personal liberty, ana when they talk to Others
they brand it-at least Judge Hoadly dOes-as
scheme to authorize saloon keepers for 5000
head TO make as many drunkards as they. please
He wants the law repealed and a judiclously
graded license system substituted.
Who knows better than Judge Hoady does
that license system is prohibited by our con-
stitutiOn, and that an amendment Of our eOnsti
tuition so as to authorize it is an absolute impOs
sblity9 The people of this State have twice
defeated license by overwhelming majorities,
and TO submit third proposition would De moth
ing short of absolute trihing.
What then does this Democratic proposition
mean, that We shall repeal the Scott law and sub
stitute license system, but a step backward
to the absolute free trade which we have en-
dured and been perplexed to escape from for
thirty years
On the day 1 was nominated said of this law
that if permitted to stand IL would continually
grow in favor until the day of election, That
was SIX weeks ago. The law has been permit
ted to stand. am of the same opinion now that
I expressed then so far my prediction has been
fulfilled. The law has grown in popularity far
beyond what was anticipated foriU by it's most
sanguine friends So popular in fact 1t has be-
come that if the Democrats should secure the
next Legislature they would not dare attempt
its repeal
all Democratic hope six weeks ago. They
thought they could ALLEVIATE the great body of
German Republicans by the demagogieal cry of
sumptuary legislation ana personal liberty.
They have ANONYMOUSLY failed The German
Republicans of Ohio are men of sense. They
thoughtful and sincere men. They believe in
good government and they are not opposed TO
just and equitable distribution OF the burdens of
taxation. They can see and appreciate
quickly as anybody else the necessity for
regulation of this traffic, and the propriety and
Justice of subieetipg II to taxation and making
it help bear the burdens that intemperance i'm
poses upon the people. They can see, too, as
quickly anybody else, that the Cry of sump-
tuary legislation and personal liberty is false
appeal to their supposed prejudiees, and that it
is based ON anything but complimentary esti-
mate of their Intelligence.
Germans not to be thus deceived-but
need not speak further for them They will
speak for Themselves on the second Tuesday of
October next; and, depend upon it, they will so
speak as to effectually rebuke all such SANDER
Gus and libelous insinuations against their
character. The Republican party in Ohio was
never more united than 1t is to-day 1t was
never more deserving OF success, and it never
achieved more decided victory than that which
Is TO crown its efforts in this campaign.
Iron and Steel Reorganization.
CHICAGO, July 21.-A plan for the reorgan-
izatiop of tha Union Iron and Steel Conn