The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1884-09-03
JOHN SHERMAN. OF OHIO.

JOHN SHERMAN, OF OHIO.
Senator Sherman delivered another one of
his great speeches at Ashland, o. last Satur-
day night. We are obliged to him for send.
ing US advanced sheets of it. 1t makes in
teresting reading, chiefly because John Sher-
man is man OF giant intellect, and is and
has been for years one of the most powerful
and influential leaders of the opposition,
and what he says can be relied upon as an
unvarnished statement OF what the aims
and purposes Of the Republican parry are.
In his Saturday night speech he frank y ad-
mitted his contempt for q Government with
out sovereignty and whose powers and su-
thority are delegated to it by the people. He
said:
As our country grows in population and
wealth the necessity OF a strong Govern ment
becomes more apparent and more beneficial.
1t does not follow that all these powers
should be exercised, but, in view OF possible
questions that may arise, l would not sur
render any OF them.
This is Capitalization pure, simple and un-
vanished. The next step will be to trans
form the Senate into blouse of Lords"
Referring to the many differences of opin-
ion between the two great political parties
as to what our theory Of government should
be, he said:
Another practical difference between the
two parties is the tariff question, aud this
grows out of the fundamental difference as
TO the powers of the National Government
The Republican party believes that taxes on
imported goods should be the chief source of
national revenue, and that in levying these
taxes, called duties, they should be levied,
not only to raise revenue, but to foster, pro-
tect and diversity American labor and pro-
auctions. The Democratic party favor
duties for revenue only, or exclusively
they are very touchy about words-and their
leaders try all sorts of phrases to conceal
their meaning. This issue Is getting clearly
defined. and is to-day the chief immediate
issue between the two parties.
The Democratic party is opposed to pro-
tective tariff laws because their workings are
huftful to the best interests of the people;
besides they foster and encourage the idea
of centralized government, based upon mo-
nopolies and individual wealth. After years
of protection we find that (from the census
figures OF 1880 the aggregate capital en-
ployed in manufactures in the United
States in that year was g, 100 900, 900; the
total number Of hands employed was 2,737, :
600; the total wages paid was S9i7 ,0OO, 900;
the total value OF materials used was $, $780,
0c0,000 and the total value Of finished prod
ucts was S, 1863, OOO. 600 Now, let us divide
the wages paid (S947 900, OOO) among the wage
earners q, 737 COO, and we shall see that the
average annual earnings of each wage. worker
was only SS46, which is less than 81 day.
If we add together the amount the manu-.
facturers paid out to the wage-earners (s947,-
O00,00O) and the amount paid out for mate
rails (S3, 39s, OO0,OOO), we shall have total
outlay of 81, 34S, OO0. 900; and if we subtract
this sum from the total receipts for finished
products "a, 1868, 600. OOOl, a net profit of 81,
O26,OOOO0O will appear, which is equal to
sc per cent. on the capital invested go. 79G,-
O,0OO).
This shows that the protective system al
lowed the manufacturers to make more net
money than the sum OF the total that was
paid out in wages to their employees. The