Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1884-02-15
TARIFF LEGISLATION.
Senator Sherman's yiews--Future Party
Divisions TO BE based on Finan.
ciul Issues,

cial Issues.
New York, February 1.-THE Mai
and Express will print this afternoo,
an interview with Senator Sherman
on proposed tariff legislation, from
which the following synopsis /.
made
In reply to a question as to the com.
ing action of congress, he said he did
not believe the result could be no more
| than guessed at. Tariff discussion il
the unexpected, which always hap.
pens, but | can tell you just what con-
gress ought to do, and that is to let ,e
subject severely alone.during the pres.
ent congress. There is no question that
the business interests of the country
generally were somewhat injured bv
the passage of the last tariff bill, but
more SO by the sensitive and uncertain
state of the money market. While
the revenue law of last winter gave
great relief in reducing taxes, vet 1t
was very injurious to the iron and
wooden industries. Ohio and Penn
sylvania have suffered severe.
ly through the operation of last years
bill. While 1t was true the wool
growers had suffered severely, yet the
full effects of the r. cent law Is not now
known. 1t would DE very unwise
to raist any fresh disturbance of
the tariff to prevent the country from
finding out the whole effect of the last
law. Besides. congress is in no cundi-
ton to pass harmonious and we'll
considered tariff law. Not only are the
two houses not in harmony with each
other, but there are differences of
opinion among members of he same
party in the same house. He said a
proper tariff law could only he made
when one party has power and respen-
sibility, which could not be divided |
between a Democratic house, Repub. |
lican senate and the executive. Even |
If another tariff should become law,
the people would not know whom to
hold accountable. IL was probable
hat hereafter party lines would be
1rawn on financial questions, and he
bought it would be "A happy day for
his country when this is the case, so
hat popular opinion might fairly de-
eide for or against protection duties.
That the Republican party has been
rom the beginning and IL is in favor
# such protective duties, with view
o diversity our industries, is shown
" the laws it has enacted for twenty
our years past. 1t is almost certain
hat, We're the Democratic party in
'ower it would take ground against
III systems of protection, and frame
avs simply with a view to revenue.
believe when this issue Is made. por-
ions of the South will favor protec-
i've duties, and portions of the East
'ill be for free.trade. He said
e had observed growing feel {
ng in certain states in favor IF !
zee raw materials, but did not believe l
his would stand the ordeal of popu. /
II election. Protection duties must
Xrend to all forms of labor, and need /
OF extend to capital, which is at this I
eriod almost as cheap and album /
ant as in Europe. He had always /
lought the development of raw ma L
'rial one of the chief objects of protec- I
We laws, as when raw materials are f
ldicially developed manufactures L
ill inevitably follow. However, he f
id not think any indus 1
y which cannot be reasonably 5
Ipected in the lapse of time to be I
,lf-sustaining should be protected L
consumers should get the full benefit h
protection by cheapening home pro- i
which will follow from home
Productions of farms G
ill have the advantage of home Y
larket, caused by a diversity of en- t
loyment. He expressed the opinion
rat free-trade, as advocated y some I
,llege professors and p litical heo- ;
SITS, would be utterly destructive of 1
he business interests of the II
,untry, and produce the same t
aPnation in trade and financial ruin k
lat followed the tendency to free trade b
/ 1S47 and 1857. What we want, C
lid Senator Sherman in conclusion, ii
system Of protective duties moder- c
e in degree, but stable and certain. e
his last is great point, and one L
hich should obtain consideration. o
hen we want a marked change in our l.
laws, to encourage ship h
Hiding and commerce on the high Ii
as. r