Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1884-07-31

caIlN IN connlct, Almost the lrSt act OF the
republicans when they came In power In 1861,
wa, the establishment Of the principle Of pro-
lection 10 American labor and to American
capital, This principle the republican party
has ever since steadily maintained, while ON
The other hand the democratic party IN con.
| ErcsS has for fifty years pcrsistcntly warrcd
upon II. Twice within that period our Oppo-
ncnls have destroyed tariffs arranged for pro.
lection, and since the close uf the civil war,
whenever they have controlled the house OF
representatives,, hostile legislation has been at
temptcd-ncycr more conspCiously than in
their principal measure a; the late session Of
congress.
The Tariff Question.
Revenue laws are in their very nature
subject to frequent revision in order that they
may be adapted To changes aud notifications
OF trade. The republican party is not contend
ingfor the permancncy ofany particular statute,
| lhc Issue between the two parties does not
have reference TO specific law. 1t is far
broader and far deeper. II involves principle
oil Wide application and bcncilcCnt influence,
against theory which We believe to I've un-
sound incc0nccption and inevitably hurtfu in
| practice In the many tariff rcyisions which
have been necessary for the past twenty three
years, or which may hereafter become nccrs-
saryi the republican party has maintained and
Will maintain the policy of protection To
American industry, while our opponents insist
upon a revision, which practically DESTROYS
that policy. The issue is thus distinct, well
defined and unavoidable. The pending cleo
ton may determine the fate Of the protection
for generation. The overflow Of the policy
means large and permanent reduction In the
wages Of the American iabOrCr. besides invoy-
lng the loss OF vast amounts Of American cap.
ital mysStcd in manufacturing enter
| priscs. The value of the present revenue sys.
tm TO the people Of the United States is moi a
natter Of theory, and shall submit no arg,l,
mcnt to sustain 1t. | only invite attention to
certain facts OF official record which seem to
constitute demonstration.
In the census OF 1850 an effort was made, for
the first time In our history, to Obtain valua-
lion OF all the property in the United States
The attempt was In II large degree unsuccess-
ful Partly from lack Of time, partly from
prejudice among many who Thought The in.
| Quirlcs fOrc-shadowcd n new scheme OF taxa
liOn the returns were incomplete and unsalis-
iactory Little more was dOre than TO cOnsull-
date the local valuation used in the states for
| purposes Of assessment, and that, as everyone
knows, differs widely from n complete exhibit
II all the property.
In the census Of 1860 however, the work
was done with great thOrOughncss-th disiinc.
ton between "usscsscdm value and "tr,trn
value being carefully observed. The grand re-
suit was that the 'truc valuen Of all the prop
erty in the states and territories Excluding
saycs) amounted To fourteen thousand millions
Of dollars $4,000, O00,O0O This aggregate was
the net result Of the labor and the savings Of
all the people within the area of the United
States from the time the first British cOlonist
landed In 1907 down to the year 1850 1t repre-
sented the fruit Of the toll Of two hundred and
| fifty years.
After 1860 the business Of the country was
encouraged and developed BY a protective
tarill. AT the end Of twenty years the total
property OF the United States, as returned by
the census Of 1850, amounted to tho enormous
aggregate of forty-four thousand millions of
dollars (S44, OO,O0O,OO0) This great result
was attained Notwithstanding the fact that
countless millions had in the interval been
wasted In the progress OF bloody war. 1t thus
appears that while our population between 1860
and 1850 increased 90 per cent, the aggregate
property OF the country increased 2li per cent
showing vastly enhanced wealth per capita
among the people, Thirty thousand millions
of dollars $3.50 ,OOO, ,O6O) had been added
during these twenty years to the permanent
wealth OF the nation.
Ihcsc results are regarded by the older ma
tions OF the world as phenomenal. That our
country should surmount the peril and the cost
of gigantic war and for an entire period of
twenty years make an average gain to its wealth
OF SlS0,UOU,OOO per month surpasses the eI-
perienee OF all other nations, ancient or modern.
Even the opponents Of the present revenue
system do not pretend that in the whole history
OF civilization any parallel can be found to the
material progress Of the United States, since
the accession Of the republican party to power.
Inc period between 1860 and to-day has not
been one OF material prosperity only. At no
time In the history OF the United States has
there been such progress In the moral and
philanthroplc field. Religious and charitable
institutions, schools, seminarlcs, and colleges
have been founded and endowed far more gen
erously than at any previous time in our his
tory, Greater and more varied relief has been
extended TO human suffering and the entire
progress oil the country In wealth has been ac-
companicd and digni6ed by broadening and
elevation OF our national character as a people.
Our opponents find fault that our revenue
system produces surplus But they SHOULD
not forget that the law has given specific pur-
pose to which all Of the surplus Is prohtably
and honorably applied-the reduction Of the
public debt and the consequent relief OF tbe
burden OF taxation. No dollar has been wasted,
and the only extravagapce with which this
party stands charged Is the generous pension
Ing OF soldiers, sailors and their families--an
extravaganza which embodics the highest for.c
Of justice In the recognition and payment Of o
sacred debt. When reduction OF taxation is to
be made, the republican party can be trusted
10 accomplish II In such form as will most ef-
lcclively aid the industries of the nation.
Our Foreign Commerce.
A frequent accusation by our opponents is
that the foreign commerce Of the country has
steadily decayed under the influence OF the pro-
tecllyc tariff, In this way they seek TO array
the Importing interest against the republican
party. II is common aud yet radical error to
coniound the commerce Of the country with its
carrying tradc-an error often committed in
nocently and sometimes dcsgncdly-but an
error SO gross that 1t does not distinguish be-
tween the ship and the cargo. Foreign COM
merce represents the exports and imports OF
country regardless OF the nationality OF the
vessel that may carry the commodities Of eX-
change. Our carrying trade has from obvious
causes suffered many discouragemcnts since
1850, but our foreign commerce has In the same
period steadily aud prodigiously increased-iu-
creased indeed at a rate and 10 an amount
which absolutely dwarf all previous develop
Inents OF our trade beyond the sea. From 1860
to the present time the foreign commerce of
the United States, divided with approximate
equality between exports and imports) reached
Tue astounding aggregate of twenty-four thou
sand millions OF dollars 1924 900 000, ,000.) The
balance IN this vast commeice inclined In our
iayor, but II would have been much larger II
our trade with the countries of America, else
whcre, referred to, had been more wisely ad-
iusted
1t Is difficult even To appreciate the magnl-
tude of our export trade since 1850 and We can
gain correct conception OF 1t only by com
parison with preceding results in the same
field. The total exports from the United
States from the Declaration of Independence
In lIi6 down 10 the day OF Lincon's election
in 1860, added TO all that had previously been
exported from the American colonies from
their original settlement, amounted to less
than niue thousand millions Of dollars $4,000
900 ,OOO). On tho other hand our exports from
1860 to the close of the last fiscal year exceeded
twelve thousand millions Of dollars (Sl2,O
0OO, ,OO0)-the whole Of 1t being the product Of
American labor Evidently protective tariff
has not injured our export trade when, under
It's influence, We exported In twenty-four years
40 per cent more than the total amount that
had been exported IL the entire previous his
tory OF American commerce. All the details,
when analyEed, correspond with this gigantic
result The commercial cities Of the union