National Republican., 1884-04-17

$4,000 the savings deposited in banks did not
amount TO one. half that sum.
Going into the details OF the interests which he
maintained would be unfavotably aheoted by tno
plli, he dwelt more especially on the danger TO
which the wheat-growing interest was subjected
by the increasing competition of India and Rus
aa, and predicted that within FIVE years the agri-
cultural section Of the country would bo demand
ing an increased duty ON wheat. The same
as when II was first established. The attempt OF
the reetraders to bring reproaoh on the system by
the cry Of Infant industries" " should not blind
congress to the fact that, though new industries
needed more protection than old, Few indus
tries In this country would ever become
old enough to be able, without protection,
to pay American wages for labor and successfully
compete with foreign manufacturers paying Eu-
Topean wages. The ways and means committee
bill. 1thad reported back the measure exactly
as II stood when introduced In the house, except
that few articles had been stricken from the
free list. Its provisions would fall unequally on
many classes of goods. lie hoped the democratic
TGuS S no. Sy nSs r of sbe Country
for political purposes.
Mr.. Blount of Georgia, said that he was not a
FREQ trader. He believed In getting revenue gen-
orally from imporaton but no legislation SHOULD
be eXncted which would make the rich richer and
the poor poorer on the pretense of elevating Amer
lean labor above the pauper labor of Europe ana
OF keeping the home market for ourselves. Con-
gress should so legislate as ultimately to reach
revenue standard. This could not be done at
once, for sudden change Of policy might pro-
duce disaster. Progress should be slow. Five,
ten, twenty years might be needed TO- accomplish
the object, yet 1t must be done. The struggle
would be fierce and nrduous. Manufacturers
would sacrifice political alliances and use every
OBJ observation that II the democratic party did not
abandon Its attempt to revise the tariff 1t could
not elect the president. 1t was said
wealth. and that this would be used against the
party effectively. II on such suggestions, ,n,
the democratic party abandoned Its policy the
time would come when falrer representatives
would be sent to congress TO resume tho contes T.
The party which held power hereafter must do so
tariff The pending bill was liable to several crit
icisms. 1t was claimed that 1t did not cover in.
equalties in tho tariff The committee had not
undertaken to do that. II had been thought best
to make a simple and partial reduction Of tax .
alton; that a multiplicity of subjects would ten
duction Of revenue which would be accomplished
by the bill was estimated at $780, 100000, and this
opened the way to reduction of tho tax on dis;
titled spirits to 10cens per gallon and ENCOURAGED
farmers TO put IN brandy that which by decay
would otherwise be lost. IL would also enable
congress to abolish the entire tobacco tax.
Mr.. Chace, of Rhode Island, contended that the
logic of the free trade policy was TO reduce Ameri
can labor to the level Of European labor, and
spoke strongly against the adoption OF such
proposition. He then took up and criticised the
various features of pending BILL aud especially
antagonized that portion which reduces the duty
on wool. The woolen industry was already bur-
dened, and If a further reduction of 20 per cent.
was made very large proportion of all the mills
OF the country would be stopped. A reduction of
20 per cent. on the entire tariff list would throw
out of employment 100000 persons, who, with
their families, consumed 53.0Oo000 bushels Of
wheat. They would be forced to the cultivation
of the soil, and the production of wheat would be
increased to the extent of 1853 900 900 bushels The
producers ofcereals were already in danger, owing
to the growing competition from the wheat fields
of Russia and India. The only safe market for
wheat was the home market.
Mr.. Jones, Of Arkansas, spoke OF the widespread
and imperative demand for reduction of the
tariff. 1t was in response TO that demand that the
pending bill was brought in. Its passage would
Of reformation. Dodging would not deceive nor
benefit the party.
The committee then rose.
The interest which was manifested in the con-
sideration of the bill Tuesday met with O reaction
yesterday. The attendance was small, and but
little attention paid to the discussion, except
by the personal friends of the speakers.
Mr.. Hewitt, of New York, presented petitions of
the New York chamber OF commerce and stock
exchange for suspension of the coinage of the
silver dollar. Referred
The house then (at 8: :25) adjourned.