, 1884-07-19

however, the work was done with grea
thoroughness, the distinction between
assessed value and true" value beinl
carefully observed. The grand result wa
that the true value of all the propert,
in the states and territories Excluding
slaves) amounted to fourteen thousand
millions Of dollars. This aggregate wa!
THE NET RESULT OF THE LABOR
and the savings of all the people within
the area of the United States from tn,
first British c~olonist landed in 1907 dowr
to the year 1860. 1t represented til,
fruit of the toll of $50 years. After 1866
the business of the country was encOur
aged and developed by a protective tariff.
At the end Of the twenty years the total
property of the United States, as re-
turned by the census of 1880, amounted
to the enormous aggregate Of forty four
thousand millions Of dollars. This
great result was attained not
~withstanding the fact that count
less millions had in the interval been
wasted in the progress of a bloody war.
1t thus appears that while our population
between 1860 and 1850 increased sixty
per cent, the aggregate property Of the
country increased PA per cent, showing
a vastly enhanced wealth per capita
among the people. Thirty thousand mil,
lions of dollars had been added during
these twenty years to the permanent
wealth of the nation, These results are
regarded by
L.. THE OLDER NATIONS
of the world as phenomenal. That our
country should surmount the peril and
costs of a gigantic war, and for an entire
period Of twenty years make an average
gain to its wealth of one hundred and
twenty-five million dollars per month, sur
passes the experience 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
CiiitSu SteNSo nAhSt tht NSSSoSioH
of the Republican party to power.
The 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 philanthropic field, religious
and charitable institutions, schools, sem
inaries and colleges have been founded
and endowed far more generously than at
any previous time in our history.
GREATER AND MORE VARIED RELIEF
has been extended to human suffering. and
the entire progress of the country in
wealth has been accompanied and digni-
fed by a broadening and elevation of our
national character as a people. Our OPP
ponents find fault that our revenue system
produces a surplus. But they should not
forget that the law was given for a speci-
fc purpose to which all of the surplus is
proftably and honorably a%pplied-the
reduction of the public debt and the con
sequent relief of the burden of taxation.
Not a dollar has been wasted. and
the only extravaganza which the
party stands charged with is the
generous pensioning of soldiers, sailors
and their families, an extravaganza which
embodies the highest form of justice in
the recognition and payment of a sacred
debt. When reduction of taxation is to
be made the Republican party can be
trusted to accomplish it in such a form as
will most effectively aid the industries of
the nation. Our foreign A
frequent accusation by our opponents is
that the foreign commerce Of the country
has steadily decayed under
THE INFLUENCE OF TIL PROTECTIVE
TARIFF.
In this way they seek to array the import
ing interest against the Republican party.
1t is a common, and yet radical error, to
confound the of the country
with its carrying trade, an error often
committed innocently and sometimes de
signedly, but an error so gross that it does
not distinguish between the ship and the
cargo. Foreign represents the
1NpOi'e un" iuipOi'I % eOunY' iesaiu-
iess Vi :, na 81 'ne Ne'sei 'na'
may ''i' II eA'se'
ouf carrying tfaue mas iroh obvious
causes sueieu many uiscourasenien'S
S'n'e i0oV' ou' oui iore,sn oomnice
naS III 'ne S"i"e Periou S'eau!y anu
prouisIouSiy increased increased mIeeu
AZ u ra.e anu d. an amount winch a"so-