Audubon County Republican. [volume] (Audubon, Audubon Co., Iowa) 1885-1894, 1886-09-09
BLAINE'S SPEECH.
Extracts From Mr.. Blaine's Great
Speech In Maine.
The Position OF the Two Great Far.
ties on tho TariG ana Indus
trial Questions.
THE TARIFF.

| port Of policy than is the Republican
in support of protective tariff today,
At tho lato session Of Congress meas
ure known rs the Morrison tariff bill,
designed to first weaken and ultimately
destroy the protective policy. was re-
sisted by so compact an organization OF
the Republican members that q single
vote from New York and two or three
votes from Minnesota were all that broke
the absolute unanmity Of the party,
And this was rendered still more strik-
| ing by the fact that the organs of Repub-
lican opinion In New York and Mime
sofa declare that these exceptional votes
! were adverse to tho wishes of large
majority of those who elected the dis.
senting members.
On the other hand, tho vast majority
Of the Democratic members supported
the free-trade side of the question; but n
small minority, uniting with tho Rcpub'
LEANS found themselves able to defeat
the measure. Thorcupon the Democrat
ic papers quite generally throughout the
country denounced the recusants as un.
faithful to the creed Of their party, and
the journal in New York which is said
to reflect the views of the National ad-
ministration gave formal notice to all
Democrats, North and South, who lean
toward
THE POLICY or PROTECTION,
that they must revise their opinions or
leave the party because with their views
they can find no sympathy in Democratic
ranks and no standing room on Demo
cratic platforms
These leading facts indicate that the
policy ofprotection versus free trade is
an issue shaped and determined no long
or by sectional preference-but has be-
come general and Misunderstanding u
distinct, well marked line Of division be-
tween tho Republican and Democratic
parties. do not recall these facts as
preparatory to an analytic discussion
Of the protective system, but with
the view of applying them to certain
current movements and current events.
The hostility of the Democratic party
to protection has entailed upon the coun-
try vast loss, and has in many ways
INSTRUCTED the progress and development
of certain sections.
SINCE THE FINANCIAL PANIC
Of 1878 and the contemporaneous solidi-
fcation of the Southern vote, the Demo
cratic party has, with the exception Of
q single Congress, held control of the
House Of Representatives The power
to originate revenue bills has been OK
clusively in their hands, and they have
used it to the confusion, the detriment,
in many instances TO the destruction of
new enterprises throughout the Union.
Confidence once shaken is hard to restore
and the schemes Of improvement which
have been abandoned within the past ten
years on account of the uncertainty of
our revenue laws constantly menaced by
the Democratic party In Congress would
have caused prosperity and happiness In
many communities which have felt the
discouraging influence of dull times.
The Democratic party is constantly
using the comparative dullness in bust
ness, which their own course in Congress
for twelve years has largely developed,
as an argument against the policy Of pro-
lection But il is worth while to com
pare the condition Of the country in this
year of grace with its condition the year
before the Republicans succeeded in en-
acting the first protective tariff. In tho
nine States which still do the larger
amount of manufacturing for the coun-
try, and which did it nearly all quarter
of century ago, it is interesting and
instructive to compare their financial
conditions at the beginning of 1861 and
at the beginning of 1865. The States
referred to are the six Of New Eng
land, with New York, New Jersey, and
Pennsylvania. In 1861 the country pre-
sented condition brought about by
nearly an entire
GENERATION OF FREE TRADE,
and the aggregate amount which
the people had accumulated in
their savings banks during the
long period was less thar $3.50, 000,-
300. In the same States on the first day
of January, 1886, the aggregate amount
in the savings banks was over 81, O20,-
300, OO0 The difference in the amount
Of savings in Maine for the two periods
show that in January, 1861, the people
had less than 81 ,J00,0 900 in bank, while
in January, 1886, the people had over
b36, 900, 600 in bank.
During this period il must be remem-
bered, that the increase of population in
the nine States has been about 30 per
cent, while the increase of deposits in
savings banks has been at the rate of 800
per cent.
| 1t must be remembered that rs per
| cent of this vast sum belongs to the wage
workers. The vast number OF deposi
tors may be inferred from the fact that
in Maine, where the aggregate popula.
ton is less than 700, 200 the 1876. 5000, 900
of deposits are divided between ITO, 900
persons, showing that about one in six
of the total population Is a depositor
and that the average to each is about
$500.
! The figures with which we are dealing
have been confined to the nine States
named because in 1861 the manufactur-
ing done in this country was mainly con-
fined TO those States. But the thousand
millions of savings by the workers within
their borders became still more signia-
cant, as an economic fact, when we re.
member that since 1851 the great body of
Northwestern States under the inspiring
influence of protective tariff have in
turn developed an enormous aggregation
| of
| MANUFACTURING INDUSTRIES.
Ohio, Indiana, Michigan, Illinois, Wis.
consin, are no longer devoted to agricul.
ture solely, but have mass of manu-
featuring industries larger in aggregate
value than all the manufactures in all
the States of the Union on the day Mr..
Lincoln was first inaugurated.