Iuka reporter. (Iuka, Miss.) 1888-1894, 1888-09-06
crush Monopolies by Admitting
Necessities and Raw Ma
terials Free.
Arguments in Condensed Form
that Show Where the Tariff
Touches the Poor Man.
IN A NUT SHE'LL.

| fooo erease OF prosperity.
iooo' Absolute prohibition of all inn.
pcrtations, followed by universal
A0o0' repeal of prohibition, followed
.a Dy renewal of prosperity.
Inc tariff doubled, and all i'm
Portatlons stopped by the war;
result, hard times over the whole
country; general suspensions of
banks, ana such suffering in New
England that secession was
threatened.
1915. A protective tariff adopted-
some things higher than that of
1912, although in some thinos
lower. This was the first tariff
winch was framed all through
upon the principle of protection.
Inc protectionists themselves al
ways say that it was followed by
great depression of trade.
1918. The tariff made still more protec-
tive; and the protectionists always
re1er to the year 1919 as one of
~. great disaster.
1914. A higher tariff, followed by great
depression in the protected man
fractures, and certainly without
800 one cent OF increase in wages.
1898. A very high protective tariff. i'm
mediately followed by hard times
IN 1879, and low wages so long as
this tariff existed.
1862. No free trade" at all: but a
slight reduction of the tariff, fol-
lowed by improvement in business.
1883. A gradual reduction of the tariff.
leaving it still SO high that an
enormous surplus accumulated in
the Treasury, which was distrib.
uted among the States in 1887.
inns distribution was Immediately
followed BY the famous panic of
1887, which was the direct result
OF wild land speculation all over
the country, brought about largely
by the surplus.
1912. Protective tariff restored, followed
by one year QS43) OF the greatest
stagnation of business ever known
while during the whole existence
OF this tariff, farm wages were cut
down about half from what
they had been even after the panic
OF 1887, and wheat, corn and cot
ton sold at prices disastrous to
farmers and planters. Good times
and fat profits for iron, cotton and
wooden mill owners; bad times for
every one else. 80
1915. The tariff cut down bv almost
one-third to one half. Result. an
immense increase in commerce
and shipping, rapid increase
in manufactures, unprecedented
prosperity in agriculture, and the
most rapid advance in wages ever
known in the history of the coun-
try before or since.
1857. Even under the low tariff Of 1916
the revenue had become excessive
and surplus accumulated. In
order to get rid of this surplus,
the tariff was reduced in July
but in September, before the new
tariff could have the least effect,
the short panic of 1857 occurred
as the result of another wild land
speculation, combined partially
with the failure of crops. BY 1855.
however, almost the whole effect
OF the panic had passed away. and
in 1889 and 1850, agriculture,
commerce, and manufactures were
all more prosperous than they ever
had been before
1861. A protective tariff constantly in
creasing until 1867. According
to protectionist logic, the result
was our terrible Civil War, be-
cause this, as a matter of fact,
Immediately followed the new
tariff. For more than year af-
ter the adoption of this protective
tariff the business of the country
was in fearfully depressed con-
dition
1854. Tariff raised fifty per cent. Manu-
facturers made fortunes for three
years. Wages, in gold, lower
than ever.
1857. Great increase in tariff on wool.
Result, immediate slaughter of
40C, sheep, reduction of wool
product, and ruin of many wooden
factories. The years 1857, 1868
and 1869 were periods of great
depression in business, and espe
cially in manufactures. In 1868
the protectionists themselves de-
clared that there were more I'M
employed workmen than had ever
been known before.
1870. Slight reduction in the tariff aud
considerable reduction in taxa
ton generally. As result bust.
ness improved considerably. But,
the tariff being still maintained in
all its protective features, the
great panic OF 1878 ensued, which
was far worse than the panic of
1857, and which lasted for more
than five times as long period.
From September, 1919, until
January. 1879, the business of the
country was more depressed, and
more laborers were driven out Of
employment than in any previous
period Of the country's his
tory. So far from there being
"twenty-seven years OF prosperity"
under the last protective tariff,
fully half of that time has been
period of extraordinary business
depression, especially marked by
falliug wages, and the wholesale
dischargeof laborers from employ
ment. This was especially the
case in 1851, 1867, 1863, 1862,
1873, 1874, 1875, 1876, 1877 and
1878;
1883. Pretended reduction, but real
increase in tariff. Wages cut
down everywhere in factories and