The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1888-02-10
A Forcible and Logical Discussion of the Tar
iff Problem. in Which the Benefits Of the
Protective Policy Are Made Plain.
Mr.. LoWells Eulogy of Cleveland Dis
sected and Held Up to Public View.
What Republicans Mean by Protection, and
How the Tariff Should Be Revised and the
Nations Surplus Revenue Reduced.
SENATOR SHERMAN.
A Characteristscaliy Strong Discussion oi
National Topics by the Ohio Man.

various
the banquet given by the Home Market Club in
honor of the Hon. John Sherman at the Hotel
vendome this evening. An informal reception
was held. after which the guests filed into the
dininghall. At round table in the center of
the hall were thirteen gentlemen, one seat be-
ing vaeant-that assigned to Gov. Oliver Ames.
At this table, besides Senator Sherman, were
seated Hon. Nathan Goff, jr., Hon. William
Osborn, Gen. VIM Draper, Hon. Frederick d.
Ely, Hon. W. w. Grape, Hon. VIM A. Russell.
Hon. Theodore c. Bates, Hon. Chas. H. Gros-
venor, T. c. Search. ard Hon. William McKln-
ley. jr.
Thes ceilings were properly decorated with
banners. many bearing inscriptions. while
heavy festoons Of bunting hung from every cor
nsr. After the menu had bean exhausted. Pres
ident Timothy .Merrick. of the Home Market
Club. introduced Senator Sherman. Upon rising
Senator Sherman greeted with cheers that
resounded through the entire building. At fre-
quent intervals the speaker was interrupted by
applause. and his remarks on several occasions
drew forth hearty langh from every one Of his
auditors. Senator Sherman said
"Gentlemen-I have, first of all, to thank you
for the hearty reception you have given to q
stranger from distant State. but stranger
akin to you by many ties of association, and,
more than all, by hearty sympathy with you
in the line of public policy which has done more
than any other to develop the resources and to
promote prosperity OF our common country. l
like tn. name of your club for it is name that
describes your principles; it 10 creed in itself;
home market for home productions. 1t has the
flavor. patriotism. When you the word
home you do not mean your household. your
business. not even Boston or Massachusetts,, but
your whole country, from TO ocean,
from Canada to the Gulf of Mexico Tho mar
ket You refer to is the interchange of the
products of sixty millions of people, the
most free, Intelligent and prosperous the
globe, engaged not merely in manufacture but
agriculture and commerce. and embracing al
most every employment of civilized man. You
use the phrase home marked to distinguish it
from the foreign market, not to exclude the
foreign market but TO emphasize your prefer
ence for the home market as infinitely greater.
moro valuable, more productive than ths for
eign market. Tho home market deals with
over eight thousand million dollars annually of
agricultural products and six thousand million
of manufactures. while the foreign market deals
with only fifteen hundred million dol
and moro than half OF these
are homs products This is not all; every part
of the capital and labor employed in the produc-
tions of the home market is American labor and
capital These productions are by American
farmers and workshops, and they are transport
ed on American railroads. steamboats, and
wagons They ars exchanged for each other by
American merchants, tradesmsn and middle
men, and more than so per cent. of them is coa-
sumed by the American people 1t is the home
health, wealth and comfort to ths people Of the
United States. It is this home market that.
it, you wish to foster. protect and diversity.
.On the other hand, our foreign market is
conducted entirely by Foreigners Nearly one
hhlf of it is in foreign products, made by foreign
IAbor. largely by people whose daily wages
would not buy the food, saying nothing about
clothing and shelter, that is consumed by the
American workingmen and yet ths price OF all
food is confessedly cheaper here than in Europe.
These products are transported in foreign ves
cnlo fhAu ara OnnG rr,1 IN fnnoT
agents a device to secure undervaluation,
and, to q large extsnt, are consumed as articles
of luxury and ornament. The aggregate of i'm
ported goods in the highest years of importa-
fion is less than psr cent. of home products.
More than cnethird of this. the great
body that enters into the consumption of our
charged such reasonable duties AS will incite
home composition without destroying home in
dustries. AS to our exports. mostly of food,
when tney leave our shores they are carried in
foreign vesels aud are only taken to supply alb
sclute wants. They ara taken by our European
neiRhbors as we take sugar from the West
Indies and coffee from Brazil, because they
must have them. All the while they are trying
to get cheaper wheat from India and Russia,
and cotton from Egypt Even what they do
take in the way of food is less than per cent.
of our productions while the home market con-
Sumes the balance.
.sWhen think of the contrast between our
home market and our foreign market in mag
ntude and proportions, the universal benefits
of the one and the com paratise unimportance OF
the other. | am led to wonder why so many gen.
tlernen of education and character are willing to
endanger the wonderful development of our
home industries to increase foreign COM
merce. / excuse such professors Mr..
Sumner and Mr Perry, whose thsories exclude
love of country and rest only upon the universal
good of man. The most istinguished pro-
fessor of this school of philosophy that
I know Of is Mrs; .Jsyby. who
especially. of Africa to the neglect of her house.
her husband and The little Jellybys believe
the best we can do for mankind is to do the best
for our country. Isuppose that in Congress at
least we are to legsiats for the United States,
and that on the question of home market
foreign market we are to be guided by the IN
terests of the people of the United Statss.
When you invited mo to speak to the Home
Market Club learned that there was another
club in Boston called the Massachusetts, Tariff
Reform League, and that its members had
banquet here recently at which there were
many distinguished guests and speeches. So I
thought that here, at least, might
market and what is meant by tariff
reform I carefully read all these speeches and
confess my surprise TO find so little on economic
questions affecting our home industry, and so
much about politics. 1t is like Falstaffs bil of
fare: little bread and SO much sack. Take
Mr. Lowell, for instance. a gentleman for whom
/ have always entertained the highest respect
He is known accomplished writer, man
of culture and taste, welcome representative
of this country at the English court. He was the
president OF the occasion and gave tons and di
rection to t. / ind but very little about the
tariff in his remarks. but good deal about Dir.
He says
s.Personally confess that feel myself strongly at
tracted Dir. Cleveland the best representatives of
the higher typo of Americansm that we have
since Lincoln snatched from
.sThis Mr.. Lowell. who has been honored by
a great party with its confidence and trusr,
places Mr.. Cleveland above Grant, the great sol
der of country; above Hayes. who certainly
gave to the country pure and excellent admin
istration, and Mr. Lowell. himself; above Gar
field one of the most compished of American
statesmen. and above Arthur, in every respect
q model gentleman and prudent and able
President. Now. for what has Mr.. Cleveland
been distinguished to justify this eulogy7 Two
things: First, for the prnmlso of civil-service re-
form and he has practiced the most general,
government was established. He found 2359
presidential postmasfers in office. and he has
removed or changed 2 900 of them. His Postmas-
ergeneral. out OF $1,000 employees under him.