The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1888-05-31
PROTECTIVE TARIFF VERSUS FREE


TRADE.
The advantages of a protective tariff
over free trade are clearly and unans-
werably presented'in the following ex-
tracts from the speech of Hon. I. H.
Gallagher, of New Hampshire, recent
Iy delivered in the lower house of Con
gress:
The estimated population of the
United States to-day is SO, 1893 900.
The estimated population of the six
New England states is 4 ,449 300, less
than one-thirteenth of the whole,
while the estimated population of Vir-
ginia, North Carolina, South Carolina,
Georgia, Florida, Alabama, Mississip-
pi, Louisiana, Texas, Arkansas, Ken
lucky and Tennessee is IL ,S44, 500, or
more than four times that of New
England. New England represents
the doctrine of protection and has
adapted her business accordingly,
while the South, through its represent
alive men on this floor, still clings to
it's early free trade hereSieS, and ap-
parently desires to uprOot the existing
tariff laws upon which the industries
and prosperity of New England, like
with all other sections of the country,
necessarily depend.
ton of our country has 81, 900 manufac-
turing establishments with 625 million
dollars of capital invested in them,
paying annually in wages to employees
the enormous sum of 304 million dol
lars, expanding for material $50 mil
lion dollars and furnishing net man
ufactured product of over one billion
100 million dollars. On the other hand
the twelve southern states have 35 900
e. 1,IS 30 rNE oil
kinds. They have invested in them
$50 million dollars of capital. They
pay less than SO million dollars yearly
for wages and the total annual value
of their production is only 800 million
dollars.
Let me make one other point of COM
parison. find that the total estimat-
ed true valuation of all property in the
country in 1880 was about A billion
dollars, the assessed valuation being II
billion dollars, or about 80 per cent. of
the whole. OF this property the
six New England states had 5
billion dollars, and the twelve
Southern States 6 billion dollars,
but the 5 billion dollars of New
England property was assessed for
taxation at billion $50 million dol
lars, while the billion dollars of the
South were assessed at only 2 billion
IL VIII DO
seen that the six New England States,
with less than {, zoo, O00 people, pay in
revenue to the government more than
the twelve Southern States with over
IL, O00, 600 of people. Might it not be
well for some of our Southern friends
on this floor, when they are talking of
the robberies and extortionS of New
England manufacturers, to pay a little
attention to this circumstance and ex-
plain how it happens that 5 billion
dollars worth of Northern property
should be worth 30 million dollars
more for the purpose of taxation than
billion dollars of Southern property?
Let me also call attention to the fact
that there is in New England a form
of banking almost exclusively for the
protection of the earnings of labor.
The New England system of savings
banks stands apart from all other finan-
cial enterprises. the savings banks
in these six States hold in trust the
enormous sum of 575 million dollars, or
considerably more than one-hah the
amount in all the savings banks of the
country, which aggregates billion 37S
million dollars. In the report of the
comptroller of the currency find men,
tion of but one savings bank in the
Southern States having on deposit ST.,