Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1888-02-10
HOME AFFAIRS.
SHERMAN RAKES THE DEMOC.
RACY FORE AND AFT.
Fears of California Hospitality-The
Refined Lard Inquiry-Con-
fession of Murderer.
ESPECIAL DISPATCHES TO THE REcogD-UNIoS.I
HOME AFFAIRS.
NUTS TO CRACK.
Senator Sherman Goes for CleveIand's
Tariff and Surplus Policy.

| Senator Sherman Goes for Cleveland's
Tariff and Surplus Policy.
Boston, February 9th-The dining halls
of the Hotel Vendome were filled to over
| flowing this evening, it being the occasion
OF banquet given by the Home Market
Club. There were over 400 men present
| from various sections of the country.
President Merrick briefly alluded to the
fame OF the Clubs guests, concluding by
| introducing Senator Sherman, who was re-
| ceived with great applause.
Sherman thanked the gentlemen for the
| reception accorded him. He said, referring
to the Home Market Club: ~ like the
| name, for it describes your principles.
When you Use the word home you mean
| your whole country. You use the phrase
home market to distinguish it from
foreign market-not to exclude foreign
market, but to emphasize your preference
1or home market as infinitely greater,
more valuable, more productive than
| foreign market. When | think of the con.
| trast between our home market
and the foreign market, in the magni-
tude and proportions of the universal
| benefits of the one, and the comparative
unimportance of the other, l am led to
| wonder why so many gentlemen of educa-
ton and character are willing to endanger
the wonderful development of our home
industries and increase our foreign COM
petition. l believe the best we can do for
mankind is to do the best for our country
LOWELL GETS RAKING.
Sherman attacked Mr.. Lowell for his
speech at the Tariff Reform League ban
quet. He found but very little in his re-
marks about the tariff, but good deal
| about President Cleveland. Said Sherman {:
| - ,nwn1 Uhn hoe haar, hanornl ~
! party with its confidence and trust, places
| Cleveland above Grant, the great soldier of
| our country Above Hayes. who certainly
gave to the country pure and excellent
administration, and Lowell himself above
| GARFIELD, one of the most accomplished of
American statesmen and above Arthur
IN every respect model gentleman, and a
| prudent and able President"
| CLEvELAND's TARIFF POLICY.
Speaking of President Cleyeland's policy,
| Sherman said: The inevitable effect is
to increase lmportations at the expense and
| loss of our home market, especially to re-
| duce the wages of all engaged in indus
tries competing with foreign production
His message creates alarm among business
men at home, and gives joy and hope to
every market in Europe"
| REFERRING TO THE SURPLUS.
Sherman remarked: "A surplus is a
| great deal better than a deficit 1t has en-
abled US to perform the magnificent feat of
rapidly reducing the public debt policy
| which has excited the admiration of the
greatest statesmen of Europe This grow
| ing surplus was bequeathed to Cleveland by
his predecessors, and was applied by them
| to the payment of the debt and to repeated
| reductions of the taxes. 1t is the rational
/ aItyr &c III
| and population, growing out of the policy
of protection to home industries. Our
friends may be surprised that the surplus
revenue did not stop with the election of q
| Democratic President, and perhaps it will,
| II his advice Is followed. Certainly it will
be II he checks that prosperity which en-
bles us to import goods and pay taxes.
STUPID OR WICKED FINANcERING.
But why is not this surplus applied to the
payment or purchase of the public debt {?
| Whose fault is it that it accumulates in the
| treasury? Plainly the fault of Cleveland
| whose Secretary of the Treasury is author
lzed to apply this surplus at any time to a
reduction of the public debt. If he had
followed the example of his predeces-
sors he would weekly or monthly,
without proclamation or noise, have
purchased and retired the public debt I'M
J w bhO AlidlAl plOFlSlOUS OF existing laws
| But II the President preferred TO reduce the
surplus by a reduction of taxation. Vbv did
| he not apply TO Congress to diminish taxa
uon without disturbing home production :?
1 know that at the last Congress taxation
| could have been reduced but for the desire
| OF the Speaker of the House and President
to strike at home industries rather than to
reduce taxation.
THE HUNGRY MOUTHS OF woREINGstEY
Engaged in varied pursuits in every part
OF our country furnish the best market for
their productions, and you in New Eng
land-even yonr professors and free-traders
| will learn that the steady demand made
| by millions of your countrymen in the
| West and South for textile and
! metallic fabrics furnishes YOU q
hundred-fold better market than YOU
can find il the over-stocked mar.
kets of Europe and Asia. If you Join in
breaking down this system IN order to
increase your foreign market for manu-
tacturers from two to even ten per cent.
you will destroy the goose that laws the
golden egg You may ask me what have
to say.
ABOUT TARIFF REFORM,
| answer that | am decidedly in favor of
tariff reform, and always have been, and
will always be. How would I reduce the
| surplus? l answer frankly that the tariff
ought to be carefully revised with a view
to correct any inequalities or incongruities
| that have grown out of the change of values
| since the passage of the Act of 1888; that
every imported article which does not
compete with our domestic industry, and
is essential to the comfort and wants
of our people, should be placed upon the
| free list; that every raw material of indus
| try which does not compete with our own
| productions should be specially selected for
| the free list"
A PARTY FAILING
Democrats Afraid of Too Much Good