The Delta independent., 1888-02-14
SHERMAN ON THE TARIFF.
A vigorous speech by the Ohio sena-
tor in Boston.

of the banquet given blythe Home Market
club. There were over four hundred men
present from various sections of the coun-
try. President Merrick briefly alluded to
the fame of the clubs guests, concluding
by introducing Senator Sherman, VINO was
received with great applause. Senator
Sherman thanked the gentlemen Tor the re-
ception accorded him. He said, referring
to the Home Market club:
Il 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 1t
from the foreign market, not to exclude the
foreign market but to emphasize your
preference for home market as infinitely
| greater, more valuable, more productive
than foreign market. When l think OF the
| contrast between our home market and the
| foreign market in magnitude and proper
tions, the universal benefits of the one
and comparative Importance of the other,
am led to wonder why so many gen.
tlemen of education and character are will
ing to endanger the wonderful development
of our home Industries to increase our for
eign competition. l believe the best we can
do for mankind is to do the best for our
country"
Mr.. Sherman attacked Mr.. Lowell for his
recent speech at the Tariff Reform League
banquet He found but very little in his
remarks about tariff, but great deal about
President Cleveland, said Mr.. Sherman:
"Lowell. who has been honored by great
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"
Speaking of President Cleveland's pol
lev Senator Sherman said: "Its inevitable
effects are to increase impOrtatiOns at the
expense and loss of our home market, and
especially to reduce the wages of all en-
gagged in Industries competing with foreign
production. His message creates alarm
among business men at home and gives Joy
and hope to every market in Europe" Re-
ferring to the surplus Mr.. Sherman re-
marked: "a surplus is great deal better
than deficit. 1t has been growing since
the close of the war. 1t has enabled us to
perform the magnificent feat of rapidly re-
ducing the public debt,a policy which has ex-
cited the admiration of the greatest states
men of Europe. The growing surplus was
btaueathed to Cleveland by his predeces
sors. and was applied by them to the pay
ment of the debt and repeated reductions
of the taxes. 1t is a rational and steady re-
suit of our increase in wealth and popula-
tion 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 Democratic
President, and perhaps it will If his adv Ice
is followed. Certainly 1t will be If he
checks the prosperity which enables US to
import goods and pay taxes.
"But why" continued Senator Sherman
ais not this surplus applied to the payment
or purchase of the public debt? Whose
fault is 1t that 1t accumuates in the treasury?
Plainly the fault of Cleveland, whose Sec
retary Of the Treasury is authorized to ap-
ply this surplus at any time to reduction
Of the public debt. II he had followed the
example of his predecessors he would,
weekly or monthly, without proclamation or
noise, have purchased and retired the pub
lie debt under the main provisions of the
existing law, but If the President
preferred to reduce the surplus by
reduction of taxation, why did
he not apply to Congress to dimin-
ish the taxation without disturbing home
production? know that at any time in the
last Congress taxation conld have been re-
duced. but for the desire of the Speaker of
the House and the President to strike at
home industries rather than reduce taxa
ton. The hungry mouths Of workingmen,
engaged in varied pursuits in every part of
| our country, furnish the best market for
their productions, and you in New Eng
lank, even your 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 hundred
| fold better market than you can find In
your stocked market of Europe and Asia.
"If you join In breaking down this sys-
| tenn in order to increase your foreign mar
ket for manufacturers from to even 10 per
cent, you will destroy the goose that lays
the golden egg.
"You may ask me what 1 have to say
about tariff reform. answer that l am de-
cidedly in favor of tariff reform. / always
| have been and will always be. How would
1 reduce the surplus? l answer frankly
that the tariff ought to be carefully revised
with the view to correct any inequal-
tiles or incongruities that have grown
out Of the change of values since the pas
sage of the act Of 1888, that every imported
article which does not compete with our
domestic industry and Is essential to our
comfort and wants of our people should be
placed upon the free list; that every raw
material of industry which does not COM
pete with our productions should be
specially selected for the free list; that
whenever any industry which can be con
Quoted in this country with reasonable sue
cess needs moderate increase Of duty
for its protection, 1t should be given"
Something About the Grain Belt,
| Field and Farm.
While we have been convinced that by
irrigation is the true method of crop grow
ing in this or any other country, yet we are
not entirely certain but that the rain belt"
will be success. Ithas been the past two
years, and may be in the two or twenty to