Waterbury evening Democrat., 1888-05-21

that he proposed to discuss some of the gen. eral principles which underlie the two modes of national action which were confessedly in dispute in congress and in the country. He did not purpose to defend protection. Its vast growth within the last quarter of a con- tury defended it better even than eloquent orations. It was born with the republic. It was the faith and practice of every civilized nation under the sun save one. It had sur- vived the assaults of all the professors of the ''dismal science" called political economy.
 On the face of the earth to-day there were but two sets of people who believe in free trade, whether pure and simple or disguised as revenue reform, and those two are the masked majority of the committee of ways and means and their followers and the United Kingdom of Great Britain and Ire land, with Ireland suppressed. Russia the granary of Europe, had abandoned free trade, with the striking result that whereas, in 1876, before the duties were raised, she bought 6, ,0OO, 900 hundred weight of British metals and paid therefor s30, ,000, 900, she got the same quantity in 1884 and paid only ST. OOo.0OO for 1t. Austria, Germany, Italy, Mexico and the Dominion of Canada. that child of Britain herself, had all joined the army of protection.
 He declared that America was richer than Europe and we meant to keep the wealth here. We meant to do 1t even if we built Chinese wall of tariff taxes around this country. Whenever the farmer went beyond his farm for the qualification of his desires, Bastiat, the free trader, showed that he must then share his riches. Now, whom should he share it with, the mechanic at home or the mechanic abroad, his fellow citizen or an alien? Which was for his interest2
 MT. Reed referred to the arguments of revenue reform orators, and said:
 vT> ~1,4 @sn las~, would imagine the markets of the world vast vacuum, waiting till now for American goods to break through, rush in and fill the yearning void. Will your goods go to Austria, to Italy, Germany, Russia or Francea Around all these benighted countries are the Chinese walls of tariff taxes Britain herself is protected by vast capital, accumulated through ages, the spells of her own and other lands, by Q trade system as powerful as it is relentless. All these nations will contest with you the other countries, which they already overflow.
 "Does your mouth water over the prospects What market do you give up for all thist Where is the best market in the world, where the people have the most money to spend. Right here in the United States of America, after twenty seven years of protectionist rules. And you are asked to give up such a market for the markets of the world"
 Speaker Carlisle began his speech by say ing that MT. Reed had argued that to be con- sistent the supporters of the Mills bill should advocate absolute free trade He might re- tort by saying that if protection was right, it should be carried to it's logical result, ab- solute prohibition of foreign products. But the gentleman himself had said that it was his purpose and the purpose of his political associates to preserve in this country all its own wealth, even if they were compelled to erect Chinese wall around it. China pre- served all the wealth of her own people with l in her limits for thousands of years, and dc l not think that the advocates for diversified l industries and the friends of labor could find
 much to encourage them in the social and
 commercial condition of that country. l Continuing, he said: "We do not wish an. 1 other wall of China here, nor do we want | absolute free trade We all recognize the 1 fact that the government must have reve l nue. and that that revenue must be raised by
 taxation in some form or other, and we are 1 reduced to choice between that system | which would conflne the trade of our people | to our limits, without increasing the revenue | of the government, and the more liberal sys tenn, which will make commerce as free a. | possible. cons :stent with raising sufficien, ! revenue for the support of the government
 ssIt appears from the last official statemen
 that on the first day of the present montl
 there was in the treasury the sum of $136,
 143. 900 in excess of all the current iabilitie
 of the government. This was $56, ,676, ,OO
 more than the surplus in the treasury on Dec
 l, thus showing that there has been since tha
 date an average monthly accumulation O
 more than $11, ,OOO, 900. This month the ac
 emulation in the treasury is larger than tn
 VI ole expenditure of the government durin,
 the first two years of Washington's admins } tration, while the aggregate accumulatiol
 was considerably larger than the expenditure
 of the government during the first eightee, years of its existence under the constitution including civil and miscellaneous expenses war, navy, pensions and the interest on ta4 ! public debt.
 ] Every dollar of this enormous sum ha