The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-08-23
GRAND OLD MAN.
Continued from First Page.

cludes the time OF the war. But from
1870 to 1880, during period Of profound
peace and under the highest tariff that
the country has ever known, the value OF
farming land in the State OF Michigan was
Increased only 25t per cent, and you
must remember that under the Walker
tariff we had a great war-the Mexican
war-and | do not make any deduction
for that Had values continued to in
crease from 1860 10 1880, as they did dur
ing the low tariff period from 1850 to 1860,
farm values in Michigan would have
been in 1880 Sl,0i7 100000, that
is one thousand and forty-sev-
en- million dollars, instead Of being
as they were by the census of 1880 only
$4,000, 900. And so too take farm imple-
ments. They increased in value from 1850
to 1860 at the rate OF l0l per cent, and in
1880 only Al 6l-l00 per cent. If they had
increased in the same ratio under the high
tariff period that they did under the law
they would have been worth S23, 100000
instead OF SIS, 100000. You see then by
these figures that it is quite impossible that
this high tariff can be of advantage to
THE AGRICULTURAL COMMUNITY,
quite impossible
But, my friends, I must draw my re-
marks to a close. is time that | was Civ
ing way TO other gentlemen who are to
follow me in order to give them fair OPP
portunity to present their opinions. /
want TO call your attention though TO one
| thing. | have spoken about this surplus
revenue that lies uselcssly in the vaults Of
the treasury. Now | want to read to you
what Senator John Sherman says upon
that subject, only 30 late us the 9TH day Of
last month in speech before the chamber
OF commerce in Cincinnati. As you re-
member, he was for four years during
Hayes administration Secretary of the
Treasury. Now, nobody will charge John
Sherman with being u Democrat, am
quite sure. Laughter and applause. ]
Nobody will charge him with wanting TO
destroy American industry, but here is
what John says al would like to talk to
you men OF business today on the mat.
ter OF
THE GREAT SURPLUS OF MONEY
in the United States treasury. That affects
you materially. We would rather prefer
to have it than deficiency. The govern
ment OF the United States has this surplus
now, and il seems as though some people
were trying TO get rid OF it, ] do not in
tend TO allude to politics. Every man Of
sense knows that the government should
not collect any more money than is abso-
lutely necessary 10 carry on the business
with close economy. Congress ought this
year TO devise some mode TO dispose OF
this surplus, yet, as ! said before, il IL
better 10 have this surplus than a de-
| iiciency."
Now, agree with that entirely that the
| government should not collect more money
from the people than is necessary to carry
on the government economically admin
istercd, and everybody does know that
this great surplus which is lying usolessly
| in the treasury, and Is increasing from
year to year, is a great injury to the coun-
try and does nobody any good. II has the
effect among other things, besides its Pc
cuniary effect, Of damaging the prosperity
OF the country. IL has corrupting effect.
| Gov Allen, of Ohio, once sail in his forci-
bic way OF speaking when he was excited,
that you might as well try 10 keep q
powder-house in he'll rs to have an honest
government with a surplus in the treas
ury." Great applause and laughter.
Well, that was pretty strong statement
| OF the case, but IL was not extrayagant
after all Why, gentlemen, II you would
Just look over the schemes for plundering
the government, owing to this great sur
plus that IL there you would be amazed.
There Is scarcely anything that somebody
won't ask for, for they say "Why, the
government has money which il lying idly
IN the treasury, and you might rs well give
II 10 us for our little scheme rs 10 have il
lying there" aud 50 every scheme OF ex.
travagancc, everything in the world by
which the people can be bled aud high
taxes kept up is advocated by these men
and grows in great degree out OF this fact
OF a surplus in the treasury. My friends,
before | conclude, want 10 ask your at
tention for moment on another question,
10 what is called
the CHINESE QUESTION,
the question OF importation OF Chinese
INTO this country. Now, what | think
upon that subject cannot bo better ex-
pressed than 10y reading what | said 10
INV own constituents In Cincinnati In the
year 1870, five years before the Legislature
Of California mcmOrializcd Congress on
this subject oi Chinese immigration.
Tho extract from Judge Thurman's
speech delivered September 10, 1870, at
Cincinnati, was then read 90 the audience,
~ follows 81 do not think that large
Chinese immigration 10 this country Is
desirable. ! do not think il would DO a
valuable acquisition. On the con.
trary, Il would be seriously disturb
ing element. In race, civilization,
habits, education and religion the
Chinese are widely different from our PEG.
pie. ~ different M a. form very strik.
ing contrast. The European emigranis
iorm very striking c1ndasi. The Euro.
pcan cmigrants are Of the same race, 10.
ligiOn and civilization rs ours, and while
thoy add immensely 90 the power and
wealth Of the republic they do not scri.
ously disturb the substantial homogcneity
OF our white population. Their migration,
therefore, benefits the country aud de-
serves encouragement
NOT ~ wtrH rtIE CHINESE.
They will never become one people with
~. Were they 10 dwell here Tor centuries
they would probably be ~ distinct from
the white race ~ are the gypses In Spain
from the pure bloodod Spaniards We
are destined 30 have a great commerce
with Asia, aud natural result will he the
voluntary emigration from that continent
OF limited number Of business men.
SEQ no objection 10 that. II will not In
trricre with our mechanics or aborcrs;
will not disturb our social or political sys-
TEN, while Il will tend by an increase Of
our commercial connections 10 add 90 our
commerce aud wealth. Hut that is q wholly
different thing from the Coolie cmigra-
ton that Ia nov going ON and which II not
stopped must alarningly increase. This
emigration n, In no proper sense Of the
word, voluntary. II isa kind Of Chinese
slave trade. Instead Of an independent,
scli-rcliant body Of frccmcn. Il introduces
u herd OF quasi slaves, working nj half
wages 10y command OF a task master. And
this loads mo 10 notice A abatement that