The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1888-09-05

by whom is it paid? Certainly by the
purchaser of the article, whether of for
eign or of domestic manufacture. These
words occur, with others, in the space be-
tween the first and second sentences.
The Journal has the impudence to call
Judge Humans quotation ''garbled ex-
tract" and attempts to prove it by garbling
the omitted portions of the report. 1t
states the argument offered in support
OF the theory which Mr.. ADAMS
is opposing based on the prices
following the law OF 1928, and
with the basest demagogy omits
Mr.. ADAMS refutation of that argument,
which concludes with these words:
No safe conclusion can be drawn from the
TACT, that subsequent to the tariff OF 1928, the
prices of the articles upon which the duties
were then increased have fallen, unless from
other circumstances it can be shown that the
increase OF duty was the cause OF the fall IN
price; nor will il be sufficient to prove so
strange paradox, to account for it by the ex-
element OF competition.
The next quotation of the Journal stops
in the middle of a sentence thus:
But this relief is purchased by injustice, at
the expense not only of the foreign manutac-
luftT, Out Oh Tie importing neICudnt, llll TIC
duty becomes prohibitory.
The remainder of the sentence is as
follows: "And then the foreign manu-
facturer, the importing merchant, the
shipper, the miner, and the whole class
of citizens to whom the importation gave
occupation and subsistence, suffer by the
extinction of trade, precisely to the same
avfapt fhot tho r,roftS ~ tho Jorooct; Ia
manufacturer are enhanced by the bounty
paid to him for his competition with the
foreigner" The next quotation of the
Journal is taken from the middle OF a ref
erence to statements which Mr.. ADAMS
says are made by friends of the tariff"
After reciting them, he says: eve may
and probably do often greatly exagger-
ate" etc., as the Journal says; but he an
swers the claim of the high tariff men
that the tariff reduces prices, ex-
cept in a transient and speculative
way, in these words, which Immediately
follow where the Journal thoughtfully
leaves off:
But this career of losing trade cannot con-
tinue long. In the competition between differ
ent lines of steamboats, and stages, we have
sometimes seen the rival interests undertaking
each other, till the traveller has been treated
gratuitously with his fare. But the result even
of very short contest of that nature proves
utterly ruinous to one, if not TO both the con-
tending establishments. And so 1t is, and must
be, with any reduction of price in the market
upon articles furnished partly by importation
from abroad and partly by domestic industry,
which ensues upon the levy of an additional
duty upon the article imported from abroad.
The incidental effect of competition in the
market, excited on the part of the domestic
upon the corresponding article imported
from abroad, TO reduce the price
of the article, must be transient
and momentary. The general and permanent
effect must be to increase the price of the
article to the extent of the additional duty, and
it is then paid by the consumer.
Of course the asterisks in Judge THUR
MANS speech could not be transmitted by
telegraph, but there could not be fairer
statement of the full sense and meaning
of Mr. ADAMS report than Judge THURMAN
gave. He did not say or intimate thatADAsIs
was a ''free-trader." On the contrary, he
quoted him as protectionist authority on
the question of the effect of a tariff on
prices. He answered the false pretense
of the tariff robbers, that the tariff lessons
prices, by quoting Mr.. ADAMS, and added
the statement
JOHN QUINCY ADAMS knew better and he
was too honest a man to make such false
pretense.
We do not care to soil our pages with
the only words which can fifty character
ize the contemplate misrepresentation
of the Journal in this matter. We dare it
to expose its own hypocrisy and false
hood by printing the full statement OF Mr.
ADAMS on this subject. 1t is only two
pages in length and it is so plain that no
man can misunderstood it. We print it
in another column verbatim ct literatim,
the italics being those of Mr.. ADAMS him
self