The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1888-10-25
sTAUNTOM, VA.
DEFERRED TER-
Synopsis OF Heniy v Poor Twenty
Two Years Of Protec ion

England was the REORGANIZATION VI III
Colonists TO establish an industrial as wei
as political independence, the iorme
being the essential condition to the enjoy
ment of any considerable degree of pros
perity.
/ s'altI. covers period of forty year
extending from the formation of our Ma
tional Government to the close of the ad
ministration of J John Quincy Adams. Th'
first act of the New Government, to carr,
out the great object of its formation, Wa
for ''the encouragement and Protection
of Manufactures. This act, as prece
dent, was carefully followed for fort,
years, the sum of all legisaticJ OF tht
kind during such period being 20 give full
and complete effect to it. Thronghout
this period the North and South acted il
J entire harmony. General Jackson wher
| in the Senate of the United States was :
| high.tariff man. voting for the act Of 1924
and ran as such for the Presidency. He
was also a warm advocate Of Internal I'm
provements.
Part H., extending from the end of the
| first period to the close Of the War OF tbs
Rebellion, covers that in which the worh
of the Fathers--the United States Bank
| the right to appropriate money for internal
Improvements. and a tariff for protection
was Oyerthrown, the assault upon it
being followed 10y one upon tho Nationa
Government itself. The first assault upon
the work of the Fathers was directed
against the tariff, on the ground that the
! South which blindfoGded labor. could de
rive no advantage therefrOm. 1t WA
against the Tariff ACT of 1852 that South
| Carolina directed her first Ordinance OF
| Secession, to take effect unless the United
States speedily modified the Tariff laws by
| large reductions in the rates of duties
Had not the nation then retired before 9
state armed to the teeth. the second as
sault upon it-.tAis time prompted wholly
| by slavery Rould never have been ven
| tured upon. The right of Secession was
virtually established by the Compromise
Act of 1888 Free Trade, or Secession, as
the alternative, became.the dogma OF the
South. The party embodying one,o both
was the Democratic Party, which was
first heard of. and first organized in 1882
From its origin this party was incessant
in its declaration of the right of any State
upon its own motion, to secede from the
Union. The period of its dominion wa
consequently the most disastrous in tAs
hiqtoFy of the country. Every person
entering upon any enterprise or industry
had to take the chance of an assault upon
the Government for the purpose of its
overthrow, that assault being made sec
ond time upon the election of Mr.. Lincoln
in 1860.
Part III. covers the period from the
final overthrow of the Confederacy to the
present time. The most important result
of the war was the vindicati0n Of the par
amount mower OF the National Govern
ment-an attribute always denied to it by
the Democracy The first act of the \ ew
Nation, as it may be called, was to restore
the work of the Fathers, by the creation
of national banks. by appropriations OF
money for public works-the Pacific rail
roads-and by She establishment OF rigid
system of Protection. Under the new
Government our people could embark upon
any enterprise or industry, certain at least
that they were living under permanent
form of Government. and under the rule
of laws not subject to sudden or violent
change; that their flank and rear were
we'll guarded, so that if one failed of sue
cess in any undertaking it. was his oW
fault. The result is the. most wonderful
progress made in the worlds history. In
a period Of twenty-five years the amount
of the internal commerce of the country
increased 700 per cent, the rate of III
crease being ten fold greater than that Of
the population Of the country. The nuns
Der of tons Of merchandise moved on The
from 100000 tons IN 1865 to $50 100000
tons in 1887, such increase measuring the
degree of increase of the products OF the
country. The value of the tonnage moved
IN 1900 eQualeu $Z,llo OO,OUo, Ill 1901
$13 ,043, $50 600. The increase in the mum
Der Of tens moved in 1854 over that moved
in 1886 equaied 100000 tons, the vau
of the increase for single year being
81 100000 0O0-the increase for single
year equaling sum nearly two and a hall
Times greater than the exports of tbs
country for the same year. With tbs
enormous increase in quantity the prlc4
of every saleable ARTICLE but that of labo
has greatly fallen. That alone has riser
in value and greatly risen.