Richland beacon., 1888-09-01
TARIFF REFOR N.
Crush MonOpolies by Admitting
Necessities and Raw Ma
terialS Free.
Arguments in Condensed Form
that Show Where the Tariff
Touches the Poor Man,



ana reduction of State tariffs or
foreign goods, followed by lapid
,ooo increase of prosperity.
io'o. Absolute prohibition of all i'm.
Pcrtations, followed 10y universal
disaster.
i'V'' repeal of prohibition, followed
TO-, ooy renewal of prosperity.
i'i'' me tarif doubled, and all i'm
Porations stopped by the war.
hesult, hard times over the whole
country; general suspensions OF
Danks, ana such suffering in New
fngland that secession was
threatened.
i'i'' a rro'ecti'e tariff adopted-in
some things higher than tba. of
1872, although in some thinos
lower. This was the first tariIT
winch was framed all through
upon the principle Of protection.
inc protectionists themselves al
ways say that 1t was followed by
1910 great depression of trade.
i0io' ne tari 4 made still more protec.
i've and the prote tionists al WAYS
icier TO the year 1919 as one of
great disaster.
io-f' a higher tariff, followed by great
oppression in the protected man
uiactures, and certainly without
H., one cent of increase in wages.
1928. A very high protective tariff i'm.
mediately followed by hard times
IN 1922, and low wages so long as
. this tariff existed.
1867 No free trade" at all; but a
shght reduction of the tariff, fol.
.o.. iowed by improvement in business.
1000 "A gradual reduction of the tariff,
leaving it still so high that an
enormous surplus accumulated in
the Treasury, which was distrib.
uted among the States in lS =.
This distribution was immediately
Followed by the famous panic OF
1887, which was the direct result
OF wild land speculation all over
the country, brought about largely
by the surplus.
1872. Protective tariff restored, followed
py one year 0S13) OF the greatest
sta2nation of business ever known:
while during the whole existence
OF this tariff, farm wages were cut
down about one-half from what
they had been even after the panic
oil 1887, and wheat, corn and cot.
ton sold at prices disastrous to
tanners and planters. Good times
and fat profits for iron, cotton and
woolen mil owners; bad times for
every one else.
Io4o. 1he tarif cut down bv almost
one-third to one half Result, an
immense increase in commerce
and shipping, rapid ncrea,e
In manufactures, Unprecedented
prosperity in agriculture, and the
most rapid advance in wages ever
known in the history of the coun-
try before or since.
l.57. Even under the low tariff of 1876.
the revenue had become excessive
and surplus accumulated. In
order to get rid of this surplus,
the tariff was reduced in July;
but in September, before the new
tariff could have the least effect,
the short panic of 1851 occurred
as the result of another wild land
speculation, combined partially
with the failure of crops. By 1888.
however, almost the whole effect
OF the panic had passed away. and
in 1859 and 1860, agriculture,
commerce, and manufactures were
all more prosperous than they ever
had been before.
1861. A protective tariff constntiy in
creasing until lS67. According
to protectionist logo. the result |
was our terrible civil War, be. |
cause this, as a matter of fact, |
Immediately followed the new
tariff. For more than year af- |
ter the adopt on of this protective
tariff the business of the country |
was in fcarfully depressed con-
dition.
1864. Tariff raised fifty Ter cent. Manu-
facturers made fortunes for three
years. Wages, in gold, lower
than eve-.
1867. Great increase in tariff on wool.
Result, immedittc slaughter of
4Oc, coo sheep, reduction of wool
product, and ruin of many wooden
factories. The years 1871. 1865
and 1869 were periods of great
depression in business, and espe
cially in manufactures In | It's
the protectionis,s themselves de.
clared that there were more un-
employed workmen than had ever
been known before.
1870. Slight reduction in the tariff and
considerable reduction in taxa
ton generally. As q result bust.
ness improved considerably. But,
the tarit being still maintained in
all its protective features, the
great panic of 1873 ersued, which
was far verse than the panic of
1857, and which lasted for more
than five times as long period.
From September. loo?, until
January. 1879, the busne S of the
country was more depressed, and
more laborers were driven out of ,
employment than in any previous
period of the couutry's his
tory. So far from there being
''twenty-seven years OF prosperity"
under the last protective tarif,
fully half Of that time has been a
period of extraordinary business
depression. especially marked by .
falling wsges. and the wholesale j
discharge Of laborers from employ !
ment. This was especially the
case in 1861, 1867, 1868, 1869. :
1873, 1874, 1875, 1876, 1877 and
1878. &
sS3. Pretended reduction, but real !
increase in tariff. Wages cut f,
down everywhere in factories and s
mines. Great panic in Mayf So, !
leaving depression for tw0> tars. :