The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1888-09-06

KCtIfHU al
virhont siruiflcance, that his approvaN
va given 10 II on n day memorable -
mericap history, July I, l7sa. \ han tns
'nnroval OF Jau(s Madison, Hufue ktn9f
snuer sherman, 1rumbull, Lee, and = pare
4 other leading men from all parts Of. tnsi
Union.
ADDITIONAL TARIFF LEGISLATION
ras had IN l7o0. Some duties were In
creased. The journal ofthe House OF Hep
discloses the fact that Of "
yotes riyen In favor OF the bill, 81 were
rom the Southern States. IS from the
Middle States, and ave from the New Eng
ara States. OF the 10 votes against n.
nine were from the Now England states.
Ihrss from thu Southern States, and one
from the Middle States u VIII thus ~
seen that We are largely indeDted e ~
South for the Inauguration and estAouSn.
ment 81 the protective system IN the
United States, which has for the most part
Governed our legislation since the lorna.
tion OF the government. For nearly ~
wears Of our national life this principie ~
H. fullness has been recognized IN our
laws. and whenever recognized II mas peen'
accompanied by commercial and inuus'
TRIAL development, stimulating new enier.
prises, and securing. prosperity 70 inc
masses without parallel IN the wofius an
The revenue tariff periods Of our history
have been periods Of greatest financial
revulsions and industrial decadence, want
and poverty among the people, private en-
ferDrises checked and public works re-
tarded. From 1888 TO 1879, under the low
tariff legislation then prevailing, busfnessl
was at standstill and our merchants and
traders were bankrupted; our industries.
were pAralyzed, our labor remained idle
and our capital was unemployed. Foreign
products crowded our markets, destroyed
domestic competition, and. ~ invariably
follows, that the price Of commodities 20
Consumers wss appreciably raised. It "
an instructive fact that every panic thist
country has ever experienced has been
preceded by enormous imp0rtations.
From 1640 to 1851 Aimilar situation was
presented under the low tariff OF that GER
tod. y
Contrast this period with the period
from 1890 TO 1880, the former under rev.
enue tariff. the latter under protective
tariff In 1850 we had 1873, 100000 acres Of
improved land, while In 1880 we had 267,-
100000. an increase Of 10 per cent In 1850
our farms were valued at s3,2c0, 0O0, COO.
In 1880 the value had leaped to tl0,l97,T
NJ,
IN 1890 we raised l73,0o00OO bushels Of
wheat: in 1880 49SC0O000. In 1850 we
raised 8sS, COO, 900 bushels OF corn in $780,
III, 600 600 bushels. In 1850 we produc-
ed 5000, goo bales OF cotton ID 1880, 1900.
COO bales, an increase OF 40 per cent. In
1860 we manufactured cotton goods to the
value OF Sl156s1. ia; Ia 1880 the value
reached s2il, 000. 900, an increase OF upward
of so per cent. In 1850 we manufactured
OF woollen goods s6i. p00, COO In 1850, $685.
600 900, an increase Of 333 per cent. In
1880
WE PRODUCED e0,ooo,o00 POUNDS OF WOOL;
In 1880, 240 900 900 pounds, an increase Of
nearly 300 per cent. In 1850 we mined 49,
10000 tors Of COAL in 1880. 7e,000.000
tons, an increase Of over 400 per cent. In
1850 We made 9s7, 900 tons Of pig iron; In
1880. 1886 900 tons. In 1850 we manu-
featured 1856, 900 tons Of railroad Iron. and
In 1880, 1,20s0 900 tons. In 1850 our aRgre.
gate OF national wealth was e16, 159, 000.-
00O; In 1880, It was s4s. 000. 10000
From l84S TO 1860, during the low tariff
perIod. there was but single year In
which we exported In excess Of what we
imported. The balance OF trade during
tbe 10 Of the 10 years was against US. Our
people were drained Of their money to pay
for foreign purchases. We sent abroad
uver and above our sales 1896, 2l6, lGl. This
vast sum WAS drawn from the United
states. from It's business, from the chan.
nels OF trade, which would have been bet
ter employed In productive enterprises
and thus supplied our wants Tor which
we were compelled to 70 abroad; Duril9
the last IS years. under q protective tAriikf
there was but one yearthaL tne oannce q
trade was against u.s. For " years W
sold to our foreign customers 10 excess OF
what We bought from them the sum OF
81 ,6l2, 1859, 755. .
This contrast makes an interesting ex'
hihIt az the work under the Two systems.
You need not be told that the governments
and the people are most prosperous wn0se
balance OF trade Is In their favor Ia
government ID like the citizen indecd.
g but an aggregation OF cilzens; AnS
when the citizen buys more tnap g 49,
he Is soon conscious that ~ yArs uL
ness has not been q success. Our wea!t
increescs sS7J ,000, 900 every year, while q,
increase OF France ID ISIS 100000, areU
Britain t325, 000,0 900 and Germany S3OA
OOO. 600. The total carrying capacity oIau
tbe vessels entered and cleared lro9
American ports during the year lSs0-os
the foreign trade was q. 000. 900 tons. H.
mmount Of freight transported ~ "
railroads Of the United States was alone
482. 900 600 tons during the same period:
The sum Of our industries sxcssd. that @
anv other people or tribe OF nationality.
Mulhail, the English ststlstician, plAoss
the industries OF the United States -
eli ,lOS, 600, 600 annually, which = g,Dbf
100000 more than those OF the United
Kingdom Of Great Britain, nearly twtcs
that Of France or Germany, nearly tnree
times that OF Russia and almost equal 70
the aggregated industries Of Austxns
Italy, Spain, Belgium. Holland, Anssraiia
Canada and Sweden and Norway. TIN
Advancement Ii the worlds wonder. The
nations Of the earth cannot furnish such
SPLENDID EXHIBITION OF PROGRESS
In any age or period. We defy q revenue
tariff policy to present such an sxhioitson
Of material prosperity and Industrial 81
velopement. Arts. sciences, and literature
h~tx xk.~fv nxrv IN fkfo vv0fid~ff0I