The Bennington banner. [volume] (Bennington, Vt.) 1858-1894, 1888-08-30
NUMBER 80.
PROTECTION.
AS ExPOUNDED AND DEFENDED, AT
THE GEORGIA CHAUTAUOUA.

PhOIECIION
AS EXPOUNDED AND DEFENDED, AT
THE GEORGIA CHAUTAUQUA.
By william Mckinney. Jr.-Extract from
Verbatim Report of the Best Tariff
Speech Of the Campaign.
Our wealth increases 1915, ZOO, 900
every year, while the increase of France
is 1876, 900. 900; Great Britain 1895, ,OOO,-
900, and Germany $2OO,OOO,OOO The
fatal carrying capacity of all the vessels
entered and cleared from American ports
during the year 1886 'S7 in the foreign
trade was $4,000, 900 tons. The amount
of freight transported by the railroads
of the United States was alone 4S2, ,0O0,.
900 tons during the same period.
The sum of our indu tries exceeds that
of any other people or tribe or nationali.
ty. Mulhall, the English statistician,
places the industries of tn United States
at $l1 ,404, 100000 annually, which lie
81, 2O5, 900, 900 greater than those of the
United Kingdom of Great Britain nearly
twice that of France or Germany nearly
three times that of Russia, and almost
equal 10 the aggregated industries of
Austria, Italy, Spain, Belgium, Holland,
Australia, Canada, ,and Sweden and Nor
way.
This advancement is the worlds won
der. The Nations of the earth cannot
furnish such splendid exhibition OF
progress in any age or period. We defy
a revenue tariff policy to present such
an exhibition of material prosperity and
industrial development. Arts, science
and literature have held their own in
this wonderful march. We are prosper
Gus today beyond any other people. The
MASSES are better cared for, better pro-
vided for, more eself,respecting and more
independent then ever before in our his
tory, which cannot be said of the masses
of other countries.
One of the striking difference between
a revenue tariff and a protective tariff is
that the former sends the money of it,
people abroad for foreign supplies, nd
seeks out foreign market The latter
keeps the money at home among our
own people, circulating through the ar
teries Of trade, and creates u market at
home, which is always the best because
the most reliable.
The South has shared in this spendd
progress, in this golden period of devel-
opment,
THE MARKETS OF THE WORLD" A SNARE
AND DELUSION.
One of the chief complaints against
the protective system is its alleged hin
drance to foreign trade and foreign
market for our own products. 1t is
argued that if we could import raw ma
terial from other countries free, and
manufacture such raw material into
products for use, we could export them
at great profit and thus secure stand.
ing in the markets of the world. This
theory is wholly, as l believe, illusory.
1t is without substance. We have an ex-
ample of free raw material In a certain
line of manufactures-that of leather for
boots, shoes, etc., etc. In 1872 hides
and skins were made free so that our
manufactures could import them with
out custom house burdens. They have
had free trade" in their law material
now for sixteen years. This industry
has been an exceptionally successful one,
and yet you cannot avoid being surprised
when | say to you that in those sixteen
years we have been able to export but 2
per cent. of the leather production Of
the country.
But if free raw material be necessary
to secure an export trade and the foreign
markets, then answer that our manu-
facturers today have substantial free
trade in foreign raw materials which
they make into the finished product in
the United States, provided they export
1t. Sections 3019, 3020 3021 and 1922 ol
! the United States statutes provide fol
the remission of duties on all foreign
materials used in manufacturing for the
r export trade. The law is positive thai
all articles manufactured for export from
imported materials, upon which dutiel
have been paid, shall, when exported, b'
/ entitled to a drawback of 80 per cent. o
= the duties paid on such raw material
: Some use has been made of these laws
The remission of duties in 1884 paid upol
. imported material manufactured TO
foreign markets amounted to So, 256, 63s
|, On some articles the drawback is equa
to the duty paid, but in no instanc
where articles are imported to be manu-
e factured here and sent abroad is tn
n duty to exceed 10 per cent,
!. And yet we are gravely told by tn
4 tariff reformers that we cannot reac
q foreign markets on account of the hig
d tariff on the raw material, when in fac
d for foreign trade foreign raw material
are practically free. This principle wa
- recognized as early as the administra
q tion of George Washington, and has bee
: enlarged and made applicable to all in
% ported materials, the drawbacks varyin
: from 80 to 100 per cent. What becomes
y then, of the cry for free raw material
II IN the presence of this fact. The trut
Is is, we are not 80 much concerned abou
the foreign market as we are about th
o w home market. The latter is the best, an
90 we have not yet been able to control i
90 and until we do that should be our chic
90 concern. But if any of our people al
OO az signing for foreign market and valu
al it more highly than our own they ca
n. import foreign raw material practical
at free of duty, and after advancing int
10 the higher forms of manufacture can {
10 10 out and possess the worlds market
Taxed raw materials do not now stan
in their way, and it Is hypocrisy to clail
as otherwise.
Mt THE markets of the world in oil
N present condition are snare and a dt
u u lusion. We will reach them whenev,
,y we can undersell competing nations, an
We not sooner. Our tariffs do not keep
AT ont and fraa tTada "a, in not ma ka IL aa al