Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1888-05-20

service reform OH DIS ieet, ne WIS ashuWlht
control over his party. There was but one
free trsde, and the President was its prophet.
/ Whoever fell in battle In the service OF this
new Allah and its prophet for him
shall open the shining gates OF the heaven
OF foreign missions and Federal Offices. III
toe President WAS right, gentlemen did not
dare 10 grumble. An annual tribute was
paid protected manufacturers cut OF the
pockets OF the people more impoyerisbing
{ than ever was exacted by an Oriental despot.
+ in the face Of the duty 10 free the people
/ from this iron yoke gentlemen stood bag.
! Cling about the amount OF tribute. Instead
Of S47 for every hundred they proposed TO
| give $40 OF the peoples money and throw
/ II iatO the trads markets OF the world. IL u
were q tribute, be bold and sweep II
away. lie did not purpose TO defend
protection. its vast growth within the
/ last quarter OF century defended
/ it better even than eloquent orstions.
| II was bern with the republic. II was the
faith and practice OF every civilized nation
under the sun save enc. IL had survived
I the assaults OF all the professors Of the "dis-
nal science" called political economy. IL
I bad stood up against All the half knowledge
Of men who never bad sense enough 10
| transmule their learning into wisdom. On
the face OF the earth to-day there were but
two sets Of people who believe In free trade,
whether pure and SIMPLE or disguised as
revenue reform, and those two sre the
masked majority OF the Committee on Ways
and Means and their followers aud tue
united Kingdom ~ Great Britain and Ire
land, with Ireland suppressed.
Mir. Reed quoted from BastIat, the French
political economist, that In free trade th
richest country gives the most; In fact, 1t
levels itself down aud levels the other coun-
tries up" He declared that America was
richer than Europe, and we meant to Keep
the wealth here. We mean te do II even
/ IL We build q Chinese wall Of tariff taxes
around this country. He Tidiculed the talk
OF monopoly" and "trustS," which he
called idioiic, rsvilg, and pestiferous, and
illustrated what would happen TO those
who reached out for the markets Of the
werld by quoting Asop's fable OF the dog
passing over a bridge with bone IN his
mouth and saw bis own reflection In
the water and lei 70 hts ewn bone TO leapfor
that of the reflected dog, and so had none
and vas wet besides. We have spent twen-
~ DAYS discussing the Mills bill. Have YOU
not neticed what mas been an utterly insg-
nifcant thing IL the dlscussisnl The most
utterly insignificant thing 10 the discussion
has been the Mills bill. How 10 YOU account
for it1 | will tell YOU. II the principles
you have eDunciated are true it Is An un-
worthy compromise with Satan. II the prin-
cipes We have stated are true lt Ia An I'M
worthy smbuscsse, aud you know II. You
mean this merely for one step. You mean TO
cut deeper next time. You mean the de-
structiun OF the system which now exists.
Mir. Reed completed bis speech amidst
great applause just before 2 o'clock.
Speaker Carlisle took tho floor, and as he
was recognized there was so outburst OF
hand clappiug and cheering from tbs 1eor
aud the galleries. lie began by replying TO
Reeds charge OF insinceTity. He SAID that
he mig hit retort that il protection was sound
doctrine IL should be carried to ITS logical
enthusiastically prohibtive duties. Ia
China the doctrine carried cut produced its
logical effects. With every resource OF pstu-
raj wealth and frugal, industrious people,
arts, and manufactures wereis their infancy.
We wanted no China here. All taxation was
mn evil and we should endeavor 10 make
trade as free az possible, with the lowest tax
that would afford the necessary revenue.
Mr.. Reed had made ne reference TO the Rc-
tual situation, which made 1t Inperhtiyely
Hecesssry 10 reduce the revenue. ON the
1st of this month there was $13S,000,O00 IN
the Treasury mere than was required 10 meet
all Government Liabilities. 1t was q sum
the frat two wears OF the ceuHtry's life. 1t
had been taken when sOrely needed by the
peope and without iustscation. No
moaarchicai government would dare extort
such y sum In excess OF It's needs. The
effect OF this accumulation was TO en- courage
useless aud extrsvagaBt expenditures with.
out constitutional warrant. The people
almost to tnan were demanding its return
TO them. So long as this policy continued
lsrgess and bounty for purely private pur-
pose would he demanded. IT was said that
we still had z large public debt outstanding,
and that the surplus should be applied to the
purchase OF bonds. As long a. ne had 1t the
surplus Should be so used, BUTT was not
sound policy 10 continue to raise revenue to
buy bonds at n premium. Ia one month the
Secretary OF the Treasury bad purchased
sI3 OOa. 900, for which he paid $3,536,000
above the principal and accrued inte-
rest. This unjust process must 20
on indefinitely unless Congress came
10 the relief and reduced taxation.
lie did not Ineen that every interest should
not be considered in friendly spirit, but
be insisted that the Interests OF many should
rot be subordlnated by the interest OF the
few. Applause Taxation should be dis
tffbuied among all Of The people according
10 tkeir ability 10 paw. Until that was done
we should always be embarrassed In the
effort TO increase or reduce taxes. III the
present measure should fail and disaster come
upon our industries by reason OF oyertaXa-
ton the present vicious system would be
responsible for it. Ro called attention TO the
effect IL past legislation upon the tariff.
The gentleman fron New England predicted
in 1916 that the duties fixed by law OF that
date would ruin their textile industries.
In 1851 all OF the New England mem.
bers voted for still further reduction
Of 20 per cent. from wnst they had called the
rurpouslv low tariff OF 1916. In the free
trade periods, a. The Republicans called the
decade from 1850 10 1860, the wool Inanuiac-
turea product increased 4G per cent. and
wages 81 per cent. [Appsuse.l The ln-
creased product in New England was 62 per
cent. la hosiery the product increased 42l
per cent Iii cotton the product IN New
England increased II per cent. In boots
aad shoes, upon which duty bad been re-
duced lG per cent, the increase In New Eng
land was SO per cent Product In 1850 IN
New England was more than the eniire pro-
duct OF the Union IN 1850. This was what
Republicans from New England had
seen under low tariff. Withiu eleven years
after the passage eli this bill the people OF
New England would vote for still further
reduction, or, II they did not. the people
would seud somebody here who would.
TApplause.l They bad seen vsst material
progress, but they had rot seen the trusts
that throttled the people. They had not
seen thousands OF workmen marching the
streets demanding werk or bread. These
things had grown out OF our hlgh-iarii sys-
TEN. lie quoted Charles Sumner as fsvOring
4 reduction Of the tariff 10 the lowest mca-
sure consistent with the demends Of the
Government, which was, be said, good. cid
fashioned Democratic doctrine. [Appause.l
Yet the duties to-day were two and half
times os much AZ they were when Morrill,
said thrty-ope years sHo they were sut6.
ciept. From 1915 down 10 the end OF
Buchauan'S Administration not bond WIS
sold for less than psr In gold, while mary
were sold at premium. Alter the act OF
1861 was passed the Republican Administra-
ton had sold bonds for 10 per cent. discount.
The credit Of the Government was always
good until the war came on, and free trade
or protection would Rot have saved the bonds
in that time Of war. In view OF the fact
that internal-revenue taxes remained only on
Injuries II was Int fair that any further re-
dnctiou Of taxation should he made upOn the