, 1888-05-24

duties were raised, she bought eight million
hundred-weight OF British metals and paid
therefor thirty millions of dollars, she got
the same quantity in 1884 and paid only
seventeen millions for IL. Austria. Ger
many, Italy, Mexico.and the Dominion of
Canada, that child of Britain herself, had
joined in the array of protection. Continu
ing Reed said: But for the revenue re-
form orator, the monopoly Is terrible. This
Is theme on which he can take up the
notes of the dying swan. How we do love
to hear him on the Impoverished farmer.
Then he is not sublime, but he is pathetic.
great i heard him first ten years ago To
me, innocent and untravel lied, Ii seemed as
IL the western farmer was the most woe
begone. down-trodden, luckless, unsuccess-
full
DIsPIRITED DEVIL
AS Speaker Carlisle asked for recognition
on the face of the earth. The eastern vam-
pire had mortgaged his farm and thrown
his fences down and scattered his sub.
stance wahtonly to the winds. In the full
ness of time travelled west myself You
may we'll imagine my astonshment, who
had never seen ten acres together In corn,
to behold fields of that great staple stretch
ing away to the horizons edge; to see
tracts of land which seemed to have no
boundaries visible but the sky-land so
rich that If we had an acre of it i'm Maine,
we could have sold it by the bushel, while
on every side were great brick houses, such
After some days of this became sulky. /
said "Gentlemen, OF course we have robbed
you your congress men would not lie about
tri1es like that. But what disgusts me Is.
that we did not do it more thoroughly"
In conclusion Reed spoke elOquently OF
the growth and prosperity of the country
under wise protection. Reed finished at
1:l5, and was greeted with enthusiastic
applause, in which the gallery loudly
Joined.
Reed, during the course of his remarks,
was frequently interrupted with laughter
and applause. When he resumed his sea the
was greeted with round after round OF APP
plause, and was the recipient OF Wany
hearty congratulations from his part col.
leagues, who clustered around and warmly
grasped his hand
Speaker Carlisle then rose to reply.
storm of enthusiasm broke out, and it was
some moments before he could proceed.
Carlisle began by replying to Reeds charge
Of insincerty He said that he might re-
tort that II protection was sound doctripe
IL should be carried to its logical conclu-
sion of totally prohibitive duties. In China
the doctrine carried out had produced its
logical effects; with every resource OF nat
ural wealth, and a frugal, industrious peo-
people, arts and manufactures were in their
infancy. We wanted no China here all
taxation was an evil, and we should
endeavor to make trade as free as possible
with
THE LOWEST TAX
that would afford necessary revenues.
Reed had made no reference to the actual
situation, which made it imperatively
necessary to reduce revenue. On the first
of this month there was Sl36 600, 900 in the
treasury more than was required to meet
all govern nent liabilities. No monarchal
government would dare extort suct IA sum
in excess of it's needs. The effect of this
accumulation was to encourage useless and
ytr.,y nj al | titra IN
People almost to man were demanding
its return to them. We still have large
public debt outstanding, but it is not
SOUND POLICY TO CONTINUE
to raise revenue to buy bonds az a prem
ium. In one month the secretary had pur-
chased $l3, 900, 600 worth ofbonds for which
he had paid $3, ,53G 600 above the principal
and the accruedinterest. This unjust pro-
cess must go on indefinitely unless con-
gress came to their relief and reduced tax
alton. ii g did not mean that every inter-
est should be considered in a friendly spirit,
but he insisted that the interests uf the
many should not be esubordinated to the
interest of the few. [Applluse.1 Taxation
should be distributed among the people
according 10 their ability to pay it; until
that WAS done we should always be embar
rassed in the effort to increase or reduce
taxes. If the present measure sh ould fall
and disaster come upon our industries by
| reason OF over taxation, tne present VICIOUS
system would be responsible for it.
CARLISLE SPOKE OF
| the increase of manufactures during the
| so called free trade period between 1850 and
| go, and said people were in favor of legis
| lation that would bring it about again. He
went on TO say that trusts aud hard times
| were the outgrowth of II high tariff system.
| Continuing, Carlisle said; 'In view OF the
| fact that the internal revenue taxes remain
| only on luxures, it is but fair that any far
| ther taxation should be made upon neces-
sites, but recognizing the difference of
| opinion upon that suject, the committee
had dealt with both subjects. He would
have hesitated to
VOTE FOR THE BILL
| If he believed it would result in the de-
struction of a single industry; but he de-
lieved it would benefit all of them" Quo
| ting John Sherman, he said that the time
| had come when the pledge implied by the
act of 1864 should be redeemed. Labor did
| not fear competition with the pauper labor
of Europe. but did fear the creation of our