The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1890-11-11
PLAIN TALKS FOR PLAIN PEG
PLE--THE TARIFF.
From a Reformer's Standpoint.
OLD FOGY.
= No 5

adjusted that the n6CeSSarles or IL e
will. if manufactured, be placed on
the free list. On manufactured neces
sites, let the tax be not above 70 per
cent Let The standard list embrace
all goods or products, raw or manu-
featured, that we produce u manu-
factlre in. this country, exclusive Of
necessities or luxuries) and all ar
ticirs on this list to average 30 l3
per cent. On all products Of LABOR,
raw OF manufactured, thai ar not
aids .. LABOR, either in shop or field,
and all luxuries make the rate rom
100 to 200 per centum.
On this schedule | would Otfe" a
great premium to skill and labor, as
W.! as capital. Vita the decrease of
tarlf on such articles as are n C in
mon use by the PLAIN people,, would
U increased importatious In
creased imp0rtations, even at lower
rates. means a greater revenue-more
surplus in the Treasury
There was a time when public in
pruvemeDt could return to the people,
CDlkI+1 ISguIu lOI I'll CUloL1OLr JtiI 4C
ceipts Of the Treasury to the people.
We are now paying to foreign cap
Italis.s almost all Of oar gold produc-
ton n interest on < varnment and
railroads bonds and stocks, 4Ht a. the
present rate Of Increas. al foreign
s~yndlcates, our entire projyct Of gold
and much Of our silver wit oe o
sume3 by 1900.
These conditions, with jL~ blame
Of ira le against Us, would take the
eutlre products of our MINIS AMI leave
US al the mercy OF the great p Fe"s
81 Europe.
Recently, newspapers thai nav an
tag3uized the SUB Treasury bill have
1eralded the news thai English CAPT
talst would loan $50 per bale on
1000 900 bales Of cotton, and they
have said this was better than the
Su0 Treasury bill, although the same
objects we're in view. THIS plan would
take out from our country in gold or
its equivalent, $4,000 900, whereas
under the Sub Treasury all that would
remain ia u country.
To avoid the danger u country is
exposed TO in being drained of its
gold and silver, let Congress make it
one Of the conditions of import that
the importer must bring the coin of
the country from which the importa
ton IS made, or its equivalent in EUi
Lon to pay to our government The
-e~J.y fEed on the goods Imported,
The coin or bullion to be covered into
tie Treasury permanently, IN I ceri6
Gates issued against it.
The result would be to stop cur
coin from going abroad, and if i'm
portation continued We would eXnaus5
the supply Of coin or bullion OF the
exporting countries.
II importation was prevented 10
order to retain Their gold and silver,
our manufactures would increase,
greater demands for labor would fol
low. and the investors IN our railroad,
express, telegraph, bre very and eIe
vatOr companies would be forced 10
accept the same currency we used
paper Tor the United States would
be custodian of all money metals
coined or uncoined. Oar paper cur
reucy, if not receivable abroad, would
be used to buy our products to ship
so other countries. This would IN.
crease demand and prices.
If tae amount of foreign capital in
vested IN this country amounts to two
billions Of dollars lit is so stately the
interest, if averaging 6 per centum
would mount to I2O millions of dol
lars yearly. Buying more abroad
than we sell, it will readily be seen
why 1t is that the vast accumuIat.ons
Of goll coin for half a century is
nearly gone.
Some system must be devised to
prevent our coin from going into for
eign Golfers, or We will soon have
none. Let Congress protect the
farmer by giving the people as many
dollars per capita as it imposes tax
per hundre dollars, on imports. We
can protect labor by Iessening compe
tition. To do that we have proposed
restrictions on immigration. We can
increase prices of laoor and products
Of labor Dy augmenting the volume Of
currency in use.
We, taen, a retain the vast values
which the commercial world attach to
the money metal, for defence.
IL is we'll understood that a full
National Treasury is one of the best
securities for peace that can be pro.
vided Thus We would protect the
laborer, the farmer, the manufactures
and the nation against the pauper
labor of Europe that depresses its
price; we would increase our home
demand and augment prices Of our
farm products by increasing the cur,
rency Of our country; we would pro
tect our manufacturers by in ere asIng
tariff duties on luxuries, and protect
H.