Los Cerrillos rustler. (Cerrillos, N.M.) 188?-1891, 1890-11-07


ne h hEslnsf nstanatisa.
DuxIiEM Oct sa-Mr Gladstone
arrived In this city yesterday and vas
met az the station By the provost and
the Council An immense thronE %
people surrounded the station and cx-
tended Tar along the approaches theroto
Ga arriving az the city hall Mr. Glad
stone was conducted 10 the Council
chamber and there presented with tho
freedom Of the city Of Dundee. the
parchment being Enclosed In a silver
casket Of elegant design and skillful
workmanship When the ceremon-
les AZ the city hall were completed
Mr. Gladstone aud his hosts re-entered
their carriages and were escorted 10 the
art exhibition
Mr. Gladstone was promptly intro
duced 10 the eager throng and at onco
commenced the delivery Of his speech
In opening the exhibit on. The speech
wa an exhaustive and able dissertation
on political economy In referring 70
the Mckinley Tariff bill, Mr.. Gladstone
sa d that while be recognized the fact
that the commerce Of Dundee was seri-
ously threatened by the enactment OF
that measure into Law he would not
bring railing accusations against the
people OF the United States While IL
was true that the enforcement by the
Americans OF a protective policy might
cause incidental and collateral injury 20
the trade and commerce Of other coun-
tries, IL was none the less true that IL
would eventually iniict far greater in
jury TO the material interests OF the
country adopting it
There were people, the speaker con-
tinued, who believed that the IN furious
effects Of protection were chiefly in the
countries dealing with the protected
country. That was n fundamental mis-
take. There might be a deal OF dis
turbance and sven Generalization in
trade, but Il was not true at any time
hat the trade Of any country on
earth could interfere seriously with
the prosperity of Great Brit
ain. Surprising there were twenty
great markets In the world and in one
a stringent protective measure like the
Mckinley law was passed In that case
doubtless the first effect would be to in
jure England and TO restrict dealings
But a larger and wider effect would be
to raise the standard Of prices undor
protection. This meant diminished
power OF expectation. Therefore, while
England was injured in this market it
was benefited in the rost
France and Germany, Mr.. Gladstone
said, threatened retaliation. England
should not be led into such suicidal
folly. lCheers There were still cap
ital and plenty Of resources in this
great country to hold and keep It's place
In the markets OF the world.
The operation Of tho Mckinley tariff.
the speaker declared, might not disturb
trade SO much rs some expected.
America must get paid for her exports
to England and must take payment
either In British manufactures or in
foreign or colonial goods through En-
glish markets. One effect OF the Nc
kinley tariff would be TO direct the
attention of the British manufacturers
towards the productions of finer classes
Of goods, because these bore
the least intolerable protective
IAAfs lht ItnNAh Nhhlu ht 10 tAt-
vate and improve the taste Of British
manufacturers to spun them on and to
stimulate their ingenuity. Cheers
Tho probable tendency produced by
tariff among the Americans would be
toward the manufacture OF coarser
goods, thus degrading their productions,
whilst the English improved theirs.
Although America had gone on tight
ening her protective system she had
not lessened English trade, in proof Of
which statement he quoted statistics.
Continuing, Mr.. Gladstone sad hat
in spite OF protection commerce between
America and Great Britain had rapidly
and generally increased. The expert
nee of the past ought to dispel alarms
that the Mckinley law would effect
material injury. The harm to English
commerce would be fractional compared
with that done to the people of the pro-
teeted country. The word protection
was q misnomer. Ii ought TO be or
preston. 1t was a delusion and a fraud.
America was the country that could
best afford to try this strange and
astonishing experiment Her natural
wealth, soil, minerals and immense ter
ritory made her a world in herself.
With the vast amount of free trade
within herself, nothing could interfere.
The possession of these enormous adj
vantages helped to disguise the truth
from American resources, but the adop-
tion Of the Mckinley law would involve
q fearful waste OF resources by which
her people ought to be made strong and
happy. CHEERS lie advised that En-
gland should not complain so much of
injury to itself; first, because 10 was
impolltic, and next because 1t would