Indian chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1882-1902, 1890-05-15

the diminished price. The fayorite as
sault OF the Democratic free trader and
revenue tariff reformer was 10 parade
this high per contaRo and nd valorem
equivalent TO show the enormous burden
OF taxation imposed upon the people.
When steel rails were Sl00 ton there
was On equivalent ad valorem duty upon
them OF 2s per cent, but the very in
slant the price OF steel rails had been re-
duced to $50 a ton, beceuse of this
duty Of 2S per cent, which had
induced manufacturers 10 engage
in that business, tho ad valorem
equivalent went up TO SO per cent The
Democrats looked at the per cent, the
Republicans looked at the prices. The
Republicans would rather have steel
rails at $50 per ton and an ad yalorem OF
30 per cent. than steel rails at S100 ton
and an ad yalorem OF 2S per cent. The
Democrats pursued the shadow; the Re-
publ cans enjoyed the substance. APP
plause. Tho Democrats would rather
have low ad yalorem equivalents and high
prices than high ad valorem equivalents
and low prices. What was the complaint
against the bill? Was it that it would
stop expectation and interiors with for
eign markets? The foreign markets were
as accessible under the bill as under exist
ing law They were as accessible under
the bill as they would DO under abso-
Lutte free trade The committee would
encourage foreign trade and sustain
II, but what pecu liar sanctity hung
about the foreign market that did not
attach TO the domestic market? Was
the foreign consumer better consumer
than the American consumer? Was not
the American consumer a better con-
sumer, and therefore better customer
for the American consumer?
Under the system Of revenue tariff,
Mr.. Mckinley declared, this Nation
bought more abroad than ii sold and
paid the balance in gold-an unearthly
state OF affairs. The organized opposi-
tion to the bill came from theconsignees
here and the consignors and merchants
abroad. Why? Because it would check
their business. The press OF other
countries had condemned the bill Why?
Because it worked against them. This
American interests. Much had been
said about foreign trade and com
merce and vast domestic commerce
has been ignored. What would it boot 1t
that the productof the great West found
their markets in New York and Chi
cago rather than in Europe? Why pass
over tho best market Of the world the |
Home market? Notwithstanding all OF |
these croakings, however, the Amer.- |
cans were now exporting more products /
than at any time in their history.
Americas exports had increased S5 per
cent more than the exports from free |
trade Great Britain. While Great I
Britain had between 1870 and 1880 lost I
10 per cent, of her commerce, the United /
States had gained - per cent. and with /
the same aid to shipping that Great /
Britain gave, the ships Of the United I
States would plow every sea under /
competition with the ships OF the I
world. Applause. On tho Atlantic
coast this year would be produced
100, 600 tons Of shipping, built by Amer
lean workmen OF American material. I
This Nation had enjoyed twenty-nine
years of continuous protection the
longest period s.nce the foundation of
the Goyernment-an found itself in
greater prosperity than at any other
time. In the arts and sciences, in
wealth, in National honor, the country
was at the front. In 1860, after fourteen
years Of revenue tariff, the country was
In state Of depression with neither
money nor credit. 1t had both now and
had a surplus revenue. Under tho Nor
ril tariff confidence was restored
and courage terminated. With
great war on hand, with money flowing
into the treasury to save the Govern
ment, industries were springing up on
every hand under the benehcent influ-
ence of protection. The accumulations
Of the working classes had increased
and their deposits in savings banks ex-
ceeded those Of the working class Of any
other country. The public debt Of the
United States per capita was less than
that OF any Nation OF the world Yet
men were found TO talk about the re-
straints we put upon trade. The great {
ast good TO the greatest number, the
largest opportunity for human endeayor, |
we're the maxims upon which the pro- {
iective system rested. lApplausel.