Oxford Democrat. [volume] (Paris, Me.) 1833-1933, 1890-02-11


tain incrcs--i her maisrisl wealth leyond AL
tf-n~isnt In The commercial history q the
~orh Finally, vith q vast capital accuma.
lai.i. with . low rate 20 Interest establish
ei. AMI With q manufacturing power uns-
quals.l, th. British merchants ~ers r~sdy h
abisrbii al rival. in ssssing for the trs'is u
the wull
A. that moment Grsai britain had ressOu
10 fssl saprrnisly con,snt The irsf'ie u the
~orll sssu~i pru~y.s.iiysly In h~r conirll
Coali this coRiition % trade have continued,
no e~iimais ot the grovth % EnglaDis
wealth soali h. Is-~ihla
hut Englani wss dsualing With an mislll
s.ncs sslual 81 her own The American
IsoTla hal. by rsT.st~i ery-rlsnns. lssrBei
that the Isriols q dstrv-.ioa Ia hons manu-
fac,urv- scfo tho. In which Englani usosf
pru-J.rel In her commercial relations with
the unitsi stats. AMI that thc-s periods u
dsVry--ion hal. sith single srcepiiun,
easliy explained, follosel the easctineut by
cagrcss q q fr-e trade tariff. a. certainly a.
sf-rt folloss osa-, one - the INST Suggest.
i've etI.rinisuts q that sin,l hal its origin In
The tafiif b. which have just refcrr'si, pAs--i
Ia lss6 in apparvut harIDony vith EngiAnis
ns.ly doclArei nnAncal policy. AZ that
momeut a sIuthern pre,idsnt Mr. IolAl snt
q southern secretary q the truAs'y Mr.
I.0l.fi ] WAlken sore Tar more interested
IN stIsanilng The ara q Save territory than
In Alyancing homs manufsrtafss. AMI ~ere
especially sagrr tn make commercial st
chanss- sith Euruts oa the s1msshat diffl
cult ta.i. ~ c0tion At high prios- AMI return
Ing fabsios At los pr1o-S
Uuder culinary circunIstancss ths frpe
trals tariff q 1870 woui have promptly
fallen unlsf IupalAr rvprlhaiiln ant l-"n
dcJmoi b. sse,iy rpI-al Bui u hal q sngu
lar history anil for time sas generally a.
quis-.,s,l In. even attaining la many s-ctious
cvriain isgrs. u popularity. Neycr dii any
other tariff met slth - many ani - grsat
shis n an sdventitlous character b. susisin %
a. al thi. snactn.snt u 80 California;
goLl, our var sith Msticp ani the Crnsnn
wH The export a manufactufvs from Eng
iani anil Frame was stecks,l. "a. hrvaisiuffs
u Ra..ia vero blorka,is.l ani suui not rr..ch
ibs markets q the sufii An ettrso oriinary
stimulus AS thus given o. ail lorms u tra.ls
In ths unitei STATS For tsu years-ls'S b.
IsiS-the-s aiveniitl0us ais cams ia regular
SUCCESSION anI sIsrtsl their poserful iufu
enc upun tbs pru-t-riiy ~ tbs country.
TIE witllrasal 30 termination ~ th~-s
lnru-uc.s. by q tr,aty - Ts.sos IN Europa
AMI by ihs surosa-s n Enli from California,
br0ughi stis-prvai hnsnrial fanic. -hich
invoiv~i th- ruin ~ th1uaani,. ,nciuiing
pO,1riiaAisly q. mAay IN tbs sDuih =. Il
he noTtA
ArsAic, u,s nan .HPiE ENruuEscE
Tho Amsrioan t-rJpis hal tvios b-for.
rss..i thruugh q SIMILAR srr-fience ca
ths eve - tn ~ar - isi2. c1ngrv-. gaAri>l
tn national strength By saacling q highly
protective tArif By ~ osn terms thu
nrif must col With the sar When Tie
nss ar.f sas % D. f1ruisl, = popuiar cry
aF,--a against var dati.s. though The c0un-
try hai pfu-g.rrl under them ds-gite the
sthanstihg siiect q the struggle With Great
BriiAln Bgt Tho prayer u the I.sepls "a.
answered. anil ne ~ar datiss -srs dropp~i
frum ths tArin = isi6 rhs busiB~~ q the
country ua. sg-~illy pruatraisL Ths T-o-
pls sers sslu r~luc.,i % - great distress ..
Ia that u,sl.nrholy T-riei bst~-.n the cl'-s
u th. Hsyoluti1aary sAr Anl the organlfs.
tl0a q the uAtionsl xovrrnnsnt-lsS ~
IGs0
Relief came al lAs, wtih the eascimeni q
the trois.tivs tArif q iSlt. D. The support u
which lsAiing men u b1th Tartiss psirioiio-
ally unitsl f0r the s,lnnon scpi That act,
supplemented by the at q -, brought
genuine pf,-I.rity D. tue country
S..rtinnAl i.Aiogsy sui partisan ts.al o0ali
~, endure The grvat dsyslopmsni ~ manu-
faetar,- in the north Ani essi which ioll0sei
the apfarvEtiy drm s~tNhlishuisni q ths pro
tsrtive Is,liry Out q this strange cumplia
tloa cams ths sscrifir- - the proisrtivs tArtf
u issl - An.l the Substitution q tn com
pruul-s tAriff q ISL, which s-iahlishssl an si
vAlrvm duty % ~ 90 CENT GA AL impprtA
AnI rcinc..i the stcs-s over thai by ~ Isf
o.nt annual sllllng -,als fos The ensuing to-
years
Tbs apprehension % eyli -ron b-osms gca.
sfal. pubic olnhlsncs sN shAksn. tho paniC
q INI5 enals.l, And busins-s rsverssl ssrs
rapll. general ani devastating Th-re "a
m re,.si to ths p-opls until the prots-'tiVs
tarf q $50 was enAct.i, Ani then ths
b-osdcent otIsrienc, q is21 ~as repeated ou
even a m1rs extensive sala Prosperity
wkls AnI general. vas az oaos restored
Daring this long I-riSi frcs trais tArif
wsr, thr.c. followed b. Industrial stAgnA
ti1n. by flnanciAl embarrassment, by disirss
among all class deIsnient for sat~isienc'
uran tlisir own lai-r. Thrice were thss-
barl.ns ryn1vci by tbs enActmsnt q q pro
t-rtiys tArf. Thrcs the prOtsct,s tArii
prnmIlly ~ 10 Industrial activity, b. hnan
cial ea-s. " pr,-Isrity amung ths I.,opie.
II .trus that financial Tanic u-,rgrr~l Ia
is.1. AMI iis etisioncs wpui blunt tbs force
| q my Arguusnt N thsru wcr, MT an tmIsra
lively truthful say % ac,ounting for it A. {
distinct r,-alt from entirely distinct Gauss
TI,s civil sAr, which cio-si la lssl,, hal sac
na.S.i Ca 10Th slis- vast amount u prop
| srty. Ilsck1ning tho mlney dinvcuy sK
Irudel, the value q pruisrty Destroyed an
the pfUluction arre-i@i ani preycntsi, III
total 1. sstimstoi az t9pl,OO,0n
.MEKICAs GROWTH siNcr lslo
SOisithsianiiug the evil prvpb.riss o.
18th dies, the panic iii Mt cOms until eigh
ani a half yu,r, after The iiring u the lAs
gun In the ciyil sar Nor dii u coms until
after tso great oalamiiis- in the years imme
Iiatsly pfsc.-ilhg hal cau-~i the srp-ndi
,ure u more than tcD.oDoo, suddsnll
wiihdrasn from tie ordinary channels d
lasihs-~. The rapid AMI extensive rrbuiliin.
In Chlcaso AMI Bd-tsn after the dssiructiv'
trs. u is5l anil is5! hal q clo-sr connertiot
With the panic of is'3 than h oommonll
thought san further. the an year' de
prrsslon, from is53 to Tsp involvsi iniiNhi
ual suffering rather than gvnerAl distr~~
TIE country asa whole never A.ivaEoel Il
wealth morc rapidly than during that period
yiesing the c0untry from l-5l to ls,J-
fsli tweuty-sisht ycars-ths longssi undis
tgrtsi t-rioi In which either priectiou o.
fre. trals has b.en trial IN this oOuniry.
| ask Mr Gla.lstone u q parallel can lr foun'
to the material alyanccmsnt - the uniie'
Stats
In isdO the population q, the United Stats
"a. In roani numl.rs si0o.oo ~ th'
sane time the pOpalliion u ths Unitci King
don, uas In rOunI numl-r. o,0o,nn n
the sni % treuty years lsst, u appsar~
that the Unitel stats aii~i n-arly 1O.oD,
| 0D.UD to hsr wealth, while tbs United King
dom had aiiei nearly ti5.OOloD,u0, u
about oue-hAlL The Unitsi Kingdom ha,
aii-i d,uD.Oo to her popalaiion during th'
| rsrisi q t~eniy years. While the addition Z
| the Unit.l Stats excccici is,pD,uo
In is0 the average wealth. psr capita, o
the Unit~i Kingdom sas si 90. while In th
Uniisi stats. u ws. bat $40 Ia ls>o th
Unltei Kingdom hal her pc capiil
wealth IA si I'D, while the United stNiss hs.
iDcr~si her psr capita wealth ts'o III
initial Kingdom had In t~cnty years In
crcA-ri her pr capita wealth - pr cent
~hlls the Cnltai Stats bal increa-ei her IL
capita wealth more than vi psr osnt IL a
| losanoe shouli t-s made for war lo~ss. th
ratio Of gain Ia the Unitei statss would "a
erc-si loo pr cent
uov rROrECTIO> HAS LowkRxD fnicn