Telegram-herald., 1890-10-15


Al once s1.9ll.h tnls asFset system ~
t4xzt.ol, kll1 Congress responded ~
tAa1 pubic selElleat thfo0g gao4t TIE
country I'D PED cat al Lnooe LS1es,
allowing tnSA4 % TSIs4.a oniy 0poa
/ spiK s 2nd tobacco. - | say, tnzI the
T public sensla8eat 0f this country would
not permit u - raise So. 90 80 ~
dollars annually. ~ t4x.ns our % ~
/ people, their occupations and tneir efti-
I pioyment. Ald - tae Only other nsois
I Ot raising tbs ysst sum OF money = ~
I that indirect sgsten Of taSxtion called
t4ri1, b imposing taxes, or tLriCs, Or
duties upon Tue products of 0sner
ustl0as s~Sklns market in the nlse4
I states Both pOil ltc4i parties, tbs Deln0-
cratic aud tie nepuD..c4n are sutstan-
/ tally one, ~ declaring that tue bulk "
this vast sum OF money, required Tor
/ public purposes. shall Oe rAisrl o. m-
/ posing taglrts upon foreign products.
/ which seek = market among our people.
+ Up I'd that point, nv fellow citizens.
/ both parties agree. At that point tile
/ two parties DIVIDE. They divide upon
tns principle, upon which THESE dates
shall De iey.ed upon foreign products.
T the Dem crate party insisting that
4 these tariffs upon fOreign products
shall be levied With a view 10 revenue,
and 10 revenue only, excluding trom
i their consideration. excluding trJH
/ their object and purpose and having no
I concern about, the occupations oi our
/ people. having no concern about the
encouragement and preservation
/ OF our industries aud the
I internal development of the country.
! insisting that the tariffs shall be 50 lev
/ led upon foreign products, rs tO secure
/ the largest amount OF revenue with the
! smallest rate OF taxation. On the other
hand, the Republican party insists tnat
/ these tariffs shall be LEVIED upoD what
IS known a. the protective system.
which shall have IN view. not only the
snbjeet OF money that is gong into the
treasury, but shall nave IN view, at the
same time, the encouragement OF our
own people IN their chosen occupations.
and the encouragement of internal de-
/ yeiopem, n, from one end of this coun-
/ try TO the other. prolonged cheers.
need not advise TINS intelligent audi
ence what they already know, that to
/ levy duties upon the revenue principle,
! ana the revenue principle only, where
/ by you will secure the largest yolune
| OF revenue from tine smallest rate OF
taxation, from the lowest duty. you
must put your duties and your tariffs
/ upon those articles of foreign produc-
/ ton, the like OF which cannot be pro-
/ duced In the United States. You must
| make them bear the burden, you must
make them carry the load, because, if
1t is revenue and revenue only that
you are seeking, you will get more
revenue with small duty, upon a non
competing foreign product, than you
would get upon Like duty, upon 4 for
| elgn competing product. And the rea-
son for that Is this: AS to those ar
ticles which We cannot produce in the
| United states and which we must have
and, therefore, must go abroad and
buy, any duty, however insignificant,
Will produce large sums of money 10
| the government, because importations
lie at the foundation of revenue. You
must have mportations, or yo1 cannot
have revenue; and you have larger inn
| portatIons of the things we cannot pro-
duce IN the United States than we
have of the things we do pro-
duce IN the United states. Take the
articles tea and coffee. We cannot pro-
duCe either the one or the other IN this
country and we must GO abroad and
buy them. Take the item of sugar. We
produce in this country per cent. of
the sugar we consume; ~ per cent.
of 1t comes from abroad. Every tax on
sugar and every mlEImum duty viii
produce large revenues to the public
treasury; because We must have large
imports from the other side to meet the
wants OF the American people. | say a
revenue tariff policy should first levy
| the tax upon the non-conpeting
foreign products, all products the like
of which we cannot or do not produce
IN the United States; and then a revenue
tariff policy would put the duty 30 low
upon the competing foreign product,
that is the product from abroad the
like of which we can produce at home
as to invite and encourage Importahons
of that character of goods from the
other side. The Democratic policy
would make the tariff so low, upon
| fOreIgn goods that compete with Ameri-
! can goods, as TO make 1t, IN the ludg-
ment OF the American people, more
| profitable to 20 abroad and buy the
| foreign product, tnan To buy the pro-
| duct produced at home; and with the
| low duty TO encourage importation, you
| would put more money mo the public
/ treasury, with very low duty upon
the non-comDetlng foreign product,
than you would put into tne treasury
with very high duty upon the COM
| peting foreiga product.
Now, the policv of the Republics n
party Is To levy these duties first, upon
/ the foreign products which compete
/ A e,
I make the duties high enough, having
I IN view not only public revenue. but
| having IN view slso the building I'D of
/ great industries ID the United states
/ and securing industrial Independence
to our own people Tch-ersl TO pat t, e
/ duty upon the competing foreign pro-
/ ducts, the product which competes with
| the product made st nome, and 10
make the duty high enough to be an
! advantage 70 our own industries. aud
| always to remember to make il high
| enough 20 fully Offset the 4 ference
I between the price paid labor in Europe
| and the price paid labor in America.
! Long continued cheers
\ Now, let me illustrate this a little
/ further, for thus y the most important
\ question n these United states. - far
- bD--tbis, W NHDNHl NnueTsf2DU the
/ exact difference between the Demo
cratic tariff policy and the Republican
I tariff policy. Take that tumbler for
I example. That = made la the United
I states. The duty on it. under A Re-
I publican protective tariff bill. = 50 per
/ cent. Every dollars worth Of that
I Kind of ware, thai comes from auv
other country Of the world. every dol
Z lars worth has 10 pay 90 cents INTO the