Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1890-06-07

rsnly. q. we will increase It from - 10 +pet
cent. bu We will give you free aeelns,
Tn blacksmith SAYS. d" want the dNtN re'
durrd on AuNjl>." lGu reply, We VA! ~,
crra>c il from s. TO Il per cut. eGt We WIZ
riye Won free hee>waN," The mechanic
sssy. =. w.ut the duty reduced on hand
saws. You reply. we Will keep II Al ~
per cent. but We viii give fSe buib> ana
hnlbou> roots. not edible The tahortFlh
the field SAYS. - want the duty reduced on
wool hats" You reply. 1--WE VII increase
the duty from 81 to 10 per cent; hWt We
will transfer IN the tree list sand. Farm,
or. blacksmith. mechanic and laborer an
Ssv. we want the duty reduced on btanSe,s.
shoes and clothing" You reply."w We VIII
/ increase 1t from 80 to Ito. from - IN -. ana
from ~ to -; but We will transfer To- 'ae
Tree lis, red earth. tar. aud briar root,
This il the style in which the ~kepuhheaN>
propose TO NEE, the farmers IN Their lus'
demand for tariff reduction and reforna-
ton. and when " Ell Say Nc because | am
one OF them-ask Tor bread you give Us a
Stone ;whcu we ask for tsh You give us a
serpept Ia order to show what the farmer
pavs in the way Of tariff on such goods as
/ he ordiharily uses, | here insert = list, care
fully prepared by Hon. {. +. Breckinrldse,
Of Arkansas, taken from the books OF an
Arkansas merchant who sold the goods to q
farmer,
Here follows an account for merchapd-
Use, such as /, generally used in A southern
farmers house, to the amount of Slol.a, on
which the duty was sSSS.l
This /. a typical southern ease aud. omit
ting two or three articles, would represent
the Northern and Western farmer a well.
Could any presentation of the tarlrf ques-
Z -. ~ - tl.a 4. N. in lnnsf.F fDlla. or
contain m argument more potentale
II this bill should become 4 law this taN
of S.si,Si on Sl0l,D worth of merchandise
will be considerably increased. The tax on
the cashmere suit will b. raised from 81 10
y ner cent. on the wool bats from 81 TO no
per cent. on the hrogans from - to - per
cent, and on knives aud forks and several
other articles in this list an increase in Ike
ratio may lie found.
You also attempt to deceive the farmers
by declaring you have protected them from
foreign competition by an import daty on
horses. mules. beef cattle. cows. sheep, hogs
wheat. corn, oats. rye, buckwheat and po-
tatoes. Now. let US see what this amounts
TO as far as protection 10 farmers Is con-
cerued. To illustrate, | will borrow some
statistics from i table complied by o I.
+. O'Ferrall. of Va. whose courageous and
unfaysing devotion to the rights and inter-
e.ts OF his constituents furnishes an exam.
pie | iain would follow. lie says:
Taking the importation of the above
named animals, for 1859. and our statistics
OF the census OF 1880 IS y basis, the fact Is
revealed that only 3 horses in 1000. | steer
or mich COW in 1850. and . hogs in lu.e1
were imported into this country in lSS9 Of
wheat 1 bushels in LEGO, 900. of corn ]. hu.
in 100000. OF oats 3 bu. in 100000. Of POI
ta,oes It bu. in 1900, OF rye I Of 4 bu. in
100000. and 5 bu. Of buckwheat in l,00.
Every 1000 American mouths masticated !
pounds foreign bacon, 5. pounds foreign
beef. mutton and pork. y pounds of foreign
poultry. aud such American mouths ate 3
foreign eggs. Every 500 ate : pounds OF
foreign butter. Each American ate ) OF, OF
foreign cheese, and every 1850 American
mouth. were sweetened with l gallon OF
foreign honey"
Was ever humbug more apparent: Can
the Republican party logger attudinize ~
the friend Of the farmer, or will the farmer
be eouteut with the shadow while the man.
ufacturer enjoys the substance Of protec-
ton: This character Of legislation is in
perfect accord with your a~ntecedents for
The last twenty-five years-always against
the poor and In favor Of the rich.
AMER the close OF the civil war in April.
1855. with o restored Union. the people OF
the North and South addressed themselves
to the arts Of peace. As one OF the results
Of the war. 4 debt Of about S3.O0p,01.G0
was laid upon the country, consisting o. ill.,
terest aud nOn-intereSt bearing obligations.
About one billion five hundred millions Of
this amount was in circulation without en-
barassment to the Government and 10 the
great prosperity Of the people, aud be it re.
memhcred that 10 gold or silver was in cir-
cuiatiou at this period. The interest bear
ing notes, v~ariou.ly estimated from twelve
to fifteen hundred millions, with the green
back, and national-hank bills. constituted
the currency Of the nation. In 1895 green
backs had risen from s. to Il per Ct. meas
ured BY gold value. ard this appreciation OF
greeubacks obtained at a time when there
was more paper money in circulation than
at any time in the history OF the govern
ment. namely. So 10 per capita.
The increase in the Volume OF manllflc-
ture and trade. accelerated by the r~estora-
ton Of the Union, receiving large contribu-
tions from the South. which. up TO a short
time before ihi, period was ~uusupplied with
currency, demanded this amount a. circu-
lating medium. Atthis time anne the bank.
ers and capitalists. who engaged 10 \ man.
ipulation Of the finance. Of the Govern
ment that entailed bankruptcy and wretch.
edness upon millions OF our people for the
still further enrichment and aggrandize.
ment Of few bankers and bondholders.
What great service had these few men
rendered the Government that they should
be made millionaires by q wicked scheme
to contract the currency and ruin the peo'
pie: During the Governments direst ne
c~essities in the war period, did they con
forward with their silver and gold TO pur
chase United states bonds; No. sirs. they
did not. Up to the day Of Gen. Lees sur
render not a single dollar in gold or silver
was subscribed or paid by any banker OIL
capitalist either in Europe or America for
! bond Of the United states'
The economic history Of this country fur
nisles no parallel TO this enormous crime
: against the industries Of 4 helpless and con
: iding people. Not content with fuudin.
this vast sum, twelve hundred million dol
| iars, Congress in April, ls1j. permitted the
/ Secretary Of the Treasury to still furthel
, contract the circulating medium by burn
! ing $500, 90 In greenbacks each month";
This continued until Feb. 4. 1868, when III,
lamentations Of the people reached the ear
Of Congressman, and a law was passed for
bidding 4 further reduction Of the curren
. cy by this method.
About this time, 1865, considerable dis
cussion arose in the press Of the country Al
e TO the currency in which the United State
n bonds should be redeemed.
The original contract contemplated the pay
ment Of the bonds in lawful money, wheth
, er paper or coin. In support Of this view
d Of the case | quote from a speech deliyere,
J. in the Senate In Feb. 81 by John Sherman
Equity and justice are amply satisfied
G We redeem these bonds at the end Of fy,
II years In the same kind Of money OF tn
= same intrinsic value IT bore at the time the,
were were issued. . Senators mr.
Ie sometimes In the habit Of saying this Il re
It pudiation. Why, sir. every citizen Of tn
u. s.. has conformed his business to the le
BARTENDER clause. He has collected an
paid his debts accordingly"
Sen. o. 7. Morton said:
- "We should DO foul injustice 10 the Go,
IL vrnment and TO the people OF the L.. s., 4
II. after we have sold these bonds on an ayel
age for not more than &C cents on the do
NJ lar, now TO propose 70 make a new contra,
Or for the benet. Of bondholjers."
Il. tMr. Lewis also quoted from speeches {
:. b. 7. Wade and Thaddeus Stevens who e,
- pressed views similar 10 the abovc.1
In 1870 Congress passed a funding bi
which authorized the sale or exchange
on par Tor other bonds OF fifteen hundred mi
~ lions OF interest bearing bonds. to run lei
twenty, and thirty years, with interest an
III principal payable In com.
H. Soon after this the closing act in this n
1t" tional tragedy was performed. Feb. II. .
r.. Congress passed an act dropping the stan
ara silver dollar from our coinage, and