The Maryville times. (Maryville, Tenn.) 1884-1944, 1890-01-29

AAR'AsO0 80 @ONt
thirty-four cents per pound in gold.
At the present time (lSSY Ameri-
can steel for locomotive tires, of as
good quality as the English steel
formerly imported, is furnished at
four and three quarter cents per
pound and delivered free of cost at
the point where the locomotive are
manufacturer.
These illustrations might be in
definitely multiplied. In woolens,
in cotton, in leather fabrics in glass,
in products of lead, of brass, of cop
per; indeed in the whole round Of
manufactures, it will be found that
protection has brought down the
price from the rate charged by the
importers before protection had
built up the competing manufac-
ture in America. For many arti-
cles we pay less than is paid in Eu-
rope. II we pay higher for other
things than is paid across the sea
to-day, figures plainly indicate that
we pay less than we should have
been compelled to pay if the pro-
tective system had not been adopt
ed; and I beg Mr.. GladstOne's at
tention to the fact that the Ameri-
can people have much more where.
with to pay than they ever had or
could have under free trade.
UNPARALLELED RAILROAD CON.
sTRUCTION.
Mr.. Gladstone boldly contends
that "keeping capital at home by
protection is dear production, and
Is a delusiOn from top to bottom"
take direct issue with him on
that proposition. Between 1870
and the present time considerably
more than 100000 miles of railroad
have been built In the United
States. The steel rail and other
metal connected Herewith involved
SO vast sum of money that it
could not have been raised to send
out of the country in gold coin.
The total cost could not have been
less than k5,OOO,OO0,000. We had
large interest to pay abroad on the
public debt, and for nine years after
1870 gold was at a premium in the
United States. During these years
nearly 10000 miles Of railway was
constructed, and to import English
rail and pay for it with gold bough
at a large premium would hav'
been impossible. A very larg'
proportion of the railway enter
prises would of necessity have beef
abandoned if the export of gold II
pay for the rails had been the con
ditiOn precedent to their cOnstruc
+ ton. But the manufacture of stee
rails at home gave an immens
+ stimulus to business. Tens 9
| thousands Of men were paid goo
wages, and great investments an
great enrichments followed tn
! line of the new road and opened t
r the American people large field
for enterprise not Heretofore al
cessible.
y The grain growers of the west an
e the cotton growers of the south wi
observe that Mr.. Gladstone hold
r out to them a cheerful prospect
s They SHOULD produce more cerea
t and more cotton at low prices! M
/ Gladstone evidently considers tn
r present prices of cereals and cotto
e as "high prices"
r Protectionists owe many thanl
/. to Mr.. Gladstone for his 0utspoke
q mode of dealing with this questio
2 of free trade. He gives US his cor
q illusions without qualification an
h without disguise. The America
: free trader is not 80 sincere. He
ever presenting half truths an
4 holding back the other half, tn,
r creating false impressions and lea
ing to false conclusions. The we
d tern FARMERS is wiser than NJ
Gladstone's philosophy. The farm
!. err knows that the larger the hon
d market the better are his price
If and that as the home market
It borrowed his prices fall.
r. Mr.. Gladstone makes anoth
D. statement of great frankness al
l. of great value. Comparing q
IF pursuits in the United States viii,
le requiee no protection with tho
y that are protected, he says: ~
st adversary will, I think, venture u
IS on saying that the profits are la1
N er in protected than in unprotect
le industries" This is very true, al
ar Mr.. Gladstone may be surprised
ly hear that the constant Objecti
es made by American free trade