The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-10-30
PROTECTION A MISNOMER
GLADSTONE SAYS IT SHOULD BE
oALLED OPPRESSION.

ROFelGn countries VIII MOI Surfer OY
the Mckinley Bin as Much as Ameri-
cans Themselves - Gladstone Sure
That This Country VIII Eventually
Realize the Erroneousness OF the
Policy.
LONDON. Oct. 29.-Mr. Gladstone arrived
at Dundes to-day and was presented with
the freedom Of the city. In accepting the
honor Mr.. Gladstone made an address in
which he referred to the commerce Of the
city, which it was said was threatened by
the adoption of the new tariff by the
American congress.
PROTECTION BOOMERANG.
Protection, although it might infiict in
cidental collateral blows on other countries,
did far greater mischief to the people of the
country which adopted such policy, and
whose people il plundered and defrauded.
Mr.. Gladstone said he was not going to
treat them to the commonplaces OF
free trade. There were people who
believe that the injurious effects of
protection were chiefly felt in countries
dealing with the protected countries. That
was fundamental mistake. There might
be great deal of disturbance and even de-
moralization in trade, but it was not true
at any time that the trade Of any country
on earth could interfere seriously with the
prosperity of Great Britain.
HOW IT WORKS.
Supposing there were twenty great mar
kets in the world. and in one a stringent
protective measure like the Mckinley law
was passed In that case, doubt
less, the first effect would be to
injure us and restrict dealings. but a
larger and wider effect would be to raise
the standard Of prices under protection.
This means diminishing power Of exporta-
ton. Therefore, while we we're injured in
this market we are benefited In the rest.
Every country giving greater stringency
Of protection within its borders, though
damaging us within it's own markets, gives
US freer and broader field in other mar
kets 1t was not possible for Great Britain
to receive vital or profound injury from
any Of these operations abroad.
THE THREATs OF INHALATION.
France aud Germany threatened retail
iation. England should not be led into
such suicidal folly. [Cheers.1 There were
still capital and plenty of resources in this
great country to hold and keep its place in
the markets of the world. A favorite idea
of many people in England was a zollve-
rein of the whole British empire, including
the colonies and dependencies, against all
foreign countries. He doubted much
whether the whole empire would consent
There was a host of objections to 1t. 1t
would be hard upon countries pursuing free
and open trade with England to punish
them because some particular country had
adopted a restricted system of commerce.
Further, although an imperial zollverein
would to some extent enlarge commerce
with the colonies, it would infallibly con-
tract commerce with the rest of the world.
AMOUNT OF THE IMPERIAL COMMERCE..
The amount of the imperial commerce
was 91S7 900, 600 yearly, taking imports and
exports of all kind. whereas the foreign
commerce amounted to e554, ,000,000 1t
will be a most ingiorious policy to clog
British energy and enterprise in market
Of 2554, 600. 900 yearly in order to enlarge
action with a market of one-third that
amount.
EFFECT OF OUR NEW LAW.
The operation of the Mckinley tariff
might not disturb trade SO much as some
expected. America must get paid for her
exports to England. and must take pay.
ment either in British manufactures or in
foreign or colonial goods through English
markets. One effect of the Mckinley bill
would be to direct the attention of British
manufacturers toward the production OF
finer classes of goods, because these bore
the least fntolerable protective rate. The
result would be to elevate and improve the
taste of British manufacturers, to spur them
on and stimulate their ingenuity. [Cheers.
EFFECT ON MANUFAcTURINa.
The probable tendency produced by the
tariff among Americans would be toward
manufactures of coarser goods, thus de-
grading their productions, while the English
improved theirs. Although America had
gone on Tightening her protective system,
she had not lessened English trade; In proof
of which statement Mr.. Gladstone quoted
statistics MIR. Gladstone said that In spite
of protection the commerce between America
and Great Britain had rapidly and greatly
increased. The experience of the past ought
dispel the alarm that the Mckinley law
would effect material injury. The harm TO
England's commerce would be fractional
compared with that done to the people of
the protected country.
A MIsNoMER.
The word protection was dishonor. 1t
ought to be oppression. Il was q delusion
aId a fraud. America was the country
that could best afford to try an astonish-
and minerals and immense territory made
her world in herself With vast amount
of free trade within herself nothing
could interfere. The possession Of these
enormous advantages help to disguise the
real facts from American reasoners, but
the adoption of the Mckinley law would
involve a fearful waste of resources, by
which her people ought to be made strong
and happy. [Cheers.l He advised that we
should not complain so much of the injury
to ourselves, first, because it was impolitic,
and next because it would be
mainly untrue [Cbeers.] Substan-
tial injury could not be done to
us, though occasional injury might here
and there result. America should be left TO
fight out the question of protection and find
for herself the evils the tariff would accom-
| plish. In conclusion, Mr.. Gladstone said
'If we have faith in the economic and moral
truths Of free trade, let us have faith
in their vindication west of the Atlantic
as well as east. People so acute as the
Americans will find the way to results best
for themselves sooner and more effectually
il respectfully left to emselves, especially
by the people os England. who ought to
show that as much as they value America g
commerce they value her friendship and
regard still more.n [Cheersl
COMMENTS OF THE PRESS
LONDON, Oct. 80, A. M-The Post, com.
menting on Mr.. Gladstone's Dundee speech,