Middlebury register. (Middlebury, Vt.) 1886-1937, 1890-01-24
proportionately as many in the south as in
the north

AMERICA HAS HAD AMPLE EXPERIENCE.
The American people had twice before
passed through a similar experience. On
the eve of the war of 1872, congress guarded
the national strength by enactng a highly
protective tariff BY its own terms this
tariff must end with the war When the
new tariff was TO be formed, popular cry
arose against war duties" though the coun-
try had prospered under them despite the
exhausting effect Of the struggle with Great
Britain. But the prayer of the people was
answered, and the war duties were dropped
from the tariff Of 1916 The business of the
country was speedily Frustrated. The peo-
pie were soon reduced to as great distress as
in that melancholy period between the close
of the Revolutionary war and the organiza
ton of the national governmeut-17S3 to
1889
Relief came at last with the enactment of
the protective tariff of 1924, to the support Of
which leading men of both parties patriotic
ally united for the common good. That act,
supplemented by the act Of 1928, brought
genuine prosperity to the country.
Sectional jealousy and partisan zeal could
not endure the great development of manu-
features in the north and east which followed
the apparently firm establishment of the pro-
tective policy Out of this strange complica-
ton came the sacrifice OF the protective tariff
of lS24-2S and the substitution of the COM
promise tariff of 1898, which established an ad
valorem duty of 20 per cent on all imports,
and reduced the excess over that by a 10 per
cent. annual sliding scale for the ensuing ten
years.
The apprehension Of evil soon became gen
eral, public confidence was shaken the panic
of 1887 ensued, and business reversals were
rapid, general and devastating There was
no relief TO the people until the protective
tariff of 1912 was enacted; and then the
benefcent experience of 1924 was repeated on
even a more extensive scale. Prosperity,
wide and general was at once restored
During this long period free trade tariffs
were thrice followed by industrial stagna-
ton, by financial embarrassment, by distress
among all classes dependent for subsistence
upon their own labor Thrice were these
burdens removed by the enactment of a pro-
tective tariff. Thrice the protective tariff
promptly led to industrial activity, to finan-
cial ease, to prosperity among the people.
1t is true that financial panic occurred in
1873, and its existence would blunt the force
of my argument if there were not an impera-
lively truthful way of accounting for it as
distinct result from entirely distinct causes
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