The Indianapolis journal., 1890-08-30

duties on so large an amount of imports
ANY duty repealed was a favor and an
advantage to the exporting country. and
we have asked nothing in return. Instead
OF this course which must say WAS one
OF carlessness and wastefulness by both
poltical parties, every repeal of duty
should have been preceded by a most
thorough investigation, and whenever it
was found practicable to export anything
from the United States. and thus establish
reciprocity of trade, it should have been
done. do not, of course, intend to de-
clare: or to imply. that we could have Sc
cured the free admission OF 1856 100000 of
american products into countries whose
products We purchase annually to that
amount. The richer country cannot ex-
pect to get complete reciprocity in
amount from countries less wealthy, but
whatever we should have received would
have been a clear gain. and in all future re-
peals OF duties whatever we may be able to
get Will be q clear gain.
SHALL WE MAKE FAIR EXCHANGE?
1T Is not q question of setting deliber-
ately to work to establish reciprocal ex-
changes But with all the duties we have
thus far repealed it has been question of
whether we should get something or get
nothing. We have chosen with our eyes
closed to get nothing. l hope now, with
our eyes open. that we shall in future
position to this policy from those who de-
clare that if we enter into reciprocity of
trade with one country we must do so with
all countries, and thus indirectly bring
about complete free trade. / do not sec
the logic of this, and am sure the fact
will not prove what is predicted. We may
enter into reciprocity with one nation
because we find advantage in it.
We may decline to enter into reciprocity
with another nation because we see no ad-
mt mi ~ clv vnv,l raot-
icy of circumstance to be determined fav-
Orably or adversely according as it's opera
tion may make or lose for us.
Ito say that because we enter into recip-
rocal relations with one country on one
thing, we must enter into reciprocal rela-
tions with all other countries in all things.
is to my mind as absurd as to say that if
buy horse to-day must necessarily buy
drove of asses Tomorrow. All objections
of that kind are, am sure, unfOunded. and
will not stand the test of argument or a
practical trial Our people do not realize
the great fact that ii specie payment is en-
dangered in this country it is likely to be
endangered by our present system of trade
with the I.atin-American states. The few
millions "a gold that have gone out of the
country within the last three months have
created uneasiness III certain quarters as to
our financial position. 1t is very eXtraOr-
binary that the loss of these millions from
banks In Wall street should be accounted
so serious an event when we have lost q
much larger amount during the same peri
cd from the condition of our trade with the
countries south of US without exciting the
least observation. When our merchants
and bankers come to thoroughly appreciate
this fact we shall receive aid and influence
in the reform of our trade from quarter
which thus far it has been impossible to
enlist"
The large audience listened with the pro-
foundest attention, and his speech met
with great approval. Hon. w. E. Mason,
of Illinois, followed, indorsIng in an en-
thusiastic speech the principles of reciprO-
cal trade. The meeting closed with an
earnest speech by Hon. Henry Cabot
Lodge. advocating. before the people, the
federal election bill. warning the voters
that the government must protect all it's
citizens in the right to vote. His presence
was unexpected. and the people greeted
him with warm welcome. About twenty
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