Telegram-herald., 1890-10-15

r-4s. Aud. As AscL41-scTAtsc kArlI ~
sltes as pr sAs19.ss, yoa m4ss n41e TIE
a., 4. = sn0asa - in0Uce eur pccpls
~ - snrOaa saa pay tns IOrelga g-~ss.
+ ~ you = Oala l-oE D44ke Z - PSF cei2t.,
F so1 lh4s Is slk.SV %4sr LOO nigbs y00
nouto liake 4 ~ p<F Sx1t. Ana waen
F you pas 3 aety i e lSf eeaI. on tals
klDa * are. tisSk = imDoEt-i,l rom the
other e4le. you increase Sna A4ulUplg
f ltle iul ~ tAli0ns ~ tals klaa Ot W4rei
I aua gal very lncfxase aD0 Muillgi ca
( tsOl Ol smpJrl4tsolls OI lnls k4ud u
waie, .sOm lnr 0liler see. n Il Increase
tAe fessaue tn4t gocs 4nto 1as pu1lle
tf0asDTg. kOI sot la4lst ientci.llser tllat
Z inpOr.allO1ls ile - tiae yegy iv01dStion
Z 81 .ns tyeaae s-sxln, ana gne more ln
I p0rtat,s4. y0a Lave VI tais klol Oi waIe
f tgol4 l. E...J,1c, the inofe inoaey WlA 20
: mo -. fe1erel tfeA>ury. lou wAs
/ have more n8oney ln tue Federal treas
/ ury al = IaTi1 aaly OF 10 pyr cent. llAn
I yOa have to1ay al the uuty Of % per
: cent. Dat You A!ll have i a. the sacrl-
nce OF tie Interests Of the iaborlng men
and producers ol sae United StaIcs.
+ krne"cd Applause
! % Aiuss rcnlrsu Jrr that with every
I increase OF ihit oTtstlon OF Enls Klnd Ot
ware, under tne 10" duty VI
/ 10 pr cent. sou have tO that
e1tsat dnnished protection IN the
! United Seates, Alla u4nllnished the
demand ior American labor. cheers
/ Tor every connecting forc4gn pfOduet-l
care mol wnat IL ls--Stat comes into thls
country iiom asroai, takes the place
Oi just the same qsautity that ought 70
have been made ~ our Owa people, n
our Owu factories from our own good
raw materials. Renewed cheers.
| kyrry toa oI steel that is
brought into the United States takes
the place of a ton tn.si ought 10 be laade
| IN tie United states, by our Own United
States wOgknen. Aasi So OF everything
/ that completes with wDat ne produce
/ here-I care not what lt ls-ihe mo
/ ment you have reduced the duty and
encouraged importatons, you nave put
I more money INTO the hands OF the
manufacturers abroad, and You have
| taken It ont OF tine hands OF the man
| uIacturcrs at home. Now II IL is rev.
enue, AMI revenue only that you
want, tnen you want 10 make your du
ties 50 low that, instead OF buying what
we produce AT home, VIC Viii Ouy what
| they produce abroad.
/ We have had in this country sixty
years OF protective tariff, anu little
more than forty years under Dem
ocratic revenue tariff poiicy. and II is
AN Ia stuTical tact that tne sixty years
under protection have been The most
| prosperous years OF our National an
mails; and the little more than forty
years OF the revenue tariff policy, ten
! dered by the Democratic party. have
been years Of business depression, years
of National retro.ressioil, years OF IN
dividual bankruptcy and years OF dis
tress and want irom one end OF our
country to the other.
From 1916 TO 1854, we had fifteen
years OF free trade revenue tariff pol
| ICY fastened upon TINS coun-
try by Robert j. Walker, then the
| Secretary of the Treasury. and an Illus
trious representative of the civilization
and policy of the South. In those fif-
teen years we had the lowest duties
ever enacted in the history of our
country. Forthe first five years, with
! those low duties, ImpOrtatIons increased
| from the other side and, as ! have
already explained TO you, great streams
/ of revenue flowed into the public treas
ury for the first five or six years. But
every importation was the death knell
| of domestic industries. While we were
sending our gold to the other eide to
buy the foreign products, the fires were
being put out of our furnaces and the
working men, as described by James
| Buchanan in his message to Congress,
were tramping the land begging for
bread. Cheers. We got more revenue
under that low tariff policy, for five or
six years, and then we got so poor, we
had become so impoverished that we
no longer had any money TO send to
! the other side To buy foreign goods,
and then importations fell off, reve-
nues diminished, and in the last
! three years of that low tariff policy,
we didn't have revenue enough TO meet
| the expenses of the Government The
| people were poor, the treasury of the
! United States was bankrupt, and we
were compelled to go out and borrow
money TO meet the usual and every day
expenses OF the Federal Government.
! We neither had money, nor did we
| have credit at the end of those fifteen
| years of low tariff policy. A Govern
Inent, like an Individual, can sometimes s
! get on without money, il he has good
! credit and an hOnored name for keep
ing his Obligations. We had no com nor
credit. and when the administration was
authorized to sell S50,OCO. 900 worth of
bonds, bearing per cent. interest,
| those bonds were discounted every
where, and we had to stand discount
of II per cent. upon an Obligation of
| the Government bearing per cent. in
terest. ICheersl. We literally had to
"shin around" to raise the money to
pay the expenses of TINS Government.
Our credit got SO low, thata Democratic
| Secretary of the Treasury sent mes
sage 20 Congress, inviting Congress 10
request the states OF the Union 10 en-
/ dOrse the bonds of the Government.
that they might be more readily sold
( IN the money centers of the world
/ TnInk of great Government gong
/ out and looking up Al eDdorser
I lTumultuous applause IL - hard
enough for an ln6iyidusl, when mis-
/ fortune has overiaken him, 70 90 out
aud ask hls neighbors to bail MIN, but
| for Government OF thirty millions OF
people. and with untold resources. 10 ne
asking the puny states TO 60 sts bal,
/ ought to bring the blush % shame and
humiliation 90 every American citizen.
/ lCheers. We do not need an endOrser
nov, lrenewed cheersl. and We do not
have 10 get bal in any sum Then We
had to pay the money lender pre-
/ mium ot - per cent on tne dollar to
get hitn to take our tson6s. and now We
/ have got 60 give the bondholdsF pre-
+ MUM io make him give ~ hs bonds
I ftheersl Which stuafion are vou
+ the proudest of Theu we lad no
rs.nat fns4, 40 hal r4s rr~r4.f ~