The Bennington banner. [volume] (Bennington, Vt.) 1858-1894, 1890-11-13
THE NC KINLEY BILL AND 1899.


Thanks to the delay engineered by
Democratic obstructiOnists, the Nc Kin
ley bill did not become a law till lust
in time to admit of the greatest possible
effect of free trade exaggerations, mis-
representations and downright lies. The
most short-sighted view of the case was
urged upon the public. Cause and GER
tain effect were separated. Ultimate
benefits were not considered. Needless
and artificial advances were made in
prices, in addition TO the general rise in
values, incident to an era of prosperity
and national expansion that, in any other
circumstances, would have commanded
from the people an Endorsement of the
party In power. The significance of the
result, so far as protective duties are
concerned, is no greater than that of the
Shrek of patient under the wholesome
knife of a surgeony or the protest of q
child against the deep digging of founda-
ton OF house that is TO be high, or the
deep planting of a seed that is to grow
to be mighty tree.
l The temporary results of political
demagogism do not reveal the law OF
supply and demand, or prevent effect,
from following causes. You can in.
crease an import duty between two days
but you can't build the new factories
till it makes room for till months have
elapsed. The increased supply cannot
appear till the new production is under
way, and the lower prices cannot come
that the increased supply has began tC
outstrip the steady growth of demand
The most important processes are the
slowest; the gradual growths are the
most valuable, the best results are those
which are not attained in a day; the
most powerful forces, in economics as in
nature, are not the most material and
immediate, but the most delicate and
permanent. The wisest and the most
successful men in the world are those
who look further ahead, and for whom
time is required to vindicate their
work.
There is not shadow of doubt that by
1892 the Nc Kinley bill will have been
indicated by its effects on the indus
trial production of the country In
fact, the vindication has already begun.
New industries, and increased production
in old industries, are daily reported from
all parts of the country. There will be a
great deal more of that sort of thing
before there is less. American wage.
workers, from this time onward, will be
anu lllOIt ilbtItSltu
that owe their existence to protection
for those industries are going to multi
lply. And when those industries arr
assaulted, as they were in 1893, and AZ
} they will be in 1892 by Democratic
House of Representatives, and when
} solid Republican Senate meets the issu,
and cries "hands off, we have no fear,
but that the intelligent workingman will
know who his friends are, and on which
side his bread is buttered and his mutton
protected.
: The Democrats will of course make
desperate effort to convince him that h,
is taxed" But the business history O
the year 1891 will give the lie to the mis-.
representations of 1890. 1t will be tn,
most important duty of Republicans t.
meet these one-sided appeals to impuls,
and prejudice and short sightedness by
bOth-sided appeals to facts and history
and reason and new experience. W.
are to have another educational era Of
popular economics, and the more com
plete and exhaustive it is, the widel
the range of facts included, the NOR,
logical and philosophical the methods Of
discussing them, the better it will be fol-
the Republican party and protection
The Press proposes to take no secondary
part in this fight. We expect from now
till the nation is won again in 1892, to be
able to point almost daily to some of the
steadily increasing benefits of the great
code of industry-making laws, the
Nc Kinley bill of 1890. We nail "pro
tectien to American industries, Amer.
lean producers and American con
sumers" to the masthead, and there we
propose to keep it.-N. Y. Press.