The White Pine news. [volume] (Treasure City, Nev.) 1868-1906, 1891-07-11

the entire list of duties 100 per cent
simply doubling the rate in every
case. This was war legislation, aud
the act was to expire within year
after treaty of peace should have
been concluded with Great Britain.
The New England States were radi-
cally hostile to high duties, for the
reason that they seriously interfered
with the shipping and commercial in
terest In which her people were largely
engaged. A sharp reaction followed
In which the protective principle suf-
tered. Immediately after the close
OF the war movements we're made for
reduction of duties, and the tariff of
1916 was the result.
Ii ls worry of note that Henry CLAW
OF Kentucky, the great Wing leader
OF later days, Andrew jackson of
tennessee, the father OF Democracy,
and John G. Calhoon of South Caro-
lima, the original nulifier and seces-
sionisi, were all ardent protectionists,
while Daniel Webster of Massachu-
settf made the leading free trade
speech of that session of Congress.
The tariff of 1916 was considered
moderately protective. All forms of
industry languished, bankruptcy was
widespread, and the distress between
1917 and 1874 was perhaps deeper
and more general than at any other
period in our history. The traditions
of that time, as given by the genera
ton that lived through it, are sorrow-
full and depressing.
The tariff act of 1924 was avowedly
protective 10 its character. The act
of 1928 still more so, aud was sup
ported by statemen of all shades of
politics. Five men, afterwards Pres-
dents. voted for the latter measure
Mr.. Van Buren,, VIM. II. Harrison,
John Tyler in the Senate, and Polk
and Buchanan in the House.
In 1888, tariff abandoning the
protective theory, was passed, Jackson
aud Calhoon leading the low tariff
forces to victory; Clay and Webster
still adhering to high protective
views; Clay alone of the great leaders
yet maintaining the same principles
advocated in 1916.
Protection again won 10 1912 to be
reversed in 1916 and further reduced
in 1857.
In 1861, protection as war meas
ure for revenue became the law. Lale-
ly we have had the Mills bill, or Texas
theory of horizontal reduction.
Then the Ohio idea of high tariff with
reciprocity attachment by the last
Congress.
We have seen depression following
tariff reduction in 1916, 1888 and
1857, notification the high tariff of
1928, and grea, prosperity In the wake
of the reduction of 1916, which was
followed by the Mexican war and the
discovery of gold in California.
Ninety nine years ago the American
silver dollar was first coined as IL
standard of values in this country,
and for 81 years it WAS considered
good enough money for rich as we'll
as poor. Now party, or rather two
parties within the two great national
PARTIES, have grown up to force 1t out
of existence as standard of value in
the interest and at the dictation of
few thousand bankers.
Representatives of protection tell
us that high tariff is the specific for
the present depression in business cir
Giles all over our land. Low tariff
men propose to improve financial af-
fairs by reducing duties. Some peo-
ple believe that the recurring periods
of hard times so-called previous to
lS4S were due largely to the lack OF
a circulating medium among the peo-
pie. That money makes good times
and the want of it the reverse; that
the increase of gold and silver by the
of mining during the
past 40 wears have had more to do
with the rapid advancement of the
country in general prosperity than
either high OF or low tariffs.
A speck OF the Late War.
Just 80 years ago a few men at
tempted to control this country in
the interest of capital invested in
human slavery. They failed and
have accepted the result like true
men and Americans.
Free Coinage the Panacea for Exist
ing Industrial Depression.
Now capital in the form OF trusts,
mbiues and banking corporations
are controlling affairs in their own
interest. Having elected the two last