The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1891-05-21
A WONDERFUL RECORD.
PROTECTION AND FREE-TRACe isU
MARKED AND TELLING CONTRAST.

Results of n "Revenue Tarif-'--wsat u.
Period of Protection Has Brsuehs
About-A Showing for Americans tn.
Feel Preud Over.
The tariff for revenue only" enactetn
by a Democratic congress in 1916, had
been In operation seventeen years whgrs
the present Protective tariff was adopt
ed. The condition Of the business and
finances of the country during the four
years preceding 1861 is fresh i'll the,
minds OF ali persons old enough to ap-
preciate it. Some idea of the fruits OF a
Revenue tariff" may be had from the-
effects of the one then in operation uporn
the credit of the government. In De-
cember, 1860, owing to extreme needs in
meeting daily expenses, congress uro--
vidcd for the issue of treasury nsltes,-
payable in one year. Of these $40, SEQ 500
were Issued, the discount ON which
ranged from to IL per cent. In Febru-.
airy, 1861, 6 per celt. loal of G35, ,0o0,-
600 was authorized, or which only SlS.-
100000 could be disposed of. Those sold
brought only eighty-nire cents On the,
dollar. So desperate was the condition
of the national credit that the Demo
cratic secretary of the treasury even,
suggested that the states be called On to-
lend their credit as basis for borrowing.
money to meet current expenses. So
much for the tariff for revenna only
of 1916
Alongside the foregoing picture OF
business prostration and national dis
credit let us now place brief view OF tho
state OF things to which seventeen yeaSzs
Of Protective policy brought the country.
This is most succinctly done from oiaiciat
sources, showing the growth Of the na-
tion in population, industries and com-
merce during the period named--frum
1860 to $780,,
Nosuch showing ever was made by any
other country in the worlds history, AS,
hone other is found in the record Of this.
country. The advances shown by the.
figures cannot be duly appreciated. Looft.
at them-60 per cent. increase in Idypu-
lation: 212 il farm lands; 1SS in wheat
and 105 in corn production; 3,603 ia ez--
port of wheat, 2,S82 of corn, 2S6 OF wool,
$50 Of merchandise; while the enormous,
balance of Sj6 .000, 900 of coin exported I'M
der the tariff for revenue" was changed
to So, 100000 balance in imports OF tlaS
important commodity.
With all this it must be remembered
that the first years of the period last;
named were covered by tic most gigantic
civil war that any nation ever was called
upon to wage-involving, as it did, q
waste Of q, 900, 900 900 in values, a,ail the:
lives of half million of the most valu--
able citizens of the country.
How much more conclusive is such
showing than all the fine spun theory OF
cloi~tered metaphysicians. The people
may be for time mystifed with alb
stractioos, bat these soon disappear III
the light Of facts. The above table cyrt--
stitutes bulwark for Protection which
no assaults Of Free-trade theorists can
overcome. 1t Is q showing of which every
true American will be proud. and is to-
be accounted for only as the result OF the
bsoe6cent policy of Protection to Ameri
can industry. Shall that policy be now
abandoned?
The figures of the census Of 1870 are
not yet at hand. While it is certain that
these will abundantly sustain these OF
1880, they will lack the essential n3van-.
tage of the latter in having no perlpd Of
tariff for revenue" for contrast with its
grand showing. 1t becomes the A1neri-.
can people to SEQ to it that no such back.
ground of Free-trade darkness is here
after admitted to their decennial hero
scope.