The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1891-10-09

gee IAbIOU INV AAUNs@ 80 \ Au FNAui
stands opposed TO that, insisting that
msroial nations have fixed the rati
between gold and silver, The repnblica'
party stands for . dollar worth on
or paper, and approves Of the legislation 0
the last congress-. The difference betweel
what tho government paid for silver ant
the face value of silver dollars issued ha
amounted in twelve years to $67,000,Oo0
Free and unlimited coinage would gave tina
profit to the silver producers. You can bu,.
to-day the 37lA. grains Of pure silver. whicl
constitute a silver dollar, for y
cents. Free coinage would invite ths
silver producers OF the world &c
the United States to DO coined into q dollar
the governments by its fiat compelling this
people to take it for 100 cents. The repuh
lican party says II there is TO be any prom
in this matter of money-making, 1T shoulo
90 to the government. we want no aho!,
we had free and unlimited coinage We
would have more money. Instead, ".
would have less, Tor every dollar worth lOt
cents would 20 out of circulation at the ap-
pearanceo OF q silver dollar worth but rs cents.
Governor Campbell said, in one of his
speeches, that he had voted for the free ant
unlimited coinage Of silver. So | did. in
1877. I voted to reinstate the ancient all
yer dollar to its coinage. When | did it we
had 100000 silver dollars in circulation,
We now have 4oh.000 600 silver dollars and
that's as much as VS. can maintain at q
parity with the old price of, silver that ere
walls throughout the world. In 1886, Gov.
ernor Campbell voted against the
free and unlimited coinage Of silver.
ripht then, he is wrong now. He voted in
1886 that the nations Of the world, by Jan
nary, 1889, should. by concurrent action, fix
the ratio between gold and silver. and that
the whole silver coinage Of the country
should be suspended, He n I voted to-
Willing then ITO chance it." laughter
He 10 willing to chance ii" low.
RevertinR to the tariff, the major said
Governor Campbell does not like protec-
ton. daughter. He (the major remem-
brought in, q bill which provided for about
20 per cent reduction Of the tariff and
asked even the poor privilege of having it
considered, and made the motion to that
effect. ! demanded the ayes and noas,
and Governor Canbell voted with me, and,
governor. syou did not want to vote for
the Mills bill. did you? [Great
laughter and cheering. A revenue
tariff will ralso revenue for the government,
said the major. A protective tariff. be-
sides raising revenue, will stimulate the in
dusbfles OF tne people, encourage ING shliA
and genius of American citizens, develop
the resources and secure to MS. as it has
done in the past thirty years, the first rank
in mining, agriculture and manufacturing.
Gov. Campbsll says we pay the sax. II we
DO, why is England making such a fuss
out if We pay 1t all? Applause. If you
want to know who pays the tax, ask the
Canadian farmer who brings his wheat to
Buffalo. The Erie county. New York, farmer
takes his there, too, and takes home 30
cents q bushsl with him. The Canadian
American tariff. The duty on wire nails
was four and a half cents per pound. We
reduced it to two and q half cents. They
can be bought at the place they are made
for two and two-tenths cents per pound.
Who pays the tax? [Great laughter
stances and said that when Gov. Campbell
voted for the Mills bill, he voted to make
the duty on binder Irvine 25 per cent. equal
to one and one-half cents, and he only made
it seven-tenths OF a cent. The rebate princi-
pie complained of by the governor had been
nation of George Washington, and was in
tho Mills bill, which the governor voted
for. Thu committee on ways and means
over which Morrison presided presented a
report written by that able democrat, !
Abram s. Hewitt, recommending a rebate
" ~ RV4 SCAU III law |
after it was finished for export trade, in
the interest of labor. and, this very propo-
%sition, which every democratic member of
the ways and means committee voted for,
is in the new tariff law and in the provision
against which Gov. Campbell olamors so
loudly.
Major Mckinley then read extracts from
q speech made years ago by Senator Thomas
Ewing, in defense OF protection; also state
ments by Horace Greedy, of effects to the
country of the two tariff systems; extracts
from President Fillmore's message, of the
condition OF the country under the tariff of
1876, etc.; President Buohanan's message of
1857, on the effects Of the low tariff on the
country. in support of his arguments.
Gov. Campbell, said he, talks about our
leaving the sea. We have the
gaeatest internal in the world.
The entire internal of the
United States is greater than the whole
commerce of Great Britain, France, Ger
many, Russia, Holland, Belgium and
Austria Hungary. Great Britain's foreign
commerce is only one-sixth of our domes-
tic commerce. A single railroad company
village, carries more traffic and
more tonnage than all the merchant
ships OF Great Britain. (Great applause.)
They talk about the protective tariff break
ing down on our foreign markets. It has
built them up. From 1910 to 1860 we
SeS} uAsAoA q O"C oVCAuo
tariff, $466, O00, 600 moro goods than we sold
them. From 1887 to 1881, fourteen
years under protection, We sold to Europe
$1,000, 600, 600 more goods than we bought
from Europe.
Fifty-six per cent. of the value of imports
this new law during the last eleven
months were absolutely free to the Ameri-
can people. The Mills bill that Gov. Camp
bell voted for made A per cent. free. In
the first ten months Of the new law W G
bought more goods in Europe than in any
ten months since the formation of the
country, and largely because of the in 8
creased free list Of articles we could not
produce here. And more, in those ten
months We sold more American PRODUCTS to
Europe than ever in any other ten months,
and Europe paid US SS32, 0OO,0 00 in gold. as
a balance OF trade in our favor. TGreat ap- /
plause. He the governors state
ments about farm values by saying the
board of equalization reduces the tax
values OF land, but that does not affect the
real value of the farm. He made caustio
reference to the doctrine of disaster and
despair" preached by the leading demo-
Gratis to-day, adding: THANK God, the
republican party never taught such doc
trine; ours is the doctrine of hope, of
Cheer
Gov. Canpbell's Retoinder.
ADA, O., Oct. Sat the conclusion of
Major McKinley's speech the adheronts of
the great exponent of high tariff burst into
prolonged applause and it was some time
before Governor Campbell could obtain
~.I- u ---l-~ III "