Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1891-08-29

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deavor, we have illustrated the most mar
velous advancement, and in those wears
we have risen in the industrial development
to the very rank in manufacturing agrl
culture, and mining, leading every other
nation In the world. 1t Is SAID 10y our OPP
ponents that this system euIiches The few
ana impoyerishes the many. Wealth IN
England has been concentrated in the
bands Of the few to a fan greater extent
than in lie United States.
what Mortgages Mean.
Il is also said that protective tariffs have
increased the mortgages Of the country.
This Is an idle and absurd staten ent,
Let me remind YOU that mortgages are not
always an evidence Of poverty. They are
much ofteper the hest evidences OF pros
perity ] admit that mortgages given for
living expenses, for grocery bills. fer
taxes, etc. do give evidence Of the poverty
of the mortgageor. But if workman in
this city, having accumulated 81 900, con-
cludes he wants TO buy q home, and ind
ing one which will cost him s., 600, 81 GOO
IN cash and gives a mortgage for the re-
malndeI of the purchase money, that
mortgage is not an evidence of poverty
1t is the strongest evidence of the thrift
and prosperity Of the mortgageor Take
the farmer having 100 acres Of lard who
wants TO add 100 more acres 20 his farm.
He has sufficient accumul3tions to enable
him to make the first payment and pur-
chases the adjoining land giving a mort
gage for the remaining payments That
does not mean that he is distressed and in
poverty. Ii means that he is getting on
that he has faith in himself and the
future
The Price of Wool
There was much said 10y Gov. Campbell
in his speech at Cleveland about the low
price of wool lie stated incorrectly, and
! have no doubt by inadyertence, that the
farmer OF Ohio was only getting 20 cents a
pound for his wool. At the time he made
this statement the farmer was receiving
for his choice clips % and % cents The
inference from his speech would oe that
the increased duty on wool is the cause of
depressed prices, If this be so then the
tariff is rot tax This was not the dem
ocra.jc doctrine in Ohio in 1888 and 1884
They then believed that the tariff did hep
the wool-grOwer and that "a greaC outrage
lad been committed upon him when the
duty was reduced ! / per cent by the tariff
law Of 1859, They 50 declared in a docu-
meut issued by the democratic state com
mlttee Of that year and demanded of the
wool-grow ers of the state that the party
that committed tina great outrage should
be defeated at the polls. And ] may say
in passing that they were defeated Thei
statement was that the Ohio wool growers
had oeen heeced out OF $1,000, 600 by the
reduction of Ii per cent. of the duty. The
governor was one of those who believed it
then
The wrong of 1883 was righted at the
first moment that the republican party Sc
cured control Of congress, and was not
rIghted in all the years the democrats we're
IN control. The new law gives the wool
grower better protection than he ever had
before. The wool of the world has fallen
in price. American tariffs do not fix the
price Of foreign wool but they not stand as
a wall of defense 10 the American wool
grower against the wool produced on
cheaper lands and by cheaper labor in
other countries.
The Tariff Prophet Failure.
The predictions made by the enemies of
the new law nine months ago have not
been verified but on the contrary have been
shown 10 be mere assumptions utterly
without foundation. They served a poll
teal purpose and worked a positive injury
to the merchant and the manufacturer and
consumer.
There is contained in the new law re-
ciprocity provision by which the admins
tratlon has already made valuable treaties
with Brazil, San Domingo, and Spain
1t is a provision which in no way en-
croacEes upon the protective principle,
nor can 1t in any way destroy or under.
mine our defensive or protective tariff
There is much criticism about the duty on
tin plate, and fully as much misrepresen-
tatioE as there Is criticism IL is said we
cannot make tin plate How absurd for
we are already making it, and it will not
be long until we shall make the larger
part OF the consumption. We are making
tin plate to-day II is to be made here in
Niles democratic discouragement cannot
stop it; foreign interference cannot check
American genius and resolution.
The tariff of 1890 will win its own way
lit will achieve its own victories and they
will be victories for American labor
American enterprise, and American
genius, and for the whole American peo-
pie. We neither take our patriotism or
political economy from other nations-if
we had we would yet be in our swaddling
clothes, a dependency and province Of
Great Britain, instead Of the first and best
government on the face Of the earth a
government of equal citizenship, equal op.
p0rtunities, and equal laws
AN EXCITING RACE.