River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1892-10-13
SHERMAN ON mt f4alsF.
Protection and Hon RAJ MoGsy Warmly
Indol sed.

| North Fairfield, o.. town in Center
county away from any railroad. He
| favored protection and honest money,
denounced the wildcat state banks
! scheme. indo sed f. j. johnson for
congress, paid glowing tribute to IIar-
rison's administration and said nothing
about Cleveland's letter of acceptance
The meeting was great success from
q republican standpoint
Among other things senator Sherman
said:
''The republican party may not always have
done what il ought TO have done, but its record
OF deeds from Lincoln to Harrison is the bright
est page of American history. Compare the
United States of America as it is with what il
was in 1854 and you have the work Of the repub-
lican party. During all this time what has the
democratic party done to justify your SURFACES;
Nothing. Their record Is a record OF failures
attempts 10 do what they have not done And
now their effort is TO repeal the Mckinley tar
if lew for the protection of American industries,
20 reduce the standard Of value and TO restore
the use of state bank paper money in the place
of national money. 1t is these three PROPOSE
tons wish to present to you very different in
deed from the questions / discussed with your
fathers.
THE most important, is perhaps the tariff
question. The republican party has this great
advantage ON the tariff question: 1t was not
committed TO the ideas Of either the whig or
democratic party, but, a new party, founded
mainly on the slavery question, it could, and
did, when IL ~ sumed the government of the
country adcpt that line Of public policy in i'm
the necessary revenue and AT the same time
foster and protect American industries. The
first law which the repul hcan party put upon
the statute books was the Morrill, tariff law OF
1861, passed after Lincoln was elected in the
last days Of Buehanans administration, when
southern senators and members open
ly revolted and deserted their seats
in congress This act is the basis
OF all the tariff acts since then. The prime iple
adopted was 10 levy such duties on imported
goods as would furnish enough revenue TO sup
port the government, ana second. that IN levy
ing such duties it should be so done to foster
and protect all American industries impair
TALLY. AS the duty was levied upon the foreign
article and not upon the domestic article the
domestic article has the advantage and protec-
| tion OF the duty. The object was 10 induce our
| people To enter into every branch OF manufac
lures for which we had the raw materials. The
| reason for this policy was tina. our laboring
men under free institutions needed better food
and clothing and could not or ought not to com
| pete with the pauper labor of Europe at the
same wages and mode of living
THE duty imposed on foreign goods would
enable the home manufacturer TO pay higher
wages consistent with American citizenship,
and yet compete in many branches of industry
with his foreign rival The great object of this
policy was 10 secure a diversity of employments
and productions which are Indispensable TO our
| independence as a nation The laborers en-
ployed in new Industries would furnish home
market for the produce Of the farm.
| "As the result of this policy we now manu-
/ facture in the United States nearly every
| article essential TO human life. The growth OF
| American industry in the last thirty years has
| been maryelous-mOre than threefOld
This policy Of protection has had another ef-
| feet 1t leads to free trade in all articles that
cannot be produced in this country. Formerly,
duties were imposed for revenue on tea, coffee,
sugar and various productions not suited to our
! climate Now we are able TO produce from ar
| ticles that compete with home industries all the
| revenue needed, and To repeal all duties on all
articles which we cannot produce.
Besides this, by treaties OF reciprocity we
have made arrangements with nearly all the
| countries that produce tea, coffee, sugar and
such articles so as 10 secure greatly enlarged
market for American productions. We now adj
| init more than one-half of all the articles inn
ported into this country free of all duty II
| free frade is a blessing we have conferred il
! upon the people, but we have taken care to do il
so not TO AFFECT any American nduAry.
'In levying duties care has been taken that
they should not be so high as 10 give the
| American manufacturer a monopoly in prOduc-
| tion. They have Only been sufficient to com
! pensate for the difference in the rates of wages
and cost Of production in the two countries, but
not so high as TO prevent foil and fair competi-
| tiOn with other nations, We have also guarded
| against trusts and combinations in articles i'm
| ported TO prevent their advance in cost
10 the people beyond the actual cost of produc.
| ton
THE protection that is afforded by our tarin
Laws extends to all industries. The old rule
was mainly 10 contine IL TO manufacturers, but
now all Industries, of every name and nature
are protected from undue foreign competition
| by wise discriminating duties. The farmer has
the full benefit of protection on his wool, his
| grain, his horses and on every article which has
10 compete with foreign productions. Fortu
| nately our country Is so favored that IN cotton,
wheat and many other productions we have no
| competitors that can rival us on equal terms.
/ AS to these the farmer has only the competition
| OF other farmers, and al he has to fear is over
production a home
IA rs for you, fellow citizens, TO say whether
/ a public policy that has been maintained so long
and,so successfully, hat has produced such won
derful results upon the history and prosperity
| of our country, thatshas already advanced rs to
/ the richest farming country and the greatest
manufacturing country in the world, shall be
abandoned in order to carry out the ideas Of the
confederate states and the frec-trade notions of
commercial cities and of professional dudes
whose only idea is that e is not English sou
| know
/ There is another question Of public policy
| which. though not entirely political, illustrates
/ the devious ways and changing opinions Of nc
democratic party 1t is the silver question. Last
| year they resolved in the Ohio convention in
| favor Of the free coinage OF silver. This means
that any holder of Bill grams of pure silver, OF
multiples of that sum, might preseat II to the
/ mint and demand 81 for it. Silver IS worth in
/ the markets Of the world about 50 cents au
| ounce of $50 grains, or the SILVER contaIled in
| the silver dollar is worth g. cents Tie result
| would be that gold would be demoneuzed aad
/ silver alone would be the standard Of value, on
that the United States would pay ~
/ per cent more for silver than il is worth.
| The result of free coinage would he disastrelS to
/ ali industries. and would be especially hard
| ..pon the laDorer and the Toor. They would
/ be deluded by the hope Of nOminally in
creased wages but of less purchasing power
/ can scarcely discuss this question with patience
| when / recall the old adage OF: 'Gold for the
/ government and rags for the people. Now we
/ have a currency every dollar Of which Is as good
\ as gold