New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-09-28
RECORD OF A GREAT PARTY
SENATOR SHERMAN RECOUNTS REPUBLICAN
ACHIEVEMENTS.
THE PARTY OF FREEDOM. PROGRESS AND Pho1
pERITY-DEMoCRACY welded TO
DELusIONs OF THE FAST.

From Senator John shermsn's article III ,oets
= ~ PENDENT" September 30 advance SUI nm
lS ,rhe career OF the Republican party was o'su''
sconfluucd ard has not yet endea a. o'o " 80.
;, precedented legislative industry ]" mas NJ ,t,hae
ANYTHING but working party devo'eo 10 '"'
welfare OF the nation ., -, .he uollcies
II is distinguishing Characteristic Vi '''o a,o
a. ponrh,,can Marty that while they were uiuer.
49,, :, the heat NJ the civil War they were dcsE'eu
40 rronote the pacific development OF 'he '"U .r
energies and resources OF the conht'!' vi" .no
0rst landmarks Of Republican leelShuoh wa" ~
Homestead Act This law had been pehui"s ~
ro,orass for many years while the emo'Ialo p'
was in power II had been vetoed by TWO De'oI" -,
,,,.s II had been strenuousN supported u!
leading Northern Democrats, but had peeh oppoS,N
fv the South In the interest OF slavery. y "op"D
,,can Congress enacted 1t in May, loo-' a"" W
,erted il into a great National policy, as Den'".e'
os II was progressive for creating prosperous o"
NJ independent freehoders in the western re'o"o VI
,be Union The Homestead Act. supplemented oS
Pacific railway legislation, attracted set'iers' sum"
lated jmmigration and transferred the centre vi III
dpstral power from the East to the west Even III
war time the foundations were laid for that
material prosperity, Of which the hrst Hu"s "eio
10 be the resumption of specie payments ana 'ne
cancellation during q single generation OF twothfdS
Of the National debt a..
In like manner the tariff has mnlSereo 10 'he
highest interests of the Nation AT the opening vi
tbe War the Democratic party, under the drec"o' Oh
~ revenue tariff tending In the direction oil aDsoiu'e
free trade The cotton, sugar, TOBACCO anu INV
nlaners of the SOUTH having what they considered inc
cheapest of all labor their slaves, were the haura
allies OF Free Trade England one oil tue eo""o"hio
curses Of slavery wherever 1t has existed HAS pe'
s inevitable effect in developing two or three great
agricultural interests and in preventing the dVerSi
Scaton OF industries. southern planting lh'eesN
and ecopomic policy blocked National development
81 Industries This policy Of low tariff, which hdd
ALWAYS been Southern rather Than Norlieri' was
abandoned when the Republican party was confronted
with the necessity of obtaining an income oei''"e
for meeting the cost OF great war
BOUNDING A GREAT NATIONAL POLIO
7, LEGISLATORS had considered the temporary eXse-
ces of war time alone they might have adopted 'ie
pyinciple of high revenue TAXATION They were broad
minded men who looked long way beyond Tue TO-
ourcments of a Treasury budget. They established
n tariff system which would no, only arm the "oV-
eminent with immediate power to levy anu ooi'e''
enormous resource; of income, bnt winch wOn" aT'o
tend to foster and diversity the industries VI HcS
labor.
Now while honest men may dher over DEANS oi
the tariff controversy which has been conducted III
This country over hundred years. they must al ica'l
agree that Republican legislation provided most
efficient instrument for the collection Of the large i'e
nues needed for expenses and the rapid payment
OF the National debt They must also recognize
nestle manufacturing and the development OF foreign
and internal trade which have accompanied Protect
I've legislation They must also concede that the
befehs OF a high tann bave been generally dlstnb'
utcd in the course of time so as TO be fquallze1
among all classes through the cheapening OF prices
for consumers. They must, moreover. be prepared
10 admit that the Protective system has promoted thas
wonderful diversifCauon OF industries which row az
fords resources Of re Hunerave employ men. TOT ts
largest and most prosperous body of working people
on The earth Ii t. characteristic Of the malGn genius
Of the Democratic parry that after all the ma1eS o.
American industrial progress have been accomplish
II Should turn back the hands of tine and tlke IL.
stand to-day with the nlllhcauon Leaders o. ~ IN
nroclaiming the unconsitutOnaity Of the PROTECTIVE
1ann Even Jackson's authority has not suficed 10
convince II that Cahoun was wrong ana me Is ms
avail to reconcile 1t to the prosperity OF the American
people under the Protective system
MASTERPIECES OF FINANCE
The financial legislation Of the Republican party
constitutes series Of landmarks Of American progress
The great measures Of the period were those pro-
vdlng for the issue and ultimate redemption Of the
ecaltender greenbacs and for the establishment of
the National bank system. THESE We're 1'Ho"eo aiter
the war; by the Refunding and Resumption Acts.
The general principles upon which this legislation was
grounded that public debt TO be regarded
always as temporary burden TO be paid rapidly as
possible, and tfat every promise made to orentor'
irscted 50 Vast in Volume that one years Interest
upon II exceeded the financial obligations incurred
during the War of the Revolution, provision was made
for Is rapid conversion into securities bearing low
rstos of Interest and FOR the payment Of twotiris
i,p.ye ers' ~ the period Of the Civil Var were
PEELED to do Their r d aa as %e a. 'ng s ncp At Ere
h.Ssst aggregate Which Industry would bear, aud The
ba,acn Of the debt was virtually carried by the gen
binding Acts largely dependent upon the rcsump
lien Of snecIfo payments That was supreme act
high plane that refundng operations were conducted
With eStraordinary facility.
gpnbcan aaaDcIa legislation the American people
hay. the proud distinction Of being the only great
par with gold They have also National ban, bank
and under which not dollar has ever been lost TO
n)tcho der and only the smallest fraction TO De
posters.
THE PARTY OF OBSTRUCTION.
All these great policies have been accomplished
without the aid OF the Democratic party. The Fund
Ing act OF 1870. by which the OF Interest the
dcbt changed by fhe conversion OF all classes OF
National securities. passed without single Demo
cratic vo'e in either House. The Resumption act OF
1873 opposed by every Democrat In both Houses
The National Banking act denounced as uncon-
stltuiIonsl by the Democratic party during the war
and its hostility TO the system has not ceased TO
this day when the repeal Of the tax on state bank
issues Is deliberately proposed in IS National plat
form. That party thirty years ago defended these state
issues although they were not secured, had no unirm
value Throughout The country. We're EASILY counter
feiicd and displaced greenbacks. II advocates re-
turn to the same system now, and apparently from
a deliberate preference for an Inferior currency. In
co so with the Republican party in adjusting
the relations between gold and silver 90 that both
metals will circulate at par with each other favor
unlimited free coinage by which gold will be drained
out Of the Treasury and the country plunged headlong
into monometalism on fhe lowest plane.
THE TWO PARTIES IN CONTRAST.
The Republican party. while 1t has enacted great
policies National. Industrial and financial, has re-
maiHed loyal 10 the traditions OF humanity and honor
which We're the inspiration Of It's youth II has
maintained resolwely the integrity OF the restored
Union on the basis OF universal liberty and unre-
sricted citizenship. while the Democratic party has
sought 10 subordinate National 10 sectional interests
and TO paralyze emancipa lon. that owning net OF
Justice and magnanmity By consplraclcs In the South
ern states against majority rule. Honest elections
tor National lawmakers guaranteed by the COnsu-
tut,onal Amendments embOdying The results accom-
pshed In the War for the Union The Republican party