The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1892-12-16
VOL. XxIII.--NEW SERIES.
slightly 10 sxcap. ot shs essasa toanssS pAss-
pmg tnfcug6 che Detroit River.
SAVINGS or rHE PEOPLE,

Another indication Of thu general pros
perity OF the country is found In the fact
banks increased from COS, $40 In 1850 to
25S, 1893 in 1890, an increase OF 5l3 pec can't.
and the amount OF deposits from $lA9, ,27I,s
5O4 in 1850 to 81, 524, ,S4L5 58 In 1890, an in.
of deposits in savings banks was 81. eos. .o79,.
749. It Is estimated that 80 per cant or
these deposits represent the savings OF wage
earners. The bank clearances for nine
months ending September 80, 1881, amounted
1892 they amounted to as, 1s9, ,60l ,947, an ex-
cess for the nine months Of s4,140,2ll,1S 1Se:
There has never been q time In our his
tory when work was so abundant or when
wages were as high. whether measured BY
their power to supply the necessaries and
comforts Of life. 1t is true that the Market
prices of cotton and wheat have been low.
1t is one Of the uufavorable incidents or ag-
r.cuiture that the farmer cannot produce
upon orders. He must SOW and reap in iS-
norance OF the aggregate production OF the
year. ani is peculiarly subject to the depre-
citation which follows overproduction.
VALUE OF FARM PRODUCTS.
The value OF our total farm proin has
increased from ST. 1863, GAG S56 in 1850 to 81
500. Goo 900 in 1891, as estimated by statis-
ticisns, an increase Of $50 per cent. The
number of hogs Jauuary !, 1891, was s5O,625,-
1O6 and their value S2lo, 1913, 525: on January
!. 1892, the number was ~, $685. Ol9 and the
value $241, ,03l, AIS. On January I, 1891 the
number OF cattle was 36S15,6fS and the
value s544, ,127. .90s: on January l, 1892: the
number was 37,65l, ,239 and the value $o7O,-
749,1 ,155.
IL any are discontentei with this state
here: if any believe that wages or prices
the returns for honest toll, are inadequate,
they should not fail to remember that there
is no other country in the world where the
conditions that seem TO them hard would
not be accepted as highly prosperous The
English agriculturist would be gla1 to ex-
change the returns Of his labor for those of
the American farmer, and the Man.
chester workmen their wages for those OF
their fellows at Fall River.
WORD FOR PROTECTION
believe that the protective system, which
has now for something more tn IN thirty
years continuously prevailed in our legisla-
tion, has been a mighty instrument for the
development OF our national wealth and q
most powerful agency in protecting the
-.;e.a az MH.s1.-Ia.a -.is-;A~-.-
interest to preserve to our working people
daily bread but supply comfortable mar
gin for those home attractions and family
comforts and enjoyments without which
life is neither hopeful nor sweet.
They are American citi2ens-a part OF the
great people for whom our Constitution and
Government were framed and instituted
and il cannot be a perversion OF that Con.
stitution to SO legislate as to preserve in
the in se
ment which are essential to good citizenship
in,peace, and which will bring this stalwart
thron7. as in 1861, to the defense OF the dag
when tits assa!!cd.
1t is not my purpose to renew here the
argument in favor Of protective tariff.
The result of the recent election must be &C.
l.. ,,,k~
We must assume that the present tariff,
constructed upon the lines of protection, is
to be repealed. and that there is to be sub
stituted for it tariff law constructed solely
with reference to revenue; that no duGy Is
to be higher because the increase will keep
open an American mill or keep up the wages
of an American workman. but that In every
case such a rate of duty i to be imposed as
will bring to the Treasury of the United
| States the largest returns of revenue.
The contention has not been between
schedules, but between principles, and 1t
| would be offe ensive to suggest that the pre-
vaiing party will not carry into legislation
the principles advocated BY ~ it sn! slr htIs the
passed by the House of Representatives at
| the last session were, as ! suppose-even in
the opinion Of their promotors-inadequate
! and justified only by the fact that the Senate
and House of Representatives were not IN
accord and that general revision could
| not, therefore, be undertaken.
| recommend that the whole subject OF
| tariff revision be left to the incoming Con-
gress 1t is matter of regret that this work
must be delayed for at least three months;
| for the threat of great tariff changes intro
| duces SO much uncertainty that an amount,
| not easily estimated, Of business inaction
and of diminished reduction will necessarily
result. 1t is possible also that this uncer-
| taiuty may result in decreased revenues
| from customs duties, for our merchants will
| make cautious orders for foreign goods In
view OF the prospect Of tariff reductions ana
the uncertainty as to when they will take
! effect.
Those who have advocated protective
tpriff can well afford to have their disas-
trous forecasts of a change Of policy disap
pointel. If syste N OF customs duties car
be framed that will set the idle wheels anc
looms of Europa in motion and crowd cuI
warehouses with foreign-made goods, anc
at the same time keep our own mills busy;
that will give US an increased participation
in the markets of the world of greater
value than the home market we surrender
that will give increased work to foreigr
workmen upon products to bs consumed by
our people without diminishing the amour
of work to be done here; that will
enable the American manufacture
to pay to his workmen from
fifty 20 a hundred per cent more In wage
than is paid in the foreign mill and yet T.
compete in our market and foreign market
with the foreign pro lucer; that will furthe
reduce the cost OF articles Of wear and foo
without reducing the wages of those VIII
produce them; that can bs celebrated. ate
its effects have been realized, as its expects
lions have.been in. European as well as
American cities, the authors aud promoter
of it will be entitled to the highest praise.
We have had in our history several ex
perlences of the contrastel effects OF
revenue and that Of q protective tariff; bu
this generation has not felt them, and th
experience Of one generation is not high
instructive to the next. The friends OF II
protective system, with undiminished col
ii lence in the principles they have a
vocated, will await the results OF the ne'
experiment.
LABOR AND THE -ARtFF.
The straine and too osten disturbed re!a
tions existing between the employees on
the employers In our great manufacturin
establishments have not boon favorab BILE to
calm consideration by the wage Garner
the effect upon ages Of the protective sy:
tenn. The facts that his wages were th
highest paid in ike calliugs in the worl
m,possioIe. wtfttenapGf,s, OF this e
naeS'on evoked by these
ma may M now be able to review ySe -, contests.
the the ngn. nga or his personal oxoarieaao QUESTION
the. he operation of tariff for r."ne ,ience undt
experience shall oemons1rotuS only.