The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1892-12-07


listed"
The President quotes from an array
OF ftSures TO show the amount of freight
CARRIED on the great lakes, and makes
comparison between the foreign trade
of London and Liverpool and that pass
ing through tho Detroit river.
There never has been time in our
history when work was so abundant or
when wages were as high, whether u cas-
ured by tho currency IN which they arc
paid or by their power to supply the
necessaries and comforts OF life"
TIE FARM PRODUCTS.
Tho agricultural field is reviewed and
figures quoted showing the increase in
farm products since 1860.
''If any arc disconnected with their
state here, ii any believe that wages or
prices, their returns for honest toll, are
inadequate they should not fail to re
member that there is no other country
in the world where the condition that
seem to them hard would not be &C.
copied as highly prosperous. Tho En-
glish agriculturiSt would be glad to
exchaD 20 the returns of his labor for
those of the American farmer and the
Manchester workmen their wages for
those of their fellows ut Fall River"
TARIFF REVENUE.
ut is not my purpose to renew the
argument in favor OF a protective tariff.
The result OF the recent election must
be accepted as having introduced new
policy. We must assume that the pres
ent tariff, constructed upon tho lines Of
protection, is to be repealed, and that
there is to be substituted for it tariff
law constructed solely with reference to
revenue; that no duty is to be higher
because tho increase will keep open an
American mill or keep up the wages of
American workmen, but that in every
case such rate OF duty is to be imposed
as will bring to the treasury OF tho
United States tho largest returns of
revenue The contest has not been be-
tween schedules. but between princi-
pies, and 1t would be offensive 20 sug-
gest that tho prevailing party will not
carry into legisla ton the principles ad.
vocatcd by it and the pledges given to
tho people.
The tariff bills passed by tho House
of Representa- ives ut tho last session
were, as suppose, even in the opinion
Of their promoters inadequate and justi-
fed only by tho fact that tho Senate
and House of representatives. wero not
in accord and that general revision
could not therefore be undertaken.
Il recommend that the whole subject
OF tariff revision be left to the incoming
Congress- 1t is q matter of regret that
this work must be delayed for at least
three months for the threat OF great
tariff changes Introduces so much un.
certainty that an amount not easily
estimated of business inaction and of
diminished production will necessarily
result"
The President here devotes large
tective tariff and the evil effects that
he fears will follow changes in the
law.
OUR FOREIGN RELATIONS.
"Our relations with the other nations
are now undisturbed by any serious con-
troversy. The complicated and threat.
ening differences with Germany and
England relating to Samoan affairs,
fisheries in the Boring sea, and with
Chilli growing out Of the Baltimore az.
fair, have been adjusted.
Especial care has been taken to
secure markets for farm products in
order to relieve that great underlying
industry Of the depression which the
lack of an &C eQuate foreign market for
our surplus often brings. An opening
has also bcen made for manufactured
prod ucts that will undou btedly, if that
policy is maintained, greatly augment
our export trade. The full benefits OF
these arrangements cinnot 10 realized
instantly. New lines of trade are to be
opened. The commercial traveller must
survey the field. The manufacturer
must adapt his goods to tho new
markets and facilities for exchange
must be established. This work has
been we'll begun by our IL erchants and
manufacturers having entered the new
fields with courage aud enterprise"
The Presidentn reviews the Beripg
sea controversy, and relates tho progress
that has been made towards its settle
ment. Re also discusses the canal con-
troversy with C.nada and the efforts to
mako q reciprocal treaty, attributng
the failura OF the latter to The fact that
Canada could make no trade concessions
in favor OF America to the disadvantage
of the mother country. He suggests
that radical revision of trade relations
with Canada should be made and saws:
Our relations must continue to he init
mate, and they should be friendly. |
regret to say, however, that in many OF
the controversies, notably those as to
the fisheries On the Atlantic. tho scaling
interest on the Pacific and the canal
tolls our negotiations with Great
Britain have continuously been
thwarted or retarded by unreasonable
and unfriendly objections and protests
from Canada.
"In the m after Of canal tolls our treaty
rights were totally disregarded 1t is
hardly too n UGH to say that the Cana
dian Pacific and other railway lines,
which parallel our northern boundary,
are sustained by commerce having either
its origin or terminus, or both, in the
United States. Canadian railroads com.
pete with those OF the United States for