South Branch intelligencer. [volume] (Romney, Va. [W. Va.]) 1830-1896, 1892-09-30
chiseis and other tools he works
with.
PROTECTION is PARTIAL.


favored productive interests; now,
has not one productive interest as
much right to be protected as
another.
/ A. Yes: but a policy that pro-
tects all interests, benefits none.
The taxes which each receives from
the others, 1T pays back to the 9TH
ers. In the illustration already
presented, where ten men living in
the Same community, agree to pay,
each, tribute of 81 week to each
OF the others, no one is gamer, and
the scheme results in nothing.
z. Is it necessary, that protec-
ton, to be effective, must be par
tisl, and exhaust its benefits upon
a favored few?
A. 1t is.
Q. Then, the benefits to the fav-
ored few are at the expense OF all
others.
A. They aro-and this must be
so, OF necessity. The enormous
profits which the favored interests
m Ike. must come from somewhere
and as they cannot come from
outside the country, they must
come from the inside; as they cam
not come from foreigners, they
must come from our own people.
Q. How are they obtained from
our own people?
A. BY protective tariff which
compels them to pay $3.50 for me-
cessaries which are worth only 81,
and which they could buy for 81 in
a free market.
q. But is it fair for the govern
ment to extend to favored indus
tries benefits which it denies to 9TH
ers, and which are at the expense
Of the others.
a. 1t is not; it is most unfair.
q. Where are the favored indus
tries to be found?
A. Chiefly in the nine manufact-
uring states the six New England
states and New York, New Jersey
and Pennsylvania.
THE RICH NORTHEAST.
Q. II these states are the chief
benefciaries of the protective poll
cy, they ought to be more prosper
Gus than the other states.
A. They are moro prosperous
The report Of the Comptroller of
the Currency shows that the aggre-
gate deposits in all the Savings
Banks of the country in 1880 were
81, 425, 900, 000-aad Of this, ST.
2l4, 900, 600, or nearly -sevenths
was In the nine manufacturing
states, and only s21l, 900 600, or
one-seventh, in all the other states.
All the banking institutions in the
land, national, savings, state, pri
vate. and trust companies show to-
tai capital, surplus, undivided pro.
fits and deposits of S5,2OI, 900 COO
and more than three -ffths of
this, or $3,377, 600, 0e0-is in the
nine manufacturing states, and less
than two-fifths, or 81 1923, $40 900
In all the other states.
Q. This certainly shows chat the
manufacturing states have q great
deal more money than all the other
states; but do not the other states
have other forms of wealth?
A. What forms?
@. Lands, improved farms and
railroads.
A. Yes: these kinds of property
constitute the chief wealth of the
agricultural states, and if they were
owned By the people of the states
IN which they are found, they
might be considered pretty well
OF; but we have just seen that the
agricultural states do not own the
railroads IN them; these roads be-
long to persons living elsewhere.
chiefly in the manufacturing statos
and In addition to this, the man
ufacturing states hold mortgages on
very large proportion OF the farms
and other real estate in the apricul-
tural states. In short, tho manu-
featuring states own, not only them
selves, but one-fourth TO ene-h2lf
the wealth Of many OF the agricul-
tural states.
Q This looks like q hardship,
but how can it DO helped9 Have
the people Of the West and South
any right to complain because their
countrymen are rich and prosper
Gus, and invest their money in
Western railroads, and loan Il ont
on Western real estate mortea0es9
a. Certainly not. Let orr conn. |
trymen OF the East prosper and
grow as rich as they may and can. /
oy their own industry, intelligence |
and skill. We viii rejoice at their /
prosperity. But ne arc talking !
about tho protective tariR-asd I
the question Is, whether that il (
INST and wise policy which favors
the more prosperous states at the
expense Of the least prosperous
ones; which taxes the money. Dor
rowing farmers Of the West for the
advantage Of the money-lendine
manufacturers Of the East; and
which exacts tribute from the 81
per cent profits Of agriculture to
protect and encourage Eastern in-
lustries that pay Is to 40 per cent.
Inc most profitable vocation ia the
country 70 manufacturing, and the
Ioaef rroefok1r E.