The Portland daily press., 1892-09-06

| only begun to realize the benefit of these
! trade arrangements. The work of Gre
| ating new agencies and adapting our
| goods TO new markets has necessarily
| taken time, but the results already at
| tanned are such. am sure, as to estab-
| lish in popular favor a policy of recipro-
rocal trade based upon the free importa-
| ton of such articles as win not Injurious
ly compete with the products of our own
| farms, mines or factories, in exchange
| for the free introduction of our products
| into other countries.
The declaration of the platform in fa-
vor of the american doctrine of protec-
tom meets my most hearty approval.
The convention did not adopt a schedule,
but the principle that is to control all
tariff schedules. There may be differ
ence of opinion among protectionists as
| to the rate upon particular articles nee
| essary to effect an equalization
In some not remote national campaigns
| the issue has been, or, more correctly,
been made to appear, to be a high or low
protective tariff, both parties expressing
| the same solicitous regard for the wages
| of working people, and for the prosperi-
| ty of our domestic industries. But un-
| der more courageous leadership the
| Democratic party has now practically de-
| clared that, If given the power, it will
enact tariff law without any regard to
| it's effect upon wages or upon the capital
| invested in our great industries. A
Democratic Congress, holding this view,
| cannot enact nor a Democratic President
| approve any tariff s,hedule the purpose
or effect of which is to linlitimportations
| or give any advantage to the American
| workman or producer. A bounty might,
| [ Judge, be given to an importer under
| this view of the constitution to increase
| importations and revenue for revenue
only" Reciprocity of course falls under
! this denunciation, for its object and eff
| feet are not revenue but the promotion of
commercial exchanges, the profits of
| which go wholly to our producers. This
destructive un-American doctrine was
not held or taught By the historic Demo
cratic statesmen whose fame as American
patriots has reached this generation, GER
| tainly not by jefferson or Jackson. There
! is not thoughtful business man in the
| country who does noa know the enact
ment into law of the declaration of the
| Chicago convention upon the subject of
the tariff would at once plunge the
country into a business CONFUSION
| such as has never been seen. There is
| not thoughtful workingman who does
not know that it would at once reduce
the amount of work to be done in this
country, by the increase of importations
| that would follow and necessitate the re-
| duction Of his wages to the European
standard. If any one suggests that this
radical policv cannot be executed it the
! Democratic party attains power, what
| shall ha +ho,,nbt Of thn y,arfv That iS eaD-
| able of this
Trifling With Great Interests?
President Harrison reviews the oper-
ations of the existing tariff law by means
of the data furnished by the Senate COM
mittee appointed to make inquiry into
| the subject. He finds that the cost of
various articles of necessity has de-
creased under the. IAalH and there has
been an advance in wages and an ad-
vance in the price of farm products. He
says it is plain the tariff law has not i'm
posed burdens but has conferred benefits
on both the farmers and workingmen.
In regard to the tin plate industry, the
President says: In spite of the doubts
raised by the elections of 1890 and of the
Vaccinations of foreign producers to
maintain their monopoly, the tin plate
industry has been established in the
United States and all alliance between
the Welsh producers and the Democratic
party for it's destruction will not
succeed. Official returns to the treasury
department of the production of tin and
tin plate in the United States during the
last fiscal year show a total production
of 1920, s32 pounds. A comparison of
the first quarter, S25,922 pounds, with
the last, s 000, 900 pounds, shows the rapid
development of the industry. Over
5000, 900 pounds during the last quarter
were made from American back plates,
and the remainder from foreign plates.
This tariff law has given employment to
many thousands of American men and
women and will each year give employ
ment to an increased number. Its repeal
would throw thousands out of employ
ment. One of the favorite arguments
against protective tariff is that it shuts
us out from participation in what is
called, with swelling emphasis,
"The Markets of the World"
If this view isinot a false one, how
does it happen that our commercial COM
petitors are not able to bear with more
serenity our supposed surrender to them
Of 'sthe markets of the world,' and how
does it happen that the partial loss of our
market closes the tin plate mills and
plush factories that still have all other
markets?
The resolution of the convention in
favor of bi-metallism declares, think,
the true and necessary conditions of a
movement that has, upon these lines, my
cordial adherence and support I am
thoroughly convinced that the free coin
age of silver at such ratio to gold as will
maintain an. equity in the commercial
uses of the two coined dollars,
would conduce to the prosperity of
all the great producing and commercial
nations of the world. One essential con-
dition is that these dollars shall have and
retain an equal acceptance and value in
all commercial transactions and that they
shall not only be the medium of ex-
change but the measure of value. When
two unequal measures are called in law
by the same name, commerce is unsettled
and confused and the unwary and ignor-
ant cheated. Dollars unequal in COM
mercial value will not circulate together.
The better dollar is withdrawn and be-