Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1892-09-16
GOVERNOR M'KINLEY.

portation of foreign goods until our
money runs out; multiplied our foreign
obligations: produced balance of trade
against the country; supplanted the do
nestle producer and manufacturer; i'm
paired thefarmer's home market with
out improving his market abroad; under
mined domestic prosperity; decreased
the industries of the nation; diminished
the value Of nearly all our property and
investments, and robbed labor Of its just
rewards! The lower the tariff the more
widespread and aggravated have been
those conditions which paralyze our
progress and industries. This is the
verdict of history.
Industry and property were excessive
ly depressed from 1884 to 1890 and again
from 1918 to 1924 under the low tariffs
then in operation; also from 1887 to the
end of 1942 under the compromise act of
1888, and again from 1916 to 1861 under
the free trade tariffs of 1916 and 1857.
The depression which prevailed during
all these periods was felt in every indi-
vidual pursuit and national industry.
On the contrary, the industries and en-
ergies of the nation revived as if by
magic from 1926 to 1884 under the pro-
tective tariffs of 1924 and 1928, and also
from 1S43 to the end of 1916 under the
protective tariff of 1912. Our progress
in industrial development and prosperity
from 1861 to the present time under the
Morrill, tariff and its supplements finds
no parallel in the worlds history. Labor
was never better rewarded than it is
now.
Mr.. Edward Atkinson, a careful stu
dent and himself tariff reformer, re-
Gently wrote, "Tho share of the annual
product which is now falling to work
men, in the strictest sense, is bigger
share Of bigger product than workmen
have ever attained before in this or any
other country"
Invention, improved machinery and
new processes, stimulated by our indus
trial conditions, made possible by pro-
tective laws, have improved the prod
ucts of our workshops and have brought
articles of comfort and necessity within
the easy reach Of the masses, with no
diminution of the rewards Of their labor.
We believe the American policy is
best adapted to our citizenship and civil
ization, and this belief Is sustained by
| the highest American authorities from
Washington down, and by a hundred
years of experience. We know what it
has already accomplished for self gov
erned people. The world knows of the
wonderful progress we have made. If
this policy is to bo reversed it must be
done not by clamor and misrepresenta-
ton, not by schoolmen and theorists,
not by falsehood and hypocritical solici-
tude for the poor mar, 80 ~ exaggerat-
ed laudation 81 the cheap coat, but after
by the sober and intelligent judgment
Of the majority constitutionally regis.
tered. 1t will never be so reversed
while we remain u nation of political
equals. Time and experience have vim
Dictated the great system; time and
truth will vindicate the new law, which
was founded upon it. False witnesses
will be COMPOUNDED by the unimpeach
able testimony of trade and experience
Their portents have already been i'm
peached. False prophecy must fall be
fore good times and Astounding pros
perity. Campaign prices have already
been convicted as campaign lies. New
industries are being founded; Others
now established are charging their ca
pacity. Idle mills are being started
The only menace to our advancement
and prosperity, to our wage earners ant
farming interests, is the party which il
pledged to the repeal of the new law
and the substitution of the British sys
tenn in its place. Free and full discus
sion will avert the danger. Nothing
else will.-William Mckinley, Jr.
| Wanted at the office of the New Mex