The weekly Union times. [volume] (Union C.H., South Carolina) 1871-1894, 1892-12-16
. VOL. XXIII.---N SERIES,
!lightly IA sxpsss Of the vsssel tonnage pass
mg through che Detroit River.
SAVINGS OF rae rEopLe.


Another Indication Of tho general pros
perity Of the country Is found In the fact
that the number Of depositors In savings
banks increased from 693. $40 In 1860 to 4
9ss:s93 in 1890, AN increase Of 5l3 per can't.
5O4 in 1850 to 81, ,524, ,sII, ,5os in 1885, an in.
crease OF 931 per cent. In 1891 the amount
OF deposits in savings banks was 81, ,633, ,07D,-
f49. 1t is estimated that 80 per cent. OF
these deposits represent the savings Of wage.
months ending September 80, 1891, amounted
to s41 ,049 800, S0S. For the same months in
1892 they amounted to $45, 1S9, ,60l ,947, an OK.
cess for the nine months Of "a, 1921, 189.
There has never been q time In our his
tory when work was SO abundant or when
wages were as high, whether measured by
the currency in which they are paid or 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 of ag-
r'cuiture that the farmer cannot produce
upon orders. he must SOW and reap in ig.
norance OF the aggregate production Of the
year, aud is peculiarly subject to the depre-
citation which follows overproduction.
VALUE OF FARM PRODUCTS.
The value OF our total farm products has
increased from 81, 1863 GAG, S66 in 1850 to "a
ticians an increase Of 23e per cent. The
1O6 and their value s2l0, 1913, y25; on January
!. 1892, the number was 52. 39S,0l9 and the
value $241, ,o3l, ,415. On January I. 1891 the
number OF cattle was 38,s75,6iS and the
value s4t, l2a. .90s; ON on Janusry !, 1892: the
749, 155.
II any are discontentei with this state
here; il any believe that wages or prices,
the returns for honest toll, are inadequate,
they should not fail to remember that there
&c Of FRY In, fHa xu1!,a In
conditions that seem Co 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
their fellows at Fall River.
A WORD FOR PROTECTION.
believe that the protective system, which
has now for something more tn IN thirty
years continuously prevailed in our IegisIa-
tion, has been a mighty instrument for the
development OF our national wealth and a
most powerful agency In protecting the
homes Of our workingmen from the inva-
interest to preserve to our working people
rates Of wages that would not only give
daily bread but supply comfortable mar
gin for those home attractions and family
comforts and enjoymsnts without which
life is neither hopeful nor sweet
They are American citigens-a part Of the
great people for whom our Constitution and
Government were framed and instituted
and it cannot be perversion OF that Con.
stitution to SO legislate as to preserve in
loyalty and sense OF interest in the Govern
ment which are essential to good citizenship
in peace, and which will bring this stalwart
throng. as in 1851, to the defense Of the day
when it's assailed.
1t Is not my purpose to renew here the
argument In favor Of protective tariff.
The result of the recent election must be ac-
cepted as having introduced a new policy.
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 q tariff law constructed solely
with reference to revenue; that no duty 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 IL to be imposed as
will bring to the Treasury Of the United
States the largest returns of revenue.
schedules, but between principles, aud it
would be offensive to suggest that the pre-
vailing party will not carry into legislation
the principles advocated by it snl the
pledges given to the people. The tariff bills
passed by the House Of Representatives at
the opinion Of their promotors-inadequate,
and justified only by the fact that the Senate
and House OF Representatives were not In
accord aud that a general revision could
not, therefore, be undertaken.
recommend that the whole subject of
tariff revision be left to the incoming Com
gress. It 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. It is possible also that this uncer-
tainty 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 a protective
teriff can well afford to have their disas-
trous forecasts of a change Of policy disap-
pointed. IL q system Of customs duties can
be framed that will set the idle wheels and
looms of Europe in motion and crowd our
warehouses with foreign-made goods, and
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 foreign
workmen upon products to be consumed by
our people Without diminishing the amount
Of work to be done here; that will
enable the American manufacturer
to pay to his workmen from
uICy 10 q nunQreu per C6ut. more III wages
than Is paid In the foreign mill and yet to
compete in our market and foreign MARKETS
with the foreign pro 1ucer; that will further
reduce the cost Of articles OF wear and food
without reducing the wages Of those who
produce them; that can be celebrated, after
its effects have been realized, as its expecta-
tions have.been, In. European as we'll as in
American cities, the authors aud promoters
of 1t will be entitled to the highest praise.
We have had In our history several ex-
periences of the contraste1 effects OF q
revenue and that Of q protective tariff; but
this generation has not felt them, and the
experience OF one generation Is not highly
instructive to the next. The friends OF the
protective system, with undiminished con-
fi1ence in the principles they have ad-
vocated, will await the results OF the new
experiment..
LABOR AND THE -ARtFF.
The STRAINED and too often disturbed rela-
tions existing between the employees and
the employers In onr great manufacturing
establishments have not been favora BILE TO q
calm consideration by che wage Garner of
the effect upon wages OF the protective sys-
tenn. The facts that his wages were the
highest paid in like callings In the world
rmposaoiS 'wtRtenapSs Of this rate OF
nav mo-, evoked by these oontss,. m
the n, ens o. his personal on xosr,.gs, QUESTION in
tbst operstion OF g tariff for rsvar, ence under