Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1892-04-21
Thoughts for Young Men.

In 1888, through disgraceful COM
promise with southern nullifiers, pro-
lection was abandoned. AS result
again inanfiai depression followed. and
business grew worse ard worse till the
financial crash Of 1887, when wheat sold
at 70 cents Per bushell. flour at S1.00
per barrel and lumber at $500 per
/ thousand. In those detachable DAYS of
a revenus tariff it required Ten bushels
/ of potatoes to buy q crnckery tea pot.
+ one and one half bushels of wheat to
buy pound of coffee. and 121 barrels
of flour to buy 8 yard OF foreign free
/ trade broadeloth. II Ohio money was
SO scarce, that at sheritf's sales good
| horses sold for 90 90 each, cows at 81 90
and hogs at 81 cents apiece. This
state OF things continued until 1872.
when a highly protective tariff was
| passed; and as a result, business revived
everywhere, and prosperity shown
forth. Protectionist plant themselves
upon this fact, of cheapness aud superb
ority as upon impregnable grounds.
/ Free traders may tax their ingenuity
and produce a thousand speculative
| solutions to the fact. bat the fact itself
will remain undisturbed. Protection
has not only reduced the cost of articles
TO the consumer, but has increased the
price of labor. From the books of
cotton factory, they paid in 1860 weav-
ers So 90 per week; in 1887, $1,000 per
week, spinners $500 per week; in 1887
/ $1,000 per week, and so on.
The political economist of the free
trade school are at least % years behind
the most advanced thought of the world.
| The greatest minds of Germany and
England have discarded the free trade
theories, ss well as all the great states
men of the world Bismark the great
| est statemen of Europe holds the
political economist of the schools in the
utmost contempt He says, '-that they
have formulated theories, which when
| applied to the affairs of life, are praeti-
cal nonsense. Facts, figures, and
history as well as time and experience,
have demonstrated the truth of pr0tec-
ton, and that the free trade theories
are false, and their prophecies are never
fulfilled.
1t is strange that there is party who
would derange the business of the
country and raralize our industries, bv
adopting a theory that has been tried
time and again. and has always failed.
We reduced the duty in 1888 on certain
articles in the wool and wooden sched-
ules and the revenue collected on those
articles has increased over eleven mill
lions of dollars. the Secretary of the
Treasury said that the manufacture of
worsted goods must soon cease, unless
the tariff is restored. Thanks to the Nc
Kinley bill it has been done. and the
| industry has been wonderfully acceler-
ated. This industry has been built up
since 1861 and uses up over 53,000,000
pounds of wool, employs over 10000
operatives, and over $50, 900. 600 capital.
viii any one say that it is wise to
sacrifice them? Let them live. Let all
of our industries live and prosper, and
the Republic will live snd progress.
Search the history Of the world, and
YOU will find that no other nation has
made the progress that we have during
an equal period of time. Our progress
| has been almost marvellous; and to-day
among the nation of the earth, in
wealth, in power, in grandure and in
civilization. the United States stands
the first. In 1860 we had $4,000 miles
of railways TODAY over 100 600 miles,
as many as in al Europe. In 1860 our
manufacturing commodities We're
81, SOC. 100000. To-day they amount
to over $4,000, 600. 600, billion more
than England. or any other country in
the world In 1850 the wealth of the
country was com outed at is billion or
| 10 billion less than England to day
over so billion or 10 billion more than
England Oar foreign commerce in
/ 1860 was S652. 494 Gus. 10 1891 SI704,