Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1892-06-17
PRACTICAL TARIFF STUDY
HOW. THE REPUBLICAN, PARTY
CAN FAIL OR WIN.

ns1istory Coming Back on the Democratic
Psrty-McMillin VI. FAct-Thoss Rage
from Beggars' Backs-uow to FALL
Paragraphs and Illustrations.
TariG Queations Solved.
Question No. a. Why do nearly all the text.
books; used by the colleges. and the advanced
teach free trade:
1. The question slightly errs in az.
Stunning too broadly that the colleges and
advanced schools of this country do
nearly all teach anything relating to the
question of tree trade or protection, and
that they teach through textbooks. On
the contrary, very many of the minor
colleges do not teach political economy
at all; most of those which devote much
attention to it, teach it entirely through
lectures. Many of the professional
economists have no opinion whatever.
on the question n dlsattirm that 1T ia
any part of the business of economic
teachers to take any ground upon either
silver or any other "burEing question"
which is the subject OF party agitation.
The American Economic Assocla-
ton is an association dominated by pro-
tesslonal teachers, comprising upward
of 500 members, which holds annual
meetings and publishes extended dlp-
Cussions, and the American Academy
OF Social and Political Science and the
American Statistical and Social Science
associations represent the came class,
but none OF them has, SO TAR as we know,
ever discussed or published a paper on
the tariff question, on the United States
Bank, or on any currency question
which has become a political issue, or
more b n on the silver question.
9. The polite, discreet and current
policy of American collegesis to profess
neutrality, impartiality or Indifference
concerning the tariff question, as being
one an aggressive attitude upon which
cannot attract students and may repel
them. These follow in the wake of the
American Economic Association. If
they use a text book they use Walkers
or Ely's, which aim to be neutral.
Those who lecture quote the free trade
and protectionist text books as present.
ing adverse positions. The chief ex-
c!eptions have been Yale, Harvard, Will
Jams and Michigan, where Sumner,
Perry, Dunbar, I4aughlin, Taussig and
Adams have agressively advocated free
trade, but of late in q more subdued
tone.
8. Political economy as taught in
the colleges has been mainly written
and is constantly being rewritten by
men like Stuart Mill, Ricardo, Bastiat.
George, Carey, Amasa Walker and the
like, who never entered college; or by
men like Adam Smith, whose expert.
ence in college has caused themto write
labored treatises to prove that colleges
are not what they ought to be. AS in
b case of Calico, the spectacle maker.
M of Franklin and Edison, the cleo.
tricians, it is the world that must teach
the colleges. Really great men first
cross the threshold Of a college, if at all,
either to found it or to teach III, not oft.
en- to learn in it. The business men of
America are as far ahead of the colleges
in practical political economy, as the
manufactures of America are ahead of
its philosophers and theoretical chem
lists in making iron. steel, soap, ink. pa
per or cloth, in refining oil, construct
ing machinery or utilizing steam, sun
light and electricity. Mona OF these
could q pure collegian do.
Question No. 4a. Are not American Bicycles
made as well as English bicycles:
The ordinary American road wheel is
better than any other similar wheel in
y world. Some people prefer En-
gllsh racing wheels; but then some
people always prefer foreign articles to
those of American make. So far ma
strength, durability and beauty are con-
cerned, the American bicycle cannot be
beaten.
Question No. ~. What is the difference he.
tween duty aud tariff.
Duty is a sum of money required by
the government to be paid on the inn
portation of q foreign article. A tariff
Is q list or schedule OF duties.
Question No. 4s. When the duty exceeds 100
and pay US for taking them :
Take a yard of calico for example,
which you can buy anywhere in this
country at 4 cents. The duty on such
goods is 5 cents q yard-thati is l25 per
cent. Who pays it? Why, no me-. 1t
is not paid at all. Yet If there is in
this country IN anglomaniac who in
elsts that similar calico made in Man.
chester, Eng, is worth 5 cents q yard
more b "a that made at home and inn
ports it. he will doubtless pay the l25
per eel duty, and he ought to. 1t is q
tax on his un.American foolishness.
determined to sell his calico regularly IN
U markets in open competition With
the equally good or better American
products selling at 4 cents a yard, then
he must pay the . cents a yard into the
United States treasury ~ sell the
goods at 4 cents a yard, thus losing /
cent on every yard. If he does not he
fails in his effort to enter this market.
As a matter of fact, the Manchester
manufacturer knows better than to
adopt such a course. He looks else
where for a market for his calico, and
leaves the American people in the un-
disturbed enjoyment of the cheapest
and best calico to be found on the face
of the earth.-Americon Economist.
Party.
The other day the Hon. Robert E.
Doan, of Ohio, created no end of merri-
ment on the Republican side of Con-
gress, and no little confusion among the
free-trade "reformers," by quoting
from q Democratic pamphlet circulated
In his state during the campaign of 1883.
The tariff act of that year, wherein the
duties on wool were slightly reduced,
had just become Q law, and the Demo.
cratic leaders called unon the naonIo to