New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-10-09
TALKING TO BUSINESS MEN.
SENATOR SHERMAN IN PHILADELPHIA.
THE CHICAGO TARIFF DECLARATION AS BOLD
AS THE REBELHON-BUsINEssI ISSUES

was met by q committee Of the Manufacturers Ciuo'
who escorted him TO a hotel. where an impromp'u 10
ception followed. The latter part OF the AFTERNOON
was spent in a drive through the park TINS evening
large audience assembled In the Academy OF MUSIC
at a meeting given under the auspices Of the Manu-
facturers, club The house filed at O'Clock when
the statesman from Ohio entered company wit1osI
master General Wanamaker, Mayor STUART anu TUB
dent Thomas Dolan. OF the Manufacturers CiuD' Inc
latter acted chairman, and in a few "oruS hiHo
duced Senator sherman the orator OF the evening"
The speaker enthusiastically received ana "neH
the applause subsidized he spoke as follows:
"Felow- citizens. Ladies and Gentlemen Whe'' was
invited TO speak TO you was 10 tna' ''"s wac "
be q meeting Of business men to consider pusi"css
questions involved In Presidential election VII"
therefore oonfne myself business issues dlsthcuy
made between the two great political parties OF our
country The yqs,e aspect OF the tariff question
has been changed by the recent action OF the Demo
cratic National Convention at Cmcago foi ''e ni'o
time In the history OF our country, during loo wear"
Of National nfe has National party dared to proclaim
that tariff for protection Is UNCONSTITUTIONAL anu
Is q fraud upon the aborer for the benefit OF a ie"
This has not been done in secret nor with eduVoca
phrases or limitations, but openly, after debate ana
4 vote, by the strong majority OF Ola yeas % $40
nays, In Democratic convention IN winch every
district and state Territory was fully represented
This is a bold declaration, as bod as the Rebchon
and should be met by the American people In ule
same spirit as they met the Rebellion. There should
he no truce or parey until the issue is determlneo
not by war, but by the voice OF the American peope
The significant fact appears that this resolution was
voted against by the great producing states Oh Tue
North aud voted for by the late Confederate states
that in substance II taken from the Confederate
Constitution; that it III open opposition 10 lho
opinions and acts Of the great leaders OF inc
Democracy living and dead. and among them several
from PENNSYLVANIA, Of whom not tise least was the
sterling Democrat Samuel J. Randall. IL was hia"e
In the face of otenrepeated declarations In Demo
cratic National Conventions, and In spite OF miSo
minority of the members OF the recent convehtiof
The power to impose duties on Imports originally
belonged to tile several States. The right 10 adjust
these duties with view to the encouragement VI
domestic branches Of industry is so completely ioeh-
teal with that power that 1t Is difcuh 10 suppose
the existence OF the one without the ohcr. l"c
states have delegated their whole authority over I'M
ports to the Federal Government without Limitation
Or restriction saving the very inconsderable restric
ton relating to their Inspection laws This authority
having entirely passed from the States, the right
b. exercise 1t for the purpose OF protection docs not
exist them and consequently. II it be not possessed
by the General Government. II must be e%t,hc'
Our political system would thus present the anomaly
OF a people stripped Of the right to foster their own
industry aud to counteract the most selfish and de-
structive policy which might be adopted by foreign
nations This surely cannot be the case; this indls
pensable power thus surrendered by the States must
be within the scope oil ulc aulhority On
expressly delegated to Congress.
"They tell us also that Protection is a fraud upon
the labor OF the American people for the benefit Of
the few What hight has the Democratic party to-day
speak for the laboring men Of this country? what
measure has 1t adopted proposed TO advance their
interests TO promote their comfort or increase their
pay? Every one OF the great acts of public policy
adopted by the Republican party which have dis
tinguished the last thirty years has tended TO pro
mote the good of the peOple-of the common people.
as Mr.. Lincoln called them-and none has been more
fruitful good the people and especially to those
who labor than the Republican policy OF protecting
their industry from undue foreign competition. This
rule Of protection has been extended by the
Mckinley law to all forms OF production in which our
people Gun compete with fair wages on equal terms
Congress may not in all cases have fixed the Just
rate OF duty, this depends upon changing condl
tons Of demand and supply, but the principle adopted
is plain and simple-tlat in collecting our revenues
from imported goods will discriminate In favor Of
home productions against foreign productions
competing with ours. This is the Republican policy
of ProtecOn-to and maintain which we ASK the
people OF the United states reclect Benjamin Har-
rson as President OF the United States. and TO elect
a Republican House of Representatives
"If the Republican party succeeds at this election
the protective policy will he maintained and the
Mckinley law will only be changed the experience OF
time demonstrates the necessity Of amendment ii the
Democratic party succeeds we must be prepared LOT
violent changes in tariff laws. 10 be made With
out regard 10 the wages interests OF labor or
of the capital employed In manufactures. IRIS
threatened destruction OF home Industries Ii
made by an unnatural alliance Of the cottoh'sro"ei
I'm the SOUTH the Free Trader In commercial cines'
and the dietanti dudes who nou follow the fashions
OF the Old World because 1T is English you Know
"The second business question OF National polcy
of ueat importance which | have referred Is
whether the coinage of silver shall he free whether
the holder OF 4I21-2 grains Of standard silver or
Treasury OF the Unlt:d states and have it coined for
him into dollar. That much silver IS worth IN the
mated at "a, 900, 100000, and all silver hereafter
6np0o and annually increasing could be Brought TO
our minis and coined into dollars at The expense o.
ss The inevitable effect would be TO the
purchasing power Of the dollar to 81 cents The dol
be worth IN the market nearly ~ TO- D sanre
What Mr. Cleveland would do cannot say lie docs
ten The subject will enter ia;eS nSn - ,o ~
Congress whose position this question Is not dcai
and unequivocal. Now. what We want Is both goa
and silver money, but always maintained at par WITH
each other money having the same purchasing power
How can we ee: It The simple answer is; by putting
,n value to the gold in the gold dollar. If 37l
grains not enough put into the silver coma S ao1
dollar dollar? and thus Settle the ver Question. ~ r.,o
A measure OF graver import than even Free Ira1e
or silver standard Is presented in two lines IN the
platform OF the Denocrac party recently aaop, n@
a Chicago: section 3. We recommend thdi INV ~,
iibtory 10 per cent tax on state bank ISSUES be
renealed What does this meant The tax referred
to was imposed In the midst OF the Civil War, after
full debate and consideration not for the Purpos sr
money issued under the laws OF the several states OF
denominations from 81 TO II 900. AIN now amazed
that any intelligent man. Democrat or Kepubncihn
VINO has lived long enough TO know The truth or has
read The history OF his country, could now be WILLIE
10 open the door again to this kind OF money. Inc
very first financial problem that faced MS at the
beginning OF the war was how to get rd OF IT,
The S,ibTreasury law, d Democratic measure, Tor
babe its use BY tile Government or Its receipt by
smv officer OF the Government. II could not be
saco,ved for taxes IL was not and could not be
made legal tender. Gold and silver disappeared as
usually doe. In the face of war. The only OK
,~dient was 10 tax this socalled paper money out
~ existence It Is this law which our Democratic
x1ends propose to repeal.