The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1892-09-07

issue OF the greatest Importance is the
tariff on imports, and it will continue TO be
until a settlement is effected by majority
so large that it will be tantamount to a general
acquiesence. The Republicans are agrees
siVe on this subject Two years ago they
passed general enactment known as the Nc
Kinley tariff, which for the time failed TO meet
with popular approval and was regarded with
certain degree OF distrust by those who always
upheld the protective system, but powerful
reaction came and in consequence
vindication of the Mckinley tariff by
experience. 1t was found to work
admirably and within the last year produced
the greatest volume of business, internal and
external, export and import, that the United
States ever transacted before Notwithstand-
ing the character and extent Of the opposition
to 1t agriculture had been remuneratige, manu-
tacturers prosperous and commerce more -four
lShlng than at any previous time, thus vindi-
eating the Mckinley tariff by impressive
and undeniable series of facts. Against this
tarlH the Democratic party has taken posi-
| ton almost without parallel in the history OF
the country. They reject entirely the doctrine
OF protection pronounce it fraud and anathe-
this effect was adopted by the Dem
Ocratic convention against the reports
! OF the committee on resolutions by two
| thirds vote, thus manifesting the intelligent
| participation o. every man in the convention.
| Sometimes resolution may be adopted in
haste or just when convention is adjourning,
| 1t may fail TO receive the attention of the men,
| bers, but this resolution was debated pro and
con and adopted after contest and was per-
fectly understood by the members of the con-
vention. 1t IS contained in these words: I'VE
| denOunce Republican protection as a fraud
upon the labor OF the great majority of Ameri-
can people for the benefit of the few. We de-
| clare 1t the fundamental principle of the Demo
cratic party that the federal government has
no constitutional power TO impose and collect
| tariff duties except for the purpose of revenue
| only. We demand that the collection of such
taxes be limited to the necessities of the gov
eminent when honestly and economically ad-
miniStered."
Ii any one will take the trouble to read the
resolutions by which Mr.. Ca houn sought to de-
| fend his notification scheme in 1888. he will
| find the tariff platform OF the Democratic party
| in general harmony Herewith and If he exam
ines the subject furthet he will discover that
the duties in the compromise tariff which rec
onciled Mr. Calhoun and appeased his angry
] followers In South Carolina, are OF a more com
prehensive character than those contemplated
| in the Democratic resolution of 1892. Demo
Gratis are in the habit of naming Jefferson as
| the founder of their party and yet on the sub
ject of tariff they are in radical opposition the
| principles laid down by Jefferson. Toward the
close OF his administration the revenue from the
tariff on imports produced considerable sur
| plus, and the question was, should the tariff be
| reduced, or should this surplus be maintained9
Jefferson pointedly asked:
"Shall we SuppressiimpOrts and give that adj
vantage to foreign over domestic manufac-
turers?" For himself he recommended that
imports be maintained and surplus created .
| which should be appropriated to the improve
! ment of roads, canals, rivers and education.
| II the constitution did not give sufficient
| power 10 warrant these appropriations Jeffer-
son went SO far as to recommend that 1t be
| amended. This presents the highest condition
of affairs upon which the tariff can be justified,
| and Jefferson did not hesitate to recommend
| it. The Democrats OF the present day, it
| is needleSsto say are in direct opposition to
| the policy which Jefferson thus outlined,
| and adhered to- When the principles OF recip-
| rocal trade was first proposed to be introduced
| into the tariff system the Democrats showed a
| mo
! gave it their support as long as the Republicans
refused to accept 1t. But when the Republicans
came to approve OF it, the Democratic support
! vanished and instead OF favorlng, we find the
| Democratic National convention passing res
olution hostile to the system. But in spite OF
| the Democratic oppositiun we attained through
reciprocity new and valuable trade, and the
system demonstrated its many advantages. We
| were about to declare sugar, molasSes, coffee
and hides free of all duties in the Mckinley
bill, but instead of that we passed a law by
| which we asked several nations interested what
several nations intimated what they would give
to have those articles made free. We found
| that the privileges which we were about to give
! without cost and without charge would secure
large trade in Brazil, Cuba and Porto Rico,
4 in the Windward and Leeward islands, in British
( Guiana, Jamaica and five Central American
states, and to minor degree in Austria France
and Germany, all in exchange for articles
which we intended to gra tuitously admit. The
free list in the Mckinley tariff was larger in the
number of articles and in the aggregate amount
of their import value than the dutiful list.
What would have been the result to the United
States If every article before 1t was put on
the free list had been made the subject
of inquiry to see what we could get
in exchange for 1t. We omitted to do so for
many years, and that neglect cost the govern
ment advantages in trade which would have
amounted to tens of millions of dollars. This
is the whole of the reciprocity scheme. 1t is
very plain and very simple. 1t secures valu-
able trade in exchange for articles otherwise
destined to be put on the free list. The Demo
cratic party think they can discredit it and they
make the effort apparently for the unpatriotic
reason that they did not originate it.
nr WITH all Its gre eaamises war
tional currency. There are many who
will say it was worth the cost of the war 10
bring about so suspicious o result to capital
4 currency system of any enlightened nation.
Banks were thoroughly irresponsible. They
existed by The thousands throughout the
United States. Whenever one of them failed
among the people. No one was responsible for
the bills and they were generally found scat
tered in he pockets OF the laboring man. to
whom they were total loss without any re-
demption whatever. All this is now different
Every paper dollar that circulates among the
people has the United States behind it as
q guarantee All banks exist under the con-
troll of the national government. and if they
fail as financial institutions the government
has taken care of their bills, which shall be
paid by securities deposited in government
vaults. Under these circumstances it Is a
matter of extraordinary surprise that Demo
cratic convention should deliberately pass 9
resolution for the revival of state banks. Pal
pable for policy, If carried out, would be to
cheat the poor man out of his daily bread il
state banks be adoped and their circulation at
tain large issue. No device could be more
deadly for the deception and dispOilment OF all
: commercial and laboring classes How the
Democratic convention came to make such a
declaration. who is its author will remain q
mystery. l heard an argument adduced
hot VI q OF