New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-07-17
DEMOCRATIC DOCTRINE.
TIE CHICAGO TARIFF PLANK DISCUSSED
~ TIE HON FRANK HURD.
EVEN INCIDENTAL PROTECTION TO BE AVOIDED
INTERVAL REVENUE AID INCOME T\Abo
TO BE MAIYTAINED-No TARIFF ON
FoRFuGN COMPETING ARr.cLEs.


FOREIGN COMPETING ARTICLES.
Toledo Ohio July 1G.-Thc Hon. Frank II. IinrO'
OF this city. regarded the foremost frec-tr'der
I'm the United States. believing the views OF MI
Hard to the platform adopted by the Demorrauc
National Convention are matter OF interest ID III
who Themselves with political matters.
"Blade' representative sought Mr. IIurd. who talked
very freely in to the qGe' tons propounded.
"Does the tarn plank In the Chicago platform
20 far as you would 20, Mr.. llurd And. II nof'
how much further would You go1T
"Thls plank does not declare what would pro
claim rs an issue In the campaign. 4 alone were 10
make IT, believe in the right OF every man To
trade with every other human being who lives by
trade that the law has right TO interfere with
his transactions or traffic. unless there shall BE- some
Ovcrpowering necessity for snch intcrf renee Even
then, think the freedom OF TO trade should be
undisurbod and the revenue Of the Government
should be raised in some other way. | an ab-
soluc free trader. and while am content with the
platform declaration against protection would be-
better satisfied 4 II lad made u uncqulvocal
declaration for commercial liberty. Tile Issue l.
only half made when II Is between tariff for pro
tcctlon and tariff for only. and 1t will only
lie fully made when made between tariff for protcc-
lion and free trade
"tndcr n system Of absolute free trlde. how wouid
You raise The needed revcnue?7
al would raise it by taxes on whskey and Other
lluuorS and tObacco-dlrcct taxation upon thenl-nnd'
of course. equal taxes on foreign liquors and lux"s
OF that sort imported into this country, they cond
all stand the same basis, by taxes on incomes
above $4,000 per year and on articles which are MOI
produced AT all in this country. This OF course, Is
inconsistent with The idea Of absolute free trade, but
prefer it for the present. | would also put direct
tax on land values With this and the taxes on IN
comes Injuries and on articles rot produced III inns
cOuntry-in which there cannot be an element OF pr"
teciion-wc would raise enough TO pay the expenses
Of the Government and, soon as the education OF
the people should BE- far enough advanced, would
put tax on land values. especially on the unearhei
increment in value which has been made BY the growth
Of the population in cities
ADO You understand the Democratic position 10
mean free trade in competing artcleS'
IL understand the platform tn declare that there
shall be no taxation upon articles imported INTO inns
country which into competition with similar a
tices produced this country; that IS, that the IN"
shall not lie used the protection of the manufacturer
Of an article into competition with which some foreign
article comes"
"Therc is no room for Incidental protection then,
under your interpretations
Il do not see where there Is any distinction be
tween protection and Incidental protection III the
former Is declared fraud that includes the latter
The hest way | can give yon an idea Of this IS by
tcll,ne YOU what sam Cox said In private con
versauon. lie said that when man came to rob
Won of $50 which h. knew that you had In your
nockct n he should incidentally at the same time
relieve You OF your watch and any other vauao'es
that you might have. he did not see but that the
hitter was lust as much robbery as the former
"That u.s. the Democratic deverancc on the tnrih
advocates n system such as Grea. Britain now has,
81 do know that the system Of Great Britain Is
the closest approximation To free trade Of any system
I know Of and should be very GLAD to Know that
the Democratic party had declared In favor OF that
system The wealth and power Of Great Britain all
OF her great statesmen say are directly due to her
sys,em Of taxation and methods OF free trads. Inc
money that practically controls the world Is In Lon
don and under It's control, and the flag OF Great
Britain practically dominates the ocean whose waters
are free to everybody and TO all. My study OF the
subject teaches that the magnificent success OF
Great Britain Is the result Of free trade-such Tree
trade AS she has. surely, II our system OF taxation
be modelled after that Of Great Britain. In that re
cor, then our supremacy would be advanced on the
high seas and should not all have 10 go 10 LONDON
To borrow money Vt a high rate OF interest,"
al presume Won consider tho leading ssues OF the
campaign TO be the tariff and the currency QuestionsF
IL am rather disposed to think that the utteances
Of the Democntic and Republican platforms on the
currency question qre not very definite. That IS.
understand both OF them against the free coinage
Of silver but Of the conviction that neither OF
them has approached declaration Of the truth upon
that subject think the science Of political economy,
the experience of the world and tho present practice
81 all civilized nations teach that there can be but one
standard and that gold and think neither party has
done itself any credit In the declaration ~ mas mace
uIDn the currency question"
How would Won answer the statement that there
is NOT enough gold In the country TO serve rs basis
for business"
"As measure Of value, II is not necessary that
there should be more than one dollar one single gold
dollar Ia the Treasury Of the United States, will
measure all the values Of the United States. As
circulating medium, a means OF interchange. gold
cuts n very small figure Paper currency bills OF ex
change bank notes, and commercial paper generally,
do all that The only thing TINT Is required TO be
known IS that the measure Of value Is gold The
Government Of course, far ms II has It's promises
pnt out must enough on hand to redeem in gold
and I suppose the Government will always keep
sufficient SIMPLY 10 redeem Its promises"
You regard IL as an error then for the Chicago
notforn 10 say that the dollar uni. OF coinage
both metals must be equal and OF intrinsic vnuep n
at Is simply impossible TO have such IN arrange
ment There can be but one standard, and that
under present conditions, is gold.'
ado you agree with the platform In It's declaration
In favor Of the repeal OF tho 10 per cent tax on the
circulation Of State banks u
Most certainly. have always regarded the
usurpation Of all banking powers by tie Federal
Government so far as bank currency Is concerned
as a great outrage. IL fixes the Same system of
banking for Montana and Rhode Island I. cOmpels
the same methods and the same character OF securities
for circulation for the whole country, without regard
TO the difference In locality products and wants Of
the people OF the different sections. 1t has, therefore,
been an obstacle In the way Of fair distribution
OF banking currency. Besides have always believed
n National banking law TO be unconstitutional I