Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1892-04-14
Thoughts for Young Men.
NOT
OUR COUNTRY UNDER REVENUE TARIFF

country under revenue tariff? View
the scenes of rum which marked the
periods from 1917 to 1928. and from
/ 1885 to 1912 and from 1876 to 1860.
The periods of revenue tariff. have been
marked by enormous expansions and
contracuonS, financial crises, private
ruin. and such destruction of national
credit that at the close of Mr.. Buchan-
ans administration the Treasury could
not find banking house in Europe TO
loan them single dolla7. "A President
discounting the warrants for his quart
el's salary in brokers shop!' Ths
! is the record of the democratic party
composed of the same elements as then
asks to be intrusted with power to over
| throw the methods by which our safety
and prosperity have been assured, dis
pite their oppositions! The Treasury
succeeded in getting small loan from
our banks at II per cent.
Ten years after the enactment of the
Walker Revenue Tariff. President Bu-
cnanan, in his. message to congress,
Dec. 1856, said: 1.-The earth has yielded
her fruits abuudantly and has bounti-
fully rewarded the toll of the husband
man. We have possessed all the ele-
ments of material wealth in rich
abundance, and yet, Notwithstanding
all these advantages, our county, in its
monetary interest, is at the present
moment in depIorable condition. In
the midst of unsurpassed plenty in all
the productions and in all the elements
OF national wealth, we find our manu-
features suspended, our public works
retarded, our private enterprises of all
! kinds abandoned. and thousands of
useful laborers thrown out of employ
ment and reduced to want" And on
Dec. IA, 1860, President Buchanan, in
his message to congress, said: Panic
and distress of a fearful character pre-
yais throughout the land. Our laboriDg
population is without employment, al d
consequently deprived of the means of
earning their bread. Indeed, all hope
seems to have deserted the minds of
men," The above extracts are from
high democractic authority and shows
the condition of the country under a
revenue reform tariff The democratic
revenue reformers of to- day would
reduce the country to the condition of
1856 to 1860 if they had the power.
They seem to learn nothing from pre-
vious disasters of their folly.
After more than forty years study of
the tariff question, we yet fail to COM
prehend how an intelligent American
can advocate free trade. During the
entire existence of our government
prosperity has never been known ex-
cept under A Judicious Tariff, while
depression has never occurred except
when following lowered tariff.
''All the hard times without exception
suffered by the American people from
1889 to 1861, the whole period during
which any tariff for revenue only been
in operation. have been under the anti
protective system of duties on imports.
"All the prosperity enjoyed by the
American people, absolutely all of it.
without any exception what ever, from
the beginning of the Union until now,
has been under the rule of tariff pro-
lection"
Thrice has protection redeemed our
country from ruin. The disciples of
Wayland. Calhoun and jeff Davis if
allowed to make another experiment
with their pet humbug, would bring
financial ruin to our country.
The Hon Frank Hurd of Ohio says:
The whole basis and foundation of
Protective Tariff is an increase of price
ON articles of consumption This is
untrue in theory, and still more untrue
in practice. 1t is astonishing that any
intelligent man who knows any thing
about the question should assert this,
when its untruthfulness has been shown
over and again. A Protective Tariff is
never levied to increase the price on
articles of consumption. Such tariff
would be one for revenue only. and not
a protective tariff in any sense.
Example: Before we manufactured
steel rails, England charged us from
$3.50 to Sl60 per ton. In 1867 we be-
gan to manufacture steel rails, and in
1877 ten years after steel rails were
reduced to $40 per ton and in 1885 to
So 80, aud since Thea they have been
IS low as s24. 50 and to-day they are
selling as low as they are in England,
Notwithstanding there is a duty Of S14
per ton. Does the consumer pay the
duty ID fact lie can now buy for the
same money five times as much under