St. Paul daily globe., 1892-08-26
Friends of the Ohioan's Mon
strosity Convicted by Off,
eial Returns.
Bankruptcy and Mortgage
Statistics That Speak for
Themselves.
Washington Democrats in a
Bad Tangle Over Canal
Schemes.

persons assembled today on the grounds
of the Detroit International Fair and
Exposition company, it being political
day." and there being present promi-
nent speakers of the different parties,
who made addresses of some length in
favor of their respective political be-
llefs. The speaking began a o'clock.
Ex-Congressman Dunnell, of Mime
sofa, represented the Republican party,
and was we'll received by those present.
Col. Morton, of Chicago. made strong
speech in favor of the Peoples party
crusade, and was followed by Congress
man William NJ. Springer. of Illinois.
who received a flattering reception
when he rose to speak on behalf of
Democratic tenets. He discussed ma
tional politics, dwelling particularly
upon the tariff question. He said, in
part:
One of the stock arguments of the
protectiOnistS is that under the system
of protection which has prevailed in
this country for more than quarter of
a century, our country has been
brought to the trout rank in agri-
culture, in mining and i'll manufactures.
Ii protection has accomplished SO much
for our country and people, it must also
be held responsible for the evils which
have sprung up under it, and which it
seems rather to foster than to abate.
Bankruptcy Record.
Turning to the bureau of statistics of
the treasury department find that dur
ing the past twenty-five years, while
protection has prevailed in all its vigOr,
,,f fri Hs hox
army of individuals, firms and corpora
tons in the United States, amounting
in number to nearly two hun.
dred thousand, have succumbed to
the pressure of hard times, and have
gone in bankruptcy. Their aggregate
liabilities have exceeded $500. .000, 600.
But this is not all. 1t appears that the
number of commercial failures increased
in 1891, as compared with the year 1889,
the year before the passing of the Nc
kinley bill, IL per cent, and the liabili-
ties Increased 27 per cent.
The census bureau was requested by
the act of congress to collect and make
report upon the number and amount of
United States. in 1890. Reports as to
only six states have, up to this time,
been published by the census office,
namely. Alabama, illinois, Iowa. Kan
sas, Nebraska and Tennessee. In these
six states it was found that there was
an average OF S9l.G0 per capita of the
whole population of those states. of pri-
vate Indebtedness, secured by
Mortgage Upon Real Estate.
If this average is maintained through
out the Union, the whole of such in
debteduess III the United States will be
fOund to exceed five and half bill
ion of dollars. In the state of
Iowa. it appears that there
were 21,G00.000 more Of mortgage i'll
debtedness recorded in 1890 than in 1880
-au increase of S2,OO0.000 a year in that
state. The percentage of mortgage
indebtedness in that state in ten
years was IS. In Illinois it was l58; in
Kansas it was over 200: in Alahama it
was 4I3: in Tennessee it was SO. In
the whole country the interest charge
on mortgage Indebtedness, at an aver
age of le'r cent, amounts to over
S3d5. GOO, 900 year.
The peonie who are struggling under
this mountain of debt are the victims of
high protective tariffs. What does pro-
lection cost the people of this country?
| have given much thought and study to
the subject, and it is my candid OPINION.
based upon carefully prepared data and
official statistics, tina. within the past
thirty years, during which time the pro-
tective system has prevailed, the people
of the United States have paid In
The Increased Cost
of domestic commodities by reason of
the tariff on foreign products of like
character, sum exceeding sixteen
billions of dollars. This is in addition
to the five billions OF dollars actually
received by the government on
foreign products. Every dollar of
this vast sum was wrung from
the hands of toll and bestowed
upon the beneficiares of the tariff or
wasted on Improbable industries. 1t is
the price the people have been required
TO pay for sO-called protection to Amer
icanindustries.
If any evidence was needed to prove
eonclusively that the tariff does not in
crease wages, it is furnished by the re-
port of the senate committee on finance,
submitted by Senator Aldrich, at the
close of the last session of congress.
Let ME read portion oe that report
under the heading of Wages"
1t appears from the report of the
Statistician employed by the committee
that i'll fifteen general occupations
selected by the committee, wages
were three fourths of one per cent
higher in September, 1891. than
in the three months June, July and
August selected as basis in 1889. and
that the wages in the special industries
selected were thirty one hundredthS of
one per cent higher than at the begin
ming of the period"
The Toiler's Gain.
The Mckinley bill increased the tariff
OH protected articles 26 per cent on a
general average, but its friends claim
that wages have increased in these Ii
industries since its passage less than l
third Of per cent. In other words, the
laborer in these selected industries, who
received $3.50 day before the Mckinley
act passed, may now receive one-half
of cent day more. If this
statement of alleged increase in wages,
after the passage of the Mckinley bill.
and by inference as result of its pas
sage were not made 10y able and dis
senators, leaders of their
party, it would be received with scorn
and contempt aud denounct d as cam
paign lie, invented by wicked Demo-
Gratis.
The Democratic party insists that this
tax shall bear heaviest upon articles of
luxury, and slightest upon articles of
necessity; that it shall bear heaviest
upon articles consumed by the rich, and
iighEss upon those who are poor.
1t further insists that what
ever is paid on account of the
tariff shall go into the Duilic