The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-10-16
Democratic and Republican financiering.
1t was done with great power, and left no
loop-hole of escape for the halting Demo.
cratic heRrer

Democratic and Republican financiering.
1t was done with great power, and left 20
loop-hole of escape for the haltIng Demo
cratic hearer.
On THE TARIFF ISSUE.
Governor Foraker then took .up the tariff
issue. The Democratic party. he said. had
and this year gone further than ever before
declared the tariff unconstitutional. He
answered that George Washington. first
President. and presiding officer at
the convention which formed the
Constitution. did not hold it to be
SO, for he had signed the first
bill for o protective tariff. which was the
second bill passed by the United States
Congress He recalled that Madison, some
times called the father of the Constitution;
Hamilton. . member of the conventions:
Webster. ChOate, Jackson and Lin
coin did not hold 1t to be un-
them, and when Calhoun attempted
TO carry out his belief that it WAS uncon-
stitutional by notification. jackson was
about to hang him ss high as Haman. As
against these great patriots. who says pro-
lection is unconstitutional Why, Henry
Watterson. Grover Cleveland and Ad-
1ai Stevenson. lLaughter
The expediency OF the farIffwas the next
phase discussed. Governor Foraker said
there had been fonr periods OF free trade
OF free trade. when. IN colonial days, the
English Parliament had refused the colo
mics the right TO start iires In furnaces. OK
to make bats. or woolen goods. in order
TO restrict the colonies to the production of
raw material. Then there was time. after
the revolution had produced a nation in
embryo, under the continental government,
when free trade prevailed. There WAS no
help for it. because there was no central
authority. IL was a time of poverty.
distress and bankruptcy: Hence arose the
still current saying, Not worth cont,-
mental" Then came q time of national
life and George Washington signed
protective tariff bill. The country be-
gan to prosper and continued to
do 90 until 1882, when free
trade tariff law was enacted. Decline
followed, and in 1887 occurred the most
disastrous financial panic this Nation has
ever seen. In 1910 Old TIppecanoe was
elected on a protective policy, and the Ma
tion Revived. In 1912 the slave
party returned to power, and in 1S46 u
free trade policy was ,oes again , adopted;
the speaker, is tho period described by
Adlai Il. Stevenson and other Democrats as
the most prosperous in American history.
In proof that they are utterly mistaken,
Congress Of Presidents Millard Fillmore
and James Buchanan. in which. under
their official oath, they had described the
wretched condition of the Nation's credit
anu VI us luuuotIic5s 4 ho ilcc- pcilou,
it was said. had no strikes. Of course not
exclaimed the speaker. men do not
strike when the factory fires are ont
and hundreds and thousands are seeking
work. The condition of the country was
then graphically set forth. The Mckinley
law. In its relation tO the tin industry ard
the manufacture of pearl buttons,
was discussed. The number of pearl
button factories had increased from eleven.
employing four hundred men. to over
ninety, employing Six thousand men-an
increase due wholly to the Mckinley law,
and the price is now half what it used to be.
other features. showing the speaker q
master of the subject.
The audience was well entertained. as
was proved by the fact that the greater
part of it stood patiently for
over two hours while the Gov
ernor was speaking. The applause was
most liberal. The speech was argumenta-
tive. and met with great favor. Governor
Foraker yesterday promised to speak twice
more in Indiana before election day.
At the conclusion of the speesh Chair
man Huston presented Hon. Henry u.
Johnson to the audience, from which there
were persistent calls for him. He held
them with much success for half hour 8
speech
Hon. John l.. Grlffiths addressed the Nor
ton Club last night. The hall was packed
10 sufiocation. Mr.. Grffiths scored a
great success. The speeches. afternoon and
evening, were heard by hundreds of Demo
Gratis. to whose judgments the argument
was directed. and, it is thought, with q
large measure of success.