Pierre weekly free press. (Pierre, S.D.) 1889-19??, 1892-04-28
/. What followed the free.trade act Of

greatly distressed and business was
about paralyZed.
What effect had this panic on the
doctrine OF protection?
1t caused q renewal OF that doctrine
throughout the North, and it was
again taken up rs political issue
between the political parties.
How were these parties divided?
The old wings, now republicans,
took the side of protection, and at
the convention which nominated Lin.
coin for President in 1850, it was de.
clared that "Sound policy requires
such an adjustment OF imports as will
encourage the development OF the in.
dustrial interests of the whole coun.
try" Democratic party, on the other
hand, adhered to the opposite side.
Where has the poncy OF the govern.
ment on the tariff question since l $50.
One of protection. During the war
tor the Union import duties were
raised to the protection and nearly
to the prohibitory point.
Whit has been the result OF this
lat, legislation on the tariff.
Prosperity beyond that OF any
nation Of modern times.
AS a seeming exception to this pros.
perity, to what can the panic OF 1873
be attributed?
Partly, at least, to the reduction in
import duties of $74, 100000 in
the years 1870 and 1872.
What is the generally conceded ef-
feet on wages, prices, ETC., by lower
custom duties?
Lowering the tariff, lowers wages,
prices, etc.
In this, who are most damaged?
The laborer or workingman. AS
the workingman's capitaliu his labor,
he suffers by loss of employment or
by lowering his wages.
What effect has free-trade on exist
ns debts, National, State or private?
The effect is always to make the
burden Of such debts harder to bear
and remove.
Is this the same with taxes?
1t is; for taxes are in q measure a
fixed Indebtedness, and consequently
the taxpayer is damaged by reducing
his wages, income or profits.
What position did congress take in
1860 on the tariff question?
The revenues OF the government in
1850 being inadequate, the house
passed what was known as the Morrill,
tariff act, q measure to increase the
duties on imports.
What political party was in control
OF the house?
The republican party. This bill
passed the house in 1860.
What was the fate OF the Morrill,
tariff bill in the senate?
Twas defeated.
What party controlled the senate?
The democratic party.
What action did congress take on
the tariff in 1862
The senate passed the Morrill, act in
March of that year.
What caused this change in the
senate's action?
Most OF the senators from thesouth
has seeded.
What doctrine was distinctly ap-
proved by the passage OF this act?
The doctrine OF protection to Ameri-
can industry. This doctrine has
pretty uniformly been advocated by
the republican party and opposed by
the democratic party up to the present
time. In this the democratic party
has taken the advice of their southern
leaders.
What has been the attitude OF Eng.
land on the subject OF protection?
England for over five centuries iron
1885 to 1S46) favored not only q
protective but prohibitory tariff.
What was the result of this system?
Her manufactures were carried to
such q state OF perfection that no
other nation could successfully COM
pete with her.
When did England change her policy
OF protection?
In 1876.
What is England's policy now?
To tax only such classes of imports
as to meet no competition in home
production.
What effect has q protective tariff
on the price of article protected?
The experience in this country has
been that it cheapens the price: for
example, steel rails. Had We not pro.
tected this industry 80 as to have it
built up here, we would not be paying
such prices as the foreign manufactur.
er would demand.
What caused this cheaper price?
Home competition and hence. if
the article protected is dearer for such
protection at first, in time it gets to
be cheaper.
On this subject of protection what
was the advice of Horace Greeley!
He said, at is injurious to the new
country to continue dependent for it's
supplies OF clothing aud manufactured
fabrics on the Old" And also, "Pro.
lection is necessary and proper to
sustain as well as to create benefi.
cent adjustment OF our national in.
dustry."
WHAT is reciprocity?
As intended by the Mckinley law OF
1890 it is, under treaty regulations,
an admission into the United States
OF certain articles not produced by us,
ornot produced in SUI icient quantities,
free OF duty, on condition that the
treaty nation will admit certain OF
our surplus products on like terms.
What does the McKfpley law keen