The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-11-10
JUDGE GRESHAM.
He Won't Say How He Voted, bat Tells
What Democratic Victory Means

He Won't Say How He Voted, but Tells
What Democratic Victory Means
Chicago Tribune. Yesterday.
20 yes. I've voted, )" said Judge Gresham,
In answer TO Q question. "How aid votei
IL 10 hardly necessary to ask how my vote
wac cast tits pretty generally understood
what my views aro on the questions IN this
election. do not care to say for whom
voted, however"
Judge Gresham walked over to Indiana
avenue and caught u car going down town.
Election day 10 . holiday In the United
States courts, but the Judge had some cases
to hear in chambers. Going down on the
car he talked freely of his views.
THE Mckinley bill 10 not for the benefit
of the poor. It makes the rich richer aud
the poor poorer. Trusts and monopolies
have sprung up under its fostering care.
TO-day's vote will be an expression of opin-
ion on the tariff question. As the vote goes
to-day so will legislation 20 during the
next four years. If tho people set the seal
of approval by their ballots on high pro-
lection no relief can be looked for from
either party. but If the. Democrats WIN
then O reduction may be looked for 1t Is
the question of high protection that must
be settled by the ballot to-day.
Democratic victory does not mean free
trade 1t means reduction without an en-
tire loss of the protection theory. To run
the government of the United States
quires large sums of money. The keeping
MP of the various civil departments. tho
army aud navy, public improvements, and
the payment of pensions requires an ex-
peuditure of about S400,O00.000 q year.
This must be raised, and tariff
is the only practical way in which to
secure this sum. In ACQUIRING the money
needed for the expenses of the government
protection can be given to industries that
need protecting. This should not exceed
the difference IN the cost between the for
eign countries and the United States. Say,
for example, the manufactured of certain
article costs Is per centm0re in the United
States than in England. The tariff on that
article should not exceed the Is per cent.
difference in the cOat OF manufacture.
When there is greater difference In the
cost the manufacturers in this country
have the power TO form q pool. trust. and
force the price above the real value as
designated by cost of production.
Raw IN aterials should be admitted free
of duty in my opinion. When O tax is
levied on raw material the cost of its man
ufscture into tho completed article in this
country Is increased in just that amount.
and competition in foreign markets is
denied the home manufacturer. Can u man.
ufacturer of WOODEN goods pay duty on raw
wool and then compete with the markets
OF the world with the manufactures who
gets his material free of duty7 think not.
Il have been an ardent Republican since
the days of the formation of the party. and
q strong supporter Of Republican doctrines.
But on the question OF high protective tar
III my views have changed from the views
expressed in the Republican platforms.
have made a careful and an honest study
of the questions involved. and the con-
illusions have arrived Mt are honest con-
illusions, whether they be correct ones"