Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-09-18
THE RICHMOND DIspATCH-rUEsDAY. SEPTEMBER is, 1884,

an Inferior race, but that II always did
and always Will ruler"
| Have you. men OF Virginia, so soon
forgotten the degradation and humilia'
tlon OF the defeat OF 1892 As q result.
was not our judiciary disgraced by igno'
rance and corruption. thing never
| dreamed of In Old Virginia, for with the
| old Nirginian to be honest and upright
| was esteemed moro honorable than to be
| even millionaire? Was not the United
States Senate then, for the first time In
virginia's history, invaded by Malone
| and Riddleberger?
What must have been the anguish Of
our noble old mother. Virginia. when she
saw added 10 the roi-call OF her old time
senators. which contained the names OF
the most distinguished and gifted sons,
such az Monroe. the Barbours. the Ran
dolphs. the Tazewclls Benjamin Watkins
Leigh. William Il. Giles. and others or
equal distinction. the names OF Malone
and Riddleberger?
BACK TO ITS MOoRINGs.
The present administration has done as
much 10 bring the republic back 10 the
mornings OF the constitution, from which
1t had been violently wrenched by the
party OF Capitalization, as any administra-
ton In our history.
Let US look at some OF the results Of
this policy: The army is conlped TO the
proper use. the Indian and his white
neighbor are at peace. both having been
humanely and Justly treated. the judiciary
r. restricted TO the proper functions, and
United States marshals and s,3ervisors
no longer interfere with tho suHsge OF
the people; the navy Is being rapidly ana
effectively rebuilt.
Many million acres OF public lands have
been already wrung from those who had
had no right to them, and steps are being
taken for the recovery Of millions OF
acres more
The Pension Department Is being hon
estly conducted for the benefit OF the
worthy soldier and that too. at less ex-
pense than heretofore. the stupendous
frauds existing I'm this department are
being searched out. and exposed. And'
lastly. our party have stood for the re-
duction and reform OF the enormous war
taxes by which the surplu1 VIII be leit
where II belongs, in the peoples pockets
by this reform. our commerce. agricni-
ture. and navigation. which have SUFFERED
and been crippled so long. Will be revived;
In fact are already reviving
In examining the wisdom Of the Demo-
cratic partys tariff policy, let us glance
at the history OF tariff legislation from
1916 down TO the present time;
/ do not 10 back further than 1916, De
cause the chanles Of the tariff before that
time were so numerous and varied. first
high. then low, then up. then down, that
neither policy remained In vogue long
enough 10 demonstrate clearly what el-
feet II had upon the business or the couh-
try. The period from 1916 to 1894, however
can he divided into two periods, 50 iar as
the tariff is concerned The low tariff
or tariff for revenue with incidental pro-
lection period. from 1876 TO 1861. And the
high tariff. or tariff for protection Tor
projections sake period. from 1851 to 1914.
EFFECT OF Low TARIFF
Let US first consider the history and
effect OF the low-tarif period from 1916
t. 1861. and as IT cannot be better stated
than in the words of Professor Sumner.
Of Yale College the leading northern
university. | give what he says OF 1t;
For an Industrial history Of the United
States no period presents greater inte-
rest than this. II was a period Of very
great and very solid prosperity The
tariff rates were low. and their effect
limited. 1t WAS called revenue tariff,
with Incidental protection The manu-
features which il had been said would
perish did not perish, and did not gain
sudden and exorbitant profits. They made
steady and genuine progress. The repeal
OF the English-cOTn laws in 1916 opened
large market for American agricultural
products The effect on both countries
was most happy II seemed as If the old
system had gone forever and that these
two great nations, with free industry
ana free trade. were TO pour Increased
wealth on each other The fierce dogma
tism Of protection and its deeply-rooted
preiudices seemed to have received "A fatal
blow. our shipping rapidly increased
our cotton crops grew larger and larger
The States. indeed. repeated their old
currency fOlies, and the panic Of 1871
resulted, but II was only a stumble in
career Of headlong prosperity. This
stumble occurred from the country fall
ing into the quagmire Of irredeemable
currency We recovered In twelve
month. Incidentally l will add also that
I'm the administration Of the government
the period Of the Mexican war is our !
golden era, II we have any"
Let us also glance at the following |
table, prepared by Mr.. Henry J. Philpott, |
which contains as much valuable infor- |
nation on this subject condensed in a |
small space as any l ever saw: