The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1894-03-29
NOT DISCUSSING RATES.
But hi Tariff Policy of nj C0untr.
Should Remain Protective.

But che Tariff Policy of the Country
Should Remain Protective.
am not here to discuss tariff rates or
schedules. These are subject to change
up or down, as new conditions require it;
but my insistence Is that these changes
must ever be governed by the protective
principle, and within that principle rates
may be, should be and will be amended as
time, new processes Of manufacture and
changed commercial conditions require;
but they must not fall below q rate which
win adequately measure the difference be-
tween b American scale of wages and
that of competing countries, and must
always be In favor OF the labor OF our own
country and the home market for our
people. The principles upon which they
were made are mot subject to amendment.
The tariff policy OF this country must be
protective. That is what we contend for
that i Whist the American people mean TO
have
Daring the Msrrfsen Administraason.
The pretext for the proposed bill ID not
to raise more revenue The declaration Of
itssauthor ard the house committee IL that
1t viii rex1nce the venne The Same ef-
fort at tafiR reduction has bean repeat
edly made Ia the past when we had 3 sur
plus revenue In the treasury. The present
law was adequate TO meet all the expenses
OF the governments, and did meet them for
the first two and d half years Of fits opera
tion. During no year OF President Harrt
sons administration did the receipts fall
below the expenses of the government, and
when President Harrison went out of
power, while his administration had paid
OF more than SOD, OO0, 600 Of the principal
and interest of the national debt, yet he
turned over TO the administration which
succeeded him q surplus III upward of
124,00O,0o0, including the reserve fund,
which, under the Republican policy had
never been encroached upon.
A Dfxsrencs of TarilR Schools
The advocates of tariff taxation are di-
vided into two schools. Both schools be
lieve in raising public money by q tariff,
and only differ as to the kind of tariff to
accomplish this purpose. One school, the
Democratic school, advocates q tariff for
revenue only; the other, the Republican
school, advocates a tariff for revenue and
also protection. A revenue tariff has no
other aim or purpose and disclaims every
other save revenue. A protective tariff,
] while raising all needed revenue, III eyer
mindful that the taxes imposed shall be
| upon those foreign products which viii
| most encourage domestic production and
rest most lightly upon the consumer.
/ The revenue tariff IL unmindful Of
| the development and prosperity OF
our country. The protective tariff,
while having revenue and the needs Of the
| treasury always In view, steadily keeps In
mind our own industries ard tho occupa.
| tions Of our own people. A revenue tariff
seeks out articles OF prime necessity, often
| such az we can not produce iii coun-
try and makes them the subject OF taxa
| tion. The senate has just introduced an
amendment to the Wilson bill which IL q
striking illustration of b revenue tariff. It
| takes sugar, an article which enters into
every mans household, and which, for the
most part, we do not produce at home,
from the free list and places it upon the
dutfabIe list.
IA revenue tariff win raise revenue for O.
time at least, but 1t Is inadequate to en-
courage, promote and protect production
fin our own country. Protection seeks out
those articles Of foreign production which
we can produce at home and puts 3 tariff
upon them, and while every importation
Of such articies produces revenue which
goes into the treasury, u ct the Same time
stimulatss Doinestse Produstion
and sustains and defends our domestic en-
terprises. So long as we have to nse the
taxing power, why not use II III the inter
est of our own people and their occnpar
tionsi What II the gain 1T We do
put money into the public treasury
under q revenus tariff and thAraby
( discourage domestic enterpriBe and
destroy the opportunity Tor capital and
labor 10 earn money! Why tar foreign
article which we cannot produce rather
than d which We cam In the former
case we help 10 domestic industry; iii the
Latter our tariffs discriminate against the
foreign and In favor of the home product.
AtafiF levied exclusively for revenue en-
courages foreign importations-that Is
what It IL mads for, and when such q tar
III II levied On articles the like of which
We produce at home, 10 Encourages
own producers By depriying them of the
hone market which justly belongs To them.
Al reyAntis tariff encourages no home en-
terprises; 4 supplies empIoyment n