The herald., 1894-05-10

proach to Tree tfaQ0 during the hitles
and we had better times then than ever
in the history OF the nation. The col
onists did not have protection and we
led the world then in several Industries.
The tariff was adopted as an
indirect tax on the principle Of
enabling the government to pluck the
geese without 80 much squawkiug. The
wages in England are higher than in
France, Germany, Spain and Russia,
although the tariff is higher in the
nations named in the order set forth
above. Mr.. Blaine said that the in
equalities in wages between American
and English Workmen we're more than
equslized by the greater efficiency of the
American workmen. Thia was said n
his report as secretary OF state. The
balance OF trade as at present under
stood was fallacy .hat had been upset
over century ego. Money was .aere
token used in exchange, or, rather, in
bartering. The use of mchey was be-
coming less and less with the progress
of civilization, as it 10 giving way to
bookkeeping. ii you purchase in Lon
don you don't send your $40 gold piece,
but draft, a.d the naoney does net 60
out of the country. Foreigners take the
gold as a commodity, not ss money.
They take the gold to use in the
arts. England's bs.lance of trade ia
ageinat her AMI has been for years, and
yet she is prosperous. When she sends
her gold out 6he gets an equivalent in
food and clothing. II free trade makes
monev scarce, why is money not scarce
in England. The sugar planters Of
Louisiana are drawing bounties, 500 men
who are drawing millions of money from
the government, and what benefit is the
sugar bounty to the laborcr?
They are not ready to divide up with
them. Carnegie did not divide up with
his men, but called ia Pinksrton detec-
tives, and the monoYoliet always takes
tho big share of the plunder.
Mr.. Hazard responded by saying that
money WAS the nedidm OF exchange. A
woman did not trade dozen of
eggs for a hat nor a man trade a
COW for suit OF clothes. 1t is
the absence Of money that is send
ing out American citizens on the high
ways TO ask for work, and they are
starving. When man buys an article
in Liverpool the $40 paid goea out of the
country. Labor is cheaper in England,
and that is why England wants fres
trade. When you take the money out
of the country, it is like drawing the
life blood out of strong man. 1t was
such men as Madison and Hamilton who
lifted up the Cry for the struggling
industries. 1t was protective tsrifi
thst wiped out the debt of the revolu-
tion, and We hope yet to wipe out the
debt OF the rebellion in the aame man
ner, while England leaves her debt to
posterity as a weight on their neckB.
s-.e. 60, 90
ing out millions of gold coin, and here
ia philosopher that tells us the gold is
not going out of the land. Why the
money mongers have calculated to q
nicely the less by abrasion on every
million from each billowy surge of the
sea, and yet we are told. people want
| coin in this age, not bookkeeping, for
! people can't bookkeep themselves out of
debt by this new doctrine of the latter
day saints of political economy.
| We are building up infant industries
here in California. How about the
bounties paid at Chino for California
sugar? Here we have millions invested,
and the day will come when this in
dustry will be one of the greatest in this
land, but it must be fostered in its be-
ginning.
| Mr.. Post closed the discussion by say
ing that protection had given under.
paid, unem ployed labor to build up the
isttened monopolists. The Chino factory
will never consent to have the bounty
withdrawn. He understood that tbs
Chino factory got SIS. 900 more than wal
| paid for the beets. He then reiterated
his arguments on the balance of trade
and reviewed the general points pre-
viously advanced by him.