Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1894-02-15

the Lower House of Congress was that
of Speaker Crisp last Thursday week
the concluding remarks on the Will
son bill. We take two extracts-one
on the Republican dogma that 1.-the
foreigner pays the tax" and the other
in defence of the proposed revenue tax:
Suppose farmer in Minnesota has
5000 bushels of wheat and Q farmer in
Georgia has 100 bales of cotton. That
wheat at 80 cents bushel is worth
1000, and that cotton at cents a
pound is worth 1000. Let those pro-
ducers ship their staples abroad. The
Minnesota wheat-grower ships his
wheat to Liverpool; whether he ships
it there or not that is where the price
of his wheat is fixed. The Georgia
cotton-raiser ships his cotton to Liver
pool: whether he ships it there or not
that is where the price Of his cotton is
fixed. The wheat and the cotton are
sold in that free-trade market. The
wheat is sold for $4,000: the cotton
brings the same amount. The Mime
sofa farmer invests the $1,000 he has
raasiyed for his wheat in clothing,
crockery~are, iron, steel, dress goods,
lothing-whatever he may need for his
family in Minnesota. The Georgia
cotton-raiser invests the proceeds of his
cotton in like kinds of goods. Each of
those men ships his goods to this coun-
try and they reach the port of New
York. When either undertakes to I'M
load them he is met by the collector of
customs, who says, s.Let me see your
invoice" The invoice is exhibited,
and it shows $4,000 worth of goods.
Those goods represent in the one case
5000 bushels of wheat; in the other
case 100 bales of cotton. The collector
at the port says to either of these gen
man who raises the wheat
in Minnesota or him who raises the
cotton in Georgia, "You can not bring
into this market those goods for which
you have exchanged your roducts, I'M
less you pay to the United States a tar
if fixed by the Mckinley lava tax of
$4,000"
The man will in vain refer the coll
lector to the statement of the gentle
man from Maine that the foreigner
pays the tax. You can not convince
that unrighteous United States officer
that the foreigner is to pay that sum
Of $4,000; he requires the Minnesota |
farmer or the Georgia farmer to pay it. |
What is the result? The goods that
cost either of these men 81, 900 without |
the tariff cost him 5000 with it,
All, but says the gentleman, he ought
20 buy his goods at home. Let him try
It. Let him go into the homo market:
and. according to the statement of the
gentleman from Maine, when he enters
he home market he will buy the home
product almost on equal terms, in COM
petition with those same goods which
ire sent here from abroad, embracing
he cost of raw material, plus labor
and plus the present rate of the tariff.
If he buys his goods abroad and pays
he duty, it goes into the Treasury of
he United States and is called a tax;
+ he buys the goods at home and pays
he increased price that it is put upon
hem by the tariff. it goes into the
pocket of the protected manufacturer
md is called protection. In either
:ase the increased price is practically
he same amount, and in both cases the
pays it.
AS to the income tax he said:
Our present system is tax on con-
umption. Every dollar that goes in
o the Treasury OF the United States as
AK, internal or external, is a tax on
what people con-
ume, not what they save. This sug-
.estion of an income tax is not new. l
ave before me citation from a very
distinguished Republican, one OF the
athers OF the party. who was a great
nan in it, even in the time of thirty
ears ago. Let me read this to you
o that you may see that the policy we
re now adopting is no innovation; that
re have simply arrived at the point
here we must devise some method of
aKatiop exclusively upon consumption.
fr. Sherman OF Ohio said in a speech
n the 18th of March, 1875
1.-The public mind is not yet prepar-
d to apply the key to genuine reve-
ne reform. A few years of further {
experience will convince the whole
ody of our people that a system OF
atiopal taxes which rests the whole
urden of taxation on consumption, J