The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-08-11

lection of the manufacturing indus
tries; and revenue, the incident. This
was exactly what Mr.. Mckinley did.
His measure was purposely prohibit
tive with revenue as the incident.
It was the logical result of the cleo
ton of 1888, but it was result that
certainly awakened the country. Al
last a sense of the danger Mr.. Lincoln
had seen twenty-five years before had
overtaken the people.
Mckinley Bill and Defcat.
Then came the congressional cleo
ton of 1890. No hard times de-
feated the Republican party at that
election. Say what we may, it is
written in the history of this country
that the passage of the Mckinley bill
defeated the Republican party, both
in She election of 1890 and 1892.
When the Congress which was
elected in 1888, met in December, 1889
the Democrats held q caucus and
without a dissent resolved to stand by
the principle of tariff reform, as adj
vocated in the message of 1887.
After the defeat of 1888 this was
bold step to take. but Mr. Cleveland
though defeated, had united his party
and it found itself stronger than it
had been since 1857. The Democratic
convention which met in Chicago, in
June, 1892, was in many respects the
most notable political gathering in the
history of American politics.
! shall never forget my feelings as
/ mingled with the delegations from
the different states The delegates
not only represented a united. bold
and aggressive party; but they knew
exactly what they wanted to do, and
they did it well.
When the committee on platform
and resolutions reported to the con-
vention the namby-pamby. neaning
less platform on the tariff. reciting
that Industries had from long usage
come to rely upon the aid of con-
gressional legislation, etc. etc" ad
nauseum, the convention at once said
Away with such nonsense" and
there was inserted into the platform
with an emphasis that was refreshing
to Democrats the announcement of
The principle that the CONGRESS- had
not constitutional power to levy and
collect taxes. excert for revenue.
Another thing the convention said
to the delegation from the state of
New York: 1--WE know who the
Democratic party wants for its candi-
date for president. We were sent
here TO nominate him. Ynu have got
to take him And they did.
In the history of American politics
no convention had ever done such a
thing before.
Campaign of '92.
When the campaign of 1892 opened,
the Republican party was whipped
The leaders of the party felt it and
knew it. They had said that their
defeat in 1890 was because the tariff
act had not had sufficient time to
demonstrate its usefulness. The
campaign of 1892 found it in no better
favor. Mr. Cleveland was elected
president and his party found itself
in possession of both branches of
Congress.
AIT this time it is proper to retrace
our steps in order to take an ac-
court of forces that had been at work
probably for more than thirty years
corning which neither the Republican
party nor its offspring, ''protected'
monopoly. had seemed to take any
notice. Water can be INSTRUCTED in a
stream by means of g dam, but after
a while, the obstruction will be car
ried away by force of pressure, or the
water will find its way around it,
This, it will be said. is the result of a
Jaw of nature which causes water to
seek its level.
Just so it is with commerce; and as
civilization advances, and the means
and appliances for convenient inter
course between nations multiply. the
heavier will the pressure become
against the forces of an obstructive
system of taxation, until the dam is
either washed away or channel is
washed around it.
To the mariner as we'll as to the
school boy of a little more than
generation since, the Atlantic ocean
was 5000 miles wide. Such is not the
case now. Steam and electricity,
metaphoricaNy Speaking-have an
Inflated space. The morning papers
in San Francisco publish the hap
pennings of the day before in the
commercial centers of Europe and
San Francisco merchant OF broker
can buy from and sell to the mer-
chant and broker of London, Paris,
Moscow, Bombay. In the meantime
Invention has so increased production
that prices of everything have gone
tumbling.
1t is possible to so Obstruct COM
merce by legislation as to retard the
operation of the natural law of sup
obviously, such a policy cannot last
long. much less become permanent.
If it could, the nation subjected to
such a policy would longest and die
An object lesson of the near rela-
ton, commercially speaking, and of
the interdependence of the civilized
nations of the world comes to US to-
day upon the subject of finances.
While as an original proposition the
majority of the people
Of the United States are in favor of
the free and unlimited use of both
gold and silver as money metals, a
great many are unwilling that our
shall undertake it without
first making an agreement with the
leading commercial nations of
Europe whereby the parity of the two
metals can be maintained. Although
against our will, we were compelled
to make an acknowledgment of this,
when our Congress passed a resolu-
ton authorizing President Harrison
to invite the nations of Europe to
meet US in a monetary conference
with a view 10 reaching an agreement
on the silver question; and today it
is impossible for our government to
acquire and retain gold reserve in
its treasury: because the commercial
nations of Europe are day by day
raining the trea sury of almost every
dollar that can be put into it.
Excessive Protection.
Another thing; while excessive pro-
ection'' has unduly stimulated produc-
ion and carried it much beyond the
power of consumption. in the language
IF Mr.. Sherman, it has ceased TO di-
rersify production ard driven labor
nto protected employments;" hence,
when the breakdown of prices came,
thousands Of men, and women, too,
we're thrown out of employment and