The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-12-13
He shows that 1t Has Caused ~ Def
cheney of s131. 600, 900 I'm the Reve-
nues Since 1t Took Effect.
BENEFITS OF PROTECTION
NO DEFICITS UNDER OLD CUSTOMS
LAWS, BUT 81 ,31O, oOO,O0O GAINED.
No Market Better than the Home
Condemned by senator, PETER.

WASHINGTON, Dec. IL Ex-Speaker
Grow made a speech in the House to-day
of almost an hour on the portion of the
Presidents message referring to the tarin,
in which he compared the old protective
tariff laws with the new customs laws. He
showed that the new law, up to Dec. i,
had produced a deficiency of $13l 000. 900.
while under protection measures, from
1880 to 1893, the revenues had exceeded the
expenditures by H,a10.000.00 o He attributed
the depletion Of the gold reserve to the
payment Of current deficiencies out OF the
reserve, and maintained that the green
backs would not menace the reserve IL
there was sufficient revenue. 1t being APP
parent that Secretary Carl.sle's report
would not be ready this week, the House
adjourned over until Monday.
When the House convened Mr.. Adams. OF
Pennsylvania, objected to resolution to
appoint Postm&ter-general Wilson regent
of the Smithsonian Institution.
On motion of Mr.. Lacey, of Iowa, a reso-
luton was passed calling on the Attorney
general for detailed statement of the ac-
counts, fees. etc., of the clerks OF United
States courts, marshals. deputy marshals
and commissioners, Mr.. Lacey explaining
that material was wanted as basis for
a law to make these persons salaried off,
GERS.
On motion Of Mr.. Cannon, of Utah. a
resolution was passed calling on the Secre-
tary Of the Interior for the total amount of
land assumed by the Union and Central
Pacific railroads under the grants to those
roads. f
Mr.. Wilson, of New York, presented a
petition of the Central Congregational
Church. of Brooklyn. asking the govern
ment to furnish transportation for the re-
lief supplies subscribed for the Armenians.
Mr.. Turner. of Georgia, objected to print
ing the petition In the Record.
Mr.. Grow then addressed the House on
the Presidents message. first having the
Clerk read that portion of the message re-
lating to the results Of the tariff law now on
the statute books. Mr.. Grow called atten-
ton to the fact that Mr.. Cleveland said
nothing about the efficiency of the new
customs law TO produce the revenue neces-
sary to carry on the government The
President, Mr.. Grow pointeu out. did not
give the receipts or the expenditures for
the last far I xet it was fas9 tna
the first five months of the present fiscal
year $ls,O00.Ooo. The total deficiency since
June 30. 1894, was $l31,0oo,Oo0. The bonded
debt under the present administration had
increased 1852 100000. That had been the re-
suit of the new customs system which the
PRESIDENT ext0lled. what OF the. customs
law which preceded il anu which Nr. Cleve-
land said in his message, was insufficient
for the purposes of revenue and which he
said impeded our entrance into the mar
kets of the world" Mr.. Grow said that the
Mckinley law, as we'll as every protection
measure passed since 1850. had produced
more than enough revenue to meet the nor
NAL expenses of the government. From 1853.
when the Morrill, bill was passed. TO 1880
the protection customs system has produced
sufficient revenue to meet the regular ex-
penses of the government save during the
ceeded expenditures by 1910. 100000. The last
Democratic administration before the war
borrowed money to pay expenses.
THE present administration" said Mr..
Grow, seems to have begun where Buchan-
ans administration left off," applause and
laughter on Republican side.l As TO the
Presidents charge that the Mckinley GUS
toms law impeded our entrance to the mar
kets of the world, Mr.. Grow declared, amid
Republican applause. that no market was
better. than the American market. 1T con-
sists," said he. ''of seventy million people
who consume more than anv people the
sun shines on" For no similar period had
the balance of trade been so much in our
Kinley law was in operation. An emphatic
statement by Mr.. Grow that the green
backs would not be retired was received
with demonstration Of approval by the
that the greenbacks furnished an endless
chain by which the gold reserve was de-
pleted was not frank, Mr.. Grow said. The
greenbacks would endanger the reserve as
long as the revenues were not equal to the
expenses and no longer. Paying the current
debts OF the government out OF the reserve
was the road to national bankruptcy. Mr.
Grow referred to the elections last fall as
condemnation of the new tariff law and
the policy of the administration, and
warned the President when he had leisure
gard the new command of the people The
House then, at :35. adjourned until Monday