Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1895-07-05
Summary of American Tariff History
ISterlinp, III, Standhrd,I
1889 to IsI8-Protection Period.

tSterling. H., standard.
1859 To isI8-Protec,ion Period.
Constitution adopted, with power to
place duties or imported goods.
Adoption OF protective tariff laws.
Work took the place OF idleness, pros
perity of poverty, commerce and bust
ness hourishrd; people prosperous;
money plenty.
The republic strong enough to make
war and whip her Old enemy in defense of
her honor, 1912.
1916 to IS24--1eNenu- Tariff Period.
Suspension of business.
Destruction of manufactures.
Reduction of the circulating medium.
Working men idle and suffering great
distress.
High prices for foreign goods; low
prices for American goods.
Deficit in the national treasury; bank
ruptcy of the people, states and nstion.
1924 to 1s3a-Jackson Protection Period.
Industries established.
Money circulating.
Employment plenty.
Trade and commerce prosperous.
Good prices for American goods; reduc-
ton in the price of foreign goods.
Jackson said, Our country presents on
every side marks of prosperity and hap
piness unequalled, perhaps, in any other
portion of the world
1882 to 1Sfe-Calhoun Revenue Tariff
Period.
Workshops closed.
Soup houses opened.
Work and wages suspended.
Corn burned for fuel.
The sheriff the only salesman.
Treasury deficit.
Government credit destroyed
The people, states and nation bank
rupt.
ls4a to ISJ0--whig Protective Tariff
| Period.
Work and wages increased,
Soup houses closed.
Factories opened.
Good prices for farm products.
Happy Saturday nights.
! Revenue receipts and treasury surplus
The people, states and nation prosper
Gus.
1880 TO lsGI--Democrntic Free trade
| pariod.
| Factories closed.
Soup houses opened.
Wages greatly reduced.
wildcat, stump tall currency.
Revenue fell off one-half
Prices of foreign manufactured goods
high.
Prices OF farm goods low.
The people, states and nation without
credit or money.
1901 to 1s1a-Repubiicnn Protective Tariff
Period.
War for the Union.
Army and navy created.
Industries established.
Highest wages ever paid to labor.
Nations wealth doubled.
GfeenbaCke issued.
The nation preserved
The slaves freed
The people, states and nation prosper
GUS beyond any nation, on earth.
1877. to 1s16-Reform Tariff Period.
Ten per cent taken off the tariff
ldlencss, poverty, riots.
Congress repeats the ten per cent reduc
ton.
/ Resumption of specie payments.
1876 to 1s93-Protective Tariff Period.
INCREASE of industries.
Increased prosperity
Mckinley law passed.
Greatest prosperity ever enjoyed by
any people.
Homes and farms purchased.
Increase of wages.
, The people, state and nation enjoying
the highest credit.
Happy Saturday nights.
Panic, idleness, poverty.
Soup houses opened.
Factories closed.
Riots, bankruptcy.
Revenue short.
' Increase of the public debt
Loss of money equal to expenses of tn
war.
u Of course the above is not strictly az
eurate as to dates. For example, tn
Wing tariff of 1912 did not last unit
u 1850, but was replaced by the Wake
q tariff Of 1916; still the stimulus to ii
b dustry caused by it and continued by tt
: Mexican war and the unusual deman
for American farm products i'll Eurof
u averted during most of that decade tt
,o distress which the Walker tariff We
y bound to cause
=. Neither would it be strictly accurate
II infer that all the good and all the i'll TIL;
are grouped to the different periods I
~ suited from the tariffs alone. There q
~ always other factors, and the bane
- many economic discussions is that all Il
;" factors are not considered; nevertheless
= as whole, the foregoing is economical
- and historically as correct as any stat
~ ment so succinct could well be,
:. Bucklen's Arnica SaIve.