Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1896-10-09
PROTECTION THAT PROTECTS ALL.

am tariff man, am a protection
ist, but tariff and the gold standard can
not 60 together. During twenty years of
public life have been pleading that it is
the duty of the government to see that
labor receives a fair compensation for
It's toll. What does the Republican party
now dor 1t proposes to put prices up
with protection and pull them down with
the gold standard.-Henry M. Teller.
The foregoing extract from one of Sen
ator Teller's great speeches in behalf of
Bryan and Sewall and American BIZ
metellism wildly sets forth the vital is
sue of the pending battle of the stand
ards.
In the broad and liberal sense that SEN
ator Teller advocates protection of
American industries, meaning legislation
that will really encourage and stimulate
every branch of legitimate industry in
the United States without unjustly dis
eliminating against any class of produc-
ers that another may fatten on ill-gotten
gains, we are persuaded that an over
whelming majority of the American peo-
Pile, irrespective of past party affiliations,
are heartily in accord with his views.
The extreme doctrine of absolute free
trade is only advocated by occasional
dreamers, theorists and men who would
have been Tories in the crucial years i'm
mediately following the declaration of in
dependence. A tariff for revenue, tariff
that will provide ample funds for the
support of the government and at the
same time afford just incidental protec'
ton to American producers, is favored by
practically all Americans.
Past political controversies over the
tariff have grown out of the difficulties
incident to an equitable adjustment OF
the duties and the unconscionable and
systematic efforts of the manufacturing
magnates to force upon the country a
system that would immensely enrich them
at the expense of the producers of the
raw materials. For example, the McKin-
ley tariff schedules were largely dictated
by the manufacturers of finished fabrics
of wool and leather, and, as their interests
were Numerically opposed to those of
the producers of raw wool and hides,
these schedules merely professed to afford
protection to the producers of these raw
materials, while they really Disseminated
shamefully against them as we'll as against
nearly all other direct producers from the
soil. This sort of tariff system, which
brazenly levied incessant tribute upon
the many that the few might riot in lux
ury and even build "castles in Scotland"
was only satisfactory to the beneficiaries
thereof. Such a system can never be re-
stored in this free land.
Senator Teller strikes the keynote of
the magnificent campaign Mr.. Bryan is
making for American bimetallism when
he says that it is distinctly opposed to
the present Republican idea of putting
prices up with protection and pulling
them down with the gold standard. 1t is
simply ridiculous to advocate an Ameri-
can system of protection tariff in one
breath and an English system of gold
recommendation in the next. Every in
telligent student of economic questions
knows perfectly we'll that the continua.
ton of the depressing low price producing
gold standard would more than neutral
lze any protective tariff system that the
wisdom of man could devise. The money
magnates of Europe know this and hence
to man are praying for the election of
ajor Mckinley, with his system of al
legged American tariff protection, rather
than the election of Mr.. Bryan, with his
broad and patriotic policy of American
bimetallism as basis of a system of
genuins protection that will protect all
worthy American toilers alike, even in
Guiding the much abused yet deserving
producers of silver ore and silver bullion.