Reporter and farmer. [volume] (Webster, Day County, Dakota [S.D.]) 188?-1946, 1896-07-23
gglI Trsi, vs.. Prosperity
eoNTINgEp TNoM EINsr ICE.

cause of the present hard times2 A pro-
tective tariff has always brought good
times. A free trade tariff has always
brought hard times, no matter whether
have had freecoinageof silver or not.
There is every reason why this should
be true. The very theory oil a Tree trade
tariff carries the reasOn on it's face. The
theory is that we should buy where we
buy the cheapest. Whatl rs the re-
suit? Labor in the most prosperous
foreign countries is paid from one-hali 10
three-fourths as much, in the same en-
pIoyment, as in the GATED States, there
fore foreign manufacturers n undersell
domestic manufacturers Just that much
Qess actual freight rates which by water
are very smalD in the markets oil the
United States. One OF two things must
happen. Either American workmen must
come down to the level OF foreign work
men, or our manufacturers must close
their factories and the men be thrGwn out
OF employment altogether. ln either
case the farmer feels the result in the fall
OF the prices. The we'll paid workman
and his family will consum more oil the
products of the farm aud the shop than
the poorly paid or idle workman and his
family, hence less OF the produce oil the
farm is consumed, and when our manu-
featuring establishments are closed and
the men thrown out OF employment for q
considerable length OF time the result is
greatly increased.
fair illustration of this fact is to be
found in the fact that in the year 1892
when II laborlng men were we'll en-
ployed and well paid, the consumption
OF wheat per capita in the United States
was 5.91 bushels; while in 1894 when
they We're thrown out OF employment or
reduced in wages by the free trade tariff
ideas OF the present administration, the
consumption OF wheat was only 3.41
bushels per capita, or a decrease OF go
bushels per capita OF consumption, max
ing a grand total decrease in consump-
tion of 175,000, 900 bushels. Isit strange
that in 1892 wheat was worth about 81
cents per bushel and worth only about
40 cents per bushel IN 1894? And wheat
is only one oil the many items OF produce
in which there was n light decrease IN
the per capita consumption,
The difficulty does not stop here, for
when we buy from a foreign manufact-
urer we have to send him an amount of
our money basis equal to the value OF
the purchase which we make, thus de-
creasing our money basis by lust that
amount. When it is taken into consider
alton that under a free trade tariff we
buy tens OF thousands OF dollars of ma
terial which we could produce at home
with our labor properly protected from
the competition OF cheap foreign labor,
and we have to ship just that amount OF
our money basis out OF the country to
pay Tor the articles purchased, is it any
wonder that money becomes scarce 2 We
must remember also that when we buy
goods from a foreign country we get the
goods and they get our money in the
shape OF gold or its equivalent. The
goods we get soon wear out, but the
money they get does not wear out. Ten
dollars IN gold today is ten dollars ten
Years from now, it suffers very. little from
use. Ten dollars worth OF goods now
are, u used, OF no value whatever ten
months from now, and when the goods
are gone we must buy another lot at the
same price. I'm a transaction OF this kind
we get something OF a transitory value,
the foreigner getting something OF q per
manent value. Keep this up year after
year and Is il any wonder tlat menev
becomes scarce. On tho other hand,
when we buy our goods at home the
money stays at home and there Is no
decrease in the circulating medium.
rs | said at the beginning, the demand
Tor the free and unlimited eoinage OF sil-
Yer at the ratio OF Toto / has been called
forth BY the present hard times. The
people who advocate it hope that the
pstssage OF sucil a Jaw would bring the
country to It's past condition OF pros
perlty. We all agree that such a return
Is necessary.
Inc republican party proposes 10 ac-
cohlpiish tins result by a protective
tal1h 50 levied as TO protect our Amer
Ican workingmen from the competition
OF poorly paid foreign labor, AM by
Keeping our money mt home. BY main
tanning u money standard so that
every dollar, whether oi gold, silver, or
paper, shall have the SAME debt-paving
ana purchasing power, aud be as goodN
A policy that will give EMPLOY
ment to the idle by opening our
factories that will keep our money in
circulation by putting ii into the hands
oil our workingmen in payment for the
work which they can do, and in tho
hands OF our farmers by the sale OF their
produce to these same American labor
ers the policy that made the nation
prosperous under Washington, Adams
Jefferson, and Madison that rIIeyad
the people from the panics OF 1916 70
1874. 1888 to 1872, 1916 TO 1861 !: that
carried us through one of the greatest
wars that any country has ever known.
that doubled the value ot our ~property
from 1860 to 1890 and at the same time
reduced the price OF the n-ecessaries OF
lie 90 per cent the policy which has in
Tact made this the Greatest nation in the
world.
What remedy do the democratic and
popullst parties propose ? A continual
1ion oil the present free trade tariff aud
the free coinage OF silver at the ratio of
16 to /. A continuation of the free
trade policy which has always been co.
incident with hard times. During the
years 1916 to 1924. 1888 TO 1912, 1916
70 1861, 1898 TO 1896, we have had a
Tree trade tariff and hard times, aud now
they want to give MS some more OF the
same kind. They also propose the Tree
coinage of silver at the ratio OF lG to H.
Aud what is the most that they claimior
this remedy The Milwaukee Advance,
M nOpBllSf fi.ln Silyar raa.ar In a xo.ouf