The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1897-02-12
ceeded the receipts by $77.234.116, in the
same time.
1861 to 1891.

1861 to 1894.
| From 1861 to 1891 the protective sys-
tenn prevailed by reason of the fact that
| the Republican party. which assumed con-
troll in 1861 and adopted protective
| tariff, remained constantly in control of
one or both branches of Congress. max
| ing it impossible for the Democrats to re-
| peal the protective tariff system and
| re-enact their freetrade theory into law.
| The tariff adopted in 1861. known as the
| Morrill, tariff. was thoroughly protpc-
| tive measure. averaging So per cent. In
1872 the necessity for very large rev
| enues ended with the close of the war
and reduction of the public debt. and the
tariff was modified by Il reduction of
about 10 per cent. in nearly the entire
| schedule. making the average duties
| about "a per cent. Even this reduction
was followed by a depression and in
| 1879 there was another reimbursement
| which was followed by a slight recov-
cry. In 1889 the rate was again revised.
the rate of duty averaged about 29 per
cent. This was followed by general
prosperity and plentiful revenue. By
1890. the public debt having been greatly
reduced. ii was possible to make Il still
further reduction in the tariff and the
revenue and the Mckinley tariff was
adopted. the rates of duty averaging
about 24 per cent on the total impOrta-
tiOns and being levied more essentially
with view of protection than any of
the tariffs which had preceded it. The
result of this was an Increase of indus
try and employment. increase of wages
and government revenues. great pros
perity: payment of public debt. numbers
of foreign factories transferred to orr
country. great increase of industry in the
South; c0ntentment. peace; mOneymak
ing period. money plenty and good. bal
ance of trade in our favor.
1894 10 1897.
In 1894 the Democrats having obtained
control of the House. Senate and prpSi-
dency, passed a low tariff act whose du-
ties. averaging about p per cent. were
collected by the ad valOrem system. thus
enabling importers by fraudulent valua-
tons To really get a much lower rate
than that nOminally fixed by the act it.
self. The effect of this tariff is so fresh
in the minds of the public as tO need lit
tie comment. From the moment tkat il be- |
came known that Il Democratic tariff !
was to he enacted alarm took possession !
of the public mind especially in business !
circles. and depression was followed by /
panic: result banks closed by hundreds. |
business establishments by thousands /
suspended. manufactures closed their |
doors or reduced wages. The actual en-
actmCnt of the al valOrcm low tariff act |
was followed 10y constant deficiencies in
the revenues of the government In the /
first twenty-right months. in which the
law was in operation. the treasury deficit |
amounted To S12O.9J4. 4I6 and the GOV
eminent was compelled to borrow $500
WW.OOO To meet its running expenses
and protect its credit.
The Net Result
The result of these experiences was
that on November ), 1896. the people of
the United States. voted by an over
whplming majority to restore To Dowpr
no nj viii, oh hos Il
istencP. favored Il protective tariff and
given 10 the country such tariff when
ever IT had the power to do so. This
protective measure whether given by the
Republican party under its present name
or by its predecessors the Wings and
FcdcraliSts. has. as is seen by the his
tory cited above always brought pros
perity To the country There is there
fore. good reason To believe that the pro-
tCctive tariff which the Republicans hope
to he able tn place upon the statute books
will. in good time. bring again the pros
pcrity which former protective tariffs
have always supplied.
Can't be Done in "a Minute.
II must be remembered. however. that
great movements of this kind cannot be-
completed in Il moment. The Republican
party does not control the Senate of the
United States today and it is extremely
uncertain whether it will have Il clear
majority in that body in the next Con-
grcss. Should it not he able TO cast a
ma iority of the votes in the Senate no
one can fOretcll how successful it will he
in passing Il thoroughly protective tariff
measure or how promptly action can be
had. The framing and consideration by
both branches of Congress of tariff
measure is y long and laborious task
The Democratic party. which was sue | .
cessfu in November, 1892, did not place
its tariff measure uDon the statute books !
until August %. 1894. nearly two years
after the election in which it obtained
control of the House. Senate and preSi-
dcncy. Il must not be expected. there
fore. that the Republican success in No
vember. 1896. will or can possibly be I
by such prosperity as Il protec- ,
tive tariff can give until time is had to 7
frame, and if possible. pass Il
measure ef that kind. This must nrcpS-
sarily be the work of months and thcse
months cannot begin until after the in |
luguratiOn of President Mckinley and
the placing in his hands of the power of
calling together the Congress elected i
with himself in Novem- ]
Der 1896. Patience. therefore. will he 4
necessary. Intelligent patience. by which '
the people will understand that the pros '
perity which has been promised cannot I
he expected until time is had To inaugu-
rate President Mckinley, to call Con I
gresS together and frame tariff meas {
ure. pass it in the Republican House. .
place it before the Senate and see {
whether il can he passed in that body '
whose control by the Republican party I
is yet in grave doubt. and if passed. '
place it upon the statute books and put it /
in operation Il sufficient length of time
to enable the manufacturing industries
to feel its protective effect. the agricuItu-
raj interests to receive the impetus which
III -
The manufacturing centerS and the bust
ness world ~ recover from the depres-
sion. deficiency and disasters which have
accompanied the years of Democracy and ,
low tariff with which the country has ,
been struggling since the election of :
1892.
TWO KINDS OF DEMOCRATS. t
The Bryan-Altgeld Section is Recruiting I