The Caucasian. (Clinton, N.C.) 188?-1913, 1897-04-22
The Tariff is Futile.


had existed ~hsih.r und 2 the oosr-
atoms Of high OF Low rate Of daty.
and the Outcome Of iss legi.iasios
will in my opia,oa prove 70 d1ssp-
point,p1, N barren 10 results, ~ 10
rivet closely the atteaiion Of the
American people TO the frus cause
Of the disease, and vs shall then Be
ready TO cease the treatment OF ~ mp
toms AID strike 1T the very root Of
the disease iss-ls.
The FRS, feet OF The passage 81
tie new tariff bill utques,io m bly,
will b. 70 kipdls many . furnace,
aud start many . forge and loom.
The 6rst tendency OF manufaetus
prod ucts will be to rise, ard labor
will be actively employed for sisty
or ninety days The ware houses
will be stored san Of msuufsetur d
products, and then they ~ill await
a market. absolutely Ignoring the
fact that the men producing Wis .,
in the Mississippi Valley ., IS cents
per bushel, cotton in the s ,u,n at
e. n's per pound, pork 10 the West at
or 4 GEMS per pound. cannot pur
chase but tlthe Of those products
which the factory produ O.. ADy
old farmer will tell Us that the cost
If a bushel of wheat is . days work.
Fifty per cent OF our people are on.
gagt d in agriculture Or of its kip drsd
pursuits, and it stands to reason. and
ought to be q plain proposisrop, that
half OF The people employ ed in sRri-
culture, earning IS to so cents per
day, cannot purchase what the other
half produce working at the rate OF
81 so or So Per day. They can pur-
chase only about one quarter Of the
latte,'s product. And SO the mills
ard factories must sgain close and
remain idle three fouribs of the time,
or the prices Of their products con.
tlnue to diminish until the aRrie al
tural half can purchase what the in.
dustrial half produce.
With a high tariff, with q revenue
tar # or free tr ,de, we believe tina,
no permanent prosperity can be the
portion of our people under the
dwsl Eng, bliehtipg sway of the sin.
gle gold standard. 10 bimetalllsm
alone, operating to raise the price
level of the world, will be found a
solution of the problem. and q re.
lief from the ills confronting ag,i
culture and industrial production
AS student of Pei teal economy,
have found it laid down as an a1io-
matte principle in finance, that the
volume of money determined the
prices Of products For more thar
twenty-five hundred years this Law
was undisputed and uncontr>ve1tsd
Until the money Gus ion became
q burning issue Ia our American
political system, no writer or teacher
ever presumed to ass. TT the contrary
and despite their arguments tina,
two and may be four. Eve or ever
seven under varying condition 8
there will still be those found. ane
thu ir number constantly increasing
who will hold to the proposition tia
two and two arc four and Cat not b,
either more or less. Let the tar
bill pasl, build it. if you please, a,
high rs the moor; the higher it i,
built the more clearly the peoI le vii
perceive It's absolute inu'ility. Oh
Republican friends ar. destined I,
au overthrow through their mis-
taken diagnosis aud appl cation o
remedial agencies. SEQ but TN,
loophole of escape for them in tb,
next great political contest, arc
that is the inauguration Of q grea,
foreign war. Whether or not ihi,
may be determined upon will b,
made manif-st in the future cours,
Of political events.