The age-herald., 1897-08-01

Among oOulnef | not attempt heNafter to walk in the light | of reason and experience. but should fei- | low with blind faith he necromaneeis who constructed this tariff.
 l.. f,ean see nothing but ruin of the people in tfsis-jugglery of political hopes, intead- l ell to cofisunlnia the power of wealth aEd frlvAege ia the over hrow of the n- l dqStrial classes. who are consumers, that must pay, all tariff taxs on imports. an1 are thus made to incrca.e the wealth of ths protected classes in sums hat are al-
 most beyond compu, aItion.
 More than 50 per cent. of them are fa.m- CTS.
 What "protectlon" does this tariff give them? The answer is, Not one cent!
 Thirty per cen. of the consumers are miners, mechanics. foresters, fishermen, professional mon and idlers. They get something. bu. very little out of this tariff in the distribution of bounties. I he rest are the protected" boun y-fed classes, and they get all in the nature of profit that :he others produce and. in the long run, they get a large share of the ca pital, whether it is land or personal property, or skill, or labor, thst the toil- CTS employ. in earning bread. This Is a fair ard true summary of the results of th.s new tariff law, this mighty evangel of protection
 Prophecy is the demagogue' trick of deeeiving his deluded followers. It Is justly discounted by the people, in these days of "false prophets" which come, like the locusts, when a country is doomed to suffer famine. They sing l. with, strident joy, unconscious of the ruin they create.
 -s9hey spropffssy a great boom of ''pros- perity." and try every breeze that comes, to find a pressage of their vivification.
 It may be that the country is strong enough. in the Yigor of it's wonderful | growth, to .outlive another. legislative blow, like this. It is the only growing country in the wo:ld, exc pt Mexico, Can ada and Argentina. but, as compared with them, its growth is phenominah It out-lvied the civil war, and the de- struction of silver money, and other very grave calamities. It may even prosper
 in spite of the Dingley bill, but the hope of it is remote and feeble, with good lsg- islation on recognized basis of justice and y, be leading the world in commerce, and Ia sfnanoes as we lead old nations in domes- tic industries. But legislation and in- justice have prevented this proper growth
 I do not despair of the future of our country. even in this war upon commerce and this suicidal feasting upon the vitala of the earnings of our own people but T. deplore the waste and poverty and suffering that this Dingley bill must shoulder down upon the industrial classes.
 It is not possible, in this letter, to do more Sthan Illustrate the spirit purpose Esand effort of the entire scheme by point ngeput a few@of its leading features. - fsrevenufe is what was needed. while the treasury grows with $236, ,00O, 900 of
 idle capital, tax of per cent. upon the 6,000s articles on the free list would have protfuceds, ~ it. More than half our im- l ports come in free of duty. But this would have made the manufacturers pay a very slight duty on their free raw ma terial, and that was impossible. because it would have been little money, a very little, out of their pockets. Revenue
 
 bounty to the. manufacturing corpora tions, with stock largely held in Europe, and exemption from taxation of all bonds and st scks and tn .ir tr n fers, in favor of these classes who hide their vast for tunes in such securities for the purpose of escaping taxation. state and federal.
 On this point the proof is direct and positive and 1t brands the republican party. and it's leaders, Dingley and Reed, especially, as being the enemies of the industrial classes, and the guardians of the sugar trust and of all the wealthy men and corporations, here and in Eu- rope, who hold the bonds and stocks of incorporated capital. It is a fearful ac- cusation.. but it cannot be denied. r. After the Dingley bill had been nearly 1 completed in the senate, Senator Lodge,
 of Massachusetts, offered an amendment
 to 1t. providing for very light percent
 age of revenue taxes on bonds and the
 transfers of stocks of incorporated com-
 panies. His leading purpose was to
 reach the sugar trust with taxation.
 This amendment was approved by re- publican caucus: was offered in the sen-
 ate by MT. Allison Republican,, who had
 charge of the bill, and was voted by the
 senate, unanimously as a feature of the
 bill It was prepared with great care
 and was, for the most part. copied from former statute of the United States.
 When the bill went to the committee of
 conference. the republican committee men, from the house. insisted on striking out these taxes. the republican commit
 teemen of the senate agreed to strike themout. and 1t was done. and the demo-