Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-04-08
NO PERMANENT GOOD.
RESULT FROM HIGH TARIFF, AN
UNHEALTHY sTlMuLANT.
The Me KiuIey Tarifr Bill When in Oper-
alton r owed to n Blight to tn In.
dnstrIes afthe Country. With the Gold
standard it Worried Disaster.


Those gentlemen who are known to
talk most fluently upon one side of the
tariff question, give the other side no
thought or attention whatever. For
instance, they speak in glowing terms
of the great increase of manufactures
in this country under the Mckinley
law, without giving the necessary in
creased sale a passing thought; and
while the manufacture and sale OF
goods during the years of 1885 and 'sS
may have amounted to five million dol
lars worth per annhm, yet 1t must
be remembered that that amount was
not only manufactured, but was put
upon the market and sold during
those two years, unless were held, un-
der the pending tariff bill, with the
thought that an increase could be had
when said bill was passed and became
law.
During those two years, it must be
remembered that foreign manufac-
Aures were at their zenith and Great
Britian's product exceeded ours by
y about one thousand million dollars,
their entire product amounting to
about SIX billion dollars worth which
they also sold on the markets of the
word. Now comes that which those
exceedingly wise (?) gentlemen do not
explain. 1t is this:
During the years of 1890 and 1891
the increase in manufactured goods In
the United States was two billion dol
lars worth per year, or four billion
dollars for the two years. This in
crease would make 81, 900, 900, 900 worth
Of goods to be put upon the market
and sold rduring each of those two
years. In July 1902 the coinage OF sill
yer was stopped at the mints and
four hundred millions were locked up
in the vaults in Philadelphia, Wash
ington and New York. The silver was
not only taken out of circulation but
1885,, 200, 900, of. national bank notes
were withdrawn from circulation
This decreased the circulating medium
one-half and also decreased the value
OF all goods one-half Look at the re-
suit! $4,000, OOO,O 600 worth of manu-
featured goods reduced to less thar
$1,000, 100000 in value, in two years
under the Mckinley tariff law. An in
crease of bulk, one.half, and decrease
in price one-half. That is the kind O.
prosperity ~ that we had under the
Mckinley law. This left seven thou
sand million dollars worth of goods un
sold in the factories during the veal
1892. Thus the market was glutted
loaded with no money to buy with and
no prospect of demand And this in
Gfeased amount had to be put upon the
market at a sacrifice of one-half of its
original value.
Granted that the United State be
came the greatest manufacturing coun
try in the world, during these two
years, yet where is the glory in that
when there was no market for half the
product and that at only one-half
price.
is that encouraging to the laborel
who has not yet got his pay for his last
two months work? Thrown out o.
work at the beginning of winter in
1892 and 1893 because of an expansion
of the manufactured products of the
country one-half and the contraction
of the currency one-half with con
traction of the price one-half.
Seven billion dollars worth of goods
thrown upon the market in the United
States, under the Mckinley tariff slim
ulant and half of the business houses
Of the country bankrupted by such ac
cursed legislation!
But remember, kind reader, tina
this is not the exclusive fault of thu
Mckinley tariff law No indeed. Blu
Great Britain got much more than ever
by getting an easily manipulated
overerowu and INSCRIPTIONS congress
senate and administration to fully de
monetize silver and lock it out of thu
markets of the United States and O.
the world, during these two years
This legislation alone reduced the value
of every manufactured article in thu
United States one half, also of all thu
agricultural products in like ratio.
But for some years past the tariff
question has been engineered so as Il
help the central states as we'll as New
York and the New England states.
Since the decline Of the oil wells il
Pennsylvania, they have moved on intC
Ohio and Indiana and recently Indiana
has got over thousand new manu-
factories in her gas district. But Ohio
rot the benefit of the important offices
and the political Doodle. Beginning
with Hayes administration, Ohio go
most of tht supreme judges and Other
important appointments. Then Jane:
I