The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1897-03-23
rs we can produce or make for our
selves without natural disadvantage,
and thus provide more abundant oppor-
1oh ~ -

and thus provide more abundant oppor-
tunities for our labor. No economic
policy will prove a success unless it
shall i'll some manner contribute to
opening up employment to the masses
of our people, at good wages. When
this is accomplished, and thus the pur-
chasing power Of the masses restored,
then, and not until then, will prices
cease to feel the depressing effect of
under consumption, and the prosperity
of our people rise to the standard of '92.
The past four years have been en-.
tightening, especially to candid inyes-
tigators of economic problems We
have been attending kindergarten Oh
la.ge scale. The tuition has come
high, but no people ever learned SO
much in SO brief time. Hereafter
theories preached in however captivat-
ing language will have to give way to
the teachings of experience. 1t has
been the favorite assumption Of the
ories that revenue and protection i'll
the same tariff scale are impractical.
But we have had i'll the
| past seven years. in the con-
trasted working of the protective
wool and woolens schedule of the
tariff of 1894, most startling demon-
stration otherwise.
| Mr.. Dingley then gave some statls-
| tics relative to the importation and
tariffs on woolen and said that by
placing wool on the free list, the treas
ury lost $2l ,OO0,O 600 revenue, and the
farmers $50, 600, 900 per year, and that
this country had not been able to ill.,
wool. 1t had been claimed, he went
on, that the price Of clothing had been
reduced, but this was only in appear
ance, because people had been deprived
of work and wages, and found it
harder to buy clothing than before
The new schedule would aid the wool
grower, increase manufactures and ul.
timately increase the revenue.
People Ask For Action.
Mr.. Dingley then touched briefly
upon some of the other schedules Of
the bill and discussed at some length
the ad valorem and specific systems
and presented figures showing how
| ulsttuN dlltaScouoiy tho az 'a-oAeAA - .
tenn worked.
He then presented the estimates as
to the probable revenue that would be
raised by the bill, which were given in
his report with the supplemental state.
ment that the second year the bill
would yield 500 900, 900 increased rev.
enue.
In closing, Mr.. Dingley said:
1T must be obvious from any point
of view that prompt action by the two
houses of congress is indispensable tC
secure the revenue which the pending
bill is intended to yield. The exigency
is an unusual one. The people, with
out regard to party affiliations, are ask
ing for action. Business awaits oul
final decision. With this great ques'
tion of adequate revenue to carry Oh
the government settled favorably, by
such an adjustment of duties as VIII
restore to our own people what has
been surrendered to others during the
past four years, with restored con
tidence in the future there is reason
to believe that gradually and surely
there will come back to US the grea
prosperity which we enjoyed i'll the de
cade prior to 1892, and which the great
est of living English statisticians Sc
strikingly eulogized when he said IL
1892 that it would be impossible t.
fibd in history any parallel to the prog
ress of the United States i'll then) thu
last 10 years.
Mr.. Dingley was followed by Gen
eral Wheeler of Alabama, who opened
. the case for the minOrity