The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1897-06-29

hnance is alone responsible for pre-
sent conditions. | am ready to con-
cede that our financial system is wholly
pad, and has been q potent factor in
bringing about the distress we see on
every rand. But, Mr. Speaker, there
must. nave been unfair exchanges
among the people before money secur-
ca It's present powerful position. SO
long as exchanges are fair AM equal
oet"een the sections, just SO long will
the people OF the various sections
secure their proper share of the money
In circulation.
When the sections which produce
"a" material receive propUrtionute re-
Enumeration with sections whiuh mann
lacture, the producers of raw material
VIII prosper reclprocally with those
VINO manufacture In other words,
"nen there is a reciprocity in remun-
Grafton or prohts for all labor i'm ali
sections there exists al equality OF re-
suits, which eliminates the ADVANTAGE
OF one class OF laborers over another.
Under such condition, no matter
whether The volume of money be great
or small, everyone who labUrs will re-
celVe his proportionate share, and the
money OF such u country will remain
divided among its people, and can not
De secured and boarded by Il few while
WV "'ohJ 81 "IDllOuU. ne very mo-
ment, however, hat one section OBJ
talns an advantage UNEQUAL EXCHANGES
oegln, and unequal division OF none
follows.
Money is the lifeblood of business,
moving through the arter and veins
OF commercial exchange. When these
exchanges are fair n just, the entire
economic system thrills and vibratcs
with this life giving element. But
"hen exchanges become unfair, when
some OF n veins and arteries are
clogged, and this life-giving element
does not or can not return, the entire
system becomes ~deranged, and the lite
olood Is found cOngested in some parts
and wanting in others. The result is
disaster and death. An unfair protec-
i've tatlff gave the Eastern manu-
iacturlng States an advantage. This
advantage in ~taXatlan made unfair and
unt exchanges throughout the
country. Through its application the
manufacturer obtained Il larger re
Enumeration for his labor than those
VINO produced the raw material used
In the factory or the food products con
sumcd by the operatives.
Under such conditions the manu-
featuring centers gradually but sure
~ received an UNEQUAL share of the
general lund OF regulating medium,
and became the money as well as the
manufacturing centerS OF the nation,
with cry exchange between The
East and the balance Of tue country an
unialr division OF profits or remuncra-
tion TOOK place, and an uneQua por-
Vioh Oh Ihe general stock of money
went TO New England. It was through
this method OF unfair exchange, made
possible by unequal taxation, that the
East obtained moro than It's proportion
OF the money OF the country, and now
bids defiance to the balance of the ma
ton"
Mr.. President, the more | examined
the subject the more thoroughly
became impressed with the belief that
me pcop!e OF the South were being
p~iundered, and that, as II rule, we were
giving more attention to the propa-
ganda OF a political theory than the
material interests of our constituents.
Acting upon this belief, ] demanded
OF the Committee Of Ways aud Means
an equalization OF the benefits of this
measure between the North and the
South.
asserted that II the policy OF the
measure proved beneficial, the South
was selfish enough to want her pro-
portion If. ON the contrary, the bill
should be detrimental, the South was
p"oi SbouSh W SGdnu us snare OF
disaster; tina IN any event and at all
times we Of the South demanded that
all national Legislation should distri-
butte It's burdens and benefits equally
among all the sections and all the pcO-
pie. Inc novelty OF such Il position
was so great and the spectacle so rare
Tor a Southern representative to make
such demands hat ! nave been called
a prOtectionist.
Mr.. President, | am not a protcc-
tlonlst' nave never given Il vote in
support Of that principle or uttered a
word In defense of that doctrine, |
look upon the doctrine Of protection as
lndefensible and II potent factor in
building up and maintaining trusts and
mOnOpoi1eS. Certain newspapers in
the North, instead of answering nv
arguments against protection, have
been pleased to call me Il protectionist
because | demanded equality before
the law. stand ~squarely upon the
tarii plank Of the Chicago platform
ana base my actions entirely upon its
teachings. My votes upon the lumber.
cotton, and rice schedules are in strict
accord with the doctrines OF Dsmo-
crazy. they were given in defense Of
the people whom | represent, and to
compel the Republican party to place
the South on an equal footing with the
balance OF the country.
so far have been guided by n sim
cere desire to serve the best interests
OF my own State and The South. And
ant to say most omphatically that
no matter who may criticise, or what
criticism may be made, shall continue
to- labor for the welfare OF South Caro-
lima to the very limits OF my ability.
! believe that If the representatives
OF each State would labor more
earnestly for the material interests of
their people the laws on our statute
books would be less sectional and far