The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-10-26

they occur periodically about every ten
years the next one will probably come in
1903. The only. chance to avert 1t is to
and have a law passed which will at
least check the private monopoly, the
abolition Of which the experience of New
tbesa righteousness I.luiGares' Would put an END to
Will occur in the next administration will
probably be more severe if Mckinley is
administering the government than it
would be II Bryan We're president, be-
cause the party which Mckinley repre-
sents is more favorable to private monop-
Giles than is the party represented by
To show how baseless is the contention
that high tariffs have caused and do now
cause prosperous times, and that low
tariffs have caused and do now cause in
dustrial depressions, we have but to call
attention to the fact that the industrial
expressions of 1897, 1S47, 1857, 1867, 1873,
neously in the United States, Great Brit
ain, France, Germany. Belgium, and other
countries. And all of these industrial de-
presslons in all of these countries were
the first industrial depressions which oc-
CURED In the United States commenced
IN 1878, in the administration of Monroe.
IL was not preceded by a lowering Of
the, tariff. so it can be attributed to no
Such cause. We recovered from the de-
preston while Monroe was president, and
tariff.
ANOTHER DEPRESSION.
The next depression occurred in 1926,
the tariff having been increased In 1924,
with no reduction to precede and cause
the depression Two years afterward
was called the tariff of denominations"
and duties were very high. The tariff was
modified but not decreased in 1882, and
in 1883 the Clay compromise bill was
In 1928 Jackson was elected president,
and his two terms were periods of pros
.perity, although the tariff of 1882 was,
of its excess of 20 per cent.
In 1887, at the commencement of Van
Buren's administration there was an in
dustrial depression which affected nearly
every civilized country of the world.
Special pleaders for protection tell US
this depression was caused by two small
reductions in the high tariff of 1892 which
reductions, in the aggregate, was but
one-fifth of that tariff excess of 20 per
cent, and they contend, with all the Sc
robustness of Don Quixote, that this in
significant reduction in our tariff brought
on an industrial depression in the United
States, Great Britain, France, Germany,
Belgium and other countries of Europe
as well.
How inconsiderate, yes cruel, we are
not to allow those countries a voice in
the making of our tariff laws, when,
according to our Republican friends So
so diSaStrOuSly.
With the rest of the civilized world,
we managed to recover from the depres-
sion of 1897 and that while the duties
on imports into the United States were
being reduced. In 1876 tariff bill was
passed, lowering the duty on most i'm
per cent, and times continued prosperous
up to 1857, when the maximum protective
duty was reduced to 20 per cent, which
protectionists now tell us caused the
depression of that year. However, the
papers at that time did not even suspect
that change In the tariff was the cause
OF the depression, and lower tariffs con-
tinued to be in favor. The depression
lasted but short time, and we were
having prosperous times when the Civil
war broke out. This depression of 1857
extended to Great Britain, and the con-
tlnent OF Europe. and it was succeeded
by prosperity In all those countries.
ANOTHER DEPRESSION.
Just as it was in the United States,
where there was probably enough in the
Gunner pals up to 1S66=67, when, without
any reduction in our tariff-in fact it had
peen twice greatly increased since 1851
there occurred another industrial depres-
sion, which was almost world wide On
most protected commodities the tariff
reached its height in the law of 1864
where it remained-With a few unimpor-
tant changes, which were nearly all made
10 secure more protectfon-until 1878. The
average rate OF this tariff was 4L06 per
was III force times were not very pros
porous, although we managed to live,
and We had our ups and downs for times
became gradually better up to 1873 when
another period of depression commenced
A horizontal reduction of 10 per cent was
made In the tariff in that year, and pro-
tectonlst logicians may get all the COM
Tort they can out of that. However, the
depression affected Great Britain and the
extent of Europe just as it did the United
states, and it was made an excuse for
repeating the 10 per cent reduction in the
tariff in 1873. The country was slow to
the dinner pals again began to fill only
to be again emptied in 1882, when we had
another industrial depression The tariff
had not been lowered to cause this de-
of the tariff in 1883, when it was pre-
tended to lower the rates, and while that
tariff was In operation we recovered from
the depression of 1882, as did the rest of
the civilized world, which was also af
fected by the depression
Iii 1854 Cleveland was elected president
for the first time, and all the world en-
Joyed prosperity. This prosperity was
continued into the administration Of Har-
rison, when, in 1892, a worldwide indus
trial depression commenced
From 1861 to 1884 the government was
administered by the friends of high pro-
te tariffs, and all the protection
that time we had three industrial de-
pressions, and at no time since 1854 hiss
the average tariff on imports been less
than 4O per cent, which, in every impor-
tant manufacture. is excessive and pro
hibitiVe.
In the light of these historical facts. IS
1t not the height of presumption to ex-
pect people of intelligence to believe the
prosperity argument of Republicans?
When I hear it or read it, I say in nv
mind You must take us for pack of
~