The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1904-07-08

Take the census report of 1850 ana
compare it with the census report OF
1860 and it will be seen that the ratio
Of increased wealth during those ten
years was greater than can De SHOWN
for any ten years under a protective
tariff.
During these ten years under rev.
enue tariff factories increased mar
velously and agriculture was more
prosperous than at any former era
Farmers became rich and lands ad-
vanced in value. In 1860 the capital
invested in manufacturing was twice
what It was in 1850. Protectionists
cannot point to any such period OF
prosperity under protection.
Then, too. our money system was
poor. We had the wildcat state banks.
They issued circulating medium,
much of which they never redeemed.
The banks went to smash and disor-
ganized and hampered business. In
CONSEQUENCE of these bad banks we
had financial trouble in 1857, but this
was soon over: and Notwithstanding
the lack of such transportation facili-
ties as have been secured in later
wears. that ten years period under a
revenue tariff stands out in bold relief
and challenges comparison with any
ten years under protection.
The republicans gained power in
1860 under platform that did not hint
at protection, but the war came on and
as a war measure a protective tariff
was enacted. Manufacturers grew
rich under high protection and they
have continually demanded more and
more, until now under the Dingley
bill we have the most eXtOrtionate tar
if the country has ever seen, and the
republicans refuse to modify it in any
particular.
What follawed the first republican
tariff? The worst panic this country
has ever witnessed before or since,
lasting from 1873 to 1873. During
that period of five years land values
|, shrank more than half. More men
were sold out under execution than
during any other like period; more
bankrupts were made by that finan-
cial panic than by any other; then the
army of tramps first sprang into ex-
istence in this country; and the worst
labor strike the country ever Witness
scene of riots and much property was
destroyed in many cities. Soldiers
were called out in every large city;
and people believed that we were on
the eve of a great revolution or anar-
chy.
All this-and we have not over
drawn the picture, as the records will
lican tariff. The republicans seem to
think people have forgotten that dark
period when the country was truly in
distress; but if memory fails, the
records cannot be Obliterated. The
history of that five years of "adver-
sity'' ought to be reiterated until the
republican demagogues become
ashamed of their brazen falsehood.
The panic of 1898 was mild compar-
ed with the one from '73 to rs; and
the one in SO was under a republican
protective tariff, the mckinley bill
The democratic tariff, known as the
Wilson BILL" was not enacted until
late in 1894, fifteen months after the
business 'adversity'' of which the re-
publican platform speaks: nor was
that regarded as a democratic meas
ure. It's history in the senate is ia
miliar.
The Mckinley tariff was enacted
in 1890 and the country Immediately
after showed signs of business trouble.
The people became restless and dis
satisfied. They elected Cleveland by
a great majority. The revenues so de-
clned under President Harrison that
| he prepared to issue bonds; and this
unfortunate financial condition was in
herited by the democrats when they
came into power in 1898.
SO the facts of history stamp the
Republican assertion as false. 1t is not
true that "a democratic tariff has al
ways been followed by adversely; a
republican tariff by business pros
perity." AS the above facts abundant
| ~ show, the reverse is true.
The country has been prosperous
| during the past six years, but many
! things have conspired to bring about
| the condition. The increased prOduc-
ton of gold made money more album
dant. Bad crops in Europe and Asia
and abundant crops in this country
|