The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1904-11-05
THIS IS ROBBERY.
CRIES CLEVELAND
The Taxation of the People by the Tariff Has In
creased One Fourth in the Last
Twenty Years.

os infant industries soon grew TO be
onderfully in excess of al othef Dlrth
rate records. In 1888 they had at
tracted attention enough to oe de-
rounccG in )cth party platforms. Tnc
precocity of these infant prodiSies ran
far ahead of the most exaggerated
imagination of PARENTAL PRIDE. fe-
fore they were day old they recog-
ni2ed in the policy of high protection
the way to growth and strength ana
wealth. Though it is sometimes now
said that the tariff has nothing to do
With trusts. Mr.. Hayemeyer, the most
competent of all men to give expert
testimony on the subject has declared !:
THE tariff is the mother of trusts;
and the trusts themselves were pre-
cocious enough to know this at the
beginning of their infantile existence.
How the Trusts Fatten.
1'hev knew that tariff protection
builds a high wall around American
industries which guards them against
competition or disturbance from
abroad, and they know that nothlils
prevents the raising OF prices 10 .lle
fun height of this wall except COM
retition among these industries them
selves, resulting in the underselllng
Of each other at home and WITHIN the
fortified area of their operations
They know this barrier standing be-
tween our consumers and the exact
ion of prices as high as the wall OF
tariff protection must be femoVeu
and the margin between prices ds
modified by home competition ana 'he
prices attainable without such cCln~
retiticn. be under the control of these
if they were to enjoy to the
fullest extent the fruits of government
favoritism. They knew that home
could be eElnlnaieo py
such agreements among the Industries
interested. as would regulate prices
and production and concentrate man
aeement; bat above all Things IheH
knew we'll that all devices Wouid en-
tirelv fail to accomplish the result
desired if any breach in the wall OF
against foreign interference
vas permitted; and they knew that
the higher this wall was raised the
greater would be the scope for thelf
Vaccinations.
Nor is if alone in this direct and
paIpable way that high protecton Is
an essential factor in Industrial com
bination. Those who manage tnose
n fairs take into account and consider
as an asset of their undertaking tile
increased profits which must result
when tariff protection is coupled with
the suppression of home competition:
and counting this as money IN mana
they are enabled to confidently ven
ture upon the purchase of similar IN
enterprises at high Valua-
tions paid in watered stock, or 10
force their corporation by threats OF
ruinous attack.
Schemes Of this sort, secured
against foreign interference by
protective tariff and shielded from
domestic disturbance by covenants or
joint participation and defense Wheh
and fully under way,
enhance their profits by what is called
economy in administration, which is
another phrase for consolidation of
but which really means
less work for many employees ana
laborers, and the reduction of wages
to the lowest possible limit. l nave
said that the higher the wall of pro
lection was raised the larger was the
scope for the Vaccinations of these
trusts and combinations.
Hit by the Wilson Law.
The Mckinley tariff law which
increased the average rate
IF import duties over those of 1884,
was passed on the first day of OCTOBER
1890. The trusts and combinations
formed prior to the latter date were
not numerous. | have seen llst Oh
eadine corporate industrial comblna-
ions numbering 213, of which
,ouId count only thirteen existing at
he time this law became operative
Under the stimulous of increased pro
-actiop afforded by the Mckinley tdr1H
hey began to multiply. ihe
nent has been made that under TINS
-aIiff or rather prior to the passage
IF the DingIey law in 1897, only
eighty of those trusts and comblna-
ions had been formed. 1t must be
noted. however, that during about
-hree years Immediately before that
1ate. the Wilson tariff law was in
force. This was u Democratic meas
IRE which repealed the Mckinley en-
lctment and lowered duties. WhlIe
he Wilson law prevailed, the creation
# trusts and combinations almost en-
-irelY ceased as vas naturally to he
,xnected. in view Of the fact that the
of Democratic tariff legis-
ation and the policy of the Demo-
,ratic party is unfavorable to the
and development of these par
-icular infant industries.
Burden of Dinglcy Tariff.
The Dingiey tariff law of 1897 raised
he average or import dulleo 10 Sohie
hing over fifty per cent and made
he high water mark in our country's
-ariff legislation. It's fond parents
have placed uDon the family record
contained in their Bible entitled: Re
publican Campaign Textbook, 1904,
he following msntion of the child
birth and its lovely traits:
went into effect July 81. 1897.
known as the Dingley Act-thorough-
ly protective and stated in it's title
that its ou. pose was to provide reVe-
nue. for the government and to en-
courage the industries of the United
States"
1t has indeed provided revenue for
~, e.ayor,, ,,oa,,t b,,t II baC oriax-orrcIx-