Sequachee Valley news. (Sequachee [Sequatchie], Tenn.) 1896-1952, 1905-02-23
BILL DOOLY'S LETTER
In Which lie Treats the Subjects
He Discusses According to His
Own Views, and May or May
Not Reflect the Opinions of
the News, Which Are Ex-
pressed in Its Editorial Col
umns Only.

John c. Calhoun, who had been pro-
tectionist in the early years, now be-
lieving that free trade was better for
the south because, as he thought, 1t
must always remain an agricultural
country and would benefit more by sell
ing its one product of cotton as dear as
possible and buying manufactured goods
as cheap as possible, became an ad-
vocate of low tariff and was followed by
entire slave power of the south, who
saw the advantage which the north was
gaining under the so-called American
system of protection. The south now
saw they could use the tariff as means
to furthur their own ends, and they
demanded that the protective tariff be
utterly and absolutely abandoned.
In 1882 some concessions were made
to the southern demands but they were
not satisfactory and the south demand
ed most Important changes or threaten
ed to seceed from the union. In fact,
an ordinance OF notification was adopt
ed in South Carolina, which declared
that the tariff acts of 1928 and 1882 were
null and void and not binding upon the
state, its officers or citizens. 1t also
prohibited the payment of duties un-
der either act within the state after
February the 1st, 1888. Then followed
the so-called compromise tariff which
provided for gradual reduction OF du-
ties by a sliding scale of oRe-tenth BIZ
enially of all duties in excess of 20 per.
cent. o
The result under the second reduction
sssas most apparent, and soon the coun-
trv suffered one OF the most terrible and
disastrous financial periods of its exis-
tence. There was idleness on every
hand and most intense suffering by all
classes of people, and in spite OF this
terrible state of affairs, the democratic
national platform condemned protection
and endorsed free trade in its platform.
Most fortunately, however, for our
country and its people, the Wings were
j successful in 1910 in electing a presi-
dent and in both the houses of congress
the result was the tariff Of 1S42 which
had to be passed over the veto of Presi-
dent Tyler. The result was indeed
marvellous. Throughout the length OF
the land the benefcent results of pro-
lection were again seen and soon pros
perity reigned as never before, and yet
when the democratic party again came
into power four years later in 1914 hav-
ing elected its president and vice presi'
dent through deception, the majority
OF citizens believing that they had vot'
ed for candidates who were not hostile
to the industrial interests of the coun
try, a new tariff law was framed
known as the Walker law or the tariff
of 1s46. Not only were duties lowered
below protective point but these du
ties were in every instance made ad "a
loren in character-a most perniciou'
unjust way of imposing duties. There
were many circumstances, both at home
and abroad, which gave US spasmodi'
prosperity under this law, but wher
these unusual causes ceased the Law
proved to be most ruinous and disaster
Gus to all our industries.
In spite of our increasing poverty
however, in 1857 the duties we're still
further reduced and then bankruptc!
and ruin came swift and sure. But
new political party had been born anC
in 1860 the republicans having plural
ity in the House of representatives,
acknowledgements tariff law passed
known as the Morrel tariff, and whel
the Southern senators resigned thei
seats it also passed the Senate and Pres
dent Buchanan signed it on March
1861.
Thus it will be seen that the frs
great act of the republican party wa
4 the passage of protective tariff Law
as was the case in 1924 and 1912; tn
beneficial effect of which was immedi
abe anu SuDSbdubldls AlJbF buO Otoah
ing out of the civil war the tariff wa
amended from time to time by so-calle
war measures, many of which were re
pealed at the close of the war, but ou
tariff as whole remained protectiv
until the enactment of the German Wi
son law in 1894. In 1867 the tariff wa
amended with higher duties on WOO
which resulted 10 immediate benefit
the sheep raising industry Of the coul
try in 1870. The duty on steel raj
was made protective and that industr
started up and reached formidable pr
portions. In 1888, however, the so-cal
ed, commission tariff law was enacte
which reduced duties upon many art
cles, particularly wool with the resa
that this industry was severely affec
cd.
In 1890 the so-cslled Mckinley la