Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1908-10-01

lions that no one locality and no one
industry can prosper except when all
thrive, and none can suffer except in
periods of universal depression.
Here is little American history:
Andrew Jackson was first elected
president in 1928, Immediately follow,
ing the enactment of protective tar
iff law. This tariff law remained in
force only five years but you can judge
Of the beneficial effects thereof from
single paragraph contained in the
message of President Jackson submit
ted in December, 1882 He says:
Our country presents on all sides
marks of prosperity and happiness un-
equalled perhaps in any portion of the
world"
The next year, however the author
of this Endorsement signed tariff act
which provided for biennial reduc-
ton of one-tenth of all duties in eN-
cess Of twenty per cent SO as to reduce
the rate on articles to twenty per cent
at the expiration of ten years.
Within six years from the passage
of this law public revenues had fallen
off twenty-five per cent; the govern
ment was again borrowing money,
Then it was that the country entered
upon the worst panic period ever eX-
perienced in the memory of any min
now living This was the famous pan
ic of 1887, which continued with In
creasing intensity until counteracted
shortly after the passage of the pro-
tective tariff of 1912, following the
;ofn 90 NNhier nartE
If anyone doubts the severity OF
that panic go 10 your library and get
Colton's Life of Henry Clay Here
is a quotation from it:
"In Ohio, with all her abundance, Y
was hard to get money to pay taxes.
The sheriff of MuslSingum county, as
stated in the Guernsey Times, in the
summer of 1912. sold at auction ten
hogs at 6Lc each: two horses at 81
each and two cows at 81 each. In
Pike county, Missouri, as stated BY
the Hannibal Journal, the sheriff sold
three horses ct $3.50 each; one large
OK at 12kc; five cows, two steers, and
one calf, the lot at 1926; twenty sheep
at 1870 each, and twenty four hogs,
the lot at csc.
The protective tariff law passed by
the Wing party in 1912 remained in
force four years, and I can furnish
no better evidence of it's beneficial eff,
feet than to quote from the message
of President Polk submitted to con-
gress in 1915:
Labor in all its branches is receiv-
ing ample reward, while education,
science and the arts are rapidly ell
larging the means of social happiness.
The progress of our country in her
career of greatness, not only in the
vast extension of her territorial limits
and in the rapid increase OF her pouu
lation, but in resources and wealth
and in the happy conditioner our peo-
pie, is without an example in the his
TOT Of nations"
This transition from the lowest ehb
of financial disaster to high plane nf
industrial prosperity brought about the
Wing tariff of 1912, as certified to by
President Polk, bears striking resem-
blance to the result wrought by the
Dingley tariff, which found 100000
men out of employment, their families
pjnched with hunger and clothed in
rags, and in four years set them all
again at work.
1t is beyond understanding why any
one will vote for Bryan and his tariff
for revenue theories, which if put into
force will bring us back to soup
houses, CoXeys army low wages and
low prices for farm products