Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1913-05-10
THE REAL CAUSE.

THE REAL CAUSE.
Representative w. w. Bailey OF
Pennsylvania has just made speech
in the house in which he claimed tnat
low tariffs were not the cause Oh
panics.
An opponent of the Underwood tarlft
bill made the statement that in all the
history of the United States, he had
not been able to find any record OF q
low tariff that had failed to produce
a panic. He said that every low tarlfl
put in force had brought hard times
on the country, and the people We're
made to suffer. He said, however, the
people could not blame anybody hut
themselves, because every time that
a low tariff had been put in force II
had been because the people had
elected to office men who stood Tor
the enactment of low tariff.
REPRESENTATIVE Bailey Is Demo
crat and made a speech answering
the above statement. During MS
speech he said:
"The Walker tariff of 1886, wnlcn'
next to the bill we are now dlscusslns'
was the nearest in harmony with the
revenue idea. and it inaugurated an
era of prosperity the like OF when
had not been known before, and wnlcn
has not since been surpassed"
It is a fact that for several years
after the Walker tariff was adopted,
times in this country and many otner
parts OF the world were good. me
reason for those prosperous tlhes'
however, was not the walker tarl!I'
It was due to the discovery OF golo IN
California on January -, 1898, Just d
few weeks over year aIter 'ne
walker tariff bill went into effect, and
The Crimean war from 1854 to 1886:
THE effect of the Walker tariff bill
had lust begun to be felt in depress.
Ing way when the discovery OF gold
Immediately revolutionized the prices
81 every kind of product in the whole
country. Big prices were PAID TOT
horses, mules, wagons, oxen, and sup
Mics Of all kinds to OUTFIT wagon
teams to make the journey across the
nlains. Old ships that had been con.
darnned as unseaworthy were bought
and fitted and navigated to the
Ixthmus Of Panama and around the
horn Thousands and thousands OF
mon Quit their Jobs in the few in
duxtrfes we then had, and those VINO
remained at work received big wages.
This was not on account Of the low
tariff, but in spite OF 1t.
In the early fifties it became evil
dent that France, England, Turkey
and Russia were likely to have war,
and all those countries began to pre-
pare for it.
ENGLAND was totally unprepared Tor
this war. She had been at peace since
\, the battle of Waterloo, forty years be-
}ore. It cost England $4,000 men and
s4O0. 900 900. Her factories were busy
supplying her own needs and therefore
her immense industries could not un-
load their products in this country
until after that war closed. The same
was true Of France.
Those complications and prepare
tions finally resulted In the beginning
of the Crimean war In 1854, which
continued until 1885, The Quitting
OF these armies and keeping them in
the field necessitated the use OF i'm
mense supplies, and made market
for both labor, produce and live stock.
It Ia claimed by the protective tariff
advocates that these two events, the
discovery Of gold in California and
the Crimean war, delayed the panic that
would have been brought on under
ordinary circumstance much earlier
nv the Walker tariff bill. That tariff
measure was not In reality measure
of exceptionally low duties for those
times. It remained In force until 1857,
which year it was revised and made
considerably lower. AS evidence OF the
want and distress that was then over
whe]ming the country, we quote from
the message of President Buchanan,
delivered in December, 1857, in which
he spoke as follows:
'.1n the midst of unsurpassed plenty
IN all the productions of agriculture
and In all the elements of national
wealth, we find the manufactures
suspended, our public works retarded,
our private enterprises Of different
kinds abandoned, and thousands of
useful laborers out Of employment and
reduced to want"
President Buchanan was appealing
to congress to enact legislation that
would relieve the people from want
and give them employment. Repre-
sentative Bailey, who lives in state
that has been made rich by protected
industries, is appealing to congress to
enact Just such a law as President
Buchanan was trying to get congress
to repeal.
TARIFF ON AUTOMOBILES.
Twontv.Reven of the automohile