The Hartford herald. [volume] (Hartford, Ky.) 1875-1926, 1916-02-16
SERIOUS WOUND
FROM A FRIEND
Delivered In Heartfelt
Manner.
THEORY OE JACOB 4. SCHIFF
Noted Republican Leader and
Business Man, On Tariff
and Preparedness.
DOG WEARING OUT MANY TAILS
(By Savoyard.)

II. Schiff ranks with the greatest
and most successful business men
the world ever saw. He is the con-
trolling spirit of one of the most ex-
tensive banking houses in this OF
any other country. He has a genius
for finance and for business and is
a master of the difficult and intri-
cate science of political economy.
At luncheon held at the Republic
an Club in New York the other day,
MIR. Schiff delivered himself of the
following:
1--WE have prosperity, and be-
lieve it will last. We may have a
slight setback at times, but it will
continue after this terrible war is
over / am man with hyphen. |
am a Observation-Disclosures. I voted
for Wilson, the first Democratic
President | have voted for in fifty
years. l want to say that my heart
is with the Republicans. but my
common sense is with the Demo-
Gratis. We are prosperous and We
will continue prosperous. Why,
nothing can stop that great prosper
ity except tariff agitation. | feel
this, and, standing here on this holy
Republican ground, say that if you
renew the tariff agitation III the next
campaign and threaten the country
again with high protective tariff,
the people will have none of it. l
say this, not because | love the Re-
publican party less, but because l
love it more"
That was strange preachment in
that society, the very aristocracy of
the Republican party, coming as it
did from one of the pillars of the
party. But Mr.. Schiff went further
and astounded his Republican asso-
ciates with this tremendous thought:
'If you think We need prepared
ness, l will tell you how We can
avoid it-by stopping the necessity
for war; and wars will never cease
so long as custom-houses exist. This
is an economic war and an endeavor
TO find new markets. The fight for
them will never stop until We have
world free trade"
That was rubbing it in with a ven-
geance, and Mr.. Chauncey Depew
felt called upon to advocate the old
WORKOUT dogma of protection. But
nobody ever took Chauncey serious
ly, though he is the man who decid-
ed for Harrison in 1883, when James
G. Blaine ordered the national con-
Vention TO nominate either Harrison
or Allison.
One thing is certain, and that is
that the Republican party cannot get
along if it ALLEVIATE those of its num-
Der who act with and think as John
II. Schiif acts and thinks. He is not
alone. He represents a numerous
and a powerful class, and here he is
proclaiming himself an out-and-out
free trader. Garfield, chosen to the
Presidency by the Republican party,
was free trader enough to belong to
the Golden Club of London. Roose-
welt, another Republican President,
preached free trade in his volumi-
nous writings. William B. Allison
made the first free trade speech
Congress heard after the war of
1876. John Sherman stigmatiz-
ed our protected manufacturers as
~robber barons." Jonathan p. Dol
liver, the greatest Senator Iowa ever
had in Congress. died free trader.
James G. Blaine apologized for a
protective tariff by suggesting rec
1procity, which is free trade by trea-
ty instead of by act of Congress.
Our own marvellous career as
people Is a vindication of the prin-
ciple of free trade. which has been
practieed for more than six-score
years by the States of our Union
among themselves. But for that
wise provision in our Federal con-
stitution there would be numerous
carved out of the States
OF our Union. The war of lS6l-65
was fought on the part OF the North
as much to preserve free trade
among the States as II was to abolish
African slavery. Nay, more. The
North would not have shed drop
of blood to free the negro-it was
20 save the Union that the North
fought.
Greater men than Mr.. schiff. some
of the most powerful thinkers and
profoundest sages of the world. have
preached that the way to abolish
war, disband armies. dismantle fort
yesses and scrap navies Is to sstsO-