Year: 1870

rob the people by leaving this money
in their hands so deprecated that IL


would take a hat full Of it to buy


hat; it might be had, as it was in
France, for a dollar a bushel.


THE REPUBLICAN PARTY AND THE


TARIFF.


Passing from that, I come now to


the question of the tariff. There IS
great deal said by Democratic politi-
clans about the tariff. What is a
tariff? A duty levied upon foreign
goods imported into the United States.
We always had tariff in this coun-
try ever since the Government was
formed. 1t began with the admins
tration Of George Washington, and
before the Union was formed the sew
/ eral States had their respective tariffs.
| We have always raised revenue by a
tariff, and always shall. 1t has been
done under every administrator
When the war came on we could not
raise enough money by a taritf. We
had to raise it by tariff IN part. we
have been reducing 1t as we could,
I but we still have to raise hundreu
and fifty-five or hundred ana sixty
five million dollars a year by tariff.
Now if you abolish the tariff how will


you get money to carry on the gov
ernment? Will you get it by direct
[ taxation? Is the Democratic party
| in favor of that? Certainly not; no
body is in favor Of that. Then we
must have a tariff to get revenue. 1t
I is idle to talk about repeating it un-
| less you can carry on the Government
without money.


Then free trade is out of the ques-
/ ton; when a man talks about it he
talks about a thing that is impossible.
| I do not care in what manner you ad-
| Just the tariff, if you have a tariff at
/ all il will afford some protection; you
must have a tariff for revenue, and
| free trade is out of the question as
long as you have tariff.


THE VARIOUS KINDS OF TARIFF.


There are several kinds of tariff.
/ There is what is called a prohibitory
| tariff-that is an obsolete idea. l
/ know of nobody who is in favor OF 1t.
/ Then there is a tariff for protection
merely that differs but little from a
prohibitoTy tariff in principle; that is
not the kind of tariff that we want
But as a tariff for revenue will afford
some protection, and as we must have


a tariff for revenue, we propose that


the protection shall result in favor of


our own producers, and not in favor
of foreign producers.


There are two or three ways of levy


ing a tariff. One way. advocated by
Mr.. Kerr, is to levy it highest upon


articles that we do not produce at all,


such as tea, sugar and coffee. II you
/ do that, of course it must come light
! est upon articles that we do produce
| in competition with foreign countries,


so as to afford to our own producers


the least possible protection and en-


couragement.


There is another plan called the
| horizontal tariff, which is levied at an
/ equal rate of per cent. on all articles
/ without regard to whether they are
! luxuries or necessaries. 1t has been


said to be a tariff of strict neutrality


between the home producer and the
foreign producer. If you think that
neutrality in that respect between
home producers and foreign producers
should prevail, then you would be in
favor of the horizontal tariff; but


there are very few people who are in
favor of that. In levying a tariff for
revenue, we should in the first place
put the tax higher upon luxuries than


upon necessaries, and then, if there


must be q discrimination, let 1t be in


favor of our home producers.


/ Then there is another method OF


levying tariff; put it lowest on arti--
eles that we do not produce, and


higher upon articles LIat we produce,


so that there shall be at all times a


fair and equal competition between


the foreign and the home producer
If YOU make it a prohibitOry tariff


you get no revenue by it. If you put


it below the point of competition you
! get revenue only, and give the mar


ket over to the foreign producer. we


do not want a prohibitOry tariff; we
do not want to make monopoly


here; but as you must have tariff,


how should you levy it? L say put II


at a point that will afford a fair COM


petition between the home and for
eign producer. That brings you rev.


enue because there is competition, and


competition implies foreign impOrta-


ton. That gives revenue, and at the


same time builds up your own nome


producers, home manufacturers and
home labor. am for protecting home
! labor as far as it can be done legiu-


mateIy. 1 do not want to see the
, laboring men of this country working
for the same prices that the working
men of Great Britain, France and
Germany command. Labor IS high


er in this country than it is in the


countries of Europe, and l hope and
expect to see it maintained, and when


we can legitimately protect ana en-


courage our own labor, l am in taYoI
of doing it. But do not want any
body to say because 1 say this that /
am in favor OF q prOhibitory tariff, OF
. a protective tariff, in the offensive
sense in which the term is used; but
what 1 say is, we have got to have q
/ tariff. do not care how much Dem
, ocrats may bawl in favor Of Free
: Trade: we must have tariff, because
we have to carry on the Government
and cannot do il without money, and
as we must have a tariff want it SC
adjusted as to discriminate in favor Oi
, the home producer, not the foreign
= producer.


A HOME MARKET.


, Another thing right here: am in
favor of building up home market


I think there are some farmers here


tonight, and I want to say to them
, that it is better for them to sell theil
I, wheat at 81 so per bushel in TerrE
! Haute, than it is to sell it at 81 so pei
! bushel in New York and then have tC
pay for its transportation to Liver
l pool, Brest, or some other European


port. What is the fact? ? see here
: behind me a distinguished railroad
! man; state it a a general PROPOSE
|, ton, and 1 think am not far out o
! the way, that it will take one bushe
! out of three, or very nearly that, t
send your wheat to New York, anC
then it will cost a good deal to get i


from New York to Liverpool. Mr.
! | McKeen, am I not right? (The gen


tleman addressed, w. r. MeKeen


Esq, President of the Terre Haute
: Vandalia & st. Louis Railroad, re
piled that the speakers estimate wa
. correctly Now, you are in pursuit o
{ n foreign market, recollect. When l
q comes to corn, 1 guess it takes nearly
j one bushel to send the Othe
! to New York; and then if you go il
j search of a foreign market, whiet


some gentlemen are so fond of, yoI
: have to pay the additional cost o
i transportation across the Atlantic. 5,
: that it is to our interest to have on
s market at home. 1t is to our interes