The History of Our Country Fully Demonstrates the Fact That a Protective System Has Been, and Is Now, for the Best Interest of All Classes of Our People (Classic Reprint)
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| Hersteller: | Forgotten Books (Brewer, Mark Spencer) |
| Stand: | 2015-08-04 03:50:33 |
Produktbeschreibung
Excerpt from The History of Our Country Fully Demonstrates the Fact That a Protective System Has Been, and Is Now, for the Best Interest of All Classes of Our People For three years the executive department of the Government as well as this House has played "fast and loose" upon this great question until the necessities of the Government have compelled the Administration to take some position upon the tariff question, and I honor the President for having compelled his party to stop its double dealing and to define its position by its work here in the House. The President in his recent message to Congress has given the country his views touching the manner of reducing the revenues of the Government. If he had been as much interested in paying off the public debt with the surplus revenues of the Government as he has been in furthering the interest of his party, the large amount of money now in the Treasury unappropriated would be in the hands of the people and be used in furthering their industrial pursuits. Congress had long since authorized him to purchase unmatured bonds with the surplus revenue, and he did purchase over $27,000,000 worth of such bonds, when he at once stopped, and has continued to hoard up the excessive revenues in the Treasury Department of the Government, leaving the bonded debt, which should have been paid, to draw interest, and deprived the people of sufficient money to carry on their legitimate business. It has often been charged, and we think the circumstances are such as to sustain the charge, that this course has been taken by the Administration in order to further the free-trade views which have been so boldly announced by the President. There is no division or sentiment upon the question of reducing the revenues of the Government, but the great question which divides the two political parties is as to the manner of making such reduction. The Democratic policy as declared by the President is to wipe out the duty on wool, iron ore, coal, salt, hemp, and other articles described by him as "raw material," and to largely reduce the duty upon manufactured goods which are imported. In other words, he favors free trade in what are known as "raw materials," and a tariff solely for the purpose of raising revenue upon manufactured goods and other merchandise imported. There has been no Congressional term since 1866, when the Republican party has been in power in this House, that taxation has not been reduced, and that party to-day is in favor of reducing taxation to such sum as shall only be necessary to meet the principal and interest upon the public debt, pay the pensions provided for our soldiers, and the necessary and proper expenditures of the Government as provided by law; but in making such reductions that party insists upon retaining our American system of protection to American labor and American industry, fully believing that such policy is for the best interest of our people. This policy has met with the approval of the Fathers of the Republic - of Washington, Jefferson, Madison, Monroe, of Adams and Jackson, and of Webster and Clay - of the men who framed our Constitution, as well as of men who have since stood by and defended it. Whatever language the Democratic party may use in its public utterances, whether it be tariff reform or tariff for revenue only, the spirit and tendency of that party upon that question is one which shall simply raise revenue for the support of the Government without taking into consideration the effect the same may have upon our industries or our labor, and looking towards free trade in as many articles as possible. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
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