Complete Life of William McKinley and Story of His Assassination: An Authentic and Official Memorial Edition, Containing Every Incident in the Career of the Immortal Statesman, Soldier, Orator and PatriotEverett, Marshall
History
Complete Life of William McKinley and Story of His Assassination: An Authentic and Official Memorial Edition, Containing Every Incident in the Career of the Immortal Statesman, Soldier, Orator and Patriot
which are now dutiable at the minimum rates, ranging from seven to
twenty-five per cent. and even this slight protection, so essential, is
to be taken from the farmers, the lumbermen and the quarrymen.”
But it was not until the bill was put upon its passage that he rose to
his greatest height as a debater and as a statesman. Men old in public
life concede that the speech he made, May 18, 1888, was the greatest
ever delivered on a purely economic question in the halls of the
American Congress. It did more to fix the policy of protectionism
unalterably upon the country than any other one influence. It did more
to justify the protectionists of the past, and to pave the way for
whatever great policy might come after when new occasions brought new
duties, when a subsequent era should arise, than all the campaigning and
all the labors in or out of Congress that the nation had known. Here are
some extracts from that notable address:
“What is a protective tariff? It is a tariff upon foreign imports so
adjusted as to secure the necessary revenue, and judiciously imposed
upon those foreign products the like of which are produced at home, or
the like of which we are capable of producing at home. It imposes the
duty upon the competing foreign product; it makes it bear the burden or
duty, and, as far as possible, luxuries only excepted, permits the
noncompeting foreign product to come in free of duty. Articles of common
use, comfort and necessity, which we cannot produce here, it sends to
the people untaxed and free from custom-house exactions. Tea, coffee,
spices and drugs are such articles, and under our system are upon the
free list. It says to our foreign competitor: If you want to bring your
merchandise here, your farm products here, your coal and iron ore, your
wool, your salt, your pottery, your glass, your cottons and woolens, and
sell alongside of our producers in our markets, we will make your
product bear a duty; in effect, pay for the privilege of doing it. Our
kind of tariff makes the competing foreign article carry the burden,
draw the load, supply the revenue; and in performing this essential
office it encourages at the same time our own industries and protects
our own people in their chosen employments. That is the mission and
purpose of a protective tariff. That is what we mean to maintain, and
any measure which will destroy it we shall firmly resist; and if beaten
on this floor, we will appeal from your decision to the people, before
whom parties and policies must at last be tried. We have free trade
among ourselves throughout thirty-eight States and the Territories, and
among sixty millions of people. Absolute freedom of exchange within our
own borders and among our own citizens, is the law of the Republic.
Reasonable taxation and restraint upon those without is the dictate of
enlightened patriotism and the doctrine of the Republican party.
Public-domain text, read in full here on John Shaqi.
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