For now a quarter of a century the “Party of Protection and Monopoly” has persistently transgressed the limits set to the Federal authority by the Constitution, and used the earnings of labor and of capital, in the form of excessive taxes, to fertilise and fatten private enterprises. This must stop. And when this stops, the manufacturers of England and of Europe may make up their minds to meet the competing exports of the United States in all those markets of the world from which American exports have been excluded by American legislation ever since the Whig-Republicans of 1861 laid their grasp upon our fiscal policy. It cannot stop too soon. The official returns of the exports of the United States show that during the fiscal year which ended on the 30th of June 1884, the exports of domestic merchandise from the United States to all parts of the world fell off in value $79,258,780, as compared with the exports for the year ending the 30th of June, 1883. Our exports of machinery fell off nearly a million dollars; of general manufactures of iron and steel more than a million and a quarter of dollars. There was a good deal of gunpowder burned in the year 1883-4, but the value of our exports of it fell off a quarter of a million of dollars. The value of our exports of flax and hemp fell from $547,111 in 1882-3 to $67,725 in 1883-4; our exports of agricultural implements declined during the last year more than a million of dollars in value; our exports of cotton goods, colored and uncolored, more than twelve hundred thousand dollars. Clearly Protection does not develop the manufactures of the United States. It “protects” the manufacturers (which is quite a different thing) against and at the expense of the consumers of the United States, and gives point to the Duke of Somerset’s assertion that “in no country has the power of capital been more invidiously exerted” than in the United States. If our foreign manufacturing friends had any money to spend on American politics, they would have done well to throw it into one pool with the contributions of Mr. Blaine’s two hundred millionaires!