Statesmen -- United States; United States -- Biography
Again he said: "Those arts that enable our nation to rise in the scale
of civilization bring their blessings to all, and patriotic citizens
will cheerfully bear a fair share of the burden necessary to make their
country great and self-sustaining. I will defend a tariff that is
national in its aims, that protects and sustains those interests without
which the nation cannot become great and self-sustaining.... So
important, in my view, is the ability of the nation to manufacture all
these articles necessary to arm, equip, and clothe our people, that if
it could not be secured in any other way I would vote to pay money out
of the federal treasury to maintain government iron and steel, woollen
and cotton mills, at whatever cost. Were we to neglect these great
interests and depend upon other nations, in what a condition of
helplessness would we find ourselves when we should be again involved in
war with the very nations on whom we were depending to furnish us these
supplies? The system adopted by our fathers is wiser, for it so
encourages the great national industries as to make it possible at all
times for our people to equip themselves for war, and at the same time
increase their intelligence and skill so as to make them better fitted
for all the duties of citizenship in war and in peace. _We provide for
the common defence by a system which promotes the general welfare...._ I
believe that we ought to seek that point of stable equilibrium somewhere
between a prohibitory tariff on the one hand and a tariff that gives no
protection on the other. What is that point of stable equilibrium? In my
judgment, it is this; a rate so high that foreign producers cannot flood
our markets and break down our home manufacturers, but not so high as to
keep them altogether out, enabling our manufacturers to combine and
raise the prices, nor so high as to stimulate an unnatural and unhealthy
growth of manufactures.
"In other words, I would have the duty so adjusted that every great
American industry can fairly live and make fair profits, and yet so low
that, if our manufacturers attempted to put up prices unreasonably, the
competition from abroad would come in and bring down prices to a fair
rate."
Public-domain text, read in full here on John Shaqi.
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