The Monist, Vol. 2, 1891-1892 : $b A quarterly magazineVarious
Philosophy
The Monist, Vol. 2, 1891-1892 : $b A quarterly magazine
Various
Philosophy -- Periodicals
The republican party grandly and patriotically fulfilled its mission. By
degrees, however, the enormous destruction of wealth during the war and
the heavy debt entailed by it, created a burdensome system of taxation
which substituted self-interest for patriotism. Duties were laid upon
imports from abroad heavier than those which formed one of the chief
causes for the revolt of the colonies against Great Britain. These duties
enabled American manufacturers to make on American soil the same class
of goods that were imported and charge the same price as the imported
goods enhanced by the duty, of course pocketing for themselves the extra
profit which the tariff aided them to obtain from consumers. The quickest
way to wealth was to start some manufacture, get the government to put a
tax on similar articles imported and pocket the difference, or to get an
internal revenue measure passed taxing a certain line of domestic goods,
pay the tax in the first instance and then charge it to the consumers
with of course a good commission added for patriotic services. As long as
the government had work for every man who could shoulder a musket, the
pernicious effect of the system was not clearly seen. But when the war
was over and one million men returned to productive avocations, wages
began to fall. Then the question of taxation inevitably came to the
front and has now become the living issue of the hour. The needle of the
suffrage is again vibrating, the republican party has been deprived of
power for four years and the democratic President emphasised the issue by
pushing the question of tariff reform to the foreground. His re-election
was defeated, but the question is debated with more vigor than ever, and
all signs point to absolute free trade as one of the certainties of the
future. Judging from the last Congressional elections, the people have at
last turned their faces in the right direction.
Public-domain text, read in full here on John Shaqi.
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