The New NationPaxson, Frederic L. (Frederic Logan)
History
The New Nation
Paxson, Frederic L. (Frederic Logan)
United States -- History -- 1865-1921
In April, 1890, McKinley presented his act "to equalize the duties upon
imports and to reduce the revenues." For five months Congress wrestled
with the details of the bill and the issues connected with it. In June
it rewarded the soldier allies of the Administration with a Dependent
Pension Act which granted pensions to those who could show ninety days
of service and present dependence, and which, aided by the previous
laws, relieved the surplus of $1,350,000,000 in the next ten years.
Early in July the Anti-Trust Act was passed. Two weeks later Congress
paused in its tariff deliberations to pass the Sherman Silver Purchase
Bill at the demand of Republican Senators from the Rocky Mountain
States, who wanted their share of protection in this form and were so
numerous as to be able to produce a deadlock.
The tariff that became a law October 1, 1890, was the first success in
tariff legislation since the Civil War. It enlarged protection and
reduced the revenue. The latter was done by repealing the duty on raw
sugar, which had been the most remunerative item of the old tariff, and
by substituting a bounty of two cents per pound to the American
sugar-grower, which further relieved the surplus. The sugar clause was
one of the notable features of the McKinley Bill, and was closely
related to a group of duties upon agricultural imports. There had been
complaint among the farmers that protection did nothing for them. The
agricultural schedule was designed to silence this complaint.
Another novelty in the bill was the extension of protection to unborn
industries. In the case of tin plate, the President was empowered to
impose a duty whenever he should learn that American mills were ready to
manufacture it. This was an application of the principle that went
beyond the demands of most advocates of protection.
A final novelty, reciprocity, was the favorite scheme of the Secretary
of State. Blaine, in his foreign policy, saw in the tariff wall an
obstacle to friendly trade relations, and induced Congress to permit the
duties on the chief imports from South America to be admitted on a
special basis in return for reciprocal favors. McKinley, as his
experience widened, accepted this principle in full, and died with an
expression of it upon his lips. But in 1890 most protectionists inclined
toward absolute exclusion, regardless of foreign relations, and were
ready to raise the rate whenever the imports were large.
Public-domain text, read in full here on John Shaqi.
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