The Tariff in Our TimesTarbell, Ida M. (Ida Minerva)
History
The Tariff in Our Times
Tarbell, Ida M. (Ida Minerva)
Tariff -- United States -- History
Mr. Randall, however, saw no danger in the building up of monopolies and
combinations to limit production which counterbalanced the advantage
there was in shutting out foreign competition and keeping the home
market inviolate. The danger he claimed to see was unsettling capital.
“There is nothing in life so sensitive to adverse criticism and which
takes alarm so quickly,” he said, “as capital invested in large
industrial enterprises.... Shall we unsettle business interests by
constant tinkering with the tariff? Shall no law last longer than the
meeting of the next Congress?”
The contest between the two men had begun in the summer and had been
followed with keen interest in political circles. Early in November the
candidates opened headquarters in Washington and soon the town was full
of “Randall men” and “Carlisle men,” each ready to prove his candidate a
sure winner! All of the big newspapers had correspondents on hand,
foretelling confidently the success of the candidate favored by their
readers. But there was little to indicate the result. It all depended,
it was seen, upon how deep and how general a belief there was in the
Democratic party that high tariffs were dangerous.
The only really significant feature of the fall contest in Washington
was the activity of the protected interests in Randall’s behalf. The
iron men and steel men, the wool men, the New Jersey potters, the
Standard Oil Company, the Pennsylvania Railroad, were all said to be on
hand. There were many hints of the use of money. Mr. Barnum of
Connecticut, former United States Senator and now chairman of the
National Democratic Committee, was said to be in town “buying mules” for
Randall, as the slang of the day went. How much truth there was in the
charges of bribery the writer does not know; but this is certain, an
alliance of business interests in support of Mr. Randall was plainly
evident in the fall of 1883. The protectionists were most active, but
they had with them the railroads and the Standard Oil crowd, who at that
moment were fighting hard to prevent threatened regulation of interstate
commerce; that is, all of the interests which were thriving on special
privileges were combined into a league for the continuation of those
privileges.
Public-domain text, read in full here on John Shaqi.
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