The Tariff in Our TimesTarbell, Ida M. (Ida Minerva)
History
The Tariff in Our Times
Tarbell, Ida M. (Ida Minerva)
Tariff -- United States -- History
This, in substance, was the condition of things when it came time for
Mr. Cleveland to send in his second message. His first year in office
had certainly given him large opportunity to study the tariff question.
It had not been wasted. His notions had evidently been enlarged and
intensified and in his message he urged at length upon Congress the
“pressing importance” of revision. He made a strong argument against the
system which had produced the surplus he was laboring with and at the
same time caused “abnormal and exceptional business profits,” “without
corresponding benefit to the people at large,” and it ended with a plain
warning to Congress that nothing could be accomplished “unless the
subject was approached in a patriotic spirit of devotion to the
interests of the entire country and with a willingness to yield
something to the public good.” This message is particularly interesting
in comparison with the famous one of a year later. Indeed, it contains
nearly all the points elaborated there. But it fell on deaf ears. Mr.
Morrison proved this when, a few days later, he tried again to get his
second bill reported, and was defeated. Not only did Congress refuse to
consider Mr. Morrison’s bill, it adjourned in March, 1887, without any
action of any kind in regard to revenue.
And while the members of Congress sullenly refused to consider the needs
of the country lest in so doing they might sacrifice party advantage,
Mr. Cleveland and his cabinet were spending anxious days trying to find
means to unclog the treasury and avert panic. In the first six months
after the message of December, 1886, nearly $80,000,000 were applied to
taking up 3 per cent bonds. Financial uneasiness continuing, some
eighteen to nineteen millions more were spent on the same bonds, and
twenty-seven and one-half millions in taking up bonds not yet due and in
anticipating interest. Even after this Mr. Cleveland and Mr. Fairchild,
his Secretary of the Treasury, did not feel at all certain that trouble
would not return, and as the hot weather came on and the cabinet members
prepared to leave for their summer homes, the President arranged that
they keep him informed of all their movements. He wanted to be able to
reach them, he told them, for he had made up his mind that if there was
a recurrence of trouble he would call an extra session of Congress and
lay matters before the members in such a way that they would be forced
to act.
Public-domain text, read in full here on John Shaqi.
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