The Tariff in Our TimesTarbell, Ida M. (Ida Minerva)
History
The Tariff in Our Times
Tarbell, Ida M. (Ida Minerva)
Tariff -- United States -- History
prudently revised by a Congress or a commission known to be devoted to
the interests of the nation.”
That Garfield knew of this speech is certain, for a copy of it bearing
his stamp was turned over to the Congressional Library when he left
Congress in the spring of 1880. Altogether it was enough to make a man
cautious, and it was certainly a mark of political sagacity on his part
that he said nothing in his letter of acceptance about the tariff issue.
But it was not to be downed. The Republicans, failing at the opening of
the campaign to excite anybody about the South, suddenly attacked the
Democratic phrase, “tariff for revenue only.” What did it mean? Why,
nothing if not the destruction of the “home market,” the consequent
shutting down of all American manufactories, the idleness of all
American laboring men, a reign of “pauper labor,” the end of
“prosperity.” Unfortunately for the Democrats, their candidate, General
W. S. Hancock, a splendid soldier and gentleman, apparently was not
certain that the phrase “tariff for revenue only” meant anything in
particular. He tried to parry lightly with his famous remark that the
tariff was only “a local affair.” The more he and his supporters talked,
the more of a tangle they made of it. It was quite apparent if the
tariff was to be a live issue they were too uncertain and too divided on
it to handle it. The Republicans, on the contrary, came out boldly for
protection to American industry, and on this they won. They won—but the
victory seemed only to make more insistent the demand for revision. “I
suppose,” said Mr. Morrill, regretfully, “that if the Bible has to be
revised from time to time the tariff may have to be.”
If there had been no other reason at this time, the piling up of the
surplus would in itself have forced a revision. The return of good times
which began to be perceptible in 1878–79 had of course stimulated
imports. In 1878–79 nearly $215,000,000 in duties had been collected; in
1879–80, $386,000,000. In these two years the national debt was reduced
by a hundred million dollars, and there was more money left in the
Treasury than they knew what to do with. Of course a stop had to be put
to this. But more imperative than the surplus was public opinion. It was
suspicious of high protection. The results of the census of 1880 had
begun to filter through the country, and accordingly people began to
compare the last decade—1870–80, which had been lived under a tariff of
about 42 per cent (on dutiable goods)—with the one from 1850–60, lived
under a tariff of about 20 per cent. In each had occurred a disastrous
panic. In each there had been, in spite of panics, a great growth in
agriculture, in population, in manufacturing. Taken on the whole, which
had been the more normal growth?
Public-domain text, read in full here on John Shaqi.
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