Book Description

Excerpt from Public Papers and Addresses of Benjamin Harrison: Twenty-Third President of the United States, March 4, 1889, to March 4, 1893 It is not a contest between schedules, but between wide-apart principles. The foreign competitors for our market have, with quick instinct, seen how one issue of this contest may bring them advantage, and our own people are not so dull as to miss or neglect the grave interests that are involved for them. The assault upon our protective system is open and defiant. Protection is assailed as unconstitutional in law, or as vicious in principle, and those who hold such views sincerely can not stop short of an absolute elimination from our tariff laws of the principle of protection. The Mills bill is only a step, but it is toward an object that the leaders of Democratic thought and legislation have clearly in mind. The important question is not so much the length of the step as the direction of it. Judged by the executive message of December last, by the Mills bill, by the debates in Congress, and by the St. Louis platform, the Democratic party will, if supported by the country, place the tariff laws upon a purely revenue basis. This is practical free trade - free trade in the English sense. The legend upon the banner may not be "Free Trade" - it may be the more obscure motto, "Tariff Reform;" but neither the banner nor the inscription is conclusive, or, indeed, very important. The assault itself is the important fact. Those who teach that the import duty upon foreign goods sold in our market is paid by the consumer, and that the price of the domestic competing article is enhanced to the amount of the duty on the imported article - that every million of dollars collected for customs duties represents many millions more which do not reach the treasury, but are paid by our citizens as the increased cost of domestic productions resulting from the tariff laws - may not intend to discredit in the minds of others our system of levying duties on competing foreign products, but it is clearly already discredited in their own. We can not doubt, without impugning their integrity, that if free to act upon their convictions they would so revise our laws as to lay the burden of the customs revenue upon articles that are not produced in this country, and to place upon the free list all competing foreign products. I do not stop to refute this theory as to the effect of our tariff duties. Those who advance it are students of maxims and not of the markets. They may be safely allowed to call their project "tariff reform," if the people understand that in the end the argument compels free trade in all competing products. This end may not be reached abruptly, and its approach may be accompanied with some expressions of sympathy for our protected industries and our working people, but it will certainly come if these early steps do not arouse the people to effective resistance. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.