The Tariff: Speech of Hon. Joseph D. Taylor, of Ohio, in the House of Representatives, May 8, 1888 (Classic Reprint)

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Excerpt from The Tariff: Speech of Hon. Joseph D. Taylor, of Ohio, in the House of Representatives, May 8, 1888Mr. Chairman, I would like to ask the President a question. I would like to ask him this question: If the accumulation and reten tion of in the United States Treasury is a menace to trade and commerce, and liable at any moment to bring upon the country financial ruin, what effect would an annual drain of or have upon the country if the balance of trade were that much against us, as it most certainly will be if this bill should become a law Or, in other words, is a surplus of this amount locked up in the United States Treasury any more completely withdrawn from the pock ets of the people than it would be locked up in the treasuries of Europe Not a particle. If it was a good thing for the President to sound the alarm of the nation's danger when this surplus was sleeping quietly in the vaults of the Treasury, how much more important is it just new for him to arouse the nation and call the attention of the country to the fact that a bill is now under consideration in the American Congress that threatens to so increase our imports that or a year will be permanently withdrawn from the United States. And should this bill pass, this annual drain of or will go on from year to year until the nation is stranded, as it was before the war, when all of the gold that we had dug from the mines of California was carried across the seas to pay for foreign goods, and we were left without money and without credit.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis 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.