Democratic Sentinel, Volume 12, Number 25, Rensselaer, Jasper County, 13 July 1888 — Testimony of a Republican Candidate. [ARTICLE]

Testimony of a Republican Candidate.

Tho tariff of 1846, confessedly and professedly a tariff for revenue, was, so far as regards all the great interests of the country, as perfect a tariff os any that wo over have had. If any interest was depressed under tho tariff of 1846 it was tho iron interest. Ido not believe that Ur' -; inlorest, as compared with other intererts, had sufficient advantage under that tariff; yet, when we compare the growth, of the country from 1840 to 1000 with tho growth of the country from 1850 to 1860, the latter decade being entirely under the tariff of 1846, or the amended :nd greatly reduced tariff of 1857, we find that the increase in our wealth between 1850 and 1800 was equivalent to 128 per cent., while it was only 04per cent, bet ween 1840 and 1850, four years of which decade were under the tariff cf 1842, known as a high protective tariff. Mr. Allison then compared the tariff rate > of 1842, 1857, and tbeexisting rates, and says: Our industries were generally prosperous in 1860, with the exception, possibly, of the iron industry. This was tne statement of Mr. Morrill, of Vermont, on this floor, during the discussions of the tariff in 1804.—Hon. William B. Allison in Forty-second congress, page 102 of Congressional Record.