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Updated: May 26, 2025
Conceivably, you may build a fiscal wall across the continent; conceivably, you may shut off the east and half the west by impossible tariffs, and narrow its trade to one artificial duct to England, but only at the price of a hampered development It will be like nourishing the growing body of a man with the heart and arteries of a mouse.
II. Organization The delicate organization by which these peoples lived depended partly on factors internal to the system. The interference of frontiers and of tariffs was reduced to a minimum, and not far short of three hundred millions of people lived within the three Empires of Russia, Germany, and Austria-Hungary.
"The exportation of gold and silver in bars has been prohibited in this country by all the tariffs that have existed either under the Spanish or Mexican Government; and though licenses of exportation to a small amount have now and then been granted, the prohibition has been the rule and the exportation has been the exception, until the Mexican Government, having rented all their mines but two to foreign companies, has taken the solemn engagement not to give any more licenses of exportation.
Has the Federal Government ever attempted to restrict the power of the press? Is it illegal to-day for a railway to give a cheaper rate to one shipper than to another? Has the Republican party ever reduced the protective tariffs of the war? Did the Civil Service Act passed in 1883 include postmasters? Did the Wilson-Gorman Act reduce the tariff to a revenue basis?
But while the "big men" who used to write the tariffs and command the assistance of the Treasury have been hostile, all but a few with vision, the average business man knows that he has been delivered, and that the fear that was once every day in his heart, that the men who controlled credit and directed enterprise from the committee rooms of Congress would crush him, is there no more, and will not return, unless the party that consulted only the "big men" should return to power, the party of masterly inactivity and cunning resourcefulness in standing pat to resist change.
But first of all the new President turned this thoughts to home matters. Ever since the McKinley Tariff the duties on goods imported into the country had remained high. Many people, however, had come to believe that high tariffs were a mistake, for while they enriched a few they made living dearer than need be for many. These people wished to have tariffs "for revenue only."
But there are many gods, of which banks and tariffs are not the least; yet I notice that they do not give away Texas and California, those unholy fruits of a wicked war for which you fought, my friend. They like the gold and the wheat. And in order to ride into power they put forward old Taylor, and blow hot and cold with him and Millard Fillmore."
Besides these greater instances, Russia, according to her wont in such matters, and Spain, have published, within the test fifteen months, new tariffs, of which it is difficult to say whether they are still worse than, or only as execrably bad, as those which they succeeded, but, in the close rivalry between the old and the new, the latter seem, upon the whole, entitled to the palm of prohibitive rigour.
Knowledge of finance and acquaintance with tariffs were then rare gifts, and before five years of his private secretaryship had expired, Ferrars was mentioned to Mr. Pitt as the man at the Treasury who could do something that the great minister required. This decided his lot. Mr.
The European beet-sugar industry, that has since attained enormous proportions, had its actual beginning in the early years of the 19th Century. It was a result of the Napoleonic wars of that period. When the wars were ended, and the blockades raised, the industry was continued in France by the aid of premiums, differentials, and practically prohibitory tariffs.
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