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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Carthage Record
Location
Carthage, Indiana, United States of America
Date
May 08, 1896
Page
4
Dr. E. P. Miller notes annual debt around eighty million dollars, arguing protection raises revenues while low tariff harms the country's industries far more than government income. He highlights the contrast between policy effects and national economic health.
Review of treasury reports from 1865 to 1896 traces debt levels, bond types, and deficits. It cites 1865 public debt at 2.808 billion with varied bonds, later declines, and 1890s projections under tariff and appropriation laws. It notes surplus balances, sinking fund effects, and rising interest bearing debt through 1898 amid political shifts.
Lister & Co and A. & H. Henry Company report profits insufficient to cover dividends. Directors divert £34,437 15s 5d from reserves to pay a 2 percent dividend for 1804, while Henry Co shows a 7 percent payout with a note that true earnings were higher. A Japan-America trade anecdote contrasts US duties and prices, as a traveling collector touts cheaper Japanese goods in California.
The piece contrasts 1860 and 1892 hardware stores with 95 percent English goods then and 95 percent American made today. It argues for tariff protection to fund a larger navy and coast defenses, noting antiprotection sentiment in the Senate and White House, urging voters to back protectionist aims and a strong revenue policy. It cites the New York Press on protecting American industries and treasury.
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