The Tariff Question: Its Relation the Present Commercial Crisis (Classic Reprint) - Softcover

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Excerpt from The Tariff Question: Its Relation the Present Commercial Crisis

Doubtedly be predicated upon the commercial and industrial condition of our country, which we all know is that of depression, discouragement, and even dismay. During the past four years the catalogue of bankruptcy has been drawn out in long lines of disaster. The industries of the country were never, in the mem ory of this generation, so smitten with paralysis. Our iron and coal trades are at the last gasp, as regards profitable employment to the labor and capital invested in them. Railway defaults have multiplied beyond all precedent, and the stockholders of these corporations have been pinched as they never were before. Our lake and river and coastwise carrying trades are in no better plight. The same distress prevails in the woolen trade, the lumber trade, the building trades, and the lesser branches of manufacturing industry. There has been a gigantic revolt of laboring men in the Middle and Western States, accompanied by bloodshed, pillage, and incendiarism, and the tramp, who was known five years ago only as a phenomenon of distant lands, like the gypsy and the brigand, has become one of the.

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