Prosperity Under the Protective Policy Speech of Hon Henry M Teller of Col
Prosperity Under the Protective Policy Speech of Hon Henry M Teller of Col
Henry Moore Teller
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Seventy-three thousand two hundred and five own over $1, 000 and less than $5, 000, and then the balance is divided between $5, 000 afcd $30, 000. In 1860 the value of all property, including slaves, in the United States was . About $16, 000, 000, 000. It was estimated by competent authorities that $2, 000, 000, 000 should be deducted from that if you desired to arrive at the value of property out- side of slaves. That would leave in 1860 $14, 000, 000, 000. In 1880 the property of the United S...tates was valued at $44, 000, 000, 000, lacking a little. It comes nearer to $44, 000, 000, 000 than to $43, 000, 000, 000. So our gain in twenty years had been $30, 000, 000, 000. We are frequently told that the tariff prevents exports, that the tariff disturbs commerce with foreign nations. I find that our total exports from the foundation of the Government up to 1860 had amounted to about $9, 000, 000, 000, which was the result of two hundred and fifty years of exporting, for we began to export almost with the beginning of the settlement of this country, more or less, and we exported tobacco when we had not anything else to export.
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