Marcus Alonzo Hanna; his life and work . unavailing. Mr. McKinleyscompetitor for the place, Mr. Thomas B. Reed, was selected bythe caucus by a majority of one vote. Mr. McKinleys defeat was probably beneficial rather thanthe reverse to his subsequent career. The Speaker appointedhim to the chairmanship of the Ways and Means Committee,and as chairman he became nominally responsible for the newRepublican tariff policy. The bill in which it was embodiedhad his name attached to it, which made him in the eyes of thecountry more than ever the most conspicuous exponent of thetheory and practice of hi
Marcus Alonzo Hanna; his life and work . unavailing. Mr. McKinleyscompetitor for the place, Mr. Thomas B. Reed, was selected bythe caucus by a majority of one vote. Mr. McKinleys defeat was probably beneficial rather thanthe reverse to his subsequent career. The Speaker appointedhim to the chairmanship of the Ways and Means Committee,and as chairman he became nominally responsible for the newRepublican tariff policy. The bill in which it was embodiedhad his name attached to it, which made him in the eyes of thecountry more than ever the most conspicuous exponent of thetheory and practice of high protection. Inasmuch as their victory had been won by a narrow margin,the Republicans would have done well to use it with a few reductions in the existing schedules, they might havequieted antitariff agitation for long time without doing anyinjury to the protectionist system. But the beneficiaries ofthe tariff were in the saddle, and they pursued the oppositecourse. Rates were raised all along the line. The surplus was. Mr. Hanna in the Early Nineties POLITICAL FRIENDS AND ENEMIES 151 abolished largely by the simple device of spending it. The rev-enue was reduced by making duties which were almost pro-hibitory entirely so and by abandoning the large income de-rived from the duty on raw sugar, which at that time wasproduced only in small quantities in this country. Heavyduties were levied on many agricultural products which werenot and could not be imported, except in very small quantities,and a successful attempt was made to establish new industries,such as the manufacture of tin plate and certain grades of , since the revenue still promised to be excessive, theappropriations for pensions and for other purposes were swollenbeyond all previous records. Such was the policy embodied in the McKinley Bill. Itproved to be a dangerous policy for the Republican party. Theeffect of the bill was to raise prices all along the line. Everydrummer became an effec
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Keywords: ., bookauthorcrolyher, bookcentury1900, bookdecade1910, bookyear1912
