For
the year ending June 30, 1871, the taxes so paid amounted
in all to $225,000, and for the year ending June 30, 1872,
they amounted to about $100,000.
The policy of protection to American industry, which, like
the question of honest elections, has been always in contest
between the Republican Party and its Democratic antagonist
has, unless during the two Administrations of President Cleveland,
been successfully maintained. As a consequence of that policy
our manufacturing independence has been achieved. The United
States has become the foremost manufacturing nation in the
world. We are penetrating foreign markets, and have built
up a domestic commerce, the like of which has never been seen
before, and whose extent surpasses the power of human imagination
to conceive and almost of mathematics to calculate.
The temptation to extend our territory by unlawful exercise
of power over Cuba and San Domingo was resisted by the American
people. Cuba has been liberated and has taken her place among
the free nations of the world.
For the great offence committed against us by Great Britain
in the hour of our peril we have exacted apology and reparation.
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