For twenty years prior to 1896 the chief tangible point of difference between the Democratic and Republican parties was the tariff question. It was, in truth, a question on which the two great parties had always differed since the days when they were known as Federalists and Anti-Federalists.

The Democratic party, in true accord with the principles of Thomas Jefferson, has always held that government to be best which interferes least with the liberty of the individual. The purpose of government, it has held, is to protect man in his personal rights against the unjust encroachments of his neighbors. But, according to the Democratic idea, government should not interfere to arbitrarily promote the interests of any class of its citizens at the expense of any other class. All should be left, protected against illegal encroachment, but otherwise unmolested, to work out their own salvation. In other words, Democracy believes that government to be best which governs least.

The Republican theory, on the other hand, has inclined toward the exactly opposite point of view; that that government is best which governs most. It has acted consistently on the principle that it is not only permissible but advisable for government to be made an instrument for advancing the pecuniary or business interests of such of its citizens as seem most deserving or are most fortunate in winning its ear. It was this radical difference between the two parties, involving, as it did, a basic and fundamental principle, that lay at the root of the controversy regarding tariff duties.

The Democratic party, adhering to the strict letter of the Constitution, held that the tariff should be levied for one simple purpose, and that the purpose contemplated by the Constitution—to raise revenue. With this end in view, the party contended, tariff duties should be levied mostly on such articles as are not produced in this country, and, in order to equalize the burden of taxation, be imposed rather on luxuries than the strict necessities of life.

The Republican party took a more radical position. It advocated the levying of tariff duties, not primarily for the purpose of raising revenue,—that was made a secondary consideration,—but to protect from foreign competition the manufacturing and industrial enterprises of the United States. Then, it argued, these establishments, protected by the fostering arm of government, would grow great and strong, furnishing at once employment for labor at high wages, and a “home market” for the products of the American farm and mine.

Controverting this alluring argument, the Democratic party held that government had no right to compel citizens of one class or section to contribute involuntarily to the support of citizens of some other class or section of the country. The only manner in which a protective tariff could protect, it pointed out, was by enabling the home manufacturer to charge a higher price because of the duty on foreign goods. This added price, it showed, must be paid into the pocket of the American manufacturer by the American consumer. Moreover, it declared, the farmer could only share the burden without receiving any of the benefits of a high protective tariff, the price of his products being fixed in the world’s markets at Liverpool and London. And the same thing, it held, was true of the laboring man, as the rate of his remuneration was fixed mainly by “the iron law of wages.”

When Mr. Bryan was elected to Congress for his first term this question of tariff was the all-absorbing one before the people. The Republican party, in the zenith of its power, had enacted the McKinley tariff law, the embodiment of its views on this question, levying tariff duties so high as almost to exclude foreign competition. It was in this law, undoubtedly, that most of the great trusts and monopolies since formed read their birthright.

Mr. Bryan, naturally, as a Democrat and a firm believer in the principles of government laid down by Thomas Jefferson, was vigorously opposed to the theory of a high protective tariff. The Congress in which he served his first term was Democratic, the result of the enactment of the trust-breeding McKinley tariff law. The Ways and Means Committee, of which Mr. Springer of Illinois was chairman, decided that relief might best be effected by the introduction of a series of bills, transferring certain commodities to the free list.

It was in support of one of these—a bill placing wool on the free list and reducing the duties on woolen goods—that Mr. Bryan delivered his maiden speech in the House. This was on Wednesday, March 16, 1892. Like Byron, he awoke the next morning and found himself famous. The speech had attracted the admiring attention of the whole country. The young orator’s logic, acute reasoning, powers of broad generalization, and apt and homely illustration, not less than his genuine eloquence, incisive wit, and brilliant repartee, had, in one speech, won him a place at the head of the list of American parliamentary orators.

In his speech Mr. Bryan thus effectually punctured with his ridicule the Republican argument generally advanced that a high tariff makes low prices: