Question. Who will be the Republican nominee for President?
Answer. The correct answer to this question would make so many men unhappy that I have concluded not to give it.
Question. Has not the Democracy injured itself irretrievably by permitting the free trade element to rule it?
Answer. I do not think that the Democratic party weakened itself by electing Carlisle, Speaker. I think him an excellent man, an exceedingly candid man, and one who will do what he believes ought to be done. I have a very high opinion of Mr. Carlisle. I do not suppose any party in this country is really for free trade. I find that all writers upon the subject, no matter which side they are on, are on that side with certain exceptions. Adam Smith was in favor of free trade, with a few exceptions, and those exceptions were in matters where he thought it was for England's interest not to have free trade. The same may be said of all writers. So far as I can see, the free traders have all the arguments and the protectionists all the facts. The free trade theories are splendid, but they will not work; the results are disastrous. We find by actual experiment that it is better to protect home industries. It was once said that protection created nothing but monopoly; the argument was that way, but the facts are not. Take, for instance, steel rails; when we bought them of England we paid one hundred and twenty-five dollars a ton. I believe there was a tariff of twenty-eight or twenty-nine dollars a ton, and yet in spite of all the arguments going to show that protection would simply increase prices in America, would simply enrich the capitalists and impoverish the consumer, steel rails are now produced, I believe, right here in Colorado for forty-two dollars a ton.
After all, it is a question of labor; a question of prices that shall be paid the laboring man; a question of what the laboring man shall eat; whether he shall eat meat or soup made from the bones. Very few people take into consideration the value of raw material and the value of labor. Take, for instance, your ton of steel rails worth forty-two dollars. The iron in the earth is not worth twenty-five cents. The coal in the earth and the lime in the ledge together are not worth twenty-five cents. Now, then, of the forty-two dollars, forty-one and a half is labor. There is not two dollars' worth of raw material in a locomotive worth fifteen thousand dollars. By raw material I mean the material in the earth. There is not in the works of a watch which will sell for fifteen dollars, raw material of the value of one-half cent. All the rest is labor. A ship, a man-of-war that costs one million dollars— the raw material in the earth is not worth, in my judgment, one thousand dollars. All the rest is labor. If there is any way to protect American labor, I am in favor of it. If the present tariff does not do it, then I am in favor of changing to one that will. If the Democratic party takes a stand for free trade or anything like it, they will need protection; they will need protection at the polls; that is to say, they will meet only with defeat and disaster.
Question. What should be done with the surplus revenue?
Answer. My answer to that is, reduce internal revenue taxation until the present surplus is exhausted, and then endeavor so to arrange your tariff that you will not produce more than you need. I think the easiest question to grapple with on this earth is a surplus of money.
I do not believe in distributing it among the States. I do not think there could be a better certificate of the prosperity of our country than the fact that we are troubled with a surplus revenue; that we have the machinery for collecting taxes in such perfect order, so ingeniously contrived, that it cannot be stopped; that it goes right on collecting money, whether we want it or not; and the wonderful thing about it is that nobody complains. If nothing else can be done with the surplus revenue, probably we had better pay some of our debts. I would suggest, as a last resort, to pay a few honest claims.
Question. Are you getting nearer to or farther away from God, Christianity and the Bible?
Answer. In the first place, as Mr. Locke so often remarked, we will define our terms. If by the word "God" is meant a person, a being, who existed before the creation of the universe, and who controls all that is, except himself, I do not believe in such a being; but if by the word God is meant all that is, that is to say, the universe, including every atom and every star, then I am a believer. I suppose the word that would nearest describe me is "Pantheist." I cannot believe that a being existed from eternity, and who finally created this universe after having wasted an eternity in idleness; but upon this subject I know just as little as anybody ever did or ever will, and, in my judgment, just as much. My intellectual horizon is somewhat limited, and, to tell you the truth, this is the only world that I was ever in. I am what might be called a representative of a rural district, and, as a matter of fact, I know very little about the district. I believe it was Confucius who said: "How should I know anything about another world when I know so little of this?"