The Republicans also gained control of both houses of the 51st Congress. Their margin in the House of Representatives, however, was so small that it seemed uncertain whether they could carry controversial legislation through it. This obstacle was overcome by the speaker of the House, Thomas B. Reed of Maine. Reed refused to recognize dilatory motions, and, contrary to precedent, he counted as present all members who were in the chamber. Using that tactic, he ruled, on occasion, that a quorum was present even though fewer than a majority had actually answered a roll call. His iron rule of the House earned him the sobriquet Czar Reed, but only through his firm control of the House could the Republicans pass three controversial bills in the summer and early autumn of 1890. One dealt with monopolies, another with silver, and the third with the tariff.
The Sherman Antitrust Act
The first of these major measures declared illegal all combinations that restrained trade between states or with foreign nations. This law, known as the Sherman Antitrust Act (taking its name from its author, John Sherman) was passed by Congress early in July. It was the congressional response to evidence of growing public dissatisfaction with the development of industrial monopolies, which had been so notable a feature of the preceding decade.
More than 10 years passed before the Sherman Act was used to break up any industrial monopoly. It was invoked by the federal government in 1894 to obtain an injunction against a striking railroad union accused of restraint of interstate commerce, and the use of the injunction was upheld by the Supreme Court in 1895. Indeed, it is unlikely that the Senate would have passed the bill in 1890 had not the chairman of the Senate Judiciary Committee, George F. Edmunds of Vermont, felt certain that unions were combinations in restraint of trade within the meaning of the law. To those who hoped that the Sherman Act would inhibit the growth of monopoly, the results were disappointing. The passage of the act only three years after the Interstate Commerce Act was, however, another sign that the public was turning from state capitals to Washington for effective regulation of industrial giants.
The silver issue
Less than two weeks after Congress passed the antitrust law, it enacted the Sherman Silver Purchase Act, which required the secretary of the treasury to purchase each month 4,500,000 ounces (130,000 kilograms) of silver at the market price. This act superseded the Bland–Allison Act of 1878, effectively increasing the government’s monthly purchase of silver by more than 50 percent. It was adopted in response to pressure from mineowners, who were alarmed by the falling price of silver, and from Western farmers, who were always favourable to inflationary measures and who, in 1890, were also suffering from the depressed prices of their products.
The McKinley tariff
Most Republican leaders had been lukewarm to the proposal to increase the purchase of silver and had accepted it only to assure Western votes for the measure in which they were most interested—upward revision of the protective tariff. This was accomplished in the McKinley Tariff Act of October 1890, passed by Congress one month before the midterm elections of that year. The tariff was designed to appeal to the farmers because some agricultural products were added to the protected list. A few items, notably sugar, were placed on the free list, and domestic sugar planters were to be compensated by a subsidy of two cents a pound. The central feature of the act, however, was a general increase in tariff schedules, with many of these increases applying to items of general consumption.
The new tariff immediately became an issue in the congressional elections. It failed to halt the downward spiral of farm prices, but there was an almost immediate increase in the cost of many items purchased by the farmers. With discontent already rife in the agricultural regions of the West and South, the McKinley tariff added to the agrarian resentment. The outcome of the elections was a major defeat for the Republicans, whose strength in the House of Representatives was reduced by almost half.
The agrarian revolt