The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1880-10-23
The Republican Party More Friendly te
the Poor than the Rich.

4 correspondent of the Chicago 1rt-
June, writing from New York, says:
AS the Republican party has sometimes
been charged by the unthoughtful, of
being the friend of the rich man against
the poor man, | thought | would get the
opinion of some of our rich men on the
subject.
First, | called on Frederick S. VIM
ston. the silver-haired President of the
New York Mutual Life Insurance Com
pany. Mr.. Winston controls 500, 600, 600
of money. He represents more money
than any one man in America. The
money he represents is actual cash; which
he has to keep out at interest for the
Mutual Insurance Company.
"De you think the Republican party
has legislated in favor of capital?' |
asked.
Il don't think anything about it, sir.
replied Mr.. Winston. II know that
when the Republican party came into
power, | could put out all our money at
seven per cent. and now we have to put
it out at five per cent. If legislating us
out of two per cent is helping capital,
then they had better take off the other
five and make us lend our money for
nothing
What do you lose on the interest of
the 500, 600, 600 which the Mutual Life
controls directly, through the policy and
legislation of the Republican party?''
I'VE lose s400.000 a year. Under
Democratic administration, when inter
est has been at ! per cent, we would be
800, 900 richer every year.
And who would this $4,000 come
FROM
why, from poor people on whose
property we hold mortgages.
80, in reality, John Sherman and the
Republican party take 800. 900 away
from your great corporation and give it
to the poor?'
That it exactly. Why. a man must
be natural-born idiot to say the Repub-
! lican party has favored capital against
| labor. The fact is exactly opposite. The
fact is. the rich man loses twenty-five
per cent of his income from interest, and
the poor man gets it."
You are Republican, are you not ~
| asked.
Yes, but am Republican from prin-
ciple, and not because that party has
done any thing to help the rich man.
It's only principle that keeps me from
becoming Democrat. l know it is
right and good for the Republican party
to make money cheap. 1t is good for the
country: it il good for the poor man: but
it is really hard upon the riCh."
Then why don't you vote fGr the
| Democratic party?'
! Because I'm afraid of it. I'm afraid
they would jeopardize our capital. Id
rather get tive per cent for money, and
! get it, than seven per cent, and not get
! it..
How does cheap money benefit the
poor?'
"Why. the next thing to having money
is to be able to hire it cheap. Low inter
est here in New York is driving our rich
men to sending their money out West,
! where poor farmers can hire it at a much
! lower interest than they could if the
Republican party had not legislated
against the rich and in favor of the Poor
To illustrate what cheap money or low
interest does for the poor" continued
Mr. Winston, suppose the price of herses
| should become very high. Suppose it
cost so much to hire or own Il horse that
poor people would have to walk. Then
suppose the government should offer to
let horses at a very cheap figure, wouidn' t
that be legslating against the rich horse
owner. and in favor of the poor people
who had to walk? If poor man can
! hire a horse cheap, isn't he better off
| than u rich man who owns a horse The
property owners Of this country said
| Mr.. Winston, ARE generally Republican
| because they feel secure with Republican
party in power. They feel, if they don t
get much for their money, that they run
| no risks
What do you think would be the
effect of the low tariff Democratic party
coming into power
Il think all personal property. build
ings. railroads, and steamboats, would
shrink 20 per cent. Everything would
/ shrink to low tariff basis. If Hancock
| is to he elected. now is the time to sell:
! but, If Garfield is elected, now is the
time to hold OF buy, Al the iron, brass
! glass, and other materials ia ). l,i,sG or
railroad built this year are put in under
Il protective tariff. If Hancock is elect
ed, the Democratic party will take off
| the tariff: and the value of the house or
railrGad must shrink. That's why values
shrank after the Maine election
"How about manufactures?
"Why, take off the protective tariff
anu llley VIII supp. VI. IL any Snouiu
90 on, wages would have to fall so as
to compete with cheap labor in England.
| This !. whv all our manufacturers in
New Jersey are .@@li ing their men to vote
the Republican ticket. Il i their saliva
ton. 1t is suicidal for the American
mechanic to vote any other ticket. And
here again the Republican party legis-
lates IL, favor IF the poor man.
" Does the high protective tariff hurt
the rich?"
'Of course. Only pride. iuAu.s aud
vice pay a revenue. The poor man wears
no diamonds or laces. He drinks no
champagne. These things paya big rev.
enue, in fact, a poor, honest Christian
gcntlema" G4p live al his lite and never
pay a cent of Ievente CT ta+, sVRert the
local taxes. In New York and Brook Ign
our local taxes aru very high-aimost
| two per cent on valuatloh-lilt it is
Democratic tax. These wicked cities
are Democratic. If they were run as
economically ~ the Republican party
runs the NatiD..;tl oI5ytrrHfmGnt. our city
taxes. | presume, would DC .Cd..La4 Gne-
half
This is what Il man who controls 800
900, 600 said