The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-03-30

report would be made Monday.
REPORT OF THE MAJORITY.
Inasmuch as the majority of the Ways
and Means Committee expect Chairman
Mills to be able to present their report
with the committee bill on Monday
or Tuesday next, they to-day
exhibited the report they have prepared
to the minority under an injunction OF
secrecy until it is submitted to the House.
1t is an able and skillful exposition of the
principles underlying the majority's bill
The main feature of the report Is the ex-
PLANTATION of the free raw materials provid-
ed for the manufacturer, with wool as the
especial illustration.
ITS ADVANTAGES MADE PLAIN.
All the advantages of the bill to the
farmer, the workingmen. the manufacturer
and to all consumers are brought
out clearly. The minority say they
propose to present report but
it is doubtful whether Mr.. Kelley will sign
whether they will be able to agree upon
bill. Mr.. Reed will probably do most of the
heavy and general writing in the report
with Mr.. Mckinley to set forth the argu
ments against free wool, and Mr.. Brown to
put in few words for the Western Repub-
licans
THE MATTER IN NUTSHELL.
LOUISVILLE, KY, March ga Wash
ington special to the COurieT-Jour1ldl says:
"The report of the Democratic majority of
the Ways and Means Committee, which will
accompany the tariff bill to the House, cites
that the surplus for the last fiscal year was
S55,5O0,000, and for the current year it is
estimated at $81 200, 900, and says: with
the receipts growing larger and
the expenditures growing smaller
we must soon gather into the Treasury the
larger part of the circulation of the country
to the great injury of its business and the
bankruptcy of many of its people. Some
method must be adopted by Congress to
prevent the contraction, which must occur
under the existing laws
There are two ways in which this exces-
sive accumulation may be prevented. We
may reduce taxation to the level
of the expenditures and leave in
the pockets of the people all moneys
not needed for public purposes, or we must
raise the expenditure to the height of taxa
ton, seeking out new and useless objects of
appropriation on which to lavish the great
and growing revenues not needed for any
legitimate wants of the public service.
A BAD POLICY.
'If we adopt the latter course these very
objects of useless expenditures will gather
upon Congress in such increasing numbers
and with such growing demands as to
fasten upon the government a permanent
and Interchangeable policy of extravagant
and reckless appropriations. This policy
once adopted will not only breed corruption
in public life and Generalization in
private life, but will compel in periods of
depression an increased rate of taxation for
the people, or an increase of the bonded
debt for the government. Then stating
there is but one safe course, viz: Reduction
of taxation to the necessary requirements
of honest, efficient administration of the
government, the report discusses the ques-
ton, Upon what articles shall the reduc-
ton be made" and proceeds: 1.-THE COM
mittee have determined to recommend re-
duction of the revenues from both the Gus
toms and internal taxes. They have care
fully kept in view at all times the interests
of manufacturer, labor producer and con-
sumner
PERFECTION NOT CLAIMED.
The bill herewith reported to the House
is not offered as a perfect bill Many
articles are left subject to duty which might
we'll be transferred to the free list.
Many articles arc left subject to
rates of duty which might be lessened.
In the progressive growth of our manufac-
lures we have reached the point where our
capacity to produce is far in excess of the
requirements of our home consumption.
As a consequence many of our mills are
closed and many of those still in operation
are running on short time. This condition
is hurtful to the manufacturer, to the labor
er and to the producer of the materials con-
Sumed in manufacture. The manufacturer
loses the profit on his capital, the laborer
loses his wages and the producer of the
materials consumed in manufacture loses a
market for his products.
MANUFACTURERS COMBINING.
-. l.
guard against losses by low prices caused by
an over supply in the home market, are or
ganiZing trusts, combinations and pools to
limit production and keep up prices. This
vicious condition of business could not exist
with low duties on imports. Prohibitory
tariffs surround the country with lines of
Investment and prevent all relief from
without while trusts, combinations
and pools plumber the people within.
In country like ours, prolific
in it's resources, where the rewards of labor
are large, the capitalist may by such
methods keep his investments secure and
still make profits; but what is to become of
the laborers who are thrown out of employ
ment by stopping the wheels of machinery
and limiting the amount of product? and
what is to become of the producer of ma
terials to be consumed by the manufacturer
when the fires are shut Off
A
Labor and materials are shut off at the
same time, and the market for both is gone.
Whether they labor i'll factory or field,
whether they produce cotton, WOOL hemp,
flax coal or ore, whether the product of
their daily labor is cloth, iron, steel, boots
or shoes they must have constant employ
ment to obtain for themselves and their
families the necessarieS and comforts of life.
When out of employment, with their earn
ings cut short, with low prices for their
products, caused ty the closing of the
market they sti | must pay for
whatever their daily wants require prices
which trusts have fixed. What is the
remedy for this wrong? 1t is more extended
markets for the sale Of our products and
constant and active competition in business.
With active competition combinations and
pools are impossible. With the markets of
the world open 20 us our manufacturers may
run their mills on full time. give constant
employment 70 their laborers, with steadily
increasing wages, and the markets of the
world open to the sale of their procucts.
They will create an active and constant de-
mand for all the raw materials required in
manufacturing which will stimulate, pro-
mote and reward the wool grower and the
producer of cotton, hemp, flax. hides, ores
and other materials of manufacture.
VALUE OF THE ANNUAL PRODUCT.
"The annual product of our manufactures
is now estimated at 81, 900, 600, of which
amount we export only about Sl36, ,0lQ, 900,
or loss than . Der cent If we could obtain,