New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-02-10
SHERMAN ON LOWELL.
A GREAT POET, NOT GREAT ECONOMIST.
ALLUsIoNs TO A RECENT SPEECH IN BOSTON THAT
WERE APPRECIATED by THE HOME MARKET
CLUB-oTHER SPEAKERS AT THE
BANQUET IN BOSTON.
lBT TELEGRAPH TO THE rRrBuSRI

Boston, Feb. 9.-The Home Market Club which was
organized in Boston last spring, now numbers about
oOo representing merchants and manufacturers scat
tered throughout New-Engiand. The banquet gven by
the club at the Hotel vendome this evening was partc
pated In by moro than 45o gentlemen. The guests OF
the club were Senator Sherman Congressmen Mckinley
OF Ohio; Gof, Of West Virginia Grosvenor, OF Ohio;
Senators Chase and Aldrich, of Rhode Island: OK
Congressman Ely, Crapo and Russell and others.
reception was held In the hotel for half an hour prior
to the time for the banquet At o'clock sharp the
company was formed In line by the secretary Herbert
Radcllf. and entered the banquetroom which was
handsomely decorated with bunting, notices and BAN
ncrs Perhaps no body OF men ever assembled In this
country where so many industries were represented.
Tho literary exercises introduced by the pres
dent OF the club, Timothy Merrick, Of Holyoke, who
briefly stated the objects Of the club It's rapid growth
and its prospects, and concluded by introducing Senator
Sherman, who was received with rousing cheers. All
through his effective speech he telling points werc
Enthusiastically applaudcd, and especially the au
sions to MI. Lowell and President Cleveland.
Senator Sherman began by thanking the club for tho
enthusiastic greeting given him. lie described tho
name OF the organization "A creed in itsef-home
market for home productions conrastcd the greatness
OF tho homo market with the comparative unlmport
ance Of the foreign market and expressed his wonder
that gentlemen of education willing to endanSer
the greater In behalf Of the less. He added:
i can excuse such Professors Mr.. Sumner and Mr.
Perry whose theories exclude love of country and rest
only upon the univeral good OF man. The most dis
ngShed Professor of this school of philosophy that
know OF IS Mrs. Jelyby, who devoted herself to the
good OF mankind ard especially Of africa to the neglect
OF her house, her husband and the litt.e Jellybs.
When you invited me to speak to the Home Market
club learned that there was another club In Boston
called the Massachusetts Tariff Reform League and that
It's members had banquet here recently, at which
there "ere many distinguished guests and speeches:
So naturally thought that here, at least might find
statement OF The benefits of the foreign market and
what what Is meant by tariff REFORM ! carefully read all
these speeches and confess surprise to find little
so n @e a6on %'s poc erecting oT IKE og M "15 Of
fare so little bread and so much sack
PAYING HIS RESPECTS TO MIR. LOWELL.
Take Mr. Lowell, for instance, gentleman for whom
have always entertained the highest respect. lie
is known as an accomplished writer of culture
and taste, welcome representative Of this country at
the English court. lie the president of the
sion and gave tone and direction to IT, find but very
little about the tariff In his remarks, but good deal
about Mr. Cleveland. lie says:
" Personally confess that | feel myself strongly
attracted TO Mr.. Cleveland the best representative
of the higher type OF AmcIlcanlsm that have seen
since Lincoln snatched from u.s."
Thus Mr. Lowell, who has been hopored by great
party With its Conscience md trust, places Mr. Cleye.
land above Grant The great soldier of cur country
above Hayes, who certainly gave 10 the country purc
and excellent Administration and Mr. Lowell, himself
above Garfield, one OF tho most accomplished Of Ameri-
can statesmen, and above Arthur, IN every respect
S SSw fort WHAT as n R md Seen SG
TO Justify this cnlogyf Two things First for the
promise OF Civil Service reform. and he has practsed
the most general sweeping removals In the. public
Offices since the Government was established. Tho
ground named to Justify this eulOgy Is the recent
message Of the President recommending that all taxes
row existing home products be continued, and
duties IMPORTS be largely reduced The inevitable
effect OF this policy IS to 'rease impOrtatlonS al the
expense and loss of our homo market, and pes,
ally to reduce the of all engaged The IN
creates alarm among business men at homo and gives
had occasion recently to answer this message and do
repeat II here but wish to reply TO other
remarks OF our friends in the league.
Never before has Pandora's box 50 full Of the
germs of Infections Generalization been offered to any
peonle as our growing surplus
This Is not rus As surnu a great t deal better bes
been growing since the close Of the war. 1t has en-
abed us to Ieriorm the feat OF rana re RE
admiration OF the greatest statesmen Of Europe Mr.
Gladstone said TO me twenty years ago that this was
Ing surplus was bequeathNd to Mr.. Cleveland by his
predecessors and was applied by them to the pay nent
the rational and steady result Of our increase In wealth
and population growing out OF the policy OF pro'eo'on
TO homo industries.
CLEvELAND's ZEAL AIM NOT AT THE SURPLUS.
But why is not this surplus applied to the payment
or purchase Of the public debt Whose fault Is IL
tha. II acou" ula'o. in the Treasur'1 Pia nj the
fault of Mr. Cleveland whose Sec etary of the Treas
ury is authorized to apply this surplus at anv tlme
to the reduction of the public debt Bt " me fresl
dent prefers to reduce the surplus bv the 2i
taxation WHY did he not apply to Congress TO dnlllSn
that any time In the last Congress taxation could
have been reduced bnt for The desire OF the Speaker
Industries rather than TO reduce taxation. A majority
of tho House though Democratic would nave paSseu s
permitted By Tho Speaker 70 vote upon Tdncon u, do
Of Internal rather than external taxes ana TO Iiyi Iii
IL 70 ma MAKE all the rcudta rccommended by hc Pres
dent could be promptly passed. Ru the truh IT, the
ae dctcrm,ned an TO ns" The exgrncy which he has
created 10 force Congress TO reduce taxes In ther
Tay SO as !" nS &c hecaoo Of this that he receives
the high eulogv of Mr.. LOWELL
AN UvrRuTH ANorT CONGRESS
Again. Mr. Lowell SAYS that The two great parties
in Congress unworthy Of confidence that Win
them It Is struggle between the ins and the OUTS
and that "each appears to make of the same un-
worthy tricks for its own advantage each had an
abundance 'cf aces in s sleeve and each was
divided on the great questions of vital interest"
Now as Mr.. Lowell has never been member OF
Congress and have for many years, must say thsi
during all that time have never seen the game played
with aces In the sleeve. That Is a hgment or his
Imagination. The truth is that Mr. Lowell though
the interests and business of this great Repnblic OF
the who like yon develop IT'S rHsomGts ,+s NE We
policy Of protection to the millions of our conntrvmeh
ves bu I'D and supported alone nv wise restrictions
upon foreign competition. HIS af'intes tor whan - NO
sss cnSsd sd rom scSoo so xed that he
distinguish between the interests OF new great anu
and dreams. He neither did nor can throw any light
upon the economic questions In which yol arc iher-
tween speeches in a manner so "chlldlke and blaud'
that Is worth quoting. lie says that at ee trauo
meeting I'm England "he was irrtafed by the as
sumption OF some OF the speakers that It would be an
excellent thing for England II the frcetrade doctrine
should prevail In America" when he tells MS, ne got
M and said that these persons In England who eN-
pected that the adoption Of free trade here would no
profit able to them greatly mist akcn' can
imagine the smiles of satisfaction Of the great English
merchants who have spent so much money 10 eet,
foohold In home market at this dellsion OF tho
American Minister ,, -,
I wish to speak OF this distinguished cltlleh 90, VI
| cftc tnf
the memorable language used by whittier inc ga 80
poet OF Massachusetts, who stlll livos among 3o' o
oraa and beloved by all. Of Daniel webster tnc IT,,
statesman OF Massachusetts,, who In crtca ihoin'"'
disappointed his friends and constituents
Revle him sot-the Tempter hath
A for all
An pitvag tears not scOrn ana Wtatu'