Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1889-10-31

nave something to sell, we must produce
that which can be sold, and third, we are
not likely to produce that which will be
sold unless it can be produced so as to
INSURE A PROFIT,
And beyond that, in this country, We in
clude in the cost of that production the Just
and proper compensation of the workmen
who contribute by their skill and labor to
the production of that which we desire to
sell in the market
Now, let me analyze this for one moment
for, after all, dry as the subject of the tariff
is. there is no question that will come nearer
home to all the hearth-stones in this land,
since our country is great hive of industry
and we are nation of workmen
The Republican party propose to develop
the resources of the nation, and with that
development enlarge the opportunities and
increase the comforts of all our people
First-We want that which is the subject
matter of commerce, and we want it pro-
duced from the resources of the United
States, and by the genius and labor of the
citizens of the United States.
Second-In the course of that develop
ment we want to see to it that those who
CONTRIBUTE OF MATERIAL,
Of labor and capital shall each and all re-
ceive an equitable dividend for the contri-
button so made in producing the desired re-
suit.
Third-We certainly want to sell what
our natural resources, supplemented by our
skill and industry, have produced
Fourth-In order to sell we must have a
market, and it goes without saying that we
want the widest market possible. We want
to secure and hold the best market first.
That is the home market, and after that, or
if possible, concurrently Herewith. reach
such other markets as we can supply.
To develop our resources there must be an
inducement; that inducenenJ is the profit
resulting from the venture or effort But
we do not desire to secure profit as re-
suit of Withholding from the workmen of
the country the dividend due to them for
the labor bestowed upon the articles pro-
duced.
Do we want the foreign markets? We say
"Yes.n How can we successfully compete
for them! Why, clearly by supplying:bet-
ter goods at the same price, are the same
quality of goods at less price. There is no
other way that occurs to me to secure and
retain the markets of the world.
We have the home market, wnlcn IS the
largest and best Shall We hold it and still
control it, or shall we lose it in our attempt
to get the markets of the world9
Mr.. Harter will, of course, recognize the
fact that the price of an article in the
market is determined by the cost of its pro-
duction. The two
FACTORS IN PRODUCTION
Are capital and labor. Each factor be-
comes contributor in the productive prob
lem, and each must draw dividend from
the profit resulting from the joint effort 1t
results, therefore, that the price at which
the article will or can be sold will depend
upon the share awarded to capital and the
wage paid to labor.
Nov, the only advantage, or the main
advantage, our foreign competitors have re-
suits from the fact that they produce a
cheaper article by diminishing the amount
paid to the workmen. Now we are not
equal competitors until they pay their
workmen the same, or substantially the
same wages that we pay the workmen in
America
Shall we cheaper the product by cheaper
ing the labor? Are our workmen paid too
much? Or are their competitors across the
ocean paid too littlea
II we are to surrender our home market
and rush out after the markets of the world,
we must resort to the same methods our
competitors practice; that is,
cHEAPEN THE GOODS BY CHEAPENING THE
LABOR
We refuse to do this, and could not do it
if so disposed And in the end We shoull
find ourselves like the dog in the fable to
which NJ. Reed referred so felicitously.
The dog was crossing the creek with a sue
culent piece of mutton, comparable to the
home market, in his mouth. Looking down