West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1890-09-11

time; nor Is II surprising that ne admission Is
made with equal unapimity that the great manu-.
fscturing industry. the pampered favori.e Of this
class legislation, is in prosperous ard growing
with these two admitted sacts confronting us.
would ask sir. whether il IS the part Of wisdom or
the evidence OF patriotic craftsmanship that we
essS ~ gu, Is,s, ,s lvfsnss w,aen the
country by artihcisiiy stimulating the prosperity
snd pfonts 81 me oas. while oy the same measure
OF the other, thus extending this already wide
Were our MISUNDERSTANDING industries prostrated,
as agriculture i. az least plausible excuse could
be offered in justification ofthis uupsrdcuabie m
Is not the case. no such plea can he advanced by
the advocates Of this bill The excuse for its pas
given by the piunderer having the desire TO APP
Propriate his ueighbor's property, and the power
Is asked 10 give us sauetion the transfer OF the
property Of the consumer to the vaults OF The
manufactures i'm the other.
To show. sir. that the manufacturing industry
isSo: '-' "'s'eo v '"e census "
value Of material 81 ,oa.sio.oss 's'''''''''''
Value Of annual wages 9l7,sIs.o7s
- t.Sr1.aSg.7os
freess Of value Of product over ma
tci.Ha anu wages iso27,Soo,oos
As the capital invested In this industry aggre-
gates s. 30 zl5 500. aud the receipts exceed the
cost OF wages aud material 81 oz7 COS n per
sen, upon the capital invested. from which is TO
Ne deducted taxes. insurance wear and tear. etc.
IN comparison with the profits on agriculture
mud Il would leave an northumberland dividend.
the result OF inequttabe laws. which permit ex
urai competition of trade.
received by these beuehciaries Of an unconstitu-
tonai aud unjust system ofiegislaiou. will take
speech delivered by the Hon benjamin r.
shively, Of Indiana in the House Of Representa-
OF Ia
I'm an equity suit brought by some Of the stock
holders of the Jackson Iron Mining Company, in
the secretary Of that company was put ON the
witness stand. and under oath. admitted that
10 that time they had declared sum total OF divf
dends Of LIS PEI cent that the original capital
stock was $500, oco, that the dividends declared
amounted To fS5SS 600: that the plant in 1855
worth s. Soo.oco. An average annual dividend OF
cooper cent. TO the value OF the original plant in
the same TING. shows the lapguishing condition
clamoring for protection against the pauper labor
OF Kurope.
The Quincy Copper Mining Company. of
Michigan, paid au average annual dividend OF 50
per cent Tor the ten years preceding 1881, aud the
uenos last year $50 600 on an investment of less
than 81 900 oo. IL will be remembered IN this
connection that copper had war tariff OF cents
per pound and now enjoys peace tariff of cents
per pound. member of the Edgar A. Thomson
s're. her located a, braadoek Pa admits to
This House that he drew out OF that establish m nj
or eS A. single year the sun OF 81 500
profits. This firm Is protected by a tariff OF 81
Per ton on stsei rails and ss7so per ton ON steel
rounded by Gordon Of Pnkerton' S brass-buttoned
,nsndSrins to protect imported foreign labor in.
SIDE shoot the life out OF struggling American
workmen outside, and guaranty absolute free
trade In laborl'
Is LABOR BESRFTTrED ny TnR rARIFFP
Mr.. President, the advocates who seek TO per.
petuate this system Of legislation. approaching
their inability 10 arouse the interest or stimulate
fhe phiauthropic sentiments of the American
people in behalfof the benehcsries of this great
the true reasons which prompted their zeal in be.
halfoi protection iot projections sake, by a>sum
snR the disinterested role OF the champions and
protectors of American labor against the low.
priced pauper labor OF Europe
such an appeal, coming from the source that Il
does, should excite suspicion. The experience Of
the past has demonstrated that there are but two
members that compose this partnership. Labor
The power ofthe Republican party results from
the magnificent organization, the cohesive force
OF mutual interests. and the unlimited means Of
the protected manufacturers. So long its policy
rs controlled by the capitalist II cannot champion
The value Of this argument in the political mar
ket IS rapidly depreeiatiug In recent years. Edu
questions and their practical operation, IS rapidly
convincing the American iaborer that between
the language OF the Republican John Jarrett, be-
fore the Senate committee on labor and capital,
wages OF labor can only be maintained at a liv-
sng standard by the workmeu belonging to labor
organizations. The advance in prices did them
NO good the manufacturer took II all"
The Republican party, through whose iegisla-
ton these great monopolies have been enabled to
concentrate the wealth Of the country ia a few
States ia one Of its sections, and who are the an.
thorized representatives OF the wealthy and creti
tor classes which division among the people Of
the United States has been the natural outgroyvth
OF the policy enforced during the last years by
that party, cannot convince the American Iaborer
that his interest IS safe In its keeping by decar.
ing that high custom duties must be imposed
upon commodities Of prime necessity, that labor
may be fully aud justly rewarded.
The statistics Of the increase OF the value OF la.
Dor during periods OF high aud low tariffs conciu.
siveiy demonstrate that labor does not reap the
benefits that should flow from the sacrifices made
by the consumer tof which ne Is the largest Gle
ment) aud none know this better than those who
cry the loudcst for protection TO American labor.
MT. President experience teaShes all who will
stop to reflect upon this subject that there two
great questions entering into and determining the
price OF labor: Fitst, the demand and supply,
aud. second, the efficiency Of the labor.
IL would be useless to consume the time of the
Senate in discussing the FIRST these proportions
--that the extent OF the demand and the number
OF efficient laborcTs seeking employment must TO
great extent. be the measure OF the value % the
services rendered. The history OF the price Of "a
Dor in all the great and varied industries through
out the length and breadth Of our country from
two elements, more than any other questions.
tend to cstab ish the value Of labor
The difference in price for the same class Of la
boreTs between the North aud the south and be.
tween the East and the West fully sustains the
correctness Of the fret proposition.
That an increased value to labor Is not given By
an increase OF customs duties even 20 the work
men IN protected industries, Is clearly shown by
the bureau Of statistical information Of the stale
of Illinois,