New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-07-31


candidates nominated the party platforms adopted
ard both sides are preparing to present their Side
OF the 10 the people OF the country Tor their
verdict upon the merits Of the questions at ISSUE
While reading Mr. Cicvclands speech OF acceptance
delivered al Madison square Garden the other even
ing and noting the weakness OF his presentation or
hs side of the case. the following comparison OF the
subject seemed 20 me good one;
We will say that this country Is n great stock
company with a duly elected president. vice pres
dent board OF directors and other necessary officers
The voters OF the country are the stockholders share
and share allke-cach vote representing share or
stock The board Of directors are represented by
the Senate and the House OF Representatives. The
time for the election Of president Vice presl-
dent and board OF directors OF this corporation has
arrived and the candidates for the two hrstnaned
offices have been named by the different factions
OF stockholders. The candidate OF one faction Is IN
unknown iactor in the business management the
visionary theories OF himself aud his faction having
never received the sanction OF a majority Of the
sound business men among the stockholders OF the
company, as they foresce only rum ana bankruptcy
for the corporation II they should he allowed to as
sumo control Of the business affairs OF the firm This
faction represents the Peoples party who have issued
their unstaesmanlike platform or prospectus ana IN
wife our support OF the ideas therein set forth
Another faction OF the stockholders have nominated
rs their candidate who has held the office for
one term but beaten at the last election, as the
stockholders not pleased with his management
Of their onars, and his views as TO the manner In
which the business transactions OF tho company should
b. carried on In the future lie represents the fnc-
ton who wish 10 put I'm force policy under which
other companics-or countrics-are now struggling,
and which pays a very patry dividend to the work
.ns stockholders or workngmen To such an eX-
tent Is this the that they are deserving the OLD
companies By the hundreds Of thousands and taking
stock In our company, by becoming citizens OF THIS
country and sharing with our stockholders or voters,
in the benefits OF Protection and Reciprocity, the true
business policy under which company Is man
aged at present The rcactonary faction in our
company wishes to overthrow that policy which has
brought such great prosperity TO the affairs OF our
company, and adopt the Free Trade system OF our
chief competing company, England, 50 that the Dusl-
moss of the companies may be carried on In the
same manner, and the dividends TO the stockholders
| OF the two companies placed on par, or IN otlcr
| words the wages Of laboring men lowered TO
meet the English rate, and manufacturers forced
| to compete for existence with the English manu-
ncnrcr who is seeking control the markets OF the
world ard IS using his utmost endeavOr To force us 10
| the wall Every time this policy, or anything APP
preaching g. has been tried It has proved disastrous,
hr aening our company with bankruptcy ana BRING
| Ing great financial depression rs the result But
Notwithstanding these past experiences this faction
| % our stockholders anxious TO give 1t another
trial strangely blind 70 the disaster IT would inevi
| tablv bring to us This faction represents the Demo
| cratic party.
Tl, tlirl faction represents the party IN power
They hive managed the butness affairs Of the com
Islny with but four years ttcrmsicn, for the last
| nrry years Wlgn tiny lr~t chosen 20 over
| ~. ,',- affairs Of the corporation they found its
-cagtrt anlsrrip IT, credit absolutely worthless;
That when thy wished to borrow money % contCluc
| .he bu Incs, They forced 20 paw nm enorIno]Is
nate II tlna,et They were also oonfrontcd WIKI a
| gigantic st-kc hy the other fachn OF u" StD4i-
| holders which took years of tim" ard bh"dshed aid
,-t rnne.. suns Of money 20 sRIit.n". Cnd'r Their
Vie management the strike put down. tie credit
ID, 10 company brought MP 10 such hi-h standard
| hat money can he borrowed AZ me ow'tt rat" ~
| interest cvo- known and Ia" bu Ancss OF the c'hn-
| ,onv eyr.rh,d a thouealhfld On sirh a firm iass
| rave thy placed the business that now fley ARE
not Only able to manufacture the greater part OF The
rr.hs and n.d FOR consumption. bnt are able
To- sell t. Other comIsclie, hundreds Of mhh"ns "a
| dollars, worth every year. We also able, when
AMY - onr me- sht-r,ng oonpiiics are suffering ii'i
ta,s,uc,s depn,erosi. send them '2sp"o's OF i"H
| sl Tho way ID, charity srh ~ show our sympathy
toward ,icm br l-lug blind % their own hN'f'N
~ ,, ~ see tho s,icc.t Of or policy and To adopt II
,u..lvcs Under tie present business uaraeefn'ft
M. affairs Of TIE company we're never more pVt
r-,,s and t!s, diyid,-nds wuee. are - PER cent
higher than TIE company pays. While The cost 81
gvlng Is lower than wdcr The Old iuiASeiwin "A'1
| f. nov seeding reinstatement, AND There Is 'Ei
| dency 20 s,ill lower cost while under the FREQ
| Trade plicy Of 0lr Dcighbo'' The cost 4"
uyt,c Is on the Increase and the wages ara on the
| decrease A good bushes, man who IS sockhohcr
| in any corporation, under such showing b! ooAu
- Officers wonld have very little trouble IN deciding
| for whom he would vote b. continue the management
~ its affairs Harrison, tho candidate FOR rtcccuoh
a., President To represent this faction. promises con
tlnuance OF the present prosperous administration VI
.s,I. ..I g. ,.utafs. fupf II
| - onr business in the future. Whltcaw Reid the
enud date n,r Vice President OIL the same Ticket mas at
| w,vs by voice and pen. been n powerful and untrng
,dvocto Of the same enlightened policy. and has done
much toward RS success They able to issue tho fol
lowing balance sheet Of tho last years business under
| thc present management. ana 10 make comparison
with the business under Ccveands last year of bust
nos, control Of tbs affairs Of the company: sold 10
| other nations last year. Sll3o,32o'o2o worth o'
rroducts AGAINST $685. Dol ,6O7 the last year Mr. Cleve
land VA, President The balance OF trade against us
the last year Mr.. Cleveland was President was S-o'-
ooo COZ The balance OF tnde In our favor last year
| under Mr. IIarri .on, s2o2,H44,3f2 The national
debt the last year Mr.. Cleveland was President IN
creased slGA567O the National debt last year. under
| Mr. Harrison decreased sll .3s0200. What business
| man. or what man who read figures, can question
which OF the two Is the better fitted TO continue
the management OF the affairs OF our company
\ committee Of the board of directors Of our com
uouv after months devoted Ia study OF the question:
have lust issued statement of the ahairs oil inc com
pany in relation to the cost OF hVhs an" '"o la'' VI
wages under the present Administration Tins re-
mort is signed bv all the members Of the committee
bot tho,c fayorng the present management and those
| oppo,,d to IT, II Mr. Cleveland would read this re
mort he would see how nonsensical arr some OF tno
statements IN his speech Of acceptance or prospectus
which he issued win votes for ms cnse thc Ctl,r
| night AT Madison square Garden ne says iuIIl
| iug our eyes to the pnin people OF The land we seS
them burdencd consumers with tni1H sSs~'n I'M
| unustly uud r.lcntles,ly demands from thol III the
uurchaSc Of the ncccssarcs ana comforts OF me NJ
amount scarcely met by the wages OF had ana stray
| tn-while the eNactions thus wrung from them Ollu
M and Increase the fortunes OF those Tor whose Dcnch'
| this injustice IA pcrpctuated. ~. 80 l., o,o
The report of the directors Guy Soaime
| ton Ia the living: Inc result Nl""o