Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1892-08-11
PROTECTION PROTECTS.

PROTECTION PROTECTS.
mense Benefits Derived From Pro-
tection-Vigorous and Telling Re-
marks by Rev. Father Holland at
the Catholic Summer, School Ses-
sions In New London. 80
At one of the recent sessions of the
Catholic summer school at New London |
Rev. Rene J. Holland, S. j., of Woodstock,
Nd, took the platform at the commence |
ment to answer a series of questions sug-
gested by his previous lecture on the IRE
lations of Capital and Labor" The an
swers were admirably clear and compre-
hensive, and as nearly judicial as it is pos
sible to be.
One question brought out the question
of protection and free trade, vital one
and one that is claiming the largest share
of the public attention at this time. Fa-
Their Holland said the greatest good of the
greatest number was to be considered.
There were more consumers than produc-
ers, and In protecting an industry there is
charge, greater or less, on the consumer,
but also there are compensstions to be
considered. It is right, he said, to protect
a new country against an old country, and
in time protection produces home compe-
tition, cheaper prices and great economies
in the cost of production naturally fol-
lows, so that it was fair to conclude, as in
fact experience has shown, that projection
| cheapens. He also dwelt upon the
danger of depending upon a foreign
market which dependence put Gus
| foreign manufacturers, who did all
| they could to defeat competition. He il
Illustrated this view by the experience of
an ex governor of Alabama, who started a
Iimanufactory at Birmingham, Ala, to make
cotton ties, very promising industry
| when 1t Ia considered that cotton ties are
| wanted for {, 000, 900 bales of cotton annu
| ally. The English makers came into the
| market and offered cotton ties at price
less than it had cost them to produce and
l the effect was that the American cotton
| tie mandatory went to the wall. Once
| this was accomplished up went the price
| again and the consumers were at the mercy
| of the English manufacturers. In consid-
| ering the relative merits of protection and
| dispassionate, leaned decidedly to the eide
| of protection. He did not back up the
| tariff all around, clearly being of opinion
that on some things it was excessive. He
said in balancing the respective claims Of
| the two systems considerable acumen was
required to properly adjust them. While
| protection at first raised the price on small
| articles, the compensations came in Great
| ing market at home for all sorts OF pro-
duce of the farmers. and an increased con-
sumption of all articles. 1t was remark
1 oh 10 Iao To he off h0 oI1r-
rounding country that the establishment of
factory had in stimulating every branch
of trade and putting money into circula-
| ton. In the case Of England he traced
her growth in wealth and manufactures
until she reached a position where she
could defy competition, and it was appar-
ent that free trade was her interest. She
drained Ireland dry. Ireland changed
from manufacturing nation to producer
of raw material, and while the lecturer did
not say 10, it was easy to infer what had
been the effect on Ireland.
The free trade theory, said Father Holt
and, is very seductive as theory. Napo-
leon III. had always been a free trader, but
France had now adopted a moderate sys
tenn of protection. In summing up he
gave the weight of advantage to protection
as policy, though in some things he con
sidered our tariff WAS excessive. Conclud
ing Father Holland gave something like {
ledger account between protection and fret
trade. Protection put something of tax
but it opened home market; protection
established monopolies, but at the
same time it encouraged home competi
ton; protection hampered the exchange
of commodities between Dations, but it de
veloped the natural resources of coun
try that otherwise would be dormant, anc
increased nations wealth. Protection
forced capital into unnatural channels, bu
the result was the creation of business anc
an increased demand for labor and an in
crease in the wages paid labor. Protection
seemed opposed to the economical law Of
buying in the cheapest and selling in the
dearest market, but to put country upor
its own resources and make them indie
pendent of foreign nations. Protection
all around appears to have the best claim
but, said Father Holland, the mean be
tween these extremes would solve thu
problem.
A tariff for revenue only he pronounced
unsound doctrine. Either a protective
tariff or free trade was his view of thu
proper policy. 6
In regard to a question whether thu
usury law of the state of New York was ar
evil or benefit to the poor, Father Holt
and said that while the laws were I'M
| poor they were against their interest il
operation. The usury law prevented poo,
people without good collateral from Dor
rowing money, while the rich with gil
edge securities to put up could get all tn.
money they needed, and by paying com
missions get around the laws. The case o.
woman who had exacted usuries interes
from elevated railroad employees was cited
| and while the woman had undoubtedly
committed a criminal act, Father Holland
was not so sure that she had been guilty
of moral crime.
At the Church of the Messiah.
While Rev. Mr.. Squires of the Church
of the Messiah is away on his annual vaca
ton the ladies connected with the Church
of the Messiah are having social gather
ings from time to time. Last evening they
met at the residence of George D. Lamb or
Chapel street and there was a large at
tendance. All expressed great pleasure
with the evenings program.
| Among those present was the Rev. NJ
81. Houghton, the former pastor of the
church and now located at Titusville, Pa
Mr.. Houghton has kindly consented to
preach in the Church of the Messiah next
Sunday morning, and his many friends in
this city will be glad to hear him again.
THE BUTCHERS, BARBECUE.
Very Large Meeting Last Night
| Arrangements Nearly Completed
| Events of tho Parade and Bar
| becue.
macs meeting of the wholesale and
retail butchers and grocers was held in
room 10 of the Insurance building last
evening. President G. E. Hart of the Re-
tail Butchers Protective association pre-
sided:
| The,meeting was held for the purpose of
making the final arrangements for the sec
ond grand annual barbecue on Thursday,