New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-09-10
NEW FACTORIES. MARKETS AND SHIPS

One sentence of President Harrisons letter
of aoceptance contains enough of high National
doctrine for dozen Republican campaigns.
r. il that in which he describes the party S
nr;nciples as embodying :" policy Of safe pro-
pres;ion and development-of new factories
now markets and new ships" The Democratic
marty and its leader are strongly addicted to
an immoderate use of phrases. Indeed, IN
Democratic canvass phrases like Pubic once
Is n public trust" mckinley prices" the
Billion Dollar Congress- and the roooef
TARIFF take the place of argument ana prih-
cinlas to very large extent. But we douot
whether Mr.. Cleveland himself can invent Il
pbrase which will be at once so terse and so
cha ,acterstic of the policies of his party as this
Rermblican motto, "New factories new mar
lSet, and new ships"
CHEW factories" tells the story of the Mckin-
Low act. The Republican Congress had the I'M
mediate duty Of reducing the surplus revenues
of the Government 1t accomplished uis re-
sult bv repeating the sugar duties which were
practically sources of revenue only, ana ny
making other additions TO the free list 10 ana
nothing to disturb the foundations OF that
maynifcent system of home industries which
had been established during thirty years OF
continuous Protection On the contrary, it re-
viseh the schedules with special reference to
increasing their efficiency. Where there was
undue weight it was reduced: where duties
were sources of revenue only they were IN
creased so as TO become protective agencies
and where foreign competition interfered with
The development of the home industry 1t wns
subjected to new checks and balances The
result of this comprehensive and intelligent
action on the part of Republican Congress is
tbo enlargement OF home industries and the
building of new factories. That involves an
increase of production, employment for larger
masses Of workmen, and the payment OF higher
wages for skilled labor.
New markets. is summary In two words
of the vast expansion of foreign trade caused
by the Reciprocity policy, the removal of I'M
Just restrictions upon hog products and the
enlargement of the free lst for non competing
products The Democracy has its English
nostrums for the development Of foreign com
merce, such as free raw materials, and unre-
strieted trade; but these policies involve de-
struction Of American industries and the loss
Of the home market, which forms large part
of the worlds commerce. Republican policy
protects the homo industries and brings the
weight of the home market to bear in charging
the Nations export trade It is policy of
substantial gain without the risks OF enormous
loss
"New ships IS the promise Of the revival
of the merchant marine in the foreign trade
Already there are assurances that the Amerl-
can flag will speedily be seen in English, French
and Belgian ports by the operation of the
Ocean Mail Service act and that an auxiliary
navy Of 20-knot cruisers will be at the dis
posal of the Government in sudden emergencies
The new law promises to provide an additional
tonnage Of 100, 900 for the merchant marine,
and if the policy be resolutey maintained
American maritime decadence will speedily be-
come thing of the past. New ships are
needed for reaching the new markets, and the
capital invested and the labor employed in
them are as fully entitled to protection as the
capital and labor in the new factories.