Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1893-07-07
Cause and Enect-An English Lesson.


Protectionists claim that unrestricted
foreign competition will necessarily re-
duce wages in tho United States. They
have not as yet been able to submit the
axiom to the test of experience, but they
will be in position to do so after Mr..
Cleveland's friends get through tinkering
with the tariff. In the mean time we may
see in what is happening in England a
forecast of what will take place if the
next congress embodies the principles of
the Chicago platform in tariff bill such
as the free traders are vociferously de-
handing. From the London Echo we
learn that reduction of wages in the Brit
ifh iron trade has begun. In announc-
ing this reduction the London Echo de-
clares that the cut of 21s per cent in
wages already too low is unavoidable "be-
cause of the severe competition of Ger
many and Belgium"
We are told by this same journal that
"workmen object, but there can be little
doubt as to the result" The English
iron workers will, of course, object, but
competition that is made possible by the
lower wages paid German and Belgian
workingmen will make these objections
of little use. If English trade unions,
wei organized and powerful as they are,
csf noqprevent the consequences of such
foreign competition as the London Echo
refers to, how can American trade unions
hope to be more successful when brought
face to face with the competition that
will be forced upon them when the "tariff
for revenue" program goes into opera
tion.-The Irish World.
***
"DemOn Of Distrust."
Wall street operators are utilizing
their spare time nowadays in circulating
in western cities their tracts and burden
ing the mails with pathetic appeals in
behalf of unconditional repeal of the
Sherman purchasing act. According to
one of these 'the demon distrust is
stalking about the land" and pictures
in the trail of the aforesaid demon such
bric-a-brac as "wrecks of human lives"
"dlshonored names,' Bankrupt credit"
and SO on to the end of four pages.
One needs not to be told that this is the
veriest trash when applied as an argu-
ment for the repeal of the Sherman law,
and the exasperating thing about it is the
implication these operators mako through
these letters that this western country,
and Denver in particular, is filed with
people who accept such vaporating. In
the west we are better posted upon the
finances of this country than are those
who seek to instruct US. We are better
posted from the fact that here the finan-
cial question goes to the root of things.
We know only too we'll the result of the
application of theories; and we know,
too, that the time is ripe when a change
must come in the methods of dealing with
matters affecting US so deeply.
If the "demon of distrust" is partlcu-
larly fond of this country as stalking
ground it will, we dare say, soon have
plenty of exercise unless Wall street
operators themselves come to their SEN
ses. There will be no unconditional re-
peal of the Sherman law, and if congress
adjourns without giving relief the 'de-
mon of distrust" will have merry dance
in the vicinity of the polls at the next ma
tional election. Perhaps Mr.. Cleveland
will be given an opportunity to become
quite we'll acquainted with tho "demon
of distrust" at that time.-Denyer Sun.