The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-02-17
rns DEMOCRATIC POLICY.

:"
ties as 10 the best method Of encourage
ing domestic manufacturers Is an or
ganic difference II Is the outgrowth
of a fundamental principle on the one
aide, and opposition To that principle on
the other The democratic party ever
since II became distinct organization
under the leadership OF jefferson has
inveighed against interference with the
rights of the people. This reduced TO
business economy means opposition 10
meddling with the business plans and
purposes OF the citizen.
| The business difference, therefore. be-
tween the parties Is the difference be-
! tween natural methods and artificial
methods between normal growth and
stimulated growth,
A duty on foreign products is in CT
feet bounty on home products. and
the first effect Of such policy is To en-
tice capital from diversified invest
ments into special channels of protected
industries. Second. the result OF such
artificial stimulus is to unduly stimu-
late the production of these protected
products. This being done in slothful
| Indifference to economic methods and
| without the use of the most modern
facilities. because the investors are re-
living on government backing, results
| in over production on the one hand or a
financial loss in spite Of protection on
the other. The most prominent strikes
and lockouts of the past few years have
occurred in the highly protected indus
tries, while the most general line OF
failures have been in the same class OF
industries No less than fourteen out
of the thirty so-called tin plate manu-
| facturers which have started up un'ier
the fostering influence OF a government
subsidy of nearly so per cent imposed
by the Mckinley measure. have gone
out of business. This result has been
brought about through the lack OF
proper facilities and advantages in
manufacturing tin plate. Said a proml-
nent Welch tin plate manufacturer, who
had made an inspection OF our so-called
tin plate mills: Il would ask no better
profit in nv business than that meas
urcd by the waste in those American
mills"
Again, this artificial stimulus has the
same effect on labor that it has on cap
ital 1t draws it away from the hun
drcds of minor occupations and concen-
tratcs il on the alluring industries,
which are advertised as worthy of gov
eminent recognition Worst of all, the
republican policy does all this injury
in a most costly and impoverishing
manner by levying tribute upon the
people.
These are but few Of the ills which
follow in the wake of y national policy
of stimulating industries. 1t causes
loss of capital because diverted from
profitable to naturally Improbable
channels of business. II results in loss
to labor also by deranging industries
and breeding shut-downs and strikes
The policy of the democratic party is
TO unhamper business and liberate both
the consumer and producer from all
burdens which mitigate against the
cost OF production or subtract from the
purchasing power of wages
The democratic policy is predicated
on the fact that capital is abundant in
the United States, that American in
vestors are bold and venturous and will
undertake at the earliest possible mo-
ment. without government encourage
ment. the manufacture Of any product
which promises profit The policy OF
the democratic party goes further. and
insists that where private capital is
timid and s.rrinks from investing the
government has no right to guarantee
such adventure against loss by putting
up the peoples money.
With a change Of policy, such as has
been promised by the democratic party
which promises should and must bs
I carried out to the letter-there viii
come more holiness in individual ven
ture: sclf-reliance will take the place O
| dependence, and as is always the case
where the individual is responsible
close and careful computations ane
strict economy in execution will rail-
business enterprise. Instead of deter
/ ring industrial progress, the demo
cratic policy will accelerate business
: development
; With free wool we will see new mill
' starting up to supply domestic trade
: while our older plants. whose exper
: fence and facilities enable them to com
I pete with the worlds markets, vii
: soon have their agents in foreign mar
: kets looking for business
) With the lowering of the tariff o.
r tin plates many small factories vii
= open, and those which were closed i
/ 1891 because of the increased duty vii
n reopen; the larger concerns will nee
|. to increase their output because OF tn
{ increased consumption which is sure
4 come OF lower prices on canned food.
/ Such, in brief, will hc the trend {
,. the manufacturing interests under tn
n new regime. We mast not expect
q spontaneous growth. but sturd
{ growth. We must not expect vast col
i solidated industries, but diversity {
. smaller Industries Such dcvclopmcr
+. will not breed barons, but 1t will el
J. rich the masses. -Thomas L. Buntin,
N in American Industries