New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-10-12
INJURY TO BUSINESS.
JUST WHAT TIE INACTI)N MEANS

SENATORS ARE INJTRING MILLIONS OF rEF>oNS
10 PROTECT THOUSANDS.
One OF the committee which went TO Washington
10 present the petition of NewYork business men
for repeal. yesterday expressed dhe sentiment Va
the committee follows:
.In regard to this question OF repeal. ii seems
10 he the idea Of some of the Senators that the
Government of the United States has no right 10
paralyze the industry of 10000 people The present
position of the Senate of the United States Is one
that Is paralvzng. directly and indirectly me IN
dustres OF seventy millions Of people. Inc puS'-
ness that is being done Is in the neighborhoou 0,
one-halr Of what il should be. Mills are closed
throughout the country. throwing mlnohs Oh
people out Of employment and reducing the wages
of those who are working. reducing the price OF
the product Of the farmers and an uncertainty
now exists which has prevented the placing OF
orders for goods for spring delivery. IN all Kfus
and classes of trade What is the consequence?
There are to-day millions Of people IN TINS cou"-
try idle. Here we are at October H. at 'he De-
ginning Of a long winter the Golfers OF the wage
Garner exhausted and no visible means Oh suppo''
before him. all account OF the present a'tituue
of the Senate in regard to the Silver Repeai OIL
If "A body like the Senate so aid in the paralyz
ing of the industries of a great country ike OURS
the situation has reached a very serious point
Jf on the other hand. the Silver bill were re-
peaied. 1t would restore confidence ana prihs in'o
the market time money. which is absolutely re-
oured in running these mills. etc III "ouiu put
the wage-earner at work. and give him an oppor-
tunltv TO nav a portion of the indebtedness wnich
he has contracted in his idle months during '"e
summer and fall. and prepare him for the col''
ing winter. Otherwise we cannot tell what 'ie
consequences may be. 1t is pretty nara LOT
man 10 see mis- wife and children suffering WIN
hunger and cold and it is apt to make hih
DESPERATE and inclined resort TO extreme meas
ures Want on the part of a mans niue ohes'
to see them and his wife lack proper ioou' proper
fuel to warm them and proper clothing oeP'Ne'
him Of his good common sense ana reasoh 40 4"
rule and his responsibility ceases
Another important factor in the silver question:
is the enormous amount of foreign silver mat
comes to this country and is sold 10 our Govern
ment | know of one plant in Newark which
last wear produced seven million ounces or silver
from foreign ores; otherwise. ores produced III
Mexico and South America. When you take INTO
consideration the enormous quantity OF SILVER
that l. consumed in the arts in this country. are
YOU not of the opinion that If we mad duty on
silver nroduced of foreign ores it would enable
us TO consume the entire production Of this couhu!
at a good price, and prevent the inipo''i"s VI '
eign ores and refined silver?
IL WAS talking some time ago with some sehue-
mon who were at Brussels at the Monetary Noi
ference and they we're of the opinion That IL this
country would stop the purchase OF silver anu
make a loan of one hundred or two hundrsu nlio
IONS of bonds in gold and payable IN sod' .lese
bonds heing sold abroad on account OF TINS Coulti!
having little or no debt, would be soiu AT oiiSe e
and hiring an the foreign countries 10 tner
and we would come then 10 Iesltl..iaee ~ over
silver. equalizing the money question all o'e'
shs u,orld