The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-12-30

LAS uelnOfauZeu our business, commence Is
destroyed, and until this tariff matter is de
termined I cannot be sanguine as to a favor
able spring trade"
AND THE WILSON BILL.
Congressman Fielder did not talk at
length when saw him. He attributed the
present condition of affairs partly to the un-
settled tariff issue.
81 believe that the condition of the coun-
try will be no BETTER" he said, 'sbefore
spring, and with the general revival of bust
ness that always accompanies spring and the
tariff question definitely settled, / nave no
doubt but that prosperity will be the result.
1t is too late in the season now for anything
that Congress might do to be of benefit be-
fore spring."
What do you think of the Wilson bill?'
the Congressman was asked.
sin a general way it is a good bill, but it
contains some clauses and provisions that are
detrimental to the interests of my constitu-
ents and in caucus | shall insist upon these
clauses being modified. / will make this in
sistment and reserve my right to vote as I
please when the bill comes up.
JOHN EWING VERY PEF
Mr.. John Ewing of Ewing & Co., drug
gists, believes that business will be brisk in
the spring. ''There is a slow but steady
revival of business in all parts of the coun-
try" said he. When there is such a strin-
geney IN the money market as we have Just
experienced there is bound to follow a stag
nation of business. Failures of banks, rail
roads and other enterprises in which
moneyed men sustain severe loss, tend
to create a paDicky feeling and
investors become chary. When the moneyed
men become treasured, then will business
again pick up. Legislation may effect some
enterprises, but as a whole it does very little
damage. An industry which is supplying a
demand where the demand is liable to in
crease rather than decrease, win not shut its
doors because of any legislation which may
slightly curtail its revenue. The business
will be gone into on a larger basis and the
decrease in profits gained by the greater
bulk of business.
IL is a fact that BUSINESS is picking up and
| anticipate in a few months seeing business
return to its normal state. Investors are
not willing to allow money to lie idle even
if a percentage of one two OF three per cent.
is to be gained on a safe investment"
C. j. CRoNIN'S OPINION.
1.-THE outlook for an increase in business in
the spring is not of the brightest, said G.. j..
Cronin yesterday. Business in the real es-
tate line has been discouragingly dull. There
is absolutely nothing being done. Some
few people nave sacrificed property, but not
many. Property owners DESTROYS of selling
are naturally holding on, a%nxiously awaiting
a time when the present stagnation will pass.
Politics has nothing to do with our present
stagnation. Just such revolutions as
these must occur in the financial world
and they are always in a way beneficial. OF
course, while on there is a lack of money.
and, as a result, lack of business; but the
revival that follows is almost in the line of a
boom. Our country cannot recover in a day
from such a struggle as it has passed
through. 1t will take months, and when all
this talk about contemplated legislation and
reduction of the tariff ceases ~andinvestors be-
come treasured, away we will go again as
merrily as ever. There is too much money,
too many investors, too great a demand and
too great a growth in this country for the
present condition of affairs to stay with us
very long. Mex fall. or perhaps by the
middle of the umlner everything will take
on a new life and this trouble will soon be
forgotten"
ENTHUSIASTIC FOR cLEvELAND's TARIFF
POLICY.
Superintendent Daniels of the Lings Spin
ming Mills, of Greenville, said that he be-
lieved the present business depression is due
to the uncertainty of the tariff question.
'We are not running with our full force of
employees" said he, but this condition of
affairs cannot last lodg. The market is not
by any means glutted. 1t is prac-
tically depleated, and the demand for more
if passed may hurt our business at first, but
it will not be so long. The great trouble at
present is that we are shut in by a high tariff
wall and are unable to compete with other
counties. The sooner this wall is torn down
the better it will be not only for the manu-
facturers but for all the people. TIL more
free our is the greater win be the
prosperity of our country. 1 firmly believe
that tariff reform judiciously administered
according to the ideas of President Cleveland
would benefit every line of business.
What the manufacturers of this country
want is competition with other nations.
The present dizziness is a disgrace to the
country. Last summer was an excellent one
for business. The harvest was great and
our manufacturers should be ashamed to al
low things to come to the present stage when
there is no reason for it. | do not see why
there should be any anxiety about the tariff.
President Cleveland clearly outlined his
policy in his last great message.
l am neither a democrat nor a re-
publican, and as an independent voter I must
say that, Judging from a manufacturers
standpoint, MI. Cleveland's message is the
most remarkable and convincing document
that has ever been given to the people of
this country. His tariff policy, if put into
operation, would in a few years put this
country where it ought to beat the head of
all nations. Our resources are greater than
any other country, and no one could COM
pete against us. The only disadvantage that
we would have to contend with is the alb
sence of a merchant marine; but knock
down the wall that is inclosing us, and we
will soon get it. Give US an oppor-
tunity to do some trading with people out
side of the United States. If the Wilson bill
were passed finished yarn would be allowed
to come in here cheaper than it does
now and for a little while we would suffer.
But we would soon give the manufacturers
who export yarn here a lively chase. They
would not have the field to themselves very
long. The manufacturer of this country
with the great resources to back them up
would beat in honest competition every
foreign manufacturer"
RINGLE BLAMES THE WILSON BILL
Il am a protectionist,n said Mr.. Jacob
Ringle. Contemplated legislation is de-
pressing business. This Wilson bill is nav
ing its bad effect. Money is not being in
vested and when that important factor of
trade is kept tied up there is no business.
There will, | believe and hope, be a change
in the spring.
ALEcK M'KENZIE's SUGGESTION.
Business is very dull said Mr.. Aleck Nc
Kenzie, ant has been so since last Nav. SIN
my opinion the spring trade will be no bet
ter. This ak about the scarcity of money
is all bosh. There is plenty of money in the
country and the statements of banks will
bar me out in this.
THE trouble now is pending tariff legisla
ton. 1t is the uncertainty which prevails
that is causing this depression. sThese hard
times give rise to a matter which must be
considered at no late date, and thai is in
creasing the term of office of the President.
In 1888, when there was a change of admin
istration, it was followed by depression. In
the depression. These changes are running
buSineSS.n