The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1893-11-28

Gov. MCKINLEY, of Ohio, delivered an
eloquent address before the Home Market
Club, Boston, on Friday evening. He
said
"Mr. President and Gentlemen of the
Home Market Club: | did not accept the
invitation to your annual banquet to par
tlcipate in the speechmaking but rather
to meet the men of New England, whom
have so often met in social and political
assemblages before-joining them not in
exultation over the recent victories, but
rejoicing with them in the general good
feeling over the exaltation of great
American principle. | come, also, to fe-
licitate with them over the patriotic victo-
nv SO triumphantly won in the old Com
monwealth of Massachusetts. 1t was a
glorious triumph for the true American
sentiment, for the labor and industries of
the State, for the patriotism of the country,
and will rank with the best of the mighty
election achievements of this great mother
state. 1t was not a mere party victory.
More and greater than this it was vic
tory of the people, by the people, for the
protective cause, which is the peoples
cause. This year, in Massachusetts, as in
Ohio, politics was business and business
was politics. and united they triumphed.
1t was discovered that business rests upon
confidence and certainty. Industry is
only the agency to meet the wants of man
kind. While the wants of mankind are
the great factor in our Industrial prosper
ity, the ability to crafty these wants is
essential. The manufacturer makes cloth
because the merchant wants it and can
give ample security for payment, and the
merchant wants it because his customers
want it and are able to pay him for his IN
vestment, with profit.
If the great consuming classes are cut
off in their incomes and wages, the mer-
chants sales decline, and when they de-
cline the demand for labor declines and
the workmans wages decline. If capital
cannot get profit out of its Investment it
will not work, and if capital does not work
labor is idle. When labor is idle wages
reach the lowest point, even to the few
who are employed. Capital must have
faith in the future. 1t must be able to
calculate on the future. 1t must know
that what it makes to-day it can dispose
OF at profit tomorrow, or next week, or
next month. 1t must be certain that no
legislation is to intervene which will in
iuriously affect the value of the goods it
makes or the market in which they are
sold. Manufacturing interests have no
assurance to-day either as to price or the
market beyond the immediate present.
If they turn wheel beyond present or
ders, they are confronted with uncertain
ty and probable loss, and capital, always
sensitive, shrinks from these, and while
it sits in fear labor sits in idleness. The
too common expression that Tariffs
could not affect my business" is little
heard now. The very threat of tariff
changes has beer sensibly and injuriously
felt in every industry and enterprise, and
those who were wont to regard protection
as a mere bounty to manufacturers and to
the labor in protected industries have
come TO regard it quite as essential to one
occupation as another, and quite as nee
essary to the prosperity OF one branch of
business as to another. | cannot be mis-
taken that the most vital part of the eco
nomic contest now going on is the ques-
ton of labor and wages. The more there
is to do, the better wages will be paid the
/ less there is to do, the less wages will be
paid for what is done. 1t IS the more to
do, not the less, that is the patriotic striv-
| ing of the people, and should be the ann
of all political parties There will be less
| TO do at home the more we have done
abroad. The more free trade we have the
more foreign goods we will haye, and the
| more OF such goods we have in competl-
ton with our own products the less we
will make at home; ana the less we make
at home the less labor will be employed
at home and the less labor employed at
home the less wages will be paid at home
and the less wages paid at home the less
wages will be spent at home. Free trade
or revenue tariff is the remedy offered
by those who differ from us on this eco
nomlc question. More foreign goods and
more easily to be obtained is the prescrip-
ton offered by our political opponents as
sure to reopen our idle mills. Will 1t
/ help2 Will 1t do it2 Free trade cannot
rekindle the fires in our factories. Free
trade cannot increase our production at
home. Nobody advocates it with any
such view. Its whole aim is to increase
foreign importations, which increase must
of necessity diminish like domestic pro-
duetion. There can be but one of two re-
suits to follow the introduction of free
trade or a revenue tariff Either domes-
tic production will be diminished or the
wages of labor will be diminished, or
/ both, and either or both are results which
should meet with prompt condemnation
from the great body Of the American peo-
| pie. Is there anybody any longer in
doubt about the real trouble in the conn-
try to day? The President of the United
States in his August message announced a