The Providence news. (Providence [R.I.]) 1891-1906, 1893-11-25

publicans sat down to love feast in the
big Mechanics hall last evening. The
galleries about the hall were crowded with
several thousand more, while the air was
alive with enthusiasm. Governor Nc
Kinley OF Ohio was on the speakers plat
form, and he looked like man Of victory.
Tom Reed of Maine was there at his side
and Governor-Elect Greenhalge Of Mas
sachusetts. Governor Fuller OF Vermont
was near at hand and Congressman
Cousins Of Iowa was in the midst Of them.
Collector Beard was present, aud by his
side sat the venerable Senator Hoar.
Thomas N. Hart, ex-postmaster of Boston
and Republican candidate for mayor Of
Boston, also sat at the table reserved for
the principal guests, and President Bent Of
the Home Market club was the center of
them all.
After the dinner President Bent opened
the speaking with brief address. He
then introduced Senator Hoar as the first
speaker. Mr. Hoar said:
Senator Hoar's Remarks.
II don't think Just now that there is any
occasion for the Home Market club to dis
band. There is plenty of work for them to
do. The party that is In power is opposed
to everything like good government, and
opposed to every principle upon which the
happiness Of the employer or empN Js de-
pends.
"There are certain principles that the
Republican party stands by, whether in
victory or in defeat We believe that gov
ernment is failure unless every man re-
ceives n reasonable compensation for his
labors. We took this county SO years
ago, its flag dishonored, its bonds below
par, its credit almost gone, treason and
revolution rampant in IL states ont of 81,
and we left it at the height OF prosperity.
Eight short months of Democratic rule,
the apprehension of three years more of
Democratic rule, has brought us to our
present condition. 1t is the duty of the
Home Market club to do its utmost to
bring the country back to its former con-
dition."
Mr.. Mckinley was the next speaker.
His speech follows:
McKinIcy's Address.
"rhis 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
mankind. While the wants OF mankind
are the great factor in our industrial pros
perity, 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 IL because his Gus
toners want it and are able to pay him
for his investment with profit.
"If the great consuming classes are cut
off in their income and wages the mer-
chants sales decline, and when this occurs
the manufacturers orders decline, and
when they decline the demand for labor
declines and the workman's wages
decline. II capital cannot get profit out
of its investment it will not work, and IL
capital does not work labor is idle. When
labor is idle wages reach the lowest point,
even to the few who are employed. Cap
ital must have faith in the future. II
must be ablc TO calculate on the future. 1t
must know that what it makes today it
can dispose OF at n profit tomorrow, or
next week, or next month.
ut must be certain that no legislation is
to intervene which will injuriously affect
the value of the goods it makes nor the
market in which they are sold. Manu-
featuring industries have no assurance
today either as TO the price or the market
beyond the immediate present. IL they
turn n wheel beyond present orders they
are confronted with uncertainty and prob
able loss and capital, always sensitive,
shrinks from these, and while IL sits in
fear, labor sits in idleness The too com
mon expression that tariffs could not
affect my business" is little heard now.
Free trade or n revenue tariff is the
remedy offered by those who differ from
us on this economic question. More for.
eign goods and more easily TO be obtained
IS the prescription offered by our political
opponents as sure TO reopen our idle mills.
VIII It helpf VIII it do iti Free trade
cannot rekindle the fires In our factories.
Free trade cannot increase our production
ut home. Nobody advocates Il with any
such view. It's whole aim is 10 increase
foreign importations, which increase must
81 necessity diminish like domestic produc.
iion
"There can be but one of two results TO
follow the introduction OF free trade or n
revenue tariff. Either domestic produc.
tion will lie diminished, or the wages OF
labor will be diminished. or both, and
Jther or both are results which should
meet with prompt condemnation from the
great body OF the American people. Is
there any body any longer in doubt about
The real trouble In the country today7 The
President OF the United States in his
August message announced a great fact
Hesud:
"'is may be true that the embarrass-
meat from which the business n the
country Is suffering arises as much from
evils appreAeudea rs irom those actually
existing
This is true. Remove the apprehen-
sion of threatened ta.in legislation. re-