Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1893-11-25
NEWS By TELEGRAPH.
= From ALI Quarters.
WAGES Will Be REDUCED
Governor Mckinley Sounds
a Warning Note.
A FIRE PROOF BUILDING Quilted.
Two Theaters and a Hotel
Were Destroyed.
An INCOME TAX 4 GTRTAIa FACT.
Such is the statement of
MIR. McMillin.
An INCOME TAX 4 GFRTAIa FACT.
oHEEaED TO THE ECHO.

CHEERED TO THE ECHO.
Governor Mckinney Received Will
, UnbOunded EnthusiasnE at the Ban
quet OF the Home Market Club In
BOstOn-Ais speech was Frequently
Interrupted with Continuous APP
plause and Cheers-He DwelIs a
Great Length on the Tariff Question
and Urges All His Hearers to stand
| by Protection as in the Event OF
Anything Approaching Free Trade
Disaster will surely Follow.
Boston, Nov. 24.-More than 5000
people crowded Mechanics hall this even,
ing at the dinner of the Home Market club
to Hon. T. B. Reed of Maine, Governor
William Mckinley of Ohio, Governor-ele
Greenhalge of Massachusetts,, Hon. Robert
G. Cousins of Iowa, and Hon. Mahlon
Chance of New York. Before the dinner
a reception was held in the north part of
the building which was drspsd with flags
and bunting.
Shortly before $50 dinner was served
In the main hall where covers had been
laid for / $50. In the center of the regu
lar platform was placed the Germania band
and the Boston Republican Glee club,
| colored, which rendered concert while
| dinner was being served. The rest of this
| platform was reserved for ladies. The
speakers stand was placed in the center of
| the left side of the hall which WAS elabo-
rstely decorated with national colors and
| patriotic emblems and portraits of preei-
dents and statesmen, among which the
most prominent were those of Mckinley
/ and Reed.
Hon. W. Il. Bent of Taunton, president
| of the club, sat at the center of the speak
er's table and presided. With him were
/ seated, on his right, Governor elect Green
halge, Governor Mckinley, Hon. Mahlon
Chance, Collector A. W. Beard, Hon.
his left, Senator Hoar, Hon. Thomas B.
Reed. Hon. R. A. Cousins, Governor Levi
z, Fuller of Vermont, and Hon. W. A.
Russell.
At 7:45 President Bent made brief
speech of welcome. He was followed by
Senator Hoar, who was greeted with rising
cheers. Ths speakers references to Messrs.
Reed and Mckinley were loudly applauded,
and when Governor-elect GreenhaIge, who
was the next speaker, praised the statesmen
from Maine and Ohio the audience dis
abated throughout the evening.
At the close of Mr.. Greenhalge's speech
President Bent, in few well chosen words.
introduced Governor Mckinley. The great
assembly rose and cheered him again and
again.
Governor Mckinley opened his address
with reference to the victory of the repub-
lIcan party in Massachusetts,. He said:
''It was glorious triumph for the true
American sentiment, for the labor and in
dustries of the state, for the patriotism OF
of the mighty election achievements of this
great mother-stste. 1t was not mere
party victory. More and greater than this,
it was a victory of the people, by the
people, for the protective cause, which is
the peoples cause. This year, in Massa-
chusetts as in Ohio, politics was business
and business was politics, and united they
trinmphed. It was discovered that bust
ness rests upon confidence and certainty.
"Industry Ia only the agency to meet
the wants of mankind. While the wants
of mankind are the great factor in our in
dustrial prosperity, the ability to crafty
these wants is essential. The manufac-
turer makes cloth because the merchant
wants 1t and can give ample security for
payment, and the merchant wants it be-
cause his customers want it and are able
to pay him for his own investment with q
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; workmen's wages decline.
'tIf capital cannot get profit out of its
| investment 1t 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 1t can dis
pose of at profit to morrow or next week
| or next month. 1t must be certain that no
| legislation ia to intervene which will in
| iuriously affect the value of the goods 1t
| makes or them arket in which they are
| sold. Manufacturing industries have no
| assurance to day either as to the price of
| the market beyond the immediate present.
If they turn a wheel beyond present or
| ders they are confronted with uncertainty
and probable loss and capital, always sem
sitive, shrinks from these, and while it sits
| in fear labor sits in idleness.
| "The too common expression that tar
ifs could not affect my business is little
heard now. The very threat of tariff
changes has been 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 1t quite as essential to one occu-
patton as another and quite as necessary
| to the prosperity of one branch of busi-
/ ness as to another. I cannot be mistaken
that the most vital part of the economic
contest now going on is the question 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. It is the more to do,
not the less, that ia J the patriotic
| striving of the people and ehould be the
aim 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 have and the more
of such goods we have In competition with
our own products the less we will make at
home, and 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. =
Gree trade or q revenue tariff, Is the
remedy offered by those who differ from
MS on this economic question. More for
eign goods and more easily to be obtained,
Is the prescription offered by our political
|
mills. Will it helpi Will it do ita Free
trade cannot rekindle the fires In our fac
tories. Free trade cannot increase oul
production at home. Nobody advocates II
with any such view. Its whole aim ID
| to increase foreign importations, which in
crease must of necessity diminish like do
nestle production.
"There can be but one of two results Il
follow the introduction of free trade or
revenue tariff. Either domestic produc
ton will be diminished or the wages O.
labor will be diminished, or both, ant
either or both are results which shoult
meet with prompt condemnation from tn,
great body of the American people
there any body any longer. in doubt abou
the real trouble In the country to. day. Tn
president of the United States in his Au
gust message announced great fact
"He said: 1T may be true that the en-
barrsssment from which the business o
the country is suffering arises as mucl
from evils apprehended as from those &C
:. tually existing E
'tThis is true. Remove the apprehen
sion of threatened tariff Legislation, remov
the scare of the promised free trade bill
remove the fear which has settled upo
every business interest, and confidence vii
return. 1t was this fear which found 81
9 preston in the recent elections of the Dec