The Providence news. (Providence [R.I.]) 1891-1906, 1893-12-19
Defended BY tbs Assistant Secretary
Of The Treasury.
TIE ELEMENTS OF UNCERTAINTY
Wll spscdny nisnprrar when Eencil $
Are AoaiIzsd EriGat Hopes That Are
>,iil Iivid oot bg the Democratic
Iraanis.


nieht tao orgaaizalioa lartook of its
annual Banquet. The guest Of the club,
hon. Charles q. Iiamlns assistant score
tary Of the trsasury, was the principal
frea&cf oi 1n1 evening. and s00of Massa-
ehusetts representative yonng Democrats
Chez q his rtmrrka upon the Wilson bill,
which WIS q lr principal subject OF his dis
course
Other speakers were Eon. John f. Rus
sell, the rariys defeated candidate for
governor ai Che as' !: ecsioni Hon. Josiah
Quincy, Mayo Mathews and Hon. John
rW. Corsoran.
Hcary w. Leah, ireaanrcr Of the club,
oraaea the e;sarcisss. ana was followed by
Mr.. Rsssell. who aersily stated he had
not takea his Gtf~at M heart lie then
took upthe GEanslal dcprssion, and in
disc1issing tais said that ba.ier times were
coming ard With IL Democratic success.
H. was followed by Mr.. IIan,in, who
said:
Setback T. Cnly temporary.
Ccnccrning the elation of November he
fald: ''Oae coanos help receiving inspira-
tionwhen c91siaerng the grand struggle
through NhicA we have recently passed in
this connopwcfith, y Struggle in which.
to he surc, oar cause receivei setback,
brit which ..ill ge-ve as the rieasnre OF
Asw,fs and decisive victories which yet
arait us in the contest for principle aud
truth. Tha Democrats of the whole conn
trv are deeply grateful 10 our gallant
leader We know thct his defeat was not
personal: It was the temporary setback Of
the peoples ca.:se."
NJ. HgmIin alluded 20 the statcsman-
Ike sccdErsiaip OF the president and 90 the
ability OF the secretary OF the treasury and
gryc credit "a the Rerahlicans for their
assistane, ia r,peal.ns the silver law of
their own making.
5 ''Since the paa;c hrs glbsided." !" said he.
sthe Republicans have found that it wa9
caused by the fear of tariff reduction. It
would be surprising IL, after having de-
libcrately adjutlgcl chat taxation must
be reduced, our people should suddenly be
thrown into spasn upon the action Of
congress in doing Witt Thty deliberately
! directed il TO do. To be sure there is an
element of uncertainty in all changes OF
*taxntion which must temporarily en-
barrass industrial activity, but this Will
speedily disappear in the great gain sure
D TO follow such n genuine measure of tariff
s reform "a Is contained in the Wilson bill.
or Advantage TO LaiJorers.
''Our. political opponents talk of the
lower tariff cutting down their laborcrs
h wages, saying nothing about their own
/. profits. But the laborrrs remember that.
che Mckinley bill did not increase their
wages, and they viii shortly find that the
Wilson bill will not diminish them The
Wilson bill will doabie the work 20 do,
twill create foreign markets, aud. stimu-
lated by the advantage os cheap raw ma
tcrials. oar industrial activity will be
maryellously quickened.
NcKsnleyism Is not the proper standard
even OF THE doctrine OF profession. In
1852 p-otectionist congress appointed
commission, made up mostly Of high pro-
tectionists. which recommended many
radical reductions from the old tariff
Their report was mostly disregarded, but
It Stands ~ their idea OF n proper tariff
Since this report IL years have elapsed
No Que can deny Tint In this time we have
advanced greatly in industrial skill, and
have gainri appreciably over our foreign
compstitors that relatively we are in
flnitely nearer the goal looked forward 10
by President Garfield, when all trade
could be untrammelcd and free.
Reductions Are Conservative.
"Comrarirg the Wilson bill with the
report OF TIE commission of 1882, Il will
be found thst IN the main IL is little more
than conservative reduction in the rates
recommendel ia chat report Ii contains
new fenturos III the SHAPE of remission OF
tnzv1 on many so-cR'led raw materials.
hut in The rlaia. after allowing FOR the re
moval OF so-ealicd compensatory duties.
il is simply tie * saction which 10 years
of industrial &-lX.li.Ge- ll-innast- -eaT-
tairly justify IN any nation not actually
refrygreksinf.
ITO be sure the rates in the Wilson hill
were detern.nss hy principle differing
radicAlly from tkat OF Che report OF 1882
bat tbs redustion is Conservative amd will
enahlc cxisisrE industries 70 be gradually
pdapscd TO aew condit;oas which must
uItinsatcly give them increased strength
Ind vipor
Genaiuc tariff reform will also 20 far
20 settle the so-called money question
The wage-rn-ners know that under exist
ing conditions they do not realize the
fail reward FOR rhsir toll. and when they
see this the whole problem becomes clear
High Protection IS inirenched behind
powerful Interests Almost instinctiyelv
popular feeling. running along the lines
oi the least resistance, endeayors 10 over.
soH tae 5'irlca "a hnagtl taxation by
eheapenins tle mcasurr OF value itself.
Reform Nni Come.
But n the last national election the
,o2,e decreed emphatically that decrease
- taxation and not cbeapening the unit
Of value was the true and only way 10 re-
Neye existing industrial inequalities.
True tn this Mandate tbs Democratic
Isrty viii ipfDrm cur unjust tax system
md she struggle will add new Murels to
the fnn,e Of our great party, is able clo-
pnerf leaders and is great chirf Presi-
dent Cleveland"
Josiah csincy. ex-assisiant secretary of
tate. spoke next lie said that pr, sidcnt
Cleveland told him the other day that
John y. Russell was one of the ablort
Democrat leaders in the country. Air.
Quincy soid that he believed The setback
The pafty received az The last election was
piece Of rare good fortune. Ta. parry
hnd still three years before Il 90 make up
for is~t poeliion. Judre ). W. Coreoran
oud o.hsrs also spoke.