The Somerset herald. [volume] (Somerset, Pa.) 1870-1936, 1893-12-06
McEIHLEY'S GREAT SPEECH
THE HOME MARKET CLUB GIVE
THE CHAMPION OF PRoTEC-
TIOh A WARM VEL
COME.

The banquet of the Home Marke,
Club in Mechanics Hall, Boston, Friday
night Of last week, was one Of the finest
Affairs Of the kind ever Witnessed in
Massachusetts,, and was fitting climax
to the recent Republican victory in that
State.
| GOVERNOR MeKISLEYs WARM GREETING.
The scene when Governor Mckinley
arose to speak was indiScribable- The
people arose in a body, waving handker-
chiefs and cheering for several minutes.
II was fully five minutes after he arose
before the Governors voice could be
heard. His cIear-eut, incisise, logical
statements went home 10 every man in
the big audience. Here is what Govern
or Mckinley said:
Mr.. President and Gentlemen Of the
\ Home Market Club: did not accept the
invitation TO your annual banquet 10
/ participate in the speechmaking, but
rather to meet the men OF New England,
whom have so often met in social and
political assemblage before, joining them
not in exultatiOn over the recent victor
| les, but rejoicing with them in the geneF-
/ al good feeling over the exaltasion Of a
I great American principle. / come also
/ 10 felicitate with them over the patriotic
I victory so triumphantly wOD in the old
/ COmmonW ealth of Massachusetts IL
was glorious triumph for the true Amer
lean sentiment, for the labOrs and indus
tries 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 mere party victory. More
| and greater than this, II was victory Of
| the people, By the people, for the protect
| i've cause, which "a the peoples cause.
| This wear, in Massachusetts, as in Ohio
/ politics was business, and business was
/ politics, aud united they tTiumphed. IL
was discovered that business rests upon
confidence and cert3inty- Industry Is
/ only the agency TO meet the wants Of
mankind. While the wants Of mankind
I are the great factor in our industrial pros
| perity, the ability to crafty these wants
{ is essential. Iue manufacturer makes
/ cloth because the merchant wants II and
can give ample security for payment, and
the merchant wants it because his Gus
toners want It and are able 10 pay him
for his investment with profit. If the
great consuming classes are cut OFF in
their income and wages, the merchants
sales decline, and when they decline the
demand for labor declines and the work
mans wages decline. If capital cannot
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. II must be able I,
to calculate on the future. II must know
that what il makes to-day it can dispose
of at a profit tO-moTrOw or next week or
next month. Il must be certain that no
legislation is 10 intervene which will in I
juriously affect the value OF the goods it
makes or the market IN which they are
sold.
Manufacturing industries have no as
surance to-day, either as to price or the /
market, beyond the immediate present. /
If they turn a wheel beyond present or I
ders, they sre confronted with uncer- I
tainiy and probable loss, and capital, al (
Ways sensitive. shrinks from these, and /
while Il sits in fear, labor sits in idleness. |
The too common expression that 'taTins !
could not effect my business" is little /
heard now. The very threat of tariff 1
changes have been sensibly and injuri [
Ously felt in every industry and enter I
prise, and those who were wont TO regard /
protection as q mere bounty to manu-
facturers snd TO the la57r in protected /
Industries have come to regarl il as quite .
as essential to one occupation as another, /
and quite as necessary 10 the prosperity {
- # -.
LEss WORK MEANS LOWER WAGES
I cannot be mistaken that the most vi !
tai part Of the economic contest nov go
ing on is the question of labor and Wag-
Is. The more there is to do, the better I
wages will oe paid the less there il 10 I
do, the less wages will be paid for what .
is done. 1t is the more 10 do, not the /
less, that Is the patriotic striving of the /
people, and should be the ain Of al! pO- I
litieal parties. There viii be less to do al /
home, the more We have done abroad. !
The more free trade We have, The more /
foreign goods we viii have, and the more /
OF such goods We have in com petition {
with our own products the less We will /
make at home, and the less We make at /
home Il c less labor will be employed at I
home, the less wages viii be paid at 1
home, and the less wages paid at home /
the less wages will be spent at home.
Free trade or a revenue tariff is the /
remedy offered by thOso who differ from /
us on this economic question. More 4
foreign goods and more easily to be OBJ {
tanned, is the prescription offered by our /
political opponents a. sure 70 reopen our .
idle mills. Will it help? Will il do it ? /
Free trade cannot rekindle the fires in 1
l.
our production at home. NO5o dy ad- I
yocates it with any such views Its
whole aim is TO increase foreign impOrta-
ton, which increase must, of necessity, |
diminish like domestic production. There I
can be but one of two results TO fJllOw /
the Introduction Offree trade or a revenue I
-tariH Either domestic production will be |
diminished or the wages OF labor will be 4
diminished, or both, and either or both 4
are results whicl should meet with /
prompt condemnation from the great 4
body Of the American people Is there .
anybody any longer in doubt shout the
real trouble in the country to-day , The /
President of the Uaiied States in his
August message announced great fat
Tie said
at may be trIe that the embarrass-
ment from which the business Of the
country is suffering arises as much from
evils apprehs1det as from those ae.uAliy
existing"
This Is true. Remove the apprehen-
sion of threatened tariff legislation, re-
move thescare OF the promised Eree-trade
bill, remove the fear which has settled
upon every business interest, and con-
tidsnce will return. II was this fear
which found expression in the recent
elections Of the people, aud these, how
ever they may be regarded in certain
quarters, were an impressive protest
against the party which created the fear
We have everything this year we had
lasi, OUt good times. We have the same
men and the same money, the same ma
chinery, the same markets this year that
we had last but We have q new man
a2ement. We have the same people
with the same pluck and the same per-
severance and the same manufacturing
plants, but the people last year voted for
a change of policy, policy which pre-
vailed before the war, policy which
had not been in operation since the war,
which was not in operation during the
war, which old policy Is untitled to our
present conditions. II a full and Gee
expression could be bad there is scarcely
a State Of the Union which would record
its maiOrity vote in favor of free trade or