The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1893-09-22

4 Business View of the Present yinansim

4 Business View Of the Present. Bs.aasi6I
sltuatioa.
The New York Tribune cartoons .
crowd Of workingmen waving hats and
shouting in 1891 To a speech by Waiter.
son proclaiming free trade and de-
nouncing protection, and, as q compan-
Ion piece, represents the same crowd In
1905 detected. leaving the yards of the
closed mills They wanted . change"
They got it." This Is but q variation
Of o story that we are hearing much OF
in these days of financial stringency.
Dcmagogues are trying to exact from
the common misfortunes what Of cap
ital for their party they can; wfeckers
lining the storm-beaten beach gather
ing the Aotsam.
A year ngo the Boston Herald report-
ed the remark Of one Of the most az.
tensivc manufacturers In the state who
said: I'VE win elect Harrison, but we
are going TO have serious trouble. We
are manufacturing too much" mother
words, the manufacturers had caught
the speculative spirit or had been
caught by it, and were discountinR the
markets.
Thomas Dolan Is q manufacturer of
woolens. largely of plushea, in Phils-
deiphiA He IL also president of the
MausfacturerS club of that city, which
claimed 70 have furnished tho means
which elected Harrison in 'ss. His club
publishes the Manufacturer, q journal
devoted 10 maintaining the theory that
. nation Ests rich BY taxing its citizens
Mr.. Dolan, IN IN interview in the In
quirer, says II believe that the do
precision is almost wholly due to the
silver policy. II the alarm was due to
the victory Of the democrats, why was
not manifested last November? The
people knew then, as well - they know
now, that it war within the power Oh
she new administration7to repeal tho
tariu laws, yet no uLeasiness was felt
In fact, the WOODEN business went along
until the LIST Of July"
Tho Boston Herald supplements Thu
positive statement of q man who is IN
> position to know what he talks Of
"a staainch republican protectionist--
With the gentler process Of persuasive
What would have been
The result had there come no financial
depression bat with radical changes in
he tariff impending? Naturally. man.
afaeturers in the lines affected would
nave begun to diminish product This
would have brought about discharge
II workmen by either q stoppage OF
he works or a decreased output job
,ers and wholesalers would have
bought only for present needs, and re-
alters would have sought to decrease
tocks, all preparing for cheaper prices.
The same motive would have impelled
consumers to make their wants wait
or the expected reduction.
But what would have been the none.
airy effect of this? The unused money
would have accumulated in the savinQs
md other banks Manufacturers, Job
'ers, wholesalers and retailers would
ave needed less money 70 transact their
business The consumers
4 the nation would have increased
heir holdings Of money by their saw
ngs. There would have been . glut of
money. Bankers and brokers would
ave been hunting investments. Stocks
vould have risen; enterprises needing
1ore capital could have had it; railroad
chemes would have met with encour.
cement No industry not dependent
a the tariff for its profits would have
cen injured, on tho contrary, such
'ould have been benefited by the in
reased financial facilities 1t their com
land. There would be now no question I
money to move the crops; business
'ould not be checked for want of means 9
carry it on; money would be rushing :
ON the centers TO the extrcmities, 9
uniting Investments
Thus. by the assurance Of business !
ian who talks from his standpoint and .
ON the point of irrcfutable reason, It
clear that the tariff has nothing to ?
, with the monetary situation, sundry {
statesmen" to the contrary notwith-
anding. st Paul Globe.