New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-01-18
WILSON GETS A SETBACK.
HIS AMENDMENT TO THE WOOL SEIZED
ULE VOTED DOWN.
MR. SPRINGER PROroUNDs A NEW THEORY OF
THE BALANCE OF TRADE-PRosPERlTY HE
SAYS. SHOULD DE MEASURED By
THE EXCESS OF IMPORTS
OVER EXPORTS.

morning there good attendance on 'le "oo'
and in the public galleries At IL 10 the House wen
into Committee of the Whole 10 consider the WIZ
son bill Mr. Richardson Dem. Tenn took the
Chair and Mr. Morse (Rep. Mass) was recognized
He predicted disaster to the country as result oi
the passage of the bill. Mr. Cultivate u)em'
Ohio) followed and spoke In defence of the measure
Mr. Burrows Rep.. Mich) then read from stalls
tics to show that foreign trade and expectations
had increased under the full operations OF the NC
Kinley law. .
Mr. Springer Dem. I'D jumped 10 his feet with
the statement that the balance of trade between
1850 and 1860 under low tariff was IN FAVOR Oh inns
country. Several Republicans were alert at the
statement and all eager 10 contradict IL.
when Mr. Springer went to explain that what
he meant was that this country had bought more
than IL had sold and he thought the country was
so much better off by the excess Of importatons.
Derisive laughter among the Rtpubicans)
''Then the gentleman believes that 1t would be
10 the interest OF the country 10 go abroad Tor
everything we WANT asked Mr.. Burrows amidst
the laughter of the Republicans)
Mr. Springer explained that goods were source
of wealth desirable than money.
Mr. Hulick Rep.. Ohio inquired whether MT.
Springer intended to vote for the bill for the reason
that It would produce balance of trade against u.s.
ANXIOUS TO REVERSE THE BALANCE OF TRADE.
81 hope the time will when our imports shall
exceed ,ur exports" said Mr.. Springer in reply,
land as our income exceeds outgo We will grow
richer." o.-.....
viii the adoption of this tariff law result in the
balance Of trade going against us?" persisted Mr.
Hulick. " .
NO; not against this country: in favor of It,"
reiterated Mr.. Springer. I'VE VIII get more INTO
this country than goes out.
Mr. Dingley said the Democrats seemed to think
that every man consumer only. and that
they ultimately paid for their importations in
money only: but. a matter of fact they paid IN
labor as well In money. Contending against the
asa on that large importatons benefited the
country he said that If s2oO00oooO worth OF goods
were brought into this country, it was depriving
American manufacturers of sale of that amount.
and stopped work to just that extent Enthusiastic
Republican applause)
Mr. Hatch Dem, Mo- spoke in favor Of free
wool.
Mr. Bynum Dem. Ind) spoke briefly in favor
OF extending the time for the operation of the wool
schedule to take effect. He thought II better to
relieve the feeling Of uncertainty at present existing
by passing Mr. Wilson's amendment than to close
the woollen mills of the country during the next
six months, and throw their employees out of work.
Mr. Cannon (Rep.. I'D asserted that wool had
been as cheap in this county since the first of last
June as 1t could be bought in Australia. you have
discounted the fall in the price of WOOL he said.
turning to the Democrats land then why can't you
manufacture woollen goods as cheaply now as after
the FIRST Of August" He had opposed the extension
Of time yesterday because If free wool had to come,
1t might just we'll come then as later.
Mr. Call Rep.. Mass) spoke in opposition TO the
free wool clause.
HOW IMPORTS ARE PAID FOR.
Mr. Cochran (Dem. ~ " then recognized,
and said: "Nly friend from Maine (Nir. Dingley)
is always interesting and instructive when he
speaks, and is always correct except when he
labors under the stress OF party excitement He
asks. with an appearance of innocence whether it
49, To- han gold rhot
brings us back TO the proposition Of the gentleman
from Massachusetts Olr Walker) whether it would
be good thing for the country TO import S250OO90W
worth Of goods"
After thus stating his proposition. Mr.. Cochran
came to his conclusions. He held that the impor-
tation Of $3.50 900 900 worth Of goods could not occur
unless manufactured that much to pay for them;
that the importation of that amount presupposed
the manufacture Of a similar amount with which
70 pay for II. Democratic applause) He said that
when he invited gentlemen on the other side to
PROFOUND questions TO him the other day. he had
excluded the gentleman from Massachusetts (Mr.
Walker) from the operations of that invitation.
because the gentleman not governed by
the usual rules Of controversy and good sense.
Mr.. Cochran had proceeded only few minutes
and had propounded a question which seemed aimed
i would Suggest s' to ' the gentleman from Kew
81 want answer not a suggestion" interrupted
"oh. very well" said Mr.; Dingley somewhat net
ton in my own way, will take my time about
Mr. Cochran resumed his argument that the i'm
portation of $3.50 worth of goods meant the
portation Of an equivalent amount in goods or
If the amount of the goods had been imported it
ey be- BOUGHT h s
we m1st have got more goods for the s eS
worth ourselves And # we import more goods we
must manufacture more goods TO meet 1t and pay
Mr.. Wilson then spoke very briefly. giving his
reasons for Offering, the substitute. as appeared
amendments which were as follows
WOOL csuss Of he Ta BIZ
August l. 1884 Mr. Payne Rep, n y? offered l0 an
For these Mr. u ' Johnson n Dem Ohio, proposed
substitute providing that the clause should 90 into
effect Immediately after the passage Of the bill TO
the clause as OF December 81, 1889
FIRST DEFEAT FOR THE COMMITTEE
The vote was first taken on Mr.. Paynes amend
ment. and was lost by strict party vote. the
vote the division being Yeas, 81; nays, 15l; and
by telers: Yeas. Ss nays. 15i. The vote was then
taken Mr.. Bowerss amendment to the substi-
tute. which lost and then on the substitute
proposed by Mr.. Johnson. Contrary to expectation.
this agreed to a vote by tellers of yeas liz.
nays l02, reversing the vote on division. which
Yeas. 6S: nays 49, This the first defeat
for the Ways and Means Committee. and
brought about by a large number OF Republicans
voting in favor Of immediate enactment. The re-
suit was greeted with cheers
The next amendment submitted by Chairman
Wilson was one putting marine engines and equip
ments on the free list. 1t agreed TO.
An amusing diversion was created by Mr.. Walker
Rep.. Massl He bad been recognized prior TO the
vote on the last amendment. and had spoken for a
Few minutes before II became apparent that he was
speaking on an extraneous subject. This was a
reply to the references TO him and the lack Of
respect shown him by Mr.. Cochran in his recent
speeches. AS soon as the members realized that
there was something much on; of the ordinary going
on they crowded into the asles around Mr. Walker
and the space before the Speakers desk and for
nearly twenty minutes the fun fast and furious
and the House in constant roar OF laughter
Mr.. Walker, white with rage tore Mr.. Cochran 10
pieces metaphorcay. and al each OF his thrusts
there was a shout of laughter. in which the gal
leres Joined without let or hindrance from the
Chairman, who himself joining in the gen
erai merrment Throughout 1t all Mr.. Cochran sat