New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-05-02
XIII ok pONIPONT.

Friends If ihr Wilson bin confess that it' Sit
nation s, critical The a~>nraucn, 80 carefully
urblishcl all over 'hc lnnl THAT % new com
promise la, made the bill satisfactory 20 ever
Democratic Senator were plainly mtrI". aud
seem 10 have had no HIGHER motive than th"
marketing 81 certain trust stocks lr Senatorial
and other spectators ~ lh' gambling ends
I'm profitable unloading III" fact gets out that
the Senators who wcr" +" be- apprl>"d 10y con-
ccsslons are still in the attitude Of oliver Twist
asking for more and determined 10 rcr nj th'>
can. while some # thrrr continue to declare that
they cannot be- apprI,rd 10y any modification
Of The income tax. bat will have IL excluded
altogether or they will vote against he bill
But his f. precisely the condition which cN-
listed month ago. On the other hand. ih" con
crssions already granted make it uncertain
whether the bill can got The votes Of hai"rS of
trusts and Of property and ultra Free Traders
willie some Democratic Senators continue 10
declare that they will not vote for ia" bill if the
income tax is omitted
Just AZ This critical stage some importing
houses and selling agents If foreign manufaci-
urcrs. with agents of steamship companies. pro-
fcsslonal Free Traders and persons who have
received Offices or favOrS from the AdminiStrl-
ton rush forward ~ the business men Of New
York. and beg Congress 10 pass the bill with
or without an income tax and without regard 10
details or 10 Senator's Hill. Murphy Smith ana
others. Apparently personal spite at iii" New
York Senators has been behind the call for a
public meeting ana II may have exactly IN"
influence which the importers In particular do
not desire Senator I'LL may conclude that he
cannot afford to bee bullich or frightened into
rccantaton, with the great body of Demo
cratic workingmen looking to him for relief
Elaborate preparations and an imposing meet
ing. while the income tax is still in the bill and
its other details are unsettled or unknown. are
about as likely 10 hurt rs to help the measure.
The sole prctcxt for urging the support Df this
offensive and disturbing bill Is that uncertainty
would be removed by its passage. and business
would then revive BIT uncertainty would be-
equally removed by Il vote 10 XIII the BILL or 10y
poStuonng all action on il until the next session
Of Congress- after the fall elections business
would revive more quickly and surely except
that Of importing agents If ii were settled that
there could be no change. If senator Hill
should propose 10 let the people be- heard and
should move 10 postpone all further action on
the tariff until December the importers and the
professional Free Traders would rave. but
would not nine Democrats out Of ten in New
York cry out for JOY?
Let the facts be faced. At the utmost about
twO-thirdS of the iron and steel. WOollen and
cotton mills are now in operation. But II il
possible 10 operate 80 many only because wages.
cost Of materials and Of transportation and
profits Of employers have been reduced beyond
point NJ which the industries can permanently
continue Thus with iron ore delivered at
lower lake ports for 81 - per ton. "A large pro-
portion Of the mines and transporting com
panies would be virtually bankrupt With coke
selling at 90 cents, the coke making companies
welcome Il strike for higher wages which stops
production without profit. With wages from
- 10 40 per cent lower than in 1872 and with
coke and ore unusually cheap. about two-thr,ls
Of the iron and steel workers find emplovmcnt
but many Of them would strike If present wages
were proposed as permanent. Were the pend
Ing Iarin bill In operation some part. and prob