The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-01-15
Bourke Cochran ON the farm.

Bourke Cochran ON the Tariff.
That was an admirable speecl, which
Mr.. Bourke Cochran of New York
made on the Tariff bill in the House
of Representatives on Saturday. He
showed a broad understandiE of the
ubject, and a statesmaniike power of
a~ppYaisihg prospective results. Be-
sides, his faculty for rapid thought
and witty expression completely con
founded the rash republicans who at
tempted to hurry him with questions
and objections.
Mr.. Cochran expressed the opinion
that the Wilson bill would ia a very
short time produce sufficient revenue
for the purposes of the government. II
he did not Sc believe, he would not
vote for it. He scoffed at the assufBp-
ton that reduction in tariff rate
meant reduction in tariff income. On
tile contrary, he believed that the
breaking down of artificial barriers
would so stimulate trade hat in a few
years the question for Congress to
deal with would not be the supplying
of a deficit but the expenditure of a
surplus. In this remark Mr.. Cochran
condensed the experience oil other
countries. He showed how, in the
last half century. England had re-
duced her list OF datiable articles to
about six, while it had once contained
hundreds DR. even thousands. He
might have emphasized his point by
adding that, withal, England remain
ed not only the greatest commercial
but the greatest Industrial country on
the globe.
Then Mr.. Dingley of Maine ran foul
of Mr.. Cochran, and in doing SO laid
bare the underlying fatlaey of the
whole high tariff theory. Hefe is
the celloquy which took place be-
tween the two gentlemen:-
Commenting on the opposition to the psni-
ing bill. Nh. Cochran said that the objections
urged against il on the other side were two-
fold. One was that it would increase business,
and another was that it would decrease busi-
ness, and, strange 10 say, 10Th arguments had
been made by the same gentismaa-Mr. Ding
ley Of Maine.
II stated" said Mr. Dingley, shat If there
should be an increase of imports by $~2Jd.0oo.o0J
of such goods as We ougnt 10 produces Tor our
selves, that fact would decrease che production
of this country 60 the exteuG of Ss5l.UJ0,0D and
bring dismay. That was my statement
That Is much narrower than l understood
IT. Mr.. Cockraa said, 'oas I Will take it in its
atteuuated form. Aud what il the meaning OF
the gentienau's position? Ii We import $780,
OO0, 0g0 of goods, mast they not be paid Tor os
S25e,G00,000 of goods which We export?
(Depocratic applause).
this Gas experiences has demonstrated in the
pasts that IN the situation such as sketchei by
the gentleman from New Yer3 W. pay fos ex-
cessive iinportations, ovss and above expor:at
tions, by sending gold abroad for thsia from
this country" tepuaiican appiauss
''The gentleman, . said Mr.. COCHRAN. with an
air of triumph has come 70 tue p3tnt whers |
expected To go myself I expected TO show a
direct aosurd.ty ia his statelnens. and ire has
Laughter and applause on the Democratic
side On whas ba is can we expect TO c AIRY on
better to get money from abroad thru to get
goods? The gentleman from Mains tninx thst
il we havs a tribnte of $3.50. No.. 600 in nsoaey we
are better OF thaa II we have a triouss of S!5l,-
tC0,CHf in goods. Am l right in that?
No reply coming from MIR. Dingley, there was
an %outsitst Of laughter on the Democratic sids.
and Mr.. Cochran said: Tue gentleman not hav-
lug answered ma, his sileEes IL as eloquent as
his words" lLaughter.I
We quote this in fall because it is
both interesting and instructive. 1t
shows how we have been reversing
the natural law of trade, which ultl-
mateIy fevoIyes itself down into
barter. If we mean to sell, we must
buy. We cannot gradually fill up
other markets Will, our produce and
gradually gather all the cash in the
universe into our own realm. Tits
@hvious that if we do not send theu1
products, other countries will soon
stop buying from us and go elsewhere
to find reciprocal trade. On the other
hand, tle congestion of our own
mutations of cash brings ruin, not
benefit. 1t brings the curse of over
cheap money bursting out of the
banks to launch all sorts of rash and
premature speeulatiens; it builds
railroads that never pay, mills that
v prosper, houses that remain
unlet. and hopes that end in bank
ruptey and desolation.
Leu QS SmS a5' hSSBf bffS fhdbufIci Fetef-
tions OF things as possible in our ma
tional policy. Let eoasraefce ebb and
flow ia its own way; let industry
grow aFrd develop by healthy and
natural stages. Allows all things,
let US have a speedy end of the
} present artificial and unnatural un-
certainty as to commercial values.
Let us know how much q. pound of
wool is worth and a ton of pig IRON
Let our manufacturers know at once
what they can bay their raw materials
for in the nexs year DR. two, and let
them know what prices they cam hops
70 get for their cloth and muslin and
tin cans, and knives and plough
shares and steel rails and boiler plates.
Give them a chance to buy material
and make up d stock. Give business
d chance TO get moving again. 6ive
the workmen q chance to earn some
wages, and tile stockholders q chance
fo rain n dividend.