The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1894-04-02
Thus leaving surplus of over twenty
nine millions


THIS SURPLUS SOURCE OF SAFETY.
ssThere is no terror to u.s." he said, sin
surplus like this. On the contrary, it is
source of safety and can at any time be
wisely and honorably devoted to the best
purposes of good government, the payment of
debts and the stoppage of interest 1t can
also be reduced by revision of tariff rates
whenever found necessary. Ny greatest ap-
prehension in public affairs is deficiency in
the finances and consequently in the power
of the Government to maintain its honor
and to hold its head among the nations of
the earth. On this point we feel that we
have made the future secure, while at the
same time we have made lighter the burdens
of the people"
M'KINLEY LAW AN UNSAFE MEASURE.
Passing to q general discussion of tariff
questions, Mr. VOORHEES, said
ssThe most needed feature OF tariff taxa
ton is permanency. at reasonable rates of
revenue, and with a due regard to the busi-
ness and commerce of the country. The No
Kinley law was necessarily an unstable, un-
safe measure; it was reckless, foolhardy
experiment on the forbearance of the Ameri-
can people. Our purpose is to replace the
law of 1890 with a measure Of reform,
safe, conservative and harmonious In itself
and to which all the wholesome and legiti-
mate industries of the country will speedily
adapt themselves, and tenaciously cling for
secure development and undisturbed growth
in the future. If this can be done without
needless delay, an era of prosperity will
dawn upon ali the diversified interests of the
country such as has never been surpassed in
our history"
He said he stood there to deny that 1t can
be shown anywhere since the Republican
party came into power thirty-three years
ago, that the wages of a workingman or
woman in furnace factory or deiving mine mine
has ever kept pace with increased tariff
rates, or indeed had any increase at all, on
account of high protective tariff legislation.
THE wAGEwoRKERs RIGHT.
What the wageworker wants and of right
should have, is not the false promise and
false pretence of manufacturers pleading In
his name for their enrichment, but the solid
protection of law against the instability of
his contracts, the uncertain duration of his
employment and the fuctuating rates of his
Mr. Voorhees, defended the ad valorem
duties as against the specific tax, and he dis
c,1ssed at length the Walker tariff and its
effests. and then came down to closer view
of the details of the pending bill. He de-
clared that on the subject of sugar the Nc,
Kinney law was a juggle and fraud and
was intended as such.
Absolute free trade In sugar is an attrac-
tive theme, but no such thing has ever exist
ed for single hour since the organlzatlon
of this government. Al moderate duty has
always been imposed on sugar, and it has al
ways been stanch revenue support
to the government. The fact that
the duty tax on sugar has enured
more to the benefit OF the revenues
of the Government and less to the profits OF
priyate parties than any other tax known to
tariff legislation, may be stated as the main
reason why the Democratic party has never
made an issue against it.
It is conceded by all parties that the duty
paid on imported sugar goes more fairly ana