New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-01-20
THE PANIC OF LABOR.
4 REPORT FROM THE COMMITTEE OF
THE REPUBLICAN CLUB.
PROTECTION DEMANDED AS A MEANS OF RE

PROTECTION DEMANDED AS 4 MEANS OF RE
srop1vG BUSINESS AcT1vIrY-vIGoROUs AR
RAGNMENT OF THE WILSON BILL
The Republican club has issued the report OF
tba Committee on the Panic Of Labor. The
committee consists of the following members
of the club Edward Il. Harper chairman; a
H. Steele. secretary; Louis H. Stern, treasurer
John Sabine Smith, member cX-ofico; Robert
T. Porter Ellis II. Roberts, Seth H. Mllllkeh'
Henry Gleason. James Talcott. George ii. rage
Isaac r. Stoddard, Charles II. Treat, John a.
Cockerin. Henry l.. Einsten Mahlon Chahce'
Charles A. Murray, James T. Foster Henry H.
De Milt. William Leary. Thomas b. Odeil and
w De Lancey Walbridge
The report is. in nart as follows
Your committee. realizing the deporable results
TO labor OF ten months OF Democratic SUPREMACY
and firmly believing that the passage OF me penn
win sii further reduce the earnings OF our poo
pie and Curtail the consuming powers ol ~. "a,
ton. beg leave 10 submit the ioHowlhs' WIN an
earnest hope that 1t viii receive the unanimous
Endorsement Of the club: s,
"The country Is suffering from panic OF labor
The Democratic panic OF 1893 has developer lh'Y
the labor panic OF 1871 The trouble Is wlueSr'eac
lions. Striking first at the 1900" or 9v""" Wa
earners engaged in manufacturers IL paSSien int
idly to the labor employed in transport dtlon ahH
pustarnS' rSonol eer,icea and has now by re-
cultural regions the farm ana dairy. and is In a
fair way to paralyZe the production ana business
and seriously to reduce the earning powers or an
the people. ., 1000, oor,
"a moderate estimate of the total annual earn
ines of the country would be $!UVWWDVN Not
merely the wages Of those engaged in manuiactui =
ing have been seriously reduced by ms panic OF
labor but in on" form ana another the injury r -
sulting from the effort OF the Democratic parry
To fasten foreign or British free trade upon inns
once prosperous people has or VIII ultimately tA-
tend 10 all who live by daily work.
"A 10 Der cent reduction of this earning power
means an annual loss to the Nation OF Sl,VW"WW
Here we make no allowance for loss resulting from
shrinkare of values. The mills. the factories. the
work shons the machinery Will be here. 10 De sure
Inn half Of their value Will, with hair IN" wages
of those employed, be gone, if the Wilson biii snail
become a law. , ,.t.o, ,.,o
loves the Republic and sympaihizes win ms IrIirW
men AT once to telegraph write ana ptutloil il'S
REPRESENTATIVE IN Congress ana tn Ihlied stars
senators Of his Stat, to use all hohofapie means
10 defeat this measure. which Hes AT the bottom
of this panic Of labor ,, c,,,,a Z, -,
"rhe Wilson bill must be smashed. Should II DE
nassed months. perhaps years, OF disaster mus
Follow If the Republican policy Of protection Is
continued We assert that the land VIII resouhu
once more with industry hope viii return WORK
viii become abundant. wages VIII stHen. chteI-
fitness will come back TO the home ana hreslgr
confidence Will be restored business Will get on us
feet again. dropping Industries Will revive ana me
gloom occasOned by democratic folly ana treachery
will once more give way 10 the brightness OF fe-
publican prosperity.