The Clarksburg telegram. [volume] (Clarksburg, W. Va.) 1874-1926, 1894-11-02
CHANCE FOR CArIrAL.

- eNtNfeNsAN - y - - .fe--SN
vania railroad has Just returned
home from q European tour. and
gives voice to the sentiment that
now is capitals opportunity tc
invest in new enterprises. alleg.
ing that money has long enough
lain valuelessinits owners hands.
This last is true enough capital
has been idle long enough, and
labor has been without employ
ment too long. But what's the
opportunity which Mr.. Roberts
sees 7 Is he more discerning
for others than others are for
themselves ? AT any rate he
seems to stand almost alone in
declaring that this is capitals
chance. II is a business AKIN
that capital and labor should be
employed when they may be had
cheap. But for capital or labor
to embark in new manufacturing
enterprises. as Mr.. Roberts sug.
gests, requires much more tEan
an idle supply of truth. There
must be also some sort of guar.
anty of the stability of the enter
prise. Just now such aguaran.
ty can not be had, for with the
exception of land values there is
lno medium Of investment that is
mot likely to be seriously depre.
ciated by the further warfare on
protection, which the Democrats
assert is to be maintained. Manu-.
featuring enterprises, which Mr..
Roberts says are inviting. are
particularly open to attack by
!, the tariff smashers and there can
! be no safety for investors until
) industrial peace is assured. This
assurance, however, rs not likely
! to be forthcoming, for neither
Grover Cleveland nor any other
tariff reformer can be depended
uponfto come TO the rescue of the
imperiled industries of theil
:. country. Agiorious opportunit.
was afforded Mr.. Cleveland q lit
!, tie more than a year ago wheI
- the spurious financial panic wa
upon Us. AT that time Mi
Cleveland correctly describes
the situation Of the country a
D. one of unprecedented distress
But he was wrong in his diagnc
: sis of the difficulty. He attribui
= ed it to silver, when as q matte
Of fact it was tariff and the fea
n that protection was to be over
)fI thrown. Mr.. Cleveland alien
a could prevent the overthrow Q
= the tariff and he did not do II
even though his course involve
n the enactment Of party perfid
is and party dishonor.' How ca
"a it be expected that he will d
more now And without some
~ thing of the kind, or the electio
= of a Republican Congress, Their
is no encouragement for capita
If Mr.. Roberts cap see any othe
a way for capital to be enticed int
e. activity. a awaiting country hang
on his words.
Is In Republican administration
the protective tariff has upbui
trade. commerce and manufa
ID lures and encouraged industl
m among the people. New Yol
statistics show a much larg'
proportion of paupers under fr,
ne trade than under protectio
re Wages must be reduced to d
80 scale of wage earners in 9th
countries or else be protected
n. a protective tariff. In the fir
err two weeks of October our impor
- Increased 16 per cent. while o
~ exports decreased 10 per Ger
or What new industry has the pre-
n emit tariff law established ? N
one. While the Ways and Mea
Committee were considering i
Wilson bill. the legislative CO.
no. mittee of the Patrons Of Husbar
IN ry petitioned it to remove I
duty from agricultural product
,our But the protest was unheedt
The tariff was raised on I
low necessaries and lowered on I
ed luxuries. Democrats call I
OF 5lst Congress the billion dol
uld Congress. . Nine hundred a
ng; eighty. eight millions were th