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

S,11Pltdl In comparatively Improbable occupa ion.
used to pa, i it this Sy way Suppose TS6 the Nation
employed at ''2 per cent in that interes,inr
m nrgam OF iancy tie most profitable employ
sGr you people viii Jet me put hundred thousand
Of TINS capital. my share into less profitable a
mat you pay me and all people who come here
and and do the same enough to eqnalize my profits
mathematics. 1t would seem incontcstable that the
cyry ye %2"9 osf aa Pfr f( on are or
this. to greater or less degree is what the United
that we have ave" not o gone to onr ago.
one OF the fallaces of this demonstration is this:
II proceeds the assumption. not only that sl.co
600 is all the capital Of the United states, but all
the capital of the world.
INVITING FOREIGN CAPITAL
Suppose that law which taxed the profitable en-
ployment coaxed in the 100000 from the rest OK
the globe our Nation would have gained 5000 every
year. instead of losing $1,000 for should have had
the whole $lloDOoO earning per cent, less the tax
laid on the whole to raise 81 O0o. But you say. why
should not the new 100000 come in and go into
the 6 per cent most profitable employment? Why
should ii select the = per cent employment? just
simply because that money does not come here by
attraction of gray,ation but by me mind Of
cut-and-dried political economy.
England ana tell him that 10y putting his surplus
capital into Dakota farm he can make 10 per
Then YOU try him with PROPOSAL to build cotton
factory in Georgia. show him he make per
cSances are that the copoh Mill viii tempt him. and
the farm. He knows the cotton business hut he
This in fact. is the history Of the United states.
S Hrr laws s srea amy rich thc6 % The one%n
from Illinois or Back1 has notic Ni that men men
hence. he is willing that our wages shall he low
cred to keep people away. Well this is not the
coming I am glad they have not yet inhibited the
gentlcmans ideas, and have not yet begun to camor
when the gentleman from Illinois Clr. BlaclO starts
his reformed emsIaton Of men who come here
hope to be there for it would be sight hitherto
without being either pushed pulled.
TO sum it up If this protection gives US money one!
show why have wonderfully prospered. If it
does am inclined to think that the way 70 hqye
new mills and try to prevent the Committee on
Ways and Means from pulling down old ones.
TRANSFERRING CAPITAL"
But" says some gentleman fuller Of political
economy than Of sense. why do YOU not transfer
your capital from these protected industries to the
more prohab.e?
Yes. that would be good idea We will COM
mence in West Virginia and take up the coal mine
holes and stick them down somewhere else. unless
utilize them as places Of refuge for the
to be Sscccsi worth of stuff belonging 10 the peo-
pie that make screws Let us tak@ nat ~ XIX ni
has dropped S72c,coo-txt cannot be transferred
But what do you say about the farmer? Well on
that subject DO not profess any special learning
but there is one simple statement | wish TO make
and leave the question there II with cities grow
ing up like magic. manufacturing VILLAGES dottnS
every eligible site, each and AL s~&ImInS WIN
mouths be- filed. the producers of food are worse
off than when half this country was a desert
one other hing | have noticed in This debate.
When the gentleman from Kansas Nr SIMPSON
gets little money ahead he no,s not put IL mo
stocks in these immensely prohtah.e manHiac'"d.sii
has told rs 50. Example is richer ihan prrcePL
II the hope of asricuiiuHsts Is IN English re-"
the wages Of artisans have increased IN i-ngahI
s. a per week since $50. the wages Of agnrutural
Lancashire operatives in the factores live as well
anybody except Americans the asFic I.turaI IA,
borers are hardly better of iham me conuncntdI
peasantry. Enslanis example viii not do for asri-
WAGES ~ EUROPE.
Here let me meet one other question. and let mo
meet it fairly We are charged with having claimed
that the tariff alone will raise wages. and We are
pointed riumphantly TO the fact that tn" wages or
France and Germany. protected by a tariff. are
lower than England free OF all tariff. and to Amer
lea with q tariff and still higher wages. We have
never made such n claim in any such form Free
Traders have set up that claim Tor us in order
to knock il over. What we do say IS
that where two nations have equal skill anu clna
appliances and marke Of neay el1a s~' no %Ii
ing but a tariff can maintain me hsher wages
If there be Two bales Of goods side by side made |
by the same kind Of machinery ana with me lAnor
o
skill and if the labor Of one bale cost only ha Tor
example much as the other, that othrr hile ,"n
labor is squeezed out OF il, provided there - an
abundant supply Of the product Of me cheaper ~,
IN II meets III" bale with the doarer labor OF amor
lea in IL. which viii be- bought At cost. 81 piGi"cS
ton leave that problem just there The sale or |
the English bale viii be only limited By England :
Now. as to France and Germany. The gentleman
from Ohio Mr. Hartcr) makes the same blunHtr
lover wage. ana asks US - compare the three
tariff. do not read history That way. Ehs Kan.
had centuries Of peace or distant war: %hiie, b2,h
France and Germany were ne 6atieeaS o t sbc
was even biz enough 10 enter success my
those nations in machinery or wealth to England
hundred years IN adXance 2l ' an ber rIbuiarv
provinces. is absolutely farcical. .,
Let Germany and France get thoroughly estab-
England now has. together with her factory sys-
tenn. and nothing but higher WAGES IN mos CONE me
English people from ruin Lord Armstrong knew
what he was doing when ne an anpiances
M 10 no. tariff docs not make the blind see. the
amr walk nor does II raise the dead 10 fc, but
/ i a good. sound. sensible policy for the nited
md if it is stricken down the people who in Their
hearts will think us the most
will be the foreigners who profit by our Tony.
THE SOURCE OF ENGLAND's WEALTH.
There is still another argument which / desire TO
,~esent ont Of the large number yet unused. What
,as made England rich? II IS the immense prohtS
which come Of converting raw material INTO manu-
actured goods. She IS huge workshop doing
he most profitable work Of the world; changing
material to finished product. SO long as she can
persuade the rest OF the world to engage in the
york which is the least profitable and leave her
he most enrichng. she can well be contenn, :, ,,
Let me give one item and the figures snali De iur-
,ished by the gentleman from Alabama tNr Mheei.
RI who told me In your presence that the Vaiue on
~ the cotton raised in the United States was only
OOD Iuh finished