The Providence news. (Providence [R.I.]) 1891-1906, 1896-07-08

EVERYBODY PLEASED btI cS.
"The policy, which discourages Ameri-
can enterprise, reduces American labor 10
icieness, diminishes the earnings of
American workmen, opens our markets 10
commodities from abroad which we
should produce at home, while closing
foreign markets against our products,
and which. at the same time, steadily
augments the public debt, increasing the
public burdens, while diminishing the
ability OF the people to meet them, Is a
policy which must find It's chief popular
ity elsewhere than among American
citizens.
That is what GARRETT A. HOBART re-
marked 10 the committee that notified
him OF his nomination for the vice-presi-
dency yesterday.
Most everybody outside the United
States has been pleased with the tariff
policy OF the Democratic administration.
The only possible gamers within the
United States have been the mon who
bave been able TO buy the government
bonds made necessary by the falling off
in revenue, to pay running expenses. And
many OF the bond purchasers hav. lost
more than they will ever make from the
bonds by reason of the industrial condi-
tions. The mass OF the people, however,
has not been able to take advantage OF
even SO doubtful gain as a bond oppor-
tunity offers to make up for its losses.
Great Britain, OF course, has reaped the
lions share OF our losses under the Will
son-Gorman tariff bill. Our British
cousins of course, see the point. The
London Globe. June II, declares that the
selection OF MCKINLEY to the presi-
dency would be a grievous misfortune
TO the commerce of Great Britain, inas-
much as thero is no reason to presume
that he is not strongly in favor of re-
storing the tariff, which Mr.. CLEVELAND
scaled down." Naturally SO. Mr.. Nc
KISLEY Is as strongly opposed to our
ef'ecting ta.in legislation that would
benefit "the commerce of Great Britain, !"
as Mr.. CLEVELAND was In favor OF do
ing so. And, conversely, the British
business men would never think OF
banqucting MIR. MCKINLEY as they did
Mr.. WILSON, the representative Of The
tree-trade idea that benefits "the COM
merce Of Great Britain"
Despite all past experience and pre-
vious proof to the contrary, the American
free trade papers continue ID claim that
a protective tariff will prevent any in
crease In our revenue. The London
Globe, on the other hand, speaks OF "the
re-imposition OF an extremely high pro-
tective tariff as the only means OF avert
ing bankruptcy" The English papers
are invariably the more honestly out
spoken. Another instance OF British
bluntness Is given by the Westminster
Gazette OF June 10 as follows "The
protection policy to which the party Is
committed will doubtless be as injurious
to our trade as before" The London
Globe OF June II remarked: "when the
fiscal system associated with his (MoKIN-
LEY's) name operated In the States many
branches of British trade suffered severely
by loss of American custom. But no
sooner was the tariff modified by Mr..
CLEVELAND than they began to recover
these losses, and in some instances even
gained ground"
As candidate HOBART observes, this
sort Of an American tariff policy "must
find its chief popularity elsewhere than
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