New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-06

house.
a mile including terminal facilities and the many
other advantages that have been developed by
their Institution. In England the railroads were
built when lands were valuable and rights
Of way costly. and their construction was OF
the most substantial kind and Of the best material
Owing the long distances in this country be-
tween the agricultural sections and the markets.
the railroads were extended rapidly at the cost OF
stability, and in order to afford profit to the
farmers on the reduced prices they are receiving
for their produce. must expend much more
money In improving the roads and equipping them
according 10 the best methods. The cost OF labor
must be reduced in order that We may compete with
the rest Of the world. The laborer must under
stand that 1t is his duty as well as his interest
to protect capital Capital and labor are partners.
one is necessary to the other. but capital unem-
ployed will waste Itself gradually, while idle
labor will quickly starve to death. The contest
between these two elements is now on. and 1t
looks as II the time is far of when satisfactory
adjustment OF differences will be arrived at The
conditions of this country are so much better than
most of the outside world that We are able 10 pay
better wages and yet successfully compete; but
concessions must be made In order TO reduce the
cost of ,abor proportionately with the reduced val
ue of capital and the narrowed margin OF proht
between the producer and the consumer do not
believe that We can compete with foreign countries
without moderate protection; but the time may
come when can approach nearer TO Tree TRACE.
Until that time arrives We must accommodate
ourselves TO circumstances. AT present IL may DE
necessary TO impose a protective tariff on certain
Industry but In that case an internal tax should
be imposed Taking sugar. for instance. am IN
formed that with the present duty proht OF
81 IS barrel is made. One-haf OF this might go
to the Government through an internal tax. ana
yet leave a large profit to the manufactured by
of improved
sumption of the refined article.
PROSPERITY AND MONEY.
There IS no such thing as making a country pros
porous through the medium Of cheap money we
are no more able TO make silver the equivalent OF
gold than we are 10 make a bushel OF corn equiVa-
lent to bushel Of wheat When the nation. OF
the world, a unit, are ready to make SILVER
equivalent TO gold. at a fixed ratio the fact VIII
be established, but while it Is worth. as bullion.
only one-has OF what II Is made 10 represent as
necessity result in the retirement OF god, ana
leave us with a deprecated currency: me ne, az "a
have faith in the integrity OF the country and IN
ability to meet our obligations put we nav nov
the Government to pay full value according 10 ,he
standard heretofore recognized As soon az, aS ah
vance toward a better condition OF affairs WIN
our credit re-eslaosneu ,ne rrsseni there is an
Apprehension abroad that We are Contemplating r.
publ alton the extent Of paying 30 per cent &c
Just here l may say that the interest in gold
mining In this country is growing rapidly large
amount of capital is being invested and very
great Increase In the production Will be the result
The methods OF treating the ores have been 30 I'M
proved In late years. and We have learned so much
through practical experience. that inc business "
bend that the production Of gold in this country
will be doubled within the next two or three yeais,
and in proportion with this increase OF supply the
agitation OF this question OF b!metallism and free
coinage Of silver will decline, ,,.--..- .o.-...,
II think we never have had congress co ,
OF brighter and better educated men than those TO
whom the welfare Of the Nation is now ntrusted;
They are graduates OF our colleges ana meimDers od
the various professions. and are familiar with the
political history Of this as well as every other coun-
try They can make rnarkabie speeches ana con
vince their constituents that they thorough!y un.
dersand what they are 1aKhg ABOUT Gu ,b wr
that they lack practical knowledge Earlier Con,
sdvantages we're more restricted. in a literary d.
rection, but they had practical knowledge which
country. Men Of practical experience and knowl-
edge OF the requirements OF the time should DE
sent to Congres men a Gc and preudices If he
great party leaders Of the day who are striving TOT
the h rst P hey sho fh @ d be patrols and 50 dis
regard the petty interests Of the few In order the
ample would be followed and much good would be
accomplished. Instead OF this. however. the runng
they represent to fortify themselves with their
immediate constituency as to secure reelection
marrow and selfish spirit sectionalisn has become
80 developed that Is being mistaken for PATRIOTISM
who believe that nothing less than war with for.
eign nation will restore unanimty OF feeling ana
action.
GOOD REPUBLICAN PLATFORMS.
THE presence OF another Presidential campaign
has encouraged the hope that the dawn Of better
times Is at hand. / think the Republican platform
of New-York State and that Of Massachusetts are
steps In the right direction and II the party in other
States of the Union will indorse the principles enun-
ciated IL will help to restore confidence 1t IL high
time that stop discussing our financial condition.
Provision should be made to take care OF the money
question that Is troubling us. and think the
deemed by means OF popular loan in the true sense
OF the word, and the necessary currency should be
supplied by the National banks. We can we'll afford
to pay the interest loan II by II we secure
relief from the agitation Of the question as TO what
portion OF our paper redeem In gold on de-
mand. We must restore our credit at the earliest
possible day. for progress has already been too
long retarded. This country Is yet In It's infancy
! We have untold millions OF securities undeveloped.
and we can safely Increase bonded Indebtedness
to the floating capital OF the world TO bring
! these into negotiable shape We can use thousands
of millions to the advantage or our people IN ex-
| penditures for internal Improvements. / am not
| prepared to admit that National debt is a Ma
tional blessing, but there Is no doubt that Nation
al debt held by the people OF the country Is one or
the greatest bulwarks OF nation. because all the
people are interested in good government. have
no doubt that II were paying interest to-day on
two thousand millions of dollars and that money
had been spent in the right direction by the Gov
eminent for internal improvements and the Navy
and coast defences, Nation would be the most
| formidable one the face OF the globe"