The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1896-01-28
The Protection Liar at work.


The estate Gazette" took OCCASION, on,
day last week., to emit a plaintive wal
about the woes of the WOODEN manu-
~facturers. Somebody dug out the fac
that the Treasury statistics showed al
increase of $4,000 in the value of pro
ducts of wool exported in 1895 owe
those which we sent abroad in 1894. Ths
"Gazette's" Red Dog luminary refuses
to be comforted by this fact. He trots
out the information that during tho
eleven months that our exports of wool
ems have thus increased our imports
from England have increased $1s, 900, 900
and the increase in imports from al
foreign countries amounts to something
like sss. 900, 900.
We have not verified his figures, but
if they are true they certainly are a
magnificent argument in favor of the
reduced tariff which we enjoy at pres
emit. When we think of how much
better and more cheaply clothed our
people must be with this influx of
fabrics, we are doubly thankful for the
work of the last Congress.
Of course the Gazette" perverter of
the truth desires it to be understood
that this added Importation has Just
ruined our home textile Industries. But
there is not one word of truth in the
claim. The leading New England trade
journal has this to say upon the pres
emit status of our home wooden indus-
tries:-
Domestic wooden goods are selling
fairly well and generally at g slight adj
vance upon last seasons prices. ana
be able to announce a better condition
of things in that quarter, it would pc
the stupidest kind of stupidity not 10
notice any incident of the manufae5arlng
such as, for example, the fact that AZ
the wooden mills in the Merrimac valley
are running on orders sufficient to Keep
them busy for at least four months 70
come. some of them indeed have been
working overtime. We are talking about
concerns that are making chevlots. over
coatings. 7annels and sackings, ~cloakings
and wooden dress. goods. Again, cassi-
mere makers in the heart of Massachu-
sets. those in the Blackstone Valley,
for instance, are running full ana on OF.
weights. The same is true OF manu-
facturers Of kerseys and meltons in the
same vicinity, and of maker OF friezes-
This exhaustive statement is supple
mented by the statement of earnings Of
New England industrial securities
for the past year. The January report
for 1895 for securities filed in Boston,
show sl3, 242, 600 to be paid in dividends
against s12, $50, 600 in January, 1894. At
Fall River we find the mills paid for
last year an average dividend of 500
per cent on s21, 26s. 900 capital. The best
previous year on record was 1892, a
year of McKinleyism, and in that year
they paid 7.ss per cent.
the recent convention of manufacturers
at Chicago was the speech of Mr.. Eddy
OF the firm of Flint. Eddy & Co. of New
York. In his address Mr.. Eddy demon
strated the immense Importance of a
foreign trade in affording an outlet for
the surplus products of a country, manu-
featured as well as agricultural, and thus
averting the reactions which are so
frequent and severe in a trade that is
confined to the home market. As a
consequence of long years of subsection
to the protective system, the American
people, he said, had ceased to appreciate
the immense Importance of the worlds
trade, n have had a comparatively
small share in it's development. BY adj
herring to a false system of economy
this country had lost the opportunity of
o~utstripping England and making itself
the centre of the worlds commerce..
The light of reason and the logic of
fact are beginning to make an impress
aien, even among our manufacturing
classes. Before long calamity bowling,
retrograde, partisan and destructive
screamers like the state Gazette will
find themselves all alone in their misery,
the objects of contempt ever on the part
of those TO whose selfishness and preju-
dice they have been catering.
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