The Providence news. (Providence [R.I.]) 1891-1906, 1896-02-15
Governor BuSiel Addresses
Textile Club.
A Retrospect and a Prospect
In Tariff.
New Hampshire's Executive on a
Live ISSUE

IeAtlle SluD III tnibs city tnls hooh Ills
Excellency, Charles e. Busiel, Cover
nor of New Hampshire, made an address
on the tariff of which the following is a
summary:
"'Mr. President and gentlemen OF the
Textile Club: It gives me great pleasure
10 be here in response to your kind invi-
tation and to meet such O splendidly re-
preventative body of men,, 80 many Cap
tains of Industry, from the great indus
tries of New England. l wish to give
briefly the impressions made upon my
mine by the hard times OF the past three
years and my opinion OF the proper means
of relief.
'sIi one of you gentlemen should be
taken Ill, you would send for vour family
physician and after he had made his
diagnosis and decided you had a bad case
of indigestion you would not expect him
to amputate your limb, but to give you a
remedy suited to your case. Now the
same thing holds true in regard to bust
ness. First, We must find out what the
trouble is and then apply the proper
remedy.
"Congress, in dealing with the visionary
financial schemes to restore business pros
perity, Is like the doctor who would
amputate the patients limb to cure 1ndi-
~gestion. Correct the fundamental trouble
and there will be little necessity for
financial legislation. With good business
the financial questions Will take care OF
themselves.
history Of our country you will find the
greatest prosperity during the periods
when
U INDUSTRIES WERE PROTECTED.
eDuring the war OF 1912 the cotton and
wooden industries made their first con-
siderable.start under a very high war pro-
tective tariff. Soon after the war closed
Congress reduced the tariff TO such
an extent, for revenue only, that the
mills were obliged .to.stop because foreign
goods had supplied the market. During
this period of depression money was raised
in England; agents were sent here TO
purchase wooden machinery and engage
all the skilled labor they could employ
and to buy up sheep. This was done in
order to cripple the wooden industries in
case of a revival OF business under q pro-
tective tariff. The English manufacturer
have never lost sight OF the value OF the
American market. Through legislation
to,sard free trade they have had ii about
half the time to the great injury OF
American manufacturers, American labor
and American homes. A general stagna-
tion of business throughout the country
has always been the result OF such legisla-
ton. In my judgment. the doctrines OF
Calhounism as endorsed by the Democrat
ic party in the past and really put nto
effect by the last Congress, Ia a crime and
q menace TO the best interests of our coun-
try. Any legislation that brings
RUIN AND DISASTER
to the industries of our country, thereby
throwing out OF employment our own la
borers and reviving the busin ess in Eu-
rope so that laborers there may have work,
any legislation preventing. steady employ
ment 10 our own laborers; any legislation
that results in filling the streets with men
and women out OF employment. in filing
poor houses, in fostering misery and
crime, is certainly a menace to our coun-
try.
"Why should we sit still and submit to
such a state of affairs9 The time has come
when this matter should be shown up in
its true light and to call a spade a spade.
This country will no longer allow expert
ments with Calhounism, or tariff for rev.
enue only. 1t has been well settled in the
minds of the people, as shown in the last
election, that they want to be Pot back
under adequate protection.
"Our country was very prosperous under
the Morrill, tariff, and with business good
everywhere our people were we'll employ
ed at rates Of wages which excited won
der and admiration OF the world. The
national debt was rapidly diminishing.
there were no bond sales TO obtain money
TO meet the expenses OF the Government,
the veteran soldiers who had preserved
our Union of States from disruption were
receiving bountitul aid from the abund-
ant revenues OF a grateful people, and the
only embarrassment In the situation was
an embarrassment of riches in the shape
of a surplus so large that 1t gave a good
many people pain to see IL.
The Mckinley bill never had a fair trial.
1t recognized protection as the funds-
mental principle necessary to American
progress. Unless we recognize this prin-
ciple in all our tariff legislation the coun-
try will be vacillating between Cal
hounism and protection, Calhounism
IL in the interest of England and English
labor. Protection is in the interests OF
INDUSTRIES AND MERIcA
ADO
''The nearer we stick to protection as a
cardinal principle, the surer We are of
industrial prosperity.
''In regard to future legislation bearing
on the financial and business interests OF
the country, | think that any legislation
passed by Congress should protect Ameri-
can industries and labor. Ii should pro-
vide money enough TO meet the current
expenses of the Government and leave q
surplus TO be applied to the reduction OF
the public debt. Any legislation that does
not meet the above requirements will
work widespread ruin and disas-
ter. 1t will undoubtedly be three
years, and perhaps four, before the
country will assume its general prosper
ity. This year Will be spent in electing
a President VINO CANNOT be inaugurated
until March, 1897. During the remainder
OF the year 1897 a tariff bin will be passed
During this time our market VIII be
filed to overlooking with imported goods.
Ii Is not wise To speculate very much in
business until 1899 or 1900
"This country Is only in its infancy.
This country at some future time will
contain hundreds of Millions OF people in
stead OF its present seventy millions. The
manufacturing establishments must be
increased many times over TO meet the
demand, every water power harnessed,
every iron mine, every railroad, taxed to
its utmost capacity. Cities where we now
have a million people will have millions,
and we shall see the running time for
passenger service on railroads so reduced
that IL will make cities and towns within
a@undred miles the suburbs Of greater
Roston. Then il will be that business
men OF greater Boston will have their
homes in the country on the shores OF the
beautiful Winufnegaupcp. tIhp smile OF