Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1897-03-17
PLATT ON PROTECTION.
Advocates Carrying Out the Poo
pies Clearly-Expressed Demand.
That the German Act he Repealed
and nm IntcIIIEent Copserva-
tive Tsrin That VIII
Project he Enacted.

At the banquet rendered to Hon.
Thomas c. Platt. United States senator
elect from New York, at Albany on Jan
uary 26. MIR. Plat spoke on the subject
OF protection as follows:
THE support given by the state OF New
York 20 Mai. McKinley's candidacy album
dainty testihes to the high hopes which
our people base on his patriotic wisdom.
The success of his administration will ~,
no contribution that I can make to that
great cause will be wanting
sufficient time has passed since the
November election to permit "A close ex-
animation " the results. IL cannot he
said that they are wholly satisfactory.
The bewildering programme OF legislation
proposed 10y MIR. Bryan obtained so great
a popular support az to forbid the idea
that agitation In its favor will be nban-
doned, and our democratic friends who.
without giving unqualified adhesion to re-
publican principles. nevertheless were con
strained by their convictions on the money
question 60 support the republican candi-
oates, should give sober consideration TO
this fact
1T is NOT yet certain that any plan for
the relief OF the treasury can pass the
senate as a shalt bc constituted after
March T.
Capital WA not invest. production will
not increase. tabor Will not bc adequately
employed until laws are passed to insure
the treasury against insolvency. and to
guarantee the business interests OF the
country safe and reasonably permanent
basis on which to operate. II the changes
in the composition OF the senate now In
progress shalt fail TO produce n majority
that can hold together for the enactment
of such Legislation. we shall have the same
fight out OF which we have Just come 10
make again four years from now under
probably less favorable conditions
The lesson which this possibility
H. a.
and the duty q enforCes upon them seem
entirely cic1r They can find no home in
the democratic party Their presence
there * not wanted. whereas with us II
is held in Just esteem. They must come
into the republican party, exert their due
influence upon its politics and accept their
share of the responsibility FOR its work
Ana, without abandoning any vital prin-
ciple. which they would not ask or eN-
pect' We must seek in all VIC do to hold
their confidence and support
People do not aEitatc themselves over
theories OF finance when they are getting
along comfortably. The clamor for the
frce coinage of silver became serious only
when an Ii-considcrcd tariff measure
threw the business or the country into con
fusion and teri the treasury without an
income sufficient to meet its inevitable
expenditures II was then that capital
withdrew from investment II was then
that production was checked that wages
were reduced. that profits and earnings
fel off. that labor was thrown out OF en-
ploymcnt and that the neople began TO
lend an ear 60 the theorists who told them
there was something the matter with their
dollars
1t was not IN human nature for those
who had enacted this mistaken law 70
ADMIT II TO he the origin OF the troubles
which a once came upon the country.
and they cast about for other causes
one oi these they found i'm the croenback
ana il'y trt 10 abusing that useful fea-
o. FaH THfs aHvafHN
ness. IL may toe that the grcaubarI, Is
not an ideal form in which TO express a
public debt or to supply the people with
substitute Tor money. and q certainly is
be legal tender
But it was not zine greenback that
caused the demand for gold nor was n
the Ereenhhek that shut down mills ana
reduced the opportunities of labor and
lnt eaTnir ~ of investment. 10 was tN.
llSon tarin law which did these things
mere would have been just as much
gold to raise. and Just az much trouble
rals.ng it. had M" burden fallen on ,hc
banks instead OF ON the treasury ard
even then there would have been M
enormous treasury deficit Tho trouble
came with the revenue law. and the rem
ely Us TO pa provided IN the same way
NO LEGISLATION ir now necessary T,r
the maintenance Of the cold standard
and when we have replenished the treas
ury, restored the public credit and set
the countrY's industries again on their
feet. there viii be- time enough to look
after the legal tenders and 10 revise orl-
no doubt u'-ordercd currency system
There can De 40 pretcnsc that Tho
American people do not desire 20 return
TO the protective policy They gave n
much heavier majority IN 1895 AGAINST
the wilson bill than In 1896 against all
the combined vaEaries Of Brvu-isr7
The question Is not whether they can
adapt themselves TO a system of p~odur-
ton which must Toe based on a lower
standard OF wages than has hitherto pr.-
Va'led. They do not want 10 adapt them
selves 60 such a system The question
y not wheiher revenues can bee provided
sufhcieut 10 meet the governments me-
ccssities hy patching up the Wilson bin
with new 'utnrU1i taxes
The pcoplr do not want the Wilson.
bill patched uu. They want it raD.a1a1
and I'm its placc their plain demand. ~
which the election Of two successive -a-
publican mlJor.tos iu the house OF repra-
sentative suhiCicrUy tcstiGes is Cor tr,
enactment Of ara Intelligent and corei4t.r.
tariff based iu every schedule up1r tho
principle ~ preventing the foreign rrs-
Queer o. goods which compete with Amer
lean goods from Vholrsalire his .ra-aa
In the Awertnran market at prices which
compel the American maker of such wares
either 20 20 out or business or 90 reduce
the wages 20" pays 20 his labor