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From The tPdyne Sentinel. july 3fst.


Protection TO Capital, and Ruin 10 Labor


The n. Y Tnbuns replying article the journal o
Commerce on the subject Of the Tuf holds the following
language


millions Of 4rs has gcaerly made good diptdendS ehue
oilers around tads i;e nothing ana er-n sAnA taer
zcote capital Tals ddcGHtas6 Hh1eh edsN eh0fS 0r
no cash capacity ireapGe;y.'


Here stmon ~fh We % wish our e.aeI 9 % Desr IN
Comp1y .c s h'Se Saa ann mny
moderate make little nothing und even sink their
whole capital"


ha, but protecting capital and tmpccer'saing 6or?
The man. whose large capital gives him cnpacy. may
oba great profits from his business we the nn ~ nod-t
sts cfcum,t,ncts; who hs bu; small capni which, nc
codins to The T5unes logic. produces "acepacy. and
who relies Principally upoa hs labor ior support mpover
system ~h,c, gives hi. advantage " cash over
supper, of American Free,nen!


to remedy hsse E uns, ESg@ & ana nn
and It's n9dica'nn They wl,h to protect labor ns"e
capitalize show iuvor TO ma; rs well as n0IieB


D Whether there is any need OF copying and
refutng such stuff as the ABOVE, our readers must
Judge yet ii is on just snch that Loco Focoism
exists. Ii its organs were compelled TO talk SEN
sibIy and honestly, they would have little to say.


The Sentinel wishes It's readers to bear in mlnd
that under the present unequal Tar6, a Manu-
featuring Company possessing large capital
may make good dividends on their stock; while
Company of moderate means make little or
nothing" Under this Tariff Was there erer
a Tariff or no Tariff under which abundant cash
capital could not do better than TO cash. or half
enough? This Mcrrimac Company has been IN
operation some five. and-twenty years. under all
sorts of Tariffs, and has generally done good
business, while Companies with Insufficient capi-
tai and less judicious management (icf success
requires brains as well as money! have failed
from year to year all around it, under high Ia
riffs and low Tariffs. And yet the Sentinel
would have its readers believe that it is thS Ia
uif, or a Protective Tariff somehow, which en-
abes the Merrimac Company to do better with
cash capital of Two Millions, than if it had little
or no capital. Why if there were no Tariff at eli
these Two Millions of Dollars would have pre-
cisely the same advantage over small capital
or none that they now have, whether their own
ers should find it profitable to make cloths or inf
port then, with the money. Can it be possible
that such slang as this of the Sentinel has any
effect on the public mind