The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1888-10-18

with each other, and the course of busi-
ness in every section has been regular
and prosperous. Capital from the north
has found profitable fields for
investment in the south, and the earnings
OF the south have been freely expended
IN the purchase of the products of the
north, aided by northern investment and
northern experience and skill Railroads
hsve been constructed, mines opened and
developed, manufacturing enterprises set
on foot In nearly every quarter of the
south, and all these great enterprises are
tiourisbing under the peaceful and fra
ternal policy which now prevails. Can
any substantial interest of the people,
either north or south, be promoted by a
reversal of this policy? And will
not revival of controversies at once i'm.
pair security, if it does not absolutely de-
stroy the profits of capital invested in
southern parts OF the countryf Such con-
troversies not only excite the people of
one section against the people of another
but 1t sows disoord among those who live
together in the same section. 1t discour-
ages capital and demoralizes labor; it in
terrupts trade and intercourse and impairs
the prosperity of both sections.
appeal, therefore, not to any selfish
or mecenary spirit of the business men of
New York, but to their reason and their
patriotism, to unite in securing to the
country continuance of wise and Just
policy--a policy which will cement the
union OF states, promote the prosperity
OF the people and guarantee the equality
OF all citizens, under the law. 1 have
said the country has been rros-
porous nunder this administration, and
think business men generally
will concur in this statement. It has been
prosperous from the very beginning of
the administration, and is prosperous.
Notwithstanding persistent efforts of
many influential politicians to alarm
capital and labor and drive them out of
productive industries by the predictions
of bankruptcy, ruin and starvation, as the
certain result of democratic policy. Never
before in the history of this or any other
country have such determined and un-
patriotic efforts been made TO dis
courage investment of capital and
create uneasiness and dissatisfaction
among the laboring people. Every device
that partisan ingenuity could invent, and
every Misrepresentation that partisan zeal
could suggest, have been resorted to for
the purpose OF convincing those who are
engaged in industrial pursuits, and espe-
cially those engaged in mining and manu-
featuring, that their business could not be
probably carried on under democratic
administration. Undoubtedly these eff
forts have in some measure inhu-
enced the amount of production and
volume of business in the country. But
we have been prosperous Notwithstanding
this. We have been prosperous, too, in
spite OF the fact that the administration
and country have been embarrassed by a
financial system which compelled the col
lection annually from the people of
about $100,000o0O more than the necessi-
ties Of the government required. This
enormous and unnecessary burden
upon the industries of the country
has not yet been removed, and regret to
say that it is not probable it will be re-
moved at very early day. One thing is
certain, the democratic party in congress
will never agree to any measure which
proposes to prevent the accumulation OF
a surplus in the treasury by increasing
taxes on the necessaries of life, and
this Is one of the prominent features
OF the bill now under consideration by the
senate. 1t is not difficult to Predict what
its fate will be. The speaker then pro-
ceeded to dicuss the tariff question in
general way and made some comparisons
between the Mills bill and the senate
measure, quite damaging to the latter
from the free trade or reform stand
point.
The crowd of listeners contained proba-
bly, 10000 persons. Independent of the busi-
ness mems procession, the number of
persons is estimated at 10000. A sub
stantial platform on the sub-treasury
steps contained the invited guests, and It
was gorgeously decorated with flags and
streamers.