The Iola register., 1891-01-16
The CO. ST oE SUCCESS.
Damage Done by the Recent Democrati
Tfdal-Waye.

Tidal-wave.
/ The Democratic Leader, of Bingham
1 ton. remarks:
The Democratic tidal wave in November has
been q source of profit to the Republicans IN
I one respect-it has enabled them to account foI
| the failure OF the tin factories to ms:erialize
| as the effect Of the Mckinley law.
| Yes, indeed; and there are other in
| dustries beside the tin plate factories,
| whose establishment was projected be-
fore Novem Der 4, which will not mate
! rialize.
Millions of American capital, which,
prior to the calamity of November, were
about to be invested in new enterprises
in various lines of American production
and afford employment to thousands OF
American wage-workers, lie idle in
the vaults of the banks and trust COM
panies.
The Democratic tidal wave has left
nothing but wreck and ruin in its path.
If profit there be in calamity, we hope
and trust that before the Presidential
election of 1899 shall roll round the peo-
pie will have thoroughly learned the
lesson of last month.
nthe commercial and industrial histo-
~ of recent years we have never turned
sharper corner than on November 4,
1890. Prior to that time confidence in
the future was marked and widespread.
Since then panicky feeling has held
possession of the business world. Not
only have new enterprises, which were
projected, vanished into thin air, but on
every side the commercial, industrial
and financial classes are shortening sail
and preparing for a storm. Business
failures have increased, until, despite
the heavy falling off in the first ten
months of the year, they have risen
above the record of the corresponding
weeks of 1889. The falling off in the
clearances of the banks and the earn
ings of the railroads tell the same story
of sudden curtailment in all departments
of trade. Democratic success has indeed
proved to be tidal wave in more senses
than one; it has swept away prosperity.
Democratic editors and politicians
may slur over the turn in the tide of af-
fairs or rack their brains for other
causes than Democratic success to which
they may attribute the revulsion. But
the people know that conservative and
timid as capital is, it can not be tempt
ed into new enterprises when free trade
lunatics like Roger Q. Mills, who
control the policy of the Demo-
cratic party. go up and down
the land preaching absolute free trade
and an income tax. The Democratic
tidal xrava hos n;ra, r;sa 80 tba fao-
that its force may not be expended be-
fore 1892 and that on it the Democracy
may again ride into power. 1t is per-
fectly natural that responsible manu-
facturers and capitalists should hesi-
tate to establish new industries or en-
large old ones
Nor is it surprising that, when West
ern and Southern Democrats, like
Mills, declare their devotion to the free
silver as well as the free trade doctrine,
responsible bankers and capitalists
should view with alarm the deprecia-
ton of our currency to the silver
standard and hasten to protect them
selves by boarding gold. Democratic
sue cess is responsible for the disastrous
monetary stringency which has pre-
vailed.
Democratic advocacy of free trade
and free silver proves conclusively that
the Democracy is unfit to govern the
country. 1t is composed of the thought
less, the vicious, and the irresponsible
elements in our population and its
policy is controlled and shaped by men
who are not interested in the COM
mercial and industrial prosperity and
independence of the United States
Albany JOurnaI