New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-01-17
FREE-TRADE BUBBLE BURST.
INDICATIONS OF RETURNING SANITY AMONG
PEOPLE CRAZY IN NOVEMBER.
POPULAR OPINIONS, PRICES AND WAGES IN THH
wEsr-DoUGHNUTs NO LONGER AFFECTED

POPULAR OPINIONS, PRICES AND WAGES IN THH |
wEsT-DoUGHNUTs NO LONGER AFFECTED
BY THE M'KINLEY BILL IN TACOMA.
To the Editor of The Tribune
Sir: The Democratic leaders and the Democratic
press of the country exhibiting an intense nervous
solcitudc lest the political panic of last November
shall fail to be regarded the deliberate judgment
of the country upon the tariff question: and they have
abundant reason for such solicitgde. The appre
hension of a rise in prices result of the enactment
of the Mckinley bill undoubtedly the cause OF
the astonishing OF both TIC Democratic party
and the Farmers Alliance | have just returned from
journey extending TO the Pacific Coast, and from
Montana TO New-MeXicO. In the course Of this
journey | have discovered what appears to me TO he
perfect solution Of the political phenomenon Of last
November. Ny information is derived from com
mercial travellers who constitute IN the aggregate
about per cent Of the railroad passenger trlhc Oh
this Western country. These sharpeyed commercih
itincrants tell that when the political campaign
opened retail merchants all over the country ad Just
laid in their fall and winter stock of goods and thai
from the trade instinct alone they caught on to the
cry Goods are going up in consequence OF the
Mckinley BILL merely an argument 20 "orN lhtr
goods of at the earliest possible moment. Eep"Diodh
In common with Democratic retail merchants all over
the country resOrted to this trade stimulus, ana every
man OF them thus unconsciously and without tho
slightest political Intent Hioc c"N't'NV N'N'' 80
turning aud in keeping Republicans from voting
than was the most eloquent reetgade speaker on the
stump 1t argument when touched INC
pocket and IL reached every family IN le iihu'
The result Of this outcry. with the single motive II
expediting sales. much political casualty d
was the fatal ALTERATION which fell from the innoceht
lips of Dr. Burchard in 1854. but hundredtod more
effective. To-day the same vendors OF goods hhu II
answers their purpose to proclaim exactly the opposite
sto M good, in consequence OF the
act I'm order to work of stock which is getting old
The political panic of last fall Is bubble wmch ms
hurst and the Democratic leaders Of To country rcco-
nize the fact with unmistakablc apprehension
Certain OF the vagare, OF the shor; lived craze winch
have come to my ob,er> alton may be WORTH mcno'-
ng While was in Spokane Falls the Mckinley Dill
struck the woodpic.7 \ wbo for years had
brought wood down from the mountains at the usual
price of II a cord announced one morning that the
price had risen TO 80. When asked why, lie an'"ecd
Well, you know everything Is gone up since inc NC
Kiney BILL But few days later his sales fell on,
and he glad to get back to the old pice OF -
cord. While al Tacoma a dlapdated specimen
If humanity, who had c, identity been on an aiSh'
debauch staggered one morning at daybIeak into
low restaurant which runs all day and all night. lie
called for coffee and doughnUts From the time when
a drunken mans memory rmncth not 10 the contrary
four douglnuts had constituted p rtion. But TINS
time the waiter appeared with a cup Of coffee and
three dOughnuts.
What do You mean By bringing me only three
douglnutsl' exclaimed the surprised customer.
WHY, sir" stammcred the waiter, You see since
the McKin-"
I'd ,prang the rate customer, and selling the waiter
By the collar, exclaimed with oath: Boy II
you undertake to work That air racket onto me, III
knock your two eyes into Bring me that other
dougluut."
And the other dousinu came. Ny informant
fur All Ia hPeu made
raise the price OF doughnuS In Tacoma. But already
the country j. awake the realities Of probably tic
most remarkable political delusion which has ever
seized upon tie minds Of the American people.
have today been informed by the two leading dry
goods firms Of Chicago, Marshall Field d ca. and
{. Il. Farwcu a Co.. that the price Of cotton ana
woolen drc,s good, is almost exactly the sane a
at this tnie a year ago. Blankets and halnels are
also Just about the same in price a, last year. y"
rise. The cry of rise IN prices last fall for shori
period caused slight rise but prices soon fell back
again. Why, even the American tin-pate maker Is
Already able smile superior 10 tlt Triton and to
the American free trader ana To 81 " In" Ne" lofh
World in towering rage. The patriotism Of
deny the successes Of American enterprise.
Edw Atkinson, the abest stausucah N the United
states, whose fact, always the dc of protection,
although IN Ia, dreams Ice occasionally smiles upon
advanced, while wages are now AZ The Egh ilic mdih
such carly exposure, Of the uter lllu'ave Gaactei
Cleveland back upon hi, fayortc and rathrs comlca
protct-tlc imm rlity Ot protective a;lN-ald that
TOO uplu TN. ocCI-'On 81 tribute - iic memory ~
Andrew Jackson. IL Is only now ana then tllit somo
schokl>t GOctrlnalrc attempt, 10 extract - moral |
l,-uc out of either protection or free trade. but these
men always make tucUl>clNr, rdcUQuN. "r the taHn
QUE, ton evidently one o ccOnOmlc~. giving Use IA
Questions of cNp"dleucy and not ot ethics. II Mr. !
I leVcland honestly beuddrd thi- point, and j.
sincerely cc>irpus II being follower Ui Nndrew |
Jackson, he will gain much ISht 10y turning To PlcN |
dent Jackson messing" - tOn-rc~- II December = |
/ 30. He will find that thu putItiv' falhcr OF the |
DcmOr party then and there distinctly declared
that tie power and the right To- impose duties on |
import, for protection Ia American ndu-tric- Wa |
an essential attribute Of stat severe Snty. wch upon
the adoption If National Constitution passed 10 The
General Government. President Jackson treated with |
ill concealed the very doctrine now attempted
II the General Government denied tl, right and
power political stem would present the anomaly !
II people topped of the right T. io~tc. tlor own |
industry and 10 cOunt'Iac the most destructive and
selfish policy which might b" adopted by foreign |
nations" President Jackson also declared that In This
view Of the power and rgu o- the national Govern /
mcut 10 protect American industry los duties on i'm /
pots hr was sustained BY the opinions III Presidents
WASHINGTON. jefferson. Madison ana NOurp.
The Rep 3blicnn party stands true t. these views %:
the -ht and the duy - afford protection 90 American
enterprise proclaimed by AtIrrw Jackson. and thi,
doctrine Will asSurcdly be inscribed upon IL banners
in l-93. JOSEPH NlMno, JR.
Chicago. H.. Jan :. 1-ol.
CAUSES FOR DIVORCE ~ VERMONT.
TO the Editor Of The Tribune