The Sully County watchman. (Clifton, Dakota [S.D.]) 1883-1894, 1892-01-23
December, 1890

following parallel statement:
December, 1890. December 1891.
great panic affecting The panic has passed
the whole world.
Zig banks and bankers Banks and bankers en-
failing. thusiastic over the out
Distrust everywhere. Confidence everywhere
Furnaces going out of Iron production and con
blast. sumption steadily in
crearing.
No demand for steel Six hundred thousand
rails. tons of steel rails al
ready ordered for 1872.
Smallest grain crop for Largest grain crops ever
many years. raised - exceeding the
yield of 1899 by l,3p0.-
OoO,t1O bushels
Railroads hghtiug for Railroads taxed to their
the little business of utmost TO handle their
ferng business, with an un-
precedented demand
for cars.
Exports of bresdstufT. The heaviest gram ex-
very small. port ever known.
New failures every day New enterprises every
day.
Stocks decining-divI. Stocks advancing diyi-
dends passed dends declared ana In
many cases the rate IN
creased.
Capitalists afraid to In Capitalists seeking good
vest~no confidence in Investments.
! anything.
Business men afraid of The south har stood the
the south aud it, fu- strain and demonstrat-
ture on account of the ed that IL II the best In
panic. vestment field In The
world.
| The outlook for the i'm The outlook promises q
mediate future dismal. year of phenomina ac-
| beyond description. iyity and prosperity In
1892
| After reading the above, one cannot
help recalling the fact that the business
situation in December this year, which
contrasts so favorably with that OF the
same date last year, shows the condition
OF affairs at the close of the first year $
/ Al al. xS h..
Mckinley law.
cons deration of those who listened 10 the
free trade prophets of disaster year ago,
ENGLISH AND AMERICAN CLOTH
How the Editorial and the News CoIu,D ns
ofa Great Newspaper May Differ.
Editorially, the Chicago Herald is for
| free trade. great many lamentations
have been uttered in its editorial columns.
because of the ''infamy" of the tariff law.
II wants to buy English clothing in
America--that is ior dress suits-for the
price charged for them in England, aud
cares nothing for the degraded labor
which would have to be employed to fur
rish swell suits at certain European
I
prices.
| But the other day the news columns OF
the free trade Herald had collision with
the editorial columns for in the column o
news under the headline, Bear these
liz mind--hints on dress, it went on to
say: 80,
80 gentlemen 90 over to London with
limited supply and prepared to refurnish
| mt a London tallors. Prices are low
Fine material is worked up in business
suits for about Sl5 and dress suit can be
had s25 or $50 But the suits! These
same ge.ltlemen would annibilate an
American tailor who would offer them
similar ones for SO They never are finely
| finished The coats have 'baggy'
back. or if they chance to it well Ut hrst
in weeks time they are out of shape.
with Innings sagging, and the whole suit a
disgrace to the wearer.
To this hostility between the depart
ments of the Hearld-the editorial col
umns r,h citing the private opinion OF the
editor, while the news columns prints
facts the Chicago Inter Ocean says:
The truth is that, upon the Herald !
own testimony, even IN line clothing
American made goods are cheaper tnan
English, iality If workmanship being
considered. The Am 'rlcan workman who
makes dress suit is better ptid than an
English workman, consequently he makes
a better suit, so much the better that the
Herald itself estimates the intrinsic value
of work in what an English tailor charges
S25 for as not superior TO that of Il SIG
American suit The comparison is the
Heraid's own and it must abide 10y il.
What, then, is III" unavoidable infer.
ence from the H-rald's plea for cheap
clothing?'
Simply this, lower wages ard inferior
wcr' rn1"vh ? Is own column, are evi.
drhce ot lie our pose 10 degrade the Dual
ity and ply of American labor"