Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1892-04-29
Why Doesn't Ruin Gomez

why DO0onL KUN 0me
Are we never to have real hard
times? The welfare Of two political
parties depends OH the speedy com.
ing Of old-fashioned, widespread and
desperate hard times, such as we
have not seen since we began to re-
cover from the panic Of 1873. The
Alliance organ in Kansas announces
that the outlook for prosperity in
that state was never as hopeful rs it
is in this spring Of 1892. This an.
nouncement has driven PETER and
Simpson nearly crazy and they in
tend to start a new organ that will
not be guilty of cheerfulness. If
prosperity cannot he kept out of
Kansas and other states until after
presidential election, the Alliance
vote will be insignificant. The
Democratic party, too, is in a state
bordering on hopelessness because
the Mckinley law does not ruin the
country.
A general and complete ruin has
been the steady hope of the Demo.
cratic party ever since the defeat of
Cleveland four years ago. 1t was
hoped that the accumulation OF a
surplus in the United States treas
ury would bring disaster. Mr.Cleve.
land freely predicted that. 1t did
not come and a Republican congress
reduced the surplus very much in.
deed. Then it was hoped and pre-
dicted by the Democrats that the
dissipation Of agood deal Of the sur.
plus by 1.-THE billion dollar congress
would BANKRUPT the government
precipi!ate a panic ard lead to Re.
publican defeat in 1892. But the
treasury is not bankrupt, nobody
who has a claim agains! the treasury
has been refused payment because
Of a lack Of funds and there has
been n steady improvement in the
business Of the country.
The Mckinley law was sure tc
bring widespread disaster. There
was no doubt about that. Instead
Of moving toward free trade, this
law raised the duties on some things
and there could be but one result
disaster and then Democratic cuccess
in 1892. But disaster has not come.
The bitter facts are that our exports
have increased, even our exports o.
manufacturers: we have been able
to endure an unprecedented expor'
alton Of gold; manufacturers have
increased more in the last two years
in our history.
There are no idle workmen.
Probably never since the war has
| there been such a demand for labor
Of all kinds as there is to-day. And
wages are more satisfactory now
then they were during the admins.
tration Of MIR. Cleveland. How do
We know this? Why, because there
have been no such widespread
striks in the past four years as there
was in the preceding four years.
II is a significant fact that we had
more and larger strikes during
Cleveland's term then ever in our
history, except after the panic Of
1878. 1t is reasonable to think that
the menace Of free trade denorlaliz-
ed business in some measures and
led to reductions in wages that were
net by strikes. In tho trades the
past three years We have been ex-
traordinarily peaceful and prosper.
Gus. The Mckinley law, that was
to ruin every business, has ruined
only one business-the Democratic
prophecy business.
We may look at our own town as
evidence. What is going on here is
going on everywhere. We are put
ting up more and better buildings
then ever before. Wealth is in
creasing so rapidly that we consider
it quite the thing to expend some
ten millions year for new build
ings and half as much more for new
machinery and improvements Of all
kinds. Every city of any size in
the United States is increasing in
population, yet the increased num-
Der OF men find employment and a
large proportion put up houses OF
their own. They borrow money to
do it, of course, but at q low rate of
interest. The growth Of capital
more than keeps pace with the
growth OF population and the rate
of interest steadily declines.
1t is a melancholy thought that
we are not TO be ruined at all; that
we must face the dredful prospect
Of increasing prosperity. The Nc
Kinley law has ruined no nobody
but Democratic politicians.-Mc
Mlmaukee S.ntindl.