Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1893-05-18
The Financial Condition.

The Financial Condition.
That there is decided furry in bust
ness circles is quite evident to any one
who reads the daily pspers. Business
firms are going to the wall all over the
country and general feeling of I'M
easiness exists everywhere. Whether or
not il is to be Of short duration. and
limited to companies doing business
nearly altogether on credit or borrowed
capital remains to be seen. Some banks
closed their doors in order to save them
selves from the effects of run"
caused by panic, and as soon as the
panic was over have resumed business
again. The assigned cause fer this
disturbed condition Of things IS the
stringency of the money market. Some
gold, it is true, has been sent to Europe
but certainly not enough to seriously
disturb business here. The uneasy
condition of things arises from the fact
that the present administration is one,
so far. without policy. The admin
istratlon journals and speakers every
where last fall proclaimed that the
policy of the republican administration
was all wrong. Its revenue policy was
nothing but robbery of the people and
it must be done away with. The cry of
Reform echoed and re-echOed over
the entire country. Wild cat schemes
of banking caught the attention of one
section, while vision of free silver
rose enticingly over another. The pre-
iudlce of the ignorant swarms in the
great cities was appealed to in every
way. In some states where there was
a strong populist party and the demo
cratic party was in helpless minority
combinations and trades were made
with the hope of beating the republi-
cans The downright fact of the
matter is that it was anything to win,
and they won. The party is in no hurry
at all now about Reform = The rob
Der tariff goes on robbing Just as it did
before election, there is but little talk
about an early session of Congress and
what there is, is not at all responsible.
The whole attention of the administra-
ton is taken up with trying to fit The
most available man into some official
position. If this administration has
any different financial policy no one
can find it out and what is worse there
can be nothing but grave doubt as TO
its ability to outline such policy The
elements of which il is composed are
too discordant Populist. green hacker,
free silver, free banks, low tariff. free
trade, tariff for revenue only, and sound
money men are all to be found in the
democrats congress- and are there to
advance ther particular views in the
supposed interests Of their particular
sections The nation rs whole is to
stand aside while the Kilkenny fight
goes on. President Cleveland is I'M
doubleday perfectly sound on the fiuan-
eial question but President Cleveland is
not Congress or the democratic party.
aud hot heads and empty heads will
wag in the next congress, under the i'm
preston that they are bigger than the
president or any BODY else this side the
golden gate. The democratic party
won last fall under ring.streaked,
striped and spotted banners They had
so policy then and they have none now.
They simply howled then and the
country is beginning 10 howl now
What else could the country expectp
The party of negation and disintegra.
lion is ostensibly running things or
letting them run themselves. History
is very apt 70 repeat itself How do
sou Ike the outlook?