Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1893-08-03

A .run" begins ON the slightest provo
cation. Confidence Ii destroyed. Pres
ident Cleveland pulled down tho Amer
lean nag In Honolulu and went fishing
The country has got Its change. How
does II like itS-Philadeiphis Inquirer
bars benocrats bsny Itr
One yesr ago the prosperity OF this
nation was ut high water mark. Eigh;
teen hundred and ~ninety-two was the
banner year Of American industrial
progress. During the twelve months
ending at midnight on the thirty-firsi
day OF last December the AmericsA
people produced more and consumed
4 more than In any year Of their history
Our foreign trade broke all records BY
its magnitude. The volume of our in.
dustrial production and OF our ex.
change OF products among ourselves
went far beyond ell president. Wo
produced a million tons more OF pig
iron than in 1891, and 100000 tons
more than Great Britain. We pro-
duced 100000 tons Of steel rails moro
than in the preceding year. We con-
sumed 59,000,00O pounds more wool
than in 1891. Capital and labor were
alike fully and profitably employed.
The factory wheels revolved uncea
ingly. Wages were higher than ever
before. Confidence was universal.
Credit was freely extended. The in
tegrity Of the currency was assured.
There were fewer commercial failures
than In any year since 1882. The cree
alton of wealth for the nation and COM
petence for the toiler went on apace
under the shield of Americas second
Declaration Of Independence, the Nc
kinley law.
Until the Bourbons and the Social
lists elected Grover Cleveland there vas
every prospect that the same condi-
tions would prevail during 1899. The
capital OF the nation, the executive
ability Of Ats leaders of industry, the
enterprise OF its merchants and the
skill OF its trained workers were at tho
highest point on Nov. 8, when the DEM
ocratic party triumphed on o platform
that declared war on every American
interest. With the election OF Cleve-
land manufacturers and merchants be-
gan to trim their sails in anticipation
Of the coming storm. With the inaug-
uration OF Cleveland the storm burst.
| Confidence vanished. Credit fled.
Capital hid itself. Securities in which
q large proportion Of the country's
wealth was invested rapidly dwindled
in value till the loss to the people ex-
ceeded 81, 200, 0O0, 900. Bank after bank
went to the wall. The liabilities Of
commercial failures for the first six,
months OF the year were more than
double those OF the corresponding Pc
Rod Of 1892. Menaced by revolution,
| American industries ceased to expand
! and began to retrogra1e. Production
has fallen and wages have fallen with
1t. Every plate glass factory in the
country has shut down. The great
iron mines of the Northwest have sus-
pended operations. Blast furnace fires
are being banked. Trade balances are
against us. Textile mills are every
where closing or restricting their prod
| Ect. The prices of wool and wheat
have shrunk to a ruinous figure. The
| farmer suffers with the merchant and
| the manufacturer. Tens of thousands
Of American w~orkingmen who last year
I were busy and prosperous are idle and
facing restitution to-day. Is there n
Democratic organ that dares to assert
that the disaster which has come upon
the country since March 4 would have
occurred If the Republican party had
continued to control the Government?
The silver Biil.
1t is conceded by everybody that the
Sherman silver purchase act was mere
ly an expedient to prevent something
worse. That being so, there would
seem to be no reason why the law
should not be repealed at the earliest
possible moment. OF course the silver
mines of the West will make q struggle
against the repeal, but they will be
forced to depend upon q natural instead
OF q forced market, provided, of course,
that Congress does not precipitate free
coinage, the very evil that the Sher-
man law was intended to guard against.
Whether the repeal will relieve the
present strained condition of affairs,
vel ii a worse law is not substituted,
remains to be seen, At any rate, events
will demonstrate that the prevailing
stringency is due. not to the silver bill,
but to universal distrust of the Demo-
cratic Observation-Disclosures Her
aid.
stand Up for the o,d Soldier.
1t is announced that Representative
Burrows Of Michigan proposes to in
troduce q resolution early in the extra
session OF Congress calling for an in
quiry into the treatment Of the Union
veterans by the Cleveland administra-
tion. Such a resolution should be
brought forward, and it should be sup
ported by the full Republican strength
in the House. Republican speakers on
the floor Of Congress should character
ize the Democratic campaign of SLAM
der and malice against the old soldiers
in the terms which it deserves. Moth
ing Gamer or mOr unpatriotic has
been witnessed in American politics
than the scheme of the present admin
istration to assail the good name of the
veterans under the pretense Of honesty,
and to plumber them Of their hard won
pensions under the plea OF economy.
The General, Lack OF Confidence.
Nothing shows that the real cause OF
all Il present financial and CONNER
cial troubles is not the Sherman bill or
any other bill, but the general lack OF
confidence in the Democratic admins
tsation, more than the fact that, in spite
OF the growth Of the gold reserve to
over 9S.OOO,9 the money s~tringency
continues rs desperate as ever. In
vestors, capitalists, especially foreign
ones, are afraid of the attitude of the
Democratic party on the silver ques-
tion. They fear that with the party in
power we shall have free coinage Of
silver, followed by a Reputation Of our
obligations in gold and their payment
in silver. No man wants to invest q
dollar II he thinks he is only going to
get So cents back, and that is the key
to the situation.-Ex.
Cleveland and His Duty.
While the banks and business houses
of the United States are going to wreck
and ruin President Cleveland is carous-
ing with d few New York stock brokers,
who are his boon companions, on Broker
Benedict's yacht, the Oneida. Does
anybody suppose that If President
Harrison had been reelected last No