The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1893-12-07
John Ndgle Esq,
Editor Mdnito1roc Pilot,
MAGIroWnc WIS

TpaGlrg E1dLler-lQ IefeSIl0S. lQblTuCllSN,
truthful, candid, tair. But there are ex-
ceptions to ali rules, and it seems to me
that in writing up the leading editorial
al ticle in The Pilot of August 3rd,yOu
departed from your usual custom, broke
tie rule and made the exception.
You we're correct, and I agreed with
you fully, when you said IN that article
that, There was no longer any use ID
divesting the present difficulties of poll
teal significance"
No, Mr.. Maggie, we canpot, no matter
how hard We try, wholly divest any pub
lie question, whether big or little. state
or national, of politics. / am glad this is
60, for the reason that.-in my humble
judgment, politics, taking the good with
the bad, the clean with the unclean, has
done and is still doing fully as much, if
not more good in the world than religion,
science and everything else combined.
In the editorial herein referred to, you
used the following language There is a
lack Of confidence today, not because of
the Sherman law, rut because OF any fear
OF change OF the tariff laws, but because
it is known that the tariff and the wild
speculation incident, have been produc-
tive of mushroom institutions which are
unable to withstand the pressure OF hard
times" The above ought to have been
worded just little differently and should
in my opinion, have read about as fol-
lowa, in order to be correct.-"There is a
lack of confidence to-day. august 3rd)
not because of the Sherman Law, but be-
cause Of the fear in the minds OF all
classes of people, democrats as well as
republicans, that the present tariff law
would be greatly changed or wholly re-
pealed and a free trade tariff law enact
ed IN It's place in accordance with the
democratic platform of 1892"
This you will notice sounds entirely
different, is, think better, nearer being
true, and, states exactly, what In my
opinion, has been for the last Blk months,
and still is the real trouble with the en-
tire business of the country.
Now why did not this lack Of conf
dence, viii ,h If understand you correctly
caused by the present tariff law, show 1t.
self IN some way, about the time the law
went into effect, or at some time be-
tween the date which it took effect and
the 4th of March last, period of nearly
three years?
The real facts are, and the PLAIN truth
is, that there we're no symptoms, nor the
least signs in any part OF the cou ntry OF
a want OF confidence nor the slightest
feeling of doubt or mistrust, till the peo
pie began to realize that the dem ocratlc
PARTY would get entire control OF both
the Legislative and executive branches OF
| the government for the first time In 81
years, and would attempt to put their
free trade theories and other political
dogmas and heresies into law and prac
| tice.
| Let me draw your attention to and at
the same time respectfully ask you tC
| please correct, some mistakes and mis-
leading statements you have made IL
your article. First you say-'These por
| tons of the United States which have
made most apparent progress under the
tariff laws have suffered most in the
show down. and that factories have been
built by adventures who did not have 6
cent of their own and these factories
| when built sucked the life blood of the
banks with which they did business
and the money of the depositors, has
been squandered on these wildcat insti
| tutIons,' meaning of course, factories.
The above is entirely wrong, inaccur.
ate, misleading, and you ought to take ii
back, or at any rate apologize to tie read.
ers of The Pilot for having IN an un.
guarded moment made a statement sc
different from, and at variance with, the
real facts of the case. 1t is not fact
that the old established factories that
have been enlarged, nor the new ones
that have been bull and started up in all
parts of the country since the present
tariff laws went into effect, have been OF
are now sucking the life blood out of the
banks, and squanGering the money of the
depositors.
Take Milwaukee, Sheboygan, Racine
Lacrosse, Oshkosh, Fond du Lac, Apple.
ton, Neenah, Menasha and other cities !
might mention, all of them built up and
sustained principally by manufacturing
industries. Have the factories in these
cities been sucking the life blood out OF
the banks and squandering foolishly and
recklessiy the money of the depositors?
No, they have not. There may be, but l
don't know Of but one case in this state
during the last 20 years where any bank
| has suffered to the extent of being forced
| into bankruptcy on account OF money
loaned to or credit given a factory, and
that case happened TO be III your own
to prove your case, and make good your
charge against factories by pointing to
the failure of Lappen and the Plankinton
bank as an illustration.
Now, friend Nagle, under the rule Of
common sense, candor and fairness 1
can't for the life of me, see or understand
how you can make out, that the factories
or manufacturing industries in the city
of Milwaukee caused. or were In any way
to blame, Or responsible directly or indi-
rectly for the failure of Frank Lappen or
the Plaukinton Bank. Was it factory
or the factories in Milwaukee that caus-
ed the ruin Of the Mitchell Bank? No.
Was the failure of any one Of the banks
in Milwaukee caused by money loaned to
or credit given the factories in that CITY !?
IL l. i 4 T.