The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-09-05
THE PAST AND THE FUTURE.

!
Agitators who are endeavoring to turn
to political account the financial and
trade troubles OF the past few months,
and therefore attribute these disorders to
the Democratic party, do not reflect upon
the past nor are they wise as to the future.
There have been seasons of depression be-
fore, and they under the full sway of Re-
publican authority. Existing evils Will
pass away, and before another Presiden-
tiai election occurs the tide of prosperity
that will flow in as the real effect Of DEM
ocratic agencies in action, will demon
strate the foolery and falsehood of those
Republican disturbers.
| When President CLEVELAND COM
menced his first term the country was in
a condition very little removed from the
present depression. There had been I'M
der President ARTHUR money crisis SO
stringent that the banks of New York
closed down on loans, even on govern
ment securities. It was time of finan-
cial terror. After the Inauguration OF
| Democratic President there was general
revival of trade and industry. AS proof
of this we quote from the annual Cyclic
p9dia:
'sAt the close of this year the feeling
was far more encouraging than it had
been at any corresponding period since
| 1881. The iron industries exhibited IN
mlstakable signs of recovery; business
enterprises were in very satisfactory
state and the losses by failure had been
comparatively few; the industrial situa-
s4,l = lol@
| joying more harmonious relations; wars
between the important railroad lines of
the country had ended, and peaceful as
surances had been sealed by formal COM
pacts; confidence aCGs almost universally
expressed In arise administration Of the
affairs Of the country; the crops OF the
year had, with the solitary exception OF
winter wheat, been abundant; the ex-
! perience OF the previous six months had
shown that trade needed but a gentle
stimulus to make it active, and that spec
ulation generally was on healthy basis
and the nation was at peace with all the
world.'
When the Republican party took hold
again in 1889, they found the public debt
greatly reduced, the customs receipts
largely increased, the annual surplus in
the treasury exceeding one hundred mil
lions of dollars. commerce and industry
fourishing, labor receiving good wages,
an immense supply of gold on hand and
times as prosperous as they had ever been
in the history OF the country.
AS soon as the Republican party could
get in its work and the fruits of it could
ripen, disaster set in. The burdens that
came from highly increased tariff
weighed down the agricultural and labor
ing classes. Prices of products declined,
wages were reduced, strikes followed,
lockouts threw thousands of workmen
into idleness and rioting disturbed the
land.
If it had not been for the abundant
crops of 1891 and the demand for bread
stuffs in Europe, there would have been
nothing to relieve the darkness that be-
gan to overspread the country. In 1892,
premonitions of coming panic disturbed
financial circles, and the approaching
crisis was predicted in the public journals.
The pressure felt by the body of the peo-
pie caused the revolt against the Repub-
lican party which routed it horse and
foot at the election of last November.
The new administration came in
as the evil results of McKinleyism
and Republican financial plumbers
were eliminating. The treasury had
been Fostered until it was well-nigh
bankrupt. AS a prominent Republican
journal admits: Another month of
FOSTER would have driven the treasury
into insolvency." The Democratic party
is looked to by the nation to lift it from
the slough of despond into which Repub-
licanism has pushed it. The authors of
these evils charge them to the party which
has protested all along against the policy
which caused them.
Redemption will surely come. AS soon
as the SHERMAN makeshift has been
cleared out OF the way, the repeal of pro-
visions which have helped to bring dis
tress will be repealed. Excessive duties
on imports of necessaries will be reduced.
Free raw materials will supply manu-
faeturers with what they need to
mix with home products. An increased
demand for these will advance their prices
and labor will be employed. Trade and
industry will flourish. The silver cues
ticn Will be satisfactorily disposed of.
The results OF Democratic laws, in actual
operation, will be seen and felt in the
general prosperity. And by the time that
another national election comes round,
the sophistries and receptions by which
Republican demagogues and their organs
have sought to beguile the people, will
be exposed in the sunshine of the
frightened times and the voters of the
United States will know that they made
no mistake, when they called on the
Democratic party to redeem the land from
Republican misrule.
Suits to order from $50. Buckle & Son.