The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-07-24

wages aud to increasing the burdens OF
the debtor classes. Ii gold were abund'
ant and could DO easily found there
would be no objection to making all
money out Of gold. Within twenty
years silver has sold at a premium in
New York City, and this may be the
case within ten years again"
Then You think there Is some UNDER
lying cause for the present trouble out
side OF the silver question:"
II do. In the last campaign the
tarill and protection formed the para
mount issue, Silver has been made All
issue since the election, and largely by
the President. The Democratic plat
form at Chicago condemns protection.
During the campaign Mr., Cleveland and
Democratic speakers made persistent
war on protection, Some of the Demo-
cratic speakers sought to array labor
against capital; intame tho popular
mind against manufacturers by per-
suading the people to believe that they
were robbing the government, charging
us a result OF which that the rich were
growing richer and the poor poorer,
Tho Democratic party was clearly
pledged IN the destruction of protection
and the tariffif 1t should get into power.
REPUBLICAN, PREDICTIONS PULVILLED,
"lhe issue was squarely met. The
Republican party in Its platform COM
United itself to protection, and during
tho campaign it, press and speakers
predicted that II the Democratic party
succeeded. with their purpose and
pledge to destroy protection, just the
present state OF affairs would come
about, II was stated on tho stump, and
by the Republican press everywhere,
that the result OF Democratic success
would be generally paralysis in busi-
ness, the closing Of mills, the shutting
up OF factories, distrust aud want OF
confidence throughout the country.
The reasons urged then for the sound
ness OF the position OF the Republican
party are good now, Republicans be.
lieved that the destruction OF the indus.
trial system which began with Wash.
ington and has continued ever since
would be- lraught with disaster and
ruin.
"In my judgement ths present trou.
blea result largely from the fact that the
people after the election believed, and
had a right to believe, that American
industry was doomed TO destruction,
that tho industrial polity under which
wo have 40 much p%rospered VAS TO DO
set aside and some untried system take
its place. This led every manufacturer,
mill owner aud business man to adopt q
cautious and conservative course, u pol
icy OF contraction, to refuse to build ad-
ditional plants or to add to their manu-.
featuring establishments, the result OF
which helped to bring about the pres.
ent depression.
''Then you think the position of the
Democratic party on the tariff is re-
sponsible for the present troubles2'
Ill DEMOCRATIC PARTY RESPONSIBLE.
Before the election this country was
enjoying a greater degree Of prosperity
than was ever before known in u
history. What reason has there been
for this great change from the highest
state OF prosperity, general credit and
confidence TO the present depression,
distrust and paralysis Of businessf
Wheat is selling lower than ever before
known. There has been no failure in
crops; no great disaster has overtaken
the country. Practically there is about
as much money in the country rs there
was eighteen months ago. but now
everything is changed. Tho Demo-
cratic party and the Mckinley
tariff was q Chinese wall notwithstand-
ing this wall Il country has bought
more goods than it has sold. Demo-
Gratis predicted that the effect Of the
Mckinley bill would be to stop com
MERGE. In tho presence Of these facts,
and the depression in business, the
President and his party stand dis
mayed. and VIC do not hear u word
about protection, the high tariff, or the
tax.ridden or tax-burdened people,
Neither the President nor any other
Democrat in the country has attempted
to explain why the balance Of trade
under the Mckinley act has so sud-
denly gone against US. To account for
our distress and trouble the Democrats
seized upon the silver bill aud have
made it do duty ever since"
"How Is relief to come from tho pros
ent sltuationH"
1.-THE blight Of suspense Is resting over
the business interests of the country.
This will continue in q greater or less
degree until tho people know what the
Democratic Congress Is going to do
about the tariff. Everything Is uncer-
tain aud unsettled, We know what the
Democratic party is pledged to do;
what it proposes to substitute for what
1t promises to destroy cannot BIO told
before Congressional action. II the
people know they were to have free
trade, or u moderate tariff, or q tariff
for revenue only, they would soon ad.
Just their affairs to any ono Of these
conditions, and business would Don;
but now there is no system TO which
tho business interests OF the country
a be adjusted. This leads to the sus-
pensO and uncertainty which prevail.
"Just after tho election and since it
manufacturers have been reducing ex-
ponses, contracting their business, and
in many instances closing down; we
read of this every morning in the
papers. Before the election business
men had determined to add to their
plants and increase their business; i'm.
mediatcly after II they determined not
TO do 80 until they knew what congress
would do. This went all v G the
country, and we are now having the
legitimate fruits OF this caution, con.
sorvatism aud inactivity in tho form Of
suspense, distrust and uncertainty.
The business interests OF the country
can stand anything better than sus.
ponso. : II tho democratic party
destroys protection, relief will only
como after congress acts, and how much
will depend upon what 10 done about
tho tAril.h