The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1893-08-02
a LAST RESORT.

The republican press is making great
effort to convince readers that the pres
ent depression of industries is due to the
change of administration. sample of
the line Of argument is found in the
following from the Philadelphia In
| quirer:
Last fall we were solemnly assured
that existing conditions were ruinOus and
| that the country wanted a change. The
majority of the people seemed to be of
| that opinion. Well, the change has
come, and here are some of the details
of the change:
Depreciation of $4,000. 900. 900 in the
! value Of American securities.
All the plate glass factories in America
| shut down for an indefinite period.
Blast furnaces banking fires every day
in the week, curtailing the output of pig
| iron enormously.
Textile mills of all sorts in New Eng
land either shutting down or preparing
to do so.
All the large iron mines in the Michi-
gan districts shut down or running with
a short force.
Wool at the lowest figure ever known.
Wheat at the lowest price in two gen.
erations.
Balance of foreign trade heavily
against us.
with no accommodations to any but
regular customers and few new loans of
any kind.
More men out of work than at any
time since the panic of 1873
These are a few of the changes that
have taken place in the last six months.
Business of every kind crippled or
paralyzed.
Are the people satisfied?
There is no person of ordinary intelIi-
gence in the country who does not know
that these are nearly all the results of
the laws passed by the billion-doIlar
| congress, and the remainder are due to
the action of trusts which were not sup
pressed by the last administration.
since Mr.. Harrison went out of office,
and the idea that these things are a
result of want of confidence in a presi-
dent who received the largest popular
vote ever given to any candidate is SIM
ply absurd They are the legitimate re-
suits of the legislation of a republican
| congress, approved by a republican pres
ident. 1t will be remembered that just
tions of 1890, the republican leaders all
TONED in the cry that the people had
been deceived-that they had acted has
tily and injudiciously on the misrepre-
sensations of the democrats. The Nc
Kinley law was all right, but it needed
time to work out" The Sherman sill
yer law was a good thing, but it needed
time to work out. Just wait little
while. and the wisdom of these great
works of craftsmanship would be demon
strated.
The country has waited and enjoyed
their benefits for two and one-half years
more and now the results which were
predicted by the deceitful democrats are
calmly ascribed to the change OF admin
istration. 1t is a case of desperation.
They must make some explanation. They
must offer the people some excuse for
the stupendous failure of the legislation
that had been put in force by the re-
publican party. But there was none to
be made Even the republican press was
forced to admit that the Sherman bill
ought to be repealed at once and with
laughable Inconsistency reproached the
democrats of the house for not repeating
this masterpiece of their great financier.
A few papers maintain that the party
should stin fight for the protection of
American labor" but most of them real
ize that question is settled. Then came
the happy thought, blame it all to Cleve-
land. with eagerness they clutch at
this straw, forgetting that their own
admissions as to the Sherman law have
already barred the gates in that direc-
ton. Apparently the republican party
% becoming badly ratified.
pUyyIIyC POLICY