The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1893-04-22


Every day business men hail each
other Ia tho streets ind AJAX each other
about tho times, all agreeing that busl.
ness Is not so brisk as OF this time last
year nor even as also short time &c last
fall or Jaguary. The questions that
atlse are what are the causes, where
will the depression end and what are
the remsdiess There In general desire
not to attribute tho causes 10 political
Influences but after close investlga-
tion Of the matter there seems to DO
no esttlng away from II.
u people will tako the trouble to
trace matters back to last summer
they will lind that there never was q
more hopeful condition Of trade. but
which condition vanished rs soon as
. Democratic President and Demo.
cratic Congress were elected. Since
che results OF the election became
known there has been gem
oral decline In all sorts OF products
and properties. This fall commenced
the very month the election was over,
with large exports OF gold, there be-
ing q general unwillingness Of for
eign houses to make advances on
American securities. and 1t will he no.
tlced that ever since Cleveland's cleo
ton tho decline has gradually CON
tlnued.
With the Cleveland administration
not yet two months old. it il declared
that silver payments will be ordered
at once for part of the lagal-tender
notes. Whoever wants can compare
the prices Of stock and important pro-
ducts during,the last three months. aud
they will be struck with the decline
which has resulted and with great
losses to the holders. II all depart.
ments OF trade were considered II
would DO found that more than $780,.
o0c. 600 has been lost to individuals
since change In the administration
took place.
1t cannot be denied that the general
condition Of things before the election
was lifting the country over every bar
and difficulty. The growth of manu-.
features was unprecedented. but that
growth has been checked. Moreover,
there was every reason to believe that
this state OF things would con.
tinue, but the country has to face en-
tirely different conditions. Manufac.
lures are no longer extending but in.
stead ore being curtailed. The sales
OF wool were smaller in March than In
February. Cotton has declined more
than cent pound since January.
The prices Of iron are weaker and
the business Of the nation In general
is, beyond all question. relatively
smaller than in last October or even In
january. There is a perceptibie shrink
age in trade already on account OF O
change in the National policy, though
the administration is not yet two
months old. In the face Of all this II
Is becoming very plain that the PresI.
dent will be forced into antagonIsm
with q large portion OF his party
and will not be able to control legisla-
ton. European investors see ali this
and they see that Cleveland is show,
ing some indications of yielding to
the demands of the West and South.
All this affects foreign purchasers OF
American securities and stimulates
the outgo Of gold from the country
The whole matter is the cause OF dis
trust in the Democratic party. aud
where this will lead to is hard to tell
We have but to consider for a mo.
ment what the feeling in the business
world would b9 to-day Ii irstead o.
Presldent Cleveland, President Gran
or President Harrison were at Oh,
White House, and il instead OF q
Voorhees, Crisp Congress there were al
Aldrich-McKlnley Congress to meet
this year.
Is there any business man who
would not feel the difference? Their,
is no use Disgusting the fact that the
present depression in business is tht
result Of a change 10 the administra
tion, and If widespread disaster is tc
follow, those who put the present ad
mlnlstratlon in power must take thu
consequences.