The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1893-09-28

ter employed labor than from the passage
Of the law Of 1890 down TO the election Of
1899, when 1t was determined that the Sen
ate Of the United States would be Demo
cratic and all the branches Of the Govern
ment would be in the hands of that party.
r.. g. Dun e. Co.'s Weekly Review of
Trade of Dec. 81 1892, says.
"The most prosperous year ever known
In business closes today. The year 1892"
from the same authority, was remarkable
for fewer failures than occurred in any
other year since 1886, the number reported
being 1884, 1929 less than in 1891. The
largely increased number of traders and
the enormous increase of production for
the year render these figures most insignif-
can't"
The Change That Has Come.
Everybody will regret that these condi-
tions have been changed and that the
change has been unfavorable to the Ameri-
can people. Bradstreet's Commercial
Agency has received reports from 800 manu-
featuring establishments at 210 different
points that have closed their doors since
June 1, and says that summary of the re-
suits of the investigation shows that no
fewer than 900 industrial, building
trades and mining employees have been
thrown out of work within the period
specified, due to the absolute closing of the
establishments in which they were engaged
or the shutting down of work at the mines.
The Bradstreet Commercial Agency gives
its conclusions as follows:
"When it is realized that this report,
complete as it may be, is quite incomplete
80 far as the country at large is concerned,
even with respect to manufacturing estab-
lishments which have wholly closed down
for one reason or another, and that it takes
no account of the thousands of reductions
OF working forces in either manufacturing
establishments, in commercial houses or
by transportation organizations large and
SMALL it becomes plain to the casual OBJ
server that there are in all probability no
fewer than 100000 or 100000 idle employees
of manufacturing, commercial and other
enterprises at this time who were nearly if
not ALL actively employed three or four
months ago. and that not more than from
one-tifth to one-siXth of this number may
be fairly said to have been out of work the
past two months owing to the customary
midsummer shuttings-down, or to the ne
cessity for repairs or the taking of invent
ories, even if the not infrequent midsum-
mer wage disputes in the iron and steel in
dustries be taken into account"
We Must Not Lose Heart.
This situation of things needs no com.
ment or elaboration. The President him
self, whose constitutional duty it is to adj
wise Congress of the condition of the coun-
| try has sounded the alarm and proclaimed
in solemn message the calamity that is
! upon us. 1t is a matter of deep concern
/
wisher of his country that the splendid
prosperity OF year ago has been trans
formed into situation of such business
gloom. We must not lose heart. Conf
dence and courage are half the victory.
| The people once aroused to the gravity of
the situation, will not surrender, but find
a remedy, as under our political system
they have remedy at the polls.
More Gold Would Go Out.
This changed condition is not the result
| of our monetary system. Whatever evils
If any, are to be found in that system, they
can in no way account for this wholesale
curtailment of production and dismissal OF
employees from their accustomed workshops
The cause lies deeper than all this, and it is
found in the fact that everyone of these
great industries are threatened with de
struction by the party in power. You can
producing for the future when they dc
not know what that future will be. They
can only wait and see; but waiting is para
lyaing to the business of the country and
brings distress to every man who works
for wages. An adjustment of the tariff,
every industry of the country. 1t affects
the cost of production and the price of such
product in the market The producer is
therefore unwilling to accumulate his prod
uct for the future demand, the profit Of
which may all be wiped out by change in
the tariff.
Make Money Plenty at Home.
The complaint is made that the gold
goes out Of the country. II we had free
trade or a revenue tariff this complaint
would be aggravated, more gold would &C
out of the country to pay for foreign prod
ucts, and less would remain at home
Nothing keeps gold at home more certain.
iy than the buying Of goods at home, and
but for the protective tariff we have today
in the last II months millions moro Of gold
would have gone out of the channels OF
business in the United States to foreign
countries to pay for, foreign goods; The
more we buy abroad the more gold we
send abroad to pay for it. And it has been
fortunate thing that certain importations
were made more difficult by the law of 1890
otherwise we would have had less gold al
home than we have today.
The Degradation of Labor.
There is no occasion for this situation ex
cept the uncertainty which everywhere
prevails. We have the same men, the
same money, the same manufacturers and
the same markets that we had a year ago
but the trouble is that we have another
management. We have the same pluck
and the same perseverance, and the same
year for another policy. We have the
same energy, the same enterprise, the
same great plants, but few, If any, are run
ming to their full capacity because of feal
OF the policy which the people decreed last
fall should be carried into public law The
proposed new policy means new conditions
and new conditions mean depreciation o
values and the degradation of labor. We
can not avoid this result if we have reve
nue. tariff. Everything must be brough,
down to the plane of competing countries
and our own experience teaches that when
ever protection has been abandoned in the
United States, in the language of the
National platform of 1888, "every industry
has been paralyzed but that of userer anG
the sheriff"
Bring Those Prices Back Again.
Three years ago, two years ago and ever
one year ago, the cry went forth in th'
land that protection was a robbery of tn,
poor, and the people, blinded by the fals'
cry, voted to abandon it, but no sooner
was that done than the workingmen wer'
robbed of their wages and the business o
the country robbed of its prosperity TIL,
most persistent cry was made from on,
end of the country to the other by Demo