The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1893-07-19

iron anu WH1t hnH.3t4te3s 1
No trade has suffered more ip the
late depression of business than the
iron trade and that and the wool TRADE
seem to be the objects Of Democratic
anlmosltY. 1t Is not pleasant refiec.
ton to know that many thousand men
in this fertile and favorite land are
seeking employment In vain at the
present time. There are many thou
sands In western Pennsylvania, and
II, 600 more in the mining districts OF
Michigan and these belong to one OF
many great Industries. 1t is an In
| dustry which is greatly affected by an
uncertainty regarding the tariff. In
all there are probably more than II
q hundred thousand who walt for
work to-day because the people voted
change last November, and the con.
slant wonder IL not that there are so
many but that there are yet 50 few.
America can stand great deal OF
running 1t has been said and 1t will DO
questioned whether any other country
could bear for eight months, without
even more grave disasters expectation
Of change which when it comes may
take the livelihood from any part OF
three millions of willing and indus
trious men and women. ...-
or such an Industrial revolution,
even the mere responsibility must
, produce some effect.
, There are many who constantly in
. sist that all existing trouble Is caused
i by the Silver Act, and that its re-
Q peal will usher in an new era OF
: boundless prosperity. II this were
. only true 1t would be worth to this
= country more than all the money Of
Q all kinds now In circulation. The
a money 1t could well afford to throw
l. away, beginning to earn more II il
could only enjoy, undisturbed from
this time, the vast earning power ant
marvellous prosperity at which thu
nations were wondering only last DC
:, tober. The silver question is indeed
source Of trouble. But IL that wer
= out OF the way there must still re
. main the question whether multi
= tudes who were prosperously EN-
y ployed eight months ago will be adj
~ q, 10 find work in the mines and shop
- hereafter.
~ The iron industry is one OF thos
- which produce largely upon orders TO
:, delivery months after the work be
y gins. Since the old orders have bee
=. filled, and others do not come becaus
= men do not know what to expect hal
year hence, the closing Of mines an
% the stopping Of work have maize man
-, realize what change must mean 70
- Thorn. The decrease Of 20 900 tons
" the weekly output since May LIST,
VI not exclusively because the tariff is
~ be altered, but all other causes woul
's have been poworless to work SO greI
90 and 80 sudden change.
The wooden manufacture is anoth,
~ which works largely on orders Il
~ future delivery Until about tire
A' months ago it was busy, and man
were rejoicing in the lief that i
10 prosperity would continue, at lea!
10 until actual change OF duties had su
~ jecteu II to new conditions. But wit
- in the last three months the sales
~ wool from the new clip at the prime
~ pal markets have been only 1900. 0
pounds, against 100000 during Il
~ same time last year-a decrease Of
~" third. .....
40 These are changes to not be attribute
to monetary uncertainty only
mainly. They tell OF a most paint
revolution in the condition and pre-
- poets of industries which protect
a.. duties have built up, and which
moval OF those duties would prostra
G Nor were tho failures during the s,
- In ond quarter OF the year all due to
-, law which did not prevent matchlt
~. prosperity under its operation un
last November. The increase in nu
- Der OF failures from 20o0 last year
~ 5000 for the same quarter this ye
~ and in amount OF liabilities from *
~ 600 goo to $13l, 900. 600 this year, bel
no such explanation. Much Of it "
-, directly due to the belief that |
,h. great industries arc no longer to
sustained and defended as they III
,,a been for the last thirty years.