Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1893-07-29
Ex.PRESlDENT HARRISON.
The New York World Publishes His views
m the Cause Of Business Depression.

III. New York World Publishes His Views
nm the Cause OF Business Depression.
NEW YORK, July 24.-The World
prints the following as ex-Presldent
Harrison's expression on the existing
business depression:
the Sherman act is not alone responsible 1or
the prevailing want Of confluence that th's
country now experiences The distrust IS not
against silver only. 1t Is not against govern
ment issue OF silver People are not hoiolhs
gold through the country, Relatively Solu Is
circulated as freely as silver. People are hoio'
ing gold from the circulating banks OF the sas
insinstitutions and are locking 1t in safe oe-
| ,osi, yoults or hiding II away in old stockings
| T,,ev do this not because they have not con-
adence in government money, but because tney
ara fearful of business calamt1es. The ais
tr,st Is increasing and the outlook is gloomy
| The Sherman act is not the sole cause OF pau
| ,ines That measure h IS served It's PURPOSE
| tits true but IL is not responsible LOT the ue
| n,pssion which overhangS commerce, traoe.an
agriculture s.,,.-
Tbe nreseut party in power came on state
| mept of It's principles, formulated ana proHiuf
| oatea at Chicago, where gathering which rep
resented diversity OF political beliefs ana PREF
| udices gave this statement to the country as lue
platform of the democratic party ~ was ah
nounced to the country that Inc exisuhg sya
tenn OF tariff should be modified TO the eAeeh'
~ a tariff for revenue only On this basis the
candidates Of the party now IN power wel'
| eiected. The enormous manufacturing inter
ests we're. of course, duly impressed, ana De
came compelled to suit themselves to the con
ditiop TO which the Chicago platform mus
logically lead .,
Ills ,mpossible to bridge over suddenly Tn
wide chasm intervening between comparatV
free trade and the protective system uhae
, which the nation grew rich, without proiohHe
. copvu,sions in trade Great economic change
do moi adinst themselves with celebrity; hence
fearing changes. they stop workshops an
prices shrink
II the Chicago enunciaton OF principles Is
0 be maintained business must prepare ior
change. According to its principles tne so'er'
> ment is pledged TO reduce the 'ar,n 10 u
standard OF the Chicago convention. Ihe ous
ness OF the country cannot prosper unoer u
circumstances Distrust is widespread, ever
thing languishes. A.,
j, The heterogeneous political elements tn'
r will meet at Washington in August will repr
sent free trade and many theories contrary
q business stability The conservative peop
:. stand arhast at the pos ,ibilities and are ril
ming sails to suit the weather
; The outlook is dark because 1t Is dihicuit
l. see how relief is to come, Tho cstrust might
y dispelied, perhaps, but how? In one sense
situation Is theatrical. excitement may
calmed by stroke Of inspiration
% How can the present somewhat anaiogo
n condition be changed by suddenly inspreu Y.
lie fdcnce? The leaders Of the party In pow
: Ewill scarcely acknowledge that its princip
: are mistaken ones, that the Chicago plaHo'
3 was false and should be repuiiAtei can
lie no Moses ut present who will lead the ousin'
world out Of Its Egyption darkness