New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-21
party on the tariff is responsible for the present
ruE DEMOCRATIC PARTY RESPONSIBLE.

THE DEMOCRATIC PARTY RESPONSIBLE
"Before the election this country was enjoying
greater degree Of prosperity than was ever before
known In our history. What reason has there been
for this great change from the highest state OF pros
perty general credit and confidence TO the present
depression dslrlst and paralysis Of business Wheat Is
selling lower than before known There has been
no failure In crops great disaster has Overtaken Inc
country Practically there Is about much money
in the country rs there was eighteen months ago,
but now everything Is changed. The Democratic
party said the Mckinley tariff was Chinese wall;
Notwithstanding this wall our country has bought
| more goods than 1t has sold. Democrats predicted
that the effect Of the Mckinley bill wOull be to stop
| commerce In the presence Of these facts and the
depression In business. the President and his party
stand dlzed and dismayed, and we do not hear
word about protection, the high tariff the tax
ridden taX-burdened people Neither the Presi-
dent nor any other Democrat In the country has at
tempted TO explain why the balance OF trade under
the Mckinley act has suddenly gone against To
account for our distress and trouble the Democrats
seized upon the silver bill and have made It do duty
ever since
GLOW Is relief to come from the present situation ~
The blight OF suspense Is resting over the business
| interests Of the country. This will continue In a
greater or less degree until the people know what the
Democratic Congress Is going to do about the tariff.
Everything Is uncertain and unsettled. We know
what the Democratic party Is pledged 10 do what
cannot be told before Congressional action. IL the
people knew they were to have free trade or mod,
soon adjust their affairs to any OF these
dtons and business would 60 on bn, now ther th Is
country can be adjusted This leads to the suspense
aud Uncertainty which prevail, .,n :. nn,,o,,.ors
have been reducing expenses, contracting their busl.
ness. and In many instances closing down We read
OF this every morning In the papers Before the cleo.
tion business had determined TO add 10 their
plants and increase their business immediately after
Congress would do This went all over the country.
| and row having the Legitimate fruits OF TIL.
suspense. disruSt ana uncertainty. The business IN
ter,ss of the country stand anything better than
suSpeESe. II the Democratic party Destroy protec.
iicn. relief will only come after Congress acts. and
how much will depend upon what Is done about the
tarin'
Do you share the apprehension entertained by
certain people that If we d, Join the nations OF
Europe In The gold standard II will be disastrous TO
our trade and commerce
NEED o. Az INTERNATIONAL AGREEMENT.
think it wouli be better for the civilized nations
Of the world TO have International agreement oil
the subject Of money II would b. great advance
In civilization. I'm strengthening business relations
and helping commerce; but It seems that they can
not agree think II is unfortunate: but do not
think failure 10 agree would BE- disastrous rs the
present state OF affair II Is idle 20 say that TINS
country could not on in It's business il II should
not agree With Europe in the matter Of the ,inglr
standard. France maintains the double sinml ri ana
/, prospering. II l. not the kind OF money which
sources. climate, soil Gincs. forests and labor which
mahc = coantry grow and produce wealth:
"The about silver was stage fright at first: II
largely manufactured. bur there has been so
much said and ; much agitation That there IL now
now aarm ln about a' sy%r will consider hat silver
did not the shutting down Of mills or stop
factorles: did moi contraction ~ business and
dii not urn li" balance Of trade against u.s. ana
II they viii think further for moment that me
a'l II rs none, thai not many wears ago. when We
not nearly we'll of-wiih Irse Nati0nai
dol. r,.u tt.ra ,r,- mott thor rald
country. the only money -paDcr-hised rHly on the
faith q the Government and upon no ysncs-b,slne.'
prosperous. our foreign commerce large. amount
Ing - thousand millions per annlm riroad: were
built resource developrd and general ccnhdencss
alarmed aloui silver rs they are. maintain that
Il Is the ,o'o cansc Of the present roubl"s.'
THE DEMOCRATIC PANIC or isos.
Then you ,hnl; tho iroubr In the country and
til" present dIs,urbanc" rather du" to the Demo
cratic cess in November''
Il do Tais viii be- set down the Democratic
panic Of iaa3. brought about by apprehension aud
u.pcnSe on the part Of the bushes, interests .
TO what the Democratic party can or viii do ut the
approaching session 81 Congress after plrdeng scf
TO frpak down tho industrial system ~ the country
and coming into control ~ the Government In all lts
branches for The first time in thirty years. A great
writer has said The unknown Is always m1gnit"l'
and 80 II is even about what the Democrat" party
will do Remembering ts history and IFS policy for
tho last quarter ~ century Of negntion and obs,ruc
tonne constructive but ALWAYS OBJ trnciiye never
hudlnr mp. brt a!wHvs pulling down; hav'ns
natural The people should be filled with anyl"'y ap-
pfrlrnsioh and Suspense. especially WIN they must
wait for nearly before Congress meets, ami then
for Is months after 10 what new system will be
puf into lave f. the business Interests OF The
country. Under th'S" Circumstances II was to b"
expected ~ n predicted. that every business man
fer and Sine" the election would 10 slow reduce
expenses. build additional Plants engage In no new
undertakings make manufactured goods ONLY order
md .ich ~ coud hc sold Immediately. and manuf1c
tilgr nothing for the future. What moved one bust
man affected the others and this spirit Of eau
tor contraction and reduction spread oyer the
whole country. ~" fruits and Outcom" Of which
what now suffering fronl-a Democratic panic
prolonged and depressing. >us pcnsc long drawn ont
i worse than disaster over. An aggregate
-hrinla"" ~ 10 or II per cent In III" business OF
chfnge from prosperity TO dcpr s,lon'