Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1893-08-17
Dare Democrats Deny 1t.

One year ago the prosperity of this
nation was at high water mark. |
Eighteen hundred and n~inety-two was
the banner year of American indus
trial progress. During the twelve
months ending at midnight on the
thirty-first day of last December the
American people produced more and
consumed more than in any year OF
their history. Our foreign trade broke
all records by its magnitude. The
volume of our industrial production
and of our exchange of products
among ourselves went for beyond all
precedent. We produced a million
tons more of pig iron than in 1891,
and 1000, 900 ons o than Great
Britain We produced 200 900 tons
of steel rails more than in the pre-
ceding year. We consumed 59,OO0.-
900 pounds more than in 1891. Cap
ital and labor were alike fully and
proftably employed. The factory
wheels revolved increasingly. Wages
were higher than ever before. Conf
dence was universal. Credit was
freely extended. The integrity of the
currency was assured. There were
fewer commercial failures than in any
year since 1882. The creation OF
wealth for the nation and competence
for the toiler went on apace under the
shield of Americas second Declaration
OF Independence, the Mckinley law.
Until the bourbons and socialists
elected Grover Cleveland there was
every prospect that the same condi'
tions would prevail during The
capital OF the nation, the executive
ability of its leaders of industry, the
enterprise of its merchants and the
: skill OF its trained workers were at
; the highest point on November s
[ when the Democratic party triumphed
on a platform that declared war OF
every American interest. With the
I election of Cleveland manufacturers
and merchants began to trim theil
sails in anticipation OF the comm,
storm. With the inauguration o
Cleveland h storm burst. Confidenc,
vanished. Credit fled. Capital bic
itself. Securities in which a large pro
portion of the country's wealth wa
invested rapidly dwindled in value til
the loss to the people exceeded 81, 900,
l 600, 900. Bank after bank went tt
e the wall. The liabilities of comme
d clal failures for the first six months O
. the year We're more than double thos
II of the corresponding period OF 1892
II Menaced by revolution, American in
dustries ceased to expand and begal
to r~etrograde. Production has falle,
and wages have fallen with it. Ever,
plate glass factory in the country ha
t shut down. The great iron mines c
the northwest have suspended opera
'e tons. Blast furnace fires are bein
banked. Trade balances are agains
Ic us. Textile mills are everywhere clos
le ing or restricting their product. TIL
prices OF wool AMI wheat have sun
n to a ruinous figure. Thefariner suffer
with the merchant and the manufat
turer. Tens of thousands OF Amer
!" can w~orkinginen who last year wer
busy u prosperous are die an
ne facing restitution today.
1T The Press asserts explicitly and d
lie rectly that the prevailing condition
" disaster have been brought about b
the threat of Democratic free trad,
j 1t asserts that the loss of the peopl
through the depreciation OF securities
the paralysis OF credit and the stagns
> ton OF industries would not hav
ne taken place if Benjamin Harriso
e. had been elected instead of Grove
ce Cleveland. The Press challenges Den
re ocratic newspapers to deny this stat
ment. Is there one Democratic orga
S. that dares to assert that the disaste
which has come upon the countr
~ since March 4 would have occurred
j. the Republican party had continue
- tocontrol the government?-New Yor
Press.