New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1893-08-30
TRUE CAUSE OF THE CRISIS.
The Cries Of the Unemployed Go Up All
Over the Country.
Congress Appealed to Not to Turn Deaf
Ear to Them.

49, '1N-">>>-'~'
The Democrats are lahoring hard to make
believe that the present business troubles
are entirely owing to the purchasing
clause Of the fisherman hill.'.
That bill was in force for two years
during the Administration of President
Harrison, and the country was never
more prosperous than during those two
wears. am no a(lmirer Of that law NV
Judgment is that it should never have
been passed. believe that such law can
work only mischief in our monetary sys-
tenn. I wish every Republican in Con-
gress would vote for its speedy repeal.
The great majority of them. in both
House and the Senate, will no doubt so
vote in few days. If the law is not re-
pcalel, it Will be because ma jority Of
the Democratic members of both House
and Senate vote against its repeal.
The Republicans were responsible for
the passage Of that law. No one will
deny that. But it is also clear that the
law was passed to prevent the passag age
of something worse. Mr.. Cleveland adj
mits as much in his message. The Re-
publicans voted for that law not because
they liked its provisions, but because
they preferred that law to unlimited free
coinage of silver. The law has not &C.
complished what the advocates of free
coinage who voted for it promised that
it would.
I repeat, the law was passed by Re
publican votes alone. That fixes the re-
sponsibility of its passage upon that par
ty. If it is not repealed it. will be on
account of Democratic votes against such
repeal. Hence, the responsibility of
keeping it longer on the statutes will rest
upon the Democratic party. They can
in no way shift that responsibility upon
any one else.
But be that as it may, I am writing
This article to show my readers great
mistake, which, I fear, is likely to be
made. Any person who thinks that the
present difficulty. in the business of this
country, comes entirely, or even mostly,
from the workings of the Sherman law,
will, in my opinion, live to learn his mis-
take. The Sherman law has no doubt
caused some of the trouble. The
bulk Of the trouble however,
comes from the fact that the business
men of the country have no confidence
IN the business sense of the party now in
power.
Had the Republican party been sue
cessful in the election of last fall no such
trouble would have come upon our peo-
pie. The laws now in force are precise
ly the same laws which We're in force for
the two years (preceding that election.
They have not changed a single iota.
When these same laws were in force un-
der Republicans rule, our banks were do
ing safe business our manufacturing in
dustries were running on full time, labor
was we'll employed, and the country was
generally prosperous. The state of af-
fairs existed simply because our business
men had confidence in the party then in
power. The moment that party was de-
feated, the trouble began. What caused
such change? slack Of confdence''
say our democratic friends. Lack of
confidence in what? Lack of confidence
IN our monetary system they reply. How
can that be possible? There has been
no change in that system for nearly three
years.
The lack of confidence is not in the
system itself. but in the party which is
managing that system. The people fear
that the Democratic party is under the
control of visionary theorists, and that,
whether wise legislation can be secured
on the money question or not, they fear
that bad legislation is to follow upon the
tariff question. r-- ..e-.1
1t is that fear that has paralyzed bust
ness. Factories are closing each week,
and the unemployed are demanding bread
in the streets of our cities on that one
account. Orders for goods are being
constantly countermanded; and factory
managers dare not pile up stocks for fu-
ture use when they fear that our markets
are to be taken possession Of by the cheap
goods of the old World which are pro-
duced by the cheap labor across the
ocean.
Some one asks. when Cleveland was
elected nearly FIVE years ago, why did
not the same trouble occure Manifestly
because the senate was then Republican