The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1893-01-14


speedily. IF 1t is to be destructive
to present existing business, and II
bar more or less to new enterpris-
es. Speaking from my own indi-
vidual opinion, from my own indi-
vidual experience in the business
world, l say confidently that any
danger or any destruction which
could possibly come has already
arrived. Any bar which could
ever be interposed is already here.
No world is so quick rs the busi-
ness world to discount future dan
gers. At the faintest delicate scent
of trouble the shock is received
and carried to every branch of the
business world. All your dangers
from the revision Of the tariff laws
have already been endured, and so
far rs sound, legitimate enterprises
are concerned, the revision of the
tariff may proceed in March or
September-in 1898 or in 1891
without the slightest shock to the
business world except to the few
individuals or corporations who
may have some undue advantage
which they are striving to prolong.
| do not need to say that certainty
is of the essence of value.
That there are many stocks
which pay 3 per cent. or 4 per cent.
which are readily saleable at par,
while there are many others which
earn an income of 10, or II or 20
per cent. which can with difficulty
find market at all even at dis
count from their par value. We
now have certainty on which to
base our business, certainty that
taxes will be fair and equitable,
that no one shall be given an adj
vantage over another by law, and
with this certainty values will APP
preciate and business prosper. SO
far as the business enterprises of
the country are concerned, the eff
fects of Il tariff, or by its revision,
| speak the judgment of the finan-
cial world when / say that you
may proceed as speedily or as leis-
urely as n full consideration of the
subject will permit, and that bank
ers will lend, investors will buy
and the active enterprising men of
this and other states will embark
in enterprises with more conf
dence, with II greater feeling Of Sc
curity and upon higher plane of
confidence and investment from
the 4th of March next than at any
time in the history of our state.
There will be failures and suffering.
There Will be bad crops and good
ones. There will he fluctuations
in the prices of commodities Of all
kind, wheat, corn, iron and coal.
There will he II glut of goods at one
time and Il scarcity ut others. HUI
man judgment is fallible, but you
cannot look at the,law or the law
power to correct It's errors,
to protect you from the conse-
quence that will follow. In conclu-
sion let me say that am no An
archist or pessimist. l believe in
liberty regulated by law even to
the extent should it come in the
future of preventing any such ac-
as should threaten the
republic or tend to crush the
masses of the people of the land
und er burden too heavy to be
borne, as has often happened in
other lands-in Mexico, in France,
even in England, with its laws of
mortmain and its disestablish-
ment; but no such day has yet ar
rived. There are no visible signs
in the horizon of any such event.
There is no Ohio boy, however poor
who may not under existing cir
cumstances hope to accumulate at
least competence and possibly a
fortune. No such empire was ever
seen upon the face of the earth at
any time as spreads now between
the Atlantic ocean and the Miss
issippi river on that bolt Of latitude
on which we live. No such intel
ligent people, with all the neces-
saries and many of the luxuries of
life, and with such universal OPP
pOrtunities in the present, and
with such great promise for the
future, and when Democracy shall
control the law making, not only
Of the nation, but of all such states
as Illinois, Indiana and Ohio, you
and your children may rest con-
tented that so far as government
is concerned all that is possible for
human nature and human kind, in
business and business in
terests, will be done by the rock
ribbed, mountain-buttressed De-