The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-07-26
srlrrzx. wxDsEsDAY. JrEr -
rnE rAErvv CLOUD.

raE TAEIYv CLOUD.
The apprehension Of impending tasiff
legislation continues 10 cloud the business
SKY With signs Of . coming storm Capt.
sAi. fearing the effects Of ths tariff tinker
Ing. II getting ready for the worst. II does
not proposs 20 take any chances With .
Democratic "sree trade" congrsss; 1t fears
ths strength Of the coalition between the
Southern and Western ''fres traders" and
enc importers al tho East Hencs the
ssoppsge Of milis and factories and the cur
failing Of industries os all kinds. The
vast majority OF New England manufacs-
urers are discouraged over the outlook,
ana pronounce the uncertainty regarding
congressional action on the tar.1 TO be
the prime factor in the unsesilesneas
u business. One year ago these mills
were prosperous and hars.iy able 10 Gil
their orders. hut today they have either
closed or are running on short time, or
prepsr atoms are making 10 take one OF
these alternatives. Tho number OF facso-
Yies IN textile Industries built or actually
projected for the whole country in the
past SIX months are but i02, a. against I55
for the corresponding period last year.
The Iron and Steel Bulletin, in presenting
. list Of failures in the .r ON trade in the
last few months, says: Tho record IL
probably the moss disastrous six months
record which ths history Of the iron trade
Of this country afyords." A mass meeting
Of the wool growers Of the country 10 70 b
held At the Worlds fair grounds ssptsm-
Der 2s-29. 70 mako . last effort to save their
industry from ths ruin OF free wool.
How different vas our industrial record
for last year. when Ne produced . million
tons more OF pig iron than In 1891. and
2.ooo.rJ tons more than Great Britain.
We rroducsd 30. 600 tons Of stssl rails
moro than In the preceding year. We
consumsd 5000 900 pounds moro wool
than In 1901. There were fewer CONNER
eiai failures last year than In any year
since iss2 Until the Solid South and the
socialists Of tho North elected Grover
Cleveland there Was every prospect that
the same conditions of industrial and
financial prosperity would prevail during
1858. but the moment Cleveland was
elected on = free trade platform every
manufacturer and merchant began 70 take
In SAIL and hug tho shore.
When Cleveland was inaugurated, IL
became clear that he would not call con.
Gress together until he Vas dubbed into 1t
by calamity: he Was nothing bu: . fat
political pngiiist. feebiy srarrins for wind !;
he waited on events. and no did not have
long 10 wait for disaster. Wealth repre-
seated by stocks and securities shows loss
- the people OF over $1,000. 0o0. 600; banks
have collapsed. the liabilities Of CONNER.
eial failures for the first six months Of the
year were moro than double those
Of the corresponding period Of 1872
American industries not only ceased
20 expand. eus have begun to retro
grade. The plato glass factories have
all shut down: the great iron mines of the
Lake Superior country. both in Michigan
ana Wisconsin. have suspended opers-
tions. blast furnaces have pat out their
fires: textile mills are closing or restrict.
fng their production the prices OF wool
aud wheat have SINK TO rery low figure
aud thousands of American workingmen
who were busy all iass rear and prosper
Gus are idle today. facing the prospec. Of
hard winter
The New York PFess recises these sEe.
ni.eaat facts. and asserts explicitly and
directly that the prevailing conditions Of
disaster have been brought about by the
threat of Democrats free trade; that the
loss Of the people though .hs denrecis-
ton Of securities. sas paralysis OF crssi,
aad the s;agnasson Of industries would
not have taken place II Benjamin Harri.
son had been elected instead Of Grover
Cleveland"
The Democratic press eaanos deny N.
facts. but tier aasuraIy asssynnt 70 CT.
plain the situation hy loading a. Who'll.
responsibility fer it naon she hack n ~.
s'ser purchase clause Of the Sherman
ass. The Sherman act was in onsratjon
aoy tseatY-sevsn nienths wi;hs4,s .rx il
raagsaaeas Of tsade. Tae prv.ea. troubles
began when Cleselaa5'x election. mat.
reversal ef the Republican prssecti,s
taFin policy saevi:ahse. To hold the sher-
man &C: solely responsible fer TIE rr,ssn,
situation Is absurd Tie calling At ean~r.x.
together did not end oar ,-aua,..
because nobody ass arr conaIsnes ,hs,
congress will gave rs anv sonni. saIu,.rx
legislation in The matter Of finance az,
even Il congress repeats the pu~rhs..
clause 81 the Sherman as wstson, .xi;
conditions, sAai wiii nes di.sipsss car esn.
essa about the future Of The ss..g
cata the nsw sa-Ss IL .aae.e>. M man
~so makes Steel rats. ssaests iron ,,x,u.
ssesares eloth Or eFoesery CT glass e.n ,.,l
what the 1assy~ pgsee q as xeeS!. us34 :.
a. estimate ths ecpnp petition thew r,ns.
meet tresn abroad. 70 ;has rreas e5-,.,., 3
uncertainty hanging srer TIE tsas .ha
faslaStellasa !Hsss- tAs Bycaktxn r.,
and slte Ss~ YORK ifap iAl-,v asers,,.. ~.
iiss ii failures that coasaaea 10 Increase
After tbs cali for tas extra session T-hs
rausaeleasa Press ssys On tals uesat.
~ pFafnps. iasssns. snsnFmz.v ,ss,,s.. .,
oliver purchases. Tals - ~sssssi w4ntsg
INSTANTLY. sa4 II - Is presents. hsre rs,es
clear ~ n dangerous eassas.~arr,ise AExh
sssss aSrks, esery krpgessesa "a ID. vote f,r
H. eas lee from tie sasver ssasx. la.s