New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1893-07-26
HE SEES not OSES.
TO Lead the Country Out Of the Egyp.
tian Darkness Of Its
Finances. 35#s,
President Harrison Takes a Pessim.
istic View of Things in
4 General.
The Change Of administration Was a.
Bad Thing. He Thinks Sorry
for Cleveland.

NEW YORK, July 25.-The World
prints the following as ex-President
Harrison's expression on the existing
business depression:
1.-The Sherman act is not alone re-
sponsible for the prevailing want Of
confidence that this country now expe.
riences. The distrust is, net against
silver alone The Sherman act has
served its purpose. it is true, but it is
not responsible
For the Depression ~
which overhangs commerce, trade and
agriculture. The present party in
power came in ON statement of it's
principles formulated and promulgated
at Chicago, where a gathering, which
represented a diversity of political be-
liefs and policies, gave this statement
to the country as the platform of the
Democratic party. 1t was announced
to the country that the existing system
of tariff should be modified to the ex-
tent of .--
Tariff for Revenue Only.
On this basis the candidates Of the
party now in power were elected. The
enormous manufacturing interests
were, of course, duly impressed and be-
came compelled to suit themselves to
the condition to which the Chicago
platform must logically lead. .@s
1T is impossible to bridge over sud-
denly the wide chasm Intervening be.
tween comparative free trade and the
protective system under which the
nation grew rich without prolonged con-
vulsions in trade. Great economic
changes
Do Not Adjust Themselves :"
with celebrity, hence, fearing changes,
factories stop, workshops close and
prices shrink. Il the Chicago annun-
citation of principles is to be maintained
business must prepare for change.
According to its principles the govern
ment is pledged to reduce the tariff to
the standard of the Chicago convention.
The business of the country cannot
prosper under the circumstances. Dis
trust is widespread, everything Ian
guishes. The heterogeneous political ele-
ments that will meet at Washington in
August will represent free trade and
many theories
Contrary to Business Stability.
The conservative people of the country
stand aghast at the possibilities of legis-
lation and are trimming sails to suit
the weather. The outlook is dark, be-
cause it is difficult to see how relief is
to come. The distrust might be dis
PEELED, perhaps, but how? In one sense
the situation is theatrical; excitement
may be Gained by stroke of inspira-
ton. A panic is sometimes avoided by
band striking up popular air, just
as the frightened crowd is about to rush
and ... 80.
Trample Over One Another.
GLOW can the present somewhat
analogous situation be changed by
Suddenly inspiring confidence? The
leaders of the party in power will
scarcely acknowledge that it's principles
are mistaken ones. That the Chicago
platform was false and should be repu-
dated. can see no Moses at present
who will lead the business world out of
its Egyptian darkness" E.rE
General Harrison sympathizes per.
sonally with President Cleveland, who
is carrying, he thinks, about as heavy a
burden as mortal man can bear up
under. .. - t-...