The Indianapolis journal., 1893-07-22
CAUSES OF THE DEPRESSION.

THE main and real cause Is found in the
threatening and uncertain attitude that the
Democratic party holds toward tho manu-
featuring and agricultural industries OF
the country. Try as hard as they may.
they cannot cover up the fact. nor further
deceive the people. e.-ToledO Blade.
THERE can be 40 reasons able doubt that
one potent cause of the business distrust
and depression Is the apprehension that
the coming Congress Will make q revision
of the tariff that may lnjuriously Affect
most of the industries of the country by
subjecting them to a more OF less destruc.
tive foreign competition.-Omaha Bee.
The business depression comes from q
variety of causes. q portion of which have
been for some years preparing to operate.
II it were not for the condition of the cur
rencv there would be nothing in it that
could not easily be overcome. As soon AS
the currency obstacle Is removed by Con-
gress the pathway to returning prosperity
will be Open.-BOston Herald (Dem.)
INDUSTRIAL depression is not a theory to
be argued down by subtle sophistries. it is
q fact. And Democratic threats and Dem
ocratic policies are as clearly the cause of
it as poisonous food and water cause dis.
ease. 1t would have been costly blunder
to place the Democratic party In power
under any circumstances, but 1t was espe.
cially unwise TO place 1t there under
promise to cripple the cOuntry's indus.
trles.-Kansas City Journal.
LABOR is already tasting some of the bit
terness of free trade in the closing of
factories the narrowing of fields of en-
pIoyment and the casting out on the world
of thousands of unemployed who are vain
ly seeking the means OF support for them
selves and their families. No mugwump
Ill
can deny. that a sweeping reduction in
wages must follow she adoption of the
tariff Sun shing measure which the free
traders have In preparation. New York
Press.
The tImidity of capital is directly at
tributable to the uncertainty which pre-
walls in the commercial world. and it is
hopeless to expect q re-establishment of
confidence until the tariff policy to be
adopted by the Democratic party can be
definitely known. The idea that the
abrupt repeal of the Sherman act without
regard TO consequences. without even an
intim alton of the legislation which will
take It's place, would helD matters, is
mooushine OF the most delusive character
-Rochester Democrat and Chronicle.
THE power that has swung the pendulum
with sucn decisive force from prosperity TO
panic is not the fear Of any law now on the
statute books. /. is the threat of the OBJ
liberation OF those laws that has brought
the Nation from one extreme to the other.
Let the country feel that no tariff sun ash
ingls 10 be done by this Congress; that o
food of State bank notes Is to be let loose
upon the people; that no tinkeriDg with
our finances and no npsetting of tried and
settled policies are TO be lndulged in by
our Democratic rulers.-New York Mail
and Express,
THE fact is that if the Republican party
| to-day had the control of both branches of
Congress. and Mr.. Harrison were in the
Presidents chair. there would not be the
slightest reason for apDrehendiDg the
enactment of q free-silyer law. No one
would dream of the possibility of reviving
) wildcat currency through the repeal OF the
! ten-per.cent. tax. Moreover. there would
bo no expectancy of a hostile revision OF
the tariff. with tho resultant distur banee
! of all lines of business. The business sItu-
alton might not be unciouded. butt would