The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-06-09
The Political Parties and the Bust
ness Crisis.

Nothing can be more characteristic
of the utter unscrupulousness of the
Republican party than the effort to
fasten upon President Cleveland's adj
ministration the responsibility for
the evils brought on by four years OF
Republican misgovernment. The
present financial crisis is being
used as an opportunity for much
solemn head wagging, and Il told
you son wisdom by the gentry who
have been loading up the Treasury
with idle. useless silver under the au-
thority of a law framed by the great
Republican authority on finance
Senator Sherman. The wickedness
of this Justification is only exceeded
by its iInpudence.
1t is true that the first year of Pres
ident Cleveland's term has been over
Swallowed by financial and CONNER
cial trouble; but he and his party are
no more responsible for it than they
are for the snow that will fall next
winter. The harvest of disaster which
the country is reaping now is of Pres
ident Harrison's sowing. It is simply
Mr.. C~leveland's ill-fortune to have to
confront the consequences OF his
predecessors policy.
Besides the silver mistake, the wreck
of public credit through wild extrava-
M and the general disturbance OF
business through the outrageous
tariff legislation, the Republican party
is directly responsible for much of the
present panicky condition on account
of the location of the Columbian Fair
in Chicago. This atrocious political
crime is working its own penalty in
monumental fashion. The crude,
poor West, wholly unfit to be the
home of such an enterprise and geo.
graphically beyond the reach of mt
side help, has been led into a course
of wild speculation through the crazy
expectations based upon the location
of the show in its midst. All these
hopes are now dashed to pieces. The
fair itself is a preordained financial
wreck of the most colossal kind. The
loss upon it will amount to millions.
But the direct loss is not the worst.
All the dependent, auxiliary enter
prises are swamped in the general col
lapse. Other millions than those
wasted in Jackson Park have been
dissipated on ventures which will
never pay a dollar of profit; but, on
the contrary, will drag their projec-
tors into bankruptcy.
1t is to be feared Chicago herself
will not recover the set back which
the Fair has given her in ten years.
Other places in the West, in proper
ton as they are less directly affected,
will regain their footing more rapidly.
But there is a sad era of tribulation
in store for those new and immature
regions before they fully regain their
financial equilibrium.
OF course, if the Fair had been To-
Gated in New York, no such disaster
v~puld have resulted. Even if there
were financial loss, New York would
not miss the money; but, indeed, there
would not have been any. New York
could have made the Fair pay herself,
and she would have had ten times as
much help from the rest of this conti-
nent and Europe. The anticipation
of a huge rush of visitors would have
led to the same private speculation
here as in Chicago. but it would have
been borne out by the result. Every
one would have made the money he
expected and prosperity instead of
panic would have been the result.
1t is painful to have to dwell on the
THE predicament that Chicago's ra-
,pacity has placed her in. 1t is pain
Hull to have to show that much of the
Resent trouble of the whole country
traceable directly to her doors.
it is a matter of duty to have
rly understood the causes of the
ent trouble and to trace them to
\ruly responsible source. The in
9 of assailing Mr.. Cleveland and
enocracy for that which Mr..
on and the Republican party
one must be corrected and re-
however ~ungracious the task.
ENGINEER EDLow w. HAIR
port to the Board of Free
ghich we print in another
full. appears to be a com
kation OF the engineering
70 County Road work. 1t
rly as figures can that so
ig e~xtravagant the ex-
great work have been
proportion to those of
Uses here and else
EIUN-REACHED.
ssien ON the Water
No Rssuit.
lers of He-