Democratic Northwest. [volume] (Napoleon, Ohio) 1869-1894, 1893-09-28
TO THE DEMOCRACY.
BEWARE OF THE TRAP SET BY THE
CALAMITY HowLERs.

On RepubiIean Shoulders Alone MustRe
the blame Of the Present Financial Scare
They Are Attempting TO Unload Il TO
Save Their Mckinley Cargo.
We are In the midst Of panic. There
"a no doubt Of 1t. The Republican
calamity hcwler Is abroad attempting
to make matters worse than they really
are, because he is charging 1t all to the
Democrats. BE hopes to hold the DEM
ocrats responsible at future elections for
every man now idle and for every wage
reduction that has occurred since March
4. If the Democratic party acknowl-
edges this debt, it will itself go into bank
ruptcy at the next general election and
would get its just deserts.
Unfortunately not few Democratic
editors, and some prominent ones, too.
are being led into the trap set for them
by these same wary Republican howlers.
The bowler says: "This is the Democratic
panic Of 1898. 1t Is due solely to the |
threat Of tariff reform. It is already |
worse than the panic of 1878 and is hour
" growing worse. The repeal Of the
Sherman act viii not stay the devastat- |
ing progress Of this free trade scare.
Nothing will stop it but the point blank
declaration of President Cleveland that
the Mckinley tariff shall not be touched
for one year from date. He alone has
the power to say the word that shall re-
move the uncertainties that have closed
hundreds of banks, put out the fires in
thousands Of mills and compelled mil
lions to accept lower wages il it did not
throw them entirely out of work. Let
him say it. Thousands are starving.
Socialism and anarchy are rampant. Our
whole industrial, financial and political
system is on the brink Of ruin"
Up jumps the frightened Democratic
editor to say that ga certain element of
the Republican press, in its efforts to
create more serious scare than Is at all
necessary that the Republican party
may reap little temporary advantage,
is making itself ridiculous. Half the
stories of mills closed down and men out
Of employment are the sheerest lies.
"If the partisan papers had been fair
in their comments on the situation, half
the actual failures would not have oc-
CURED. These papers destroy confidence
through vulgar and inexcusable lying
Some Of them are overstepping them
selves. At this time of the year it is
customary for many mills to shut down
for short periods, sometimes for the pur-
pose Of making repairs and renovations
and sometimes because the fall trade has
not assumed definite proportions. Ordi-
narily these temporary shutdowns are
not noticed. This year they are heralded,
and the magnitude Of each enterprise is
exaggerated. Correspondents are anx.
ious to earn money, and knowing that
partisan newspapers are looking for ca
lamity news they furnish it to order
Neither is money SO tight. The Repub
lican papers have been bowling about
there being no money to buy grain with
One of the largest commission houses II
Chicago is soliciting business and offer
ing to pay all drafts on grain. The mel
who cannot get drafts paid must hav,
very poor credit and standing in Chi
cago."
The Democrat who talks and writes il
this manner is making trouble for him
self and his party in the future. He i
trying to underestimate the calamity
because he thinks it must rest upon Dem
ocratic shoulders. The Republicans hav
got him just where they want him. a
has tacitly admitted that the Democrati
is the guilty party. It is not easy for
confessed criminal to prove his inne
cence. II he is innocent, as is the Dem
ocratic party. he should first, last an
always assert his innocence. If he doe
not do SO, public opinion will be agains
him. This, in the case Of the Democrat
party, would be fatal.
Let the Republican calamity howlel
make things as blue as they desire. Th
result will be bad on the country, but
will come home to roost before 1894.
The present calamity may not be 9
bad as is represented by Republican
but it will be cargo that will sink tt
Democratic ship if taken aboard. Tt
Republicans are attempting to unloa
it SO that they can cave their cargo
McKinleyism. Don't allow them to do
The present is q financial panic. II
were due to tariff scare, we shoul
have more rather than less money wit
which to do business. At least one-ha
of our manufacturers, merchants al
business men are using borrowed caI
tai. They sell for credit and discoul
for cash the notes which they obtain.
business were at standstill because
uncertainties in regard to the tarii
there would be less demand for capits
money would be q drug on the marke
and interest would be unusually lo'
On the contrary, money never befo
commanded such high rates Of intere
in times Of peace as during the past fe
months. And this in spite of the ia
that there is today more gold and silv
outstanding in the United States tn
ever before. Business wants to go Q
This is what makes the demand for mo
ey. 1t cannot proceed because of the q
parent scarcity Of money and the fab
lous rates of interest. Those who pt
sess money wilt not for ordinary intert
part with it for more than few da,
Here is the cause of the present troub
BYRON w. Holt.