The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1893-08-29

The Hoard of Trade.
The ofilcars Of the Wilmington
Board of Trade will probably look
twice, hereafter. before they adopt any
moro cut and dried tariff reform reso-
lutlons. 1t Is an old saying that one
can get f,gners to petition asking
for anything, and 1t may be added
that 1t is possible to get adopted any
thing, however false or preposterous,
by tho best of men, provided the
propositions are put in the respectable
form OF resolutions. That the silver
Purchase Act Is apparently doing mis-
chief. no one will deny.
II man catches cold, a fever or
the grip, his rheumatic leg or his pull
monte lung or his dyspeptio stomach
will give aggrayating signs at once
Likewise the defective financial sys,I
tenn of the country betrays instantly
the economic disease which took pos
session OF the American body polite
almost instantly last November upon
Democratic success. Therefore when
men undertake to say that all our
tronble ls due TO the so-cailed Sherman
Act, they get the secondary cause. II
not the entire effect. before the pri-
mary or original cause.
There was labor trouble before there
was trouble in the hanks. Manufac-
7 turers cut down expenses. recalled or.
i ders. and prepared tor long siege OF
Idleness weeks before the banks began
to contract. Where one mill has clos
ed for want of money orcurtency, ter
shut down previously for want OF
= work. How many orders for maehtn
cry or ships have come to Wilmington
since November last? And at what
:, date, during which week did this Of
: that particular manufacturer or shit
;. builder first have trouble in gettlnt
enough currency to pay oil his men
: Was his first trouble In respect to or
a. ders for work or in respect to his wan
OF credit at the bankl
!, Let each man answer for himself
~ We are convinced that tho problem o
!, orders, work, employment OF hi
10 mon and machinery came first. Thou
,o sands OF mon went out of employ
no ment at New Years; tens of thousand
"a by April, and hundreds OF thousand
"a By June and to-day millions are idle.
~ When employers cease to pay wage
u, then all kinds OF trnde is prostratet
IT. and when the trade ls FRUSTRATED d.
n posts fall of In tho banks aud thi
-, explains the process swift and certaii
-, by which our financial institutions b.
III come hampered. aud there came doub
Doubt and distruat hampered Il
A.. banks still further by leading hui
Il tlrcds.of timid, cautious men to wit
Il. draw their deposits, and thus we hay
ha come to condition uot parallelled
=, this country since tho days OF thu
20 other Democratic President from Ne
~ York, Martin Van Buren,.
~ Tariff reform created business di
"a aster and starvation among tho worl
II, ing men in 1S37-5s,59, while the cou
a. try was practically on gold stan
= N ard. SO made by tho act OF 1884. Ia
-. ifr smashing in the thirties smasht
"a. everything else, with sound and st
~ ble standard, and the threat of tar
700 smashing in the nineties is doing Il
"a n same thing now, helped along by
;od unstable standard.
All The Board OF Trade ought to ha
hat meeting carry inns "peA anu ~
"a such resolutions as all Its membe
nd can subscribe to. Lot them tell 4
n,o whole truth. Let any one of our clea
headed business men sit down al
write them. We do not belisye
clipping resolutions from peSspape
If and subscribing to t.I1m pelI-mt
Elk. without knowing what their full
,ro. feet and interest are.
his Tho resolutions alleged to have be
,di- adopted are from the pen OF sol
ion New York tariff smasher; from t
belhapd of some tariff reform editor W
re. is only too anxious to protect
all. Democratic plank from the hot wra
oh, which their threats to tie tariff u
liver their imbecllity have already arous'
ned There is not tariff reformer in
ard country who IS not to-day how'll
"Hs against the sherman act, simply
In u cause he wishes to divert the put
The mind from tho real facts.
tLe The tariff reFormers are now at WI
nut by and through bureaus, sending {
@, cut and dried resolutions all over
wish country, in which they lay the VIII
Ight blame for our present disaster up
tle,, the sherman Act, This is "polltie
tire Democratic politics, and it see
ling that the officers of our Board of Iri
: ,u go1 caught in the scheme. Gent
men of the Board OF Trade, retr
fnl. your steps. Tell tho whole truth.