The morning news. [volume] (Savannah, Ga.) 1887-1900, 1893-08-25
- raetles conaemned.

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some Of the more sensible OF the pro
tectionists have become tired of the
seuselcss course pursued By q few Of the
republicans, notably the New York Press
and New York Tribune, relative 10 the
cause Of the present financial troubles
These journals have been, and are still,
trying 20 make the country believe that
the cause Of the loss Of confidence and the
consequent financial troubles is the fear
that the democratic party viii make a
radical reduction in the tariff
One Of the largest and most prominent
manufacturers in the country, Thomas
Dolan, president of the manufacturers
club Of Philadelphia and a republican Of
the strictcst sort, has written a letter in
which he condemns the policy Of contin-
ually harpiue upon the same old cam
paign tactics in the present crisis in fnan-
cial affairs Mr. Dolan's fidelity TO the
republican doctrine of protection cannot
be questioned He has always been a lib
eral contributor to the republican cam
paign fund and at the last national cleo
tion gave as much probably, as any other
republican to assist in electing the repub-
lican ticket. He is not such d ninny as to
believe that fear of tariff revision is the
cause of the present financial distress,
and he is too honest a man TO assist in
creating a false impression.
In his letter he says: II believe that
the depression is almost wholly due to the
silver policy. If the alarm was due to
the victory of the democrats why was it
not manifested last November! The PEG
pie knew then as well as they know now
that it was within the power of the new
administration to repeal the tariff laws,
yet no uneasiness was felt. In fact in
the wooden business everything went
along swimmingly until July /. Orders
came in good and strong for fall goods
Conditions were thus favorable, and with
the good demand everything was
prosperous until the silver craze upset
the country. 1t appears to me that it is
entirely wrong for the republicans to keep
harping away upon the same old cam
paign tactics The democrats have fully
three years in which to right matters,
and if the republicans insist that the
present depression is due to fear regard
brighter the democrats will claim all of
the credit and assert that better times
are due to whatever changes in the tariff
laws they may have enacted. This coun-
try is just as rich as it was six months
ago. The harvests are bountiful, the
needs of consumers are Just as great, and
as soon as congress enacts the proper laws
I 11olr for a at tipr1 of oOr1-
fdence which win cause the tide of pros
perity again to sweep over the land"
The foregoing is the opinion of a clear
headed business man Of sound Judgment.
1t is an opinion that is a rebuke to the
newspapers and would-be statesmen of
the Republican party, who are trying to
use the present deplorable condition of
affairs to obstruct tariff reform, and who
do not seem to realize the harm they are
doing. BY their foolish talk they are
making the restoration of confidence
more difficult, because if the belief gets
fixed in the public mind that the Sherman
silver law is not the cause of the loss of
! confidence the repeal of that law may not
have the effect Of promptly restoring con-
! fidence.
The manly and patriotic course Of Mr..
Dolan in rising above partisan politics
and stating what he believes to be the
| truth respecting the cause of the pre-
vailing financial distress, is deserving of
commendation 1t would be better for
the country if his example should be fol
lowed by other leading men and newspa-
pers of his party.