The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1893-07-28
They Condemn Themselves.

They Condemn themselves.
The Republican newspapers tina
manifest feeling Of satisfaction owe
the depressed condition of business
trying to make it appear as the effec
of Democratic administration, are ties
tifying against their own party. One o
these journals, which we have before
us, parades long list Of evils which i
says have resulted from the election o
Cleveland. Among them it includes
a depreciation Of two billions Of dol
lars in the value of American securi
ties the closing of number of man
ufactories, wool lower in price thar
was ever known; wheat at the Lowest
figure in two generations the balance
of foreign trade heavily against us
money tied up in the bank vaults, and
more men out of work than at any
time since the panic Of 1873.
When the situation is looked at in
its correct light, stripped of the mis-
representation with which these papers
would falsify it, could there be strong,
er evidence OF the injurious effects OF
Republican policy? What are the
facts Of the situation which they en-.
deavor to misrepresent? A Demo
cratic administration has been in pow
er but little more than four months,
without having had chance to alter
a single act or to reverse a single
measure of financial or economic poll
cy put in force by the Republicans. If
therefore, there is shrinkage in Ameri-
can securities # manufactures are
being closed if wool is bringing a
lower price than it ever brought before,
and wheat is selling for less than at
any time in two generations if the
balance of foreign trade is against us,
and money is tied up in the bank
vaults; if more men are out of en-
ployment than have been unemployed
at any time since '73, what is it that
has been done by the Cleveland ad-
ministration that could produce such
an effect7 Nothing absolutely moth
ing. Every law, every legislative or
executive measure or policy that at
this time has bearing on the financial
situation, or can effect the industrial
condition has been the work of the
Republican party. Not single one
has been changed. They are still in
operation. The depreciation OF Amer
lean securities has taken place under
unrepealed Republican enactments
which up to this moment control the
finances. The closing of industrial
establishments now going on is merely
the continuance of disasters that COM
menced within year after the passage
OF the Mckinley bill, and were pub
lished as numerously last year as they
are this year. Wheat and wool are
selling at lower figures than ever be.
fore, but this is occurring under the
operation of tariff that was to pro-
tect the farmer and the wool raiser.
The balance of trade is against us,
but are not Republican tariff laws still
in force, which it was claimed would
prevent such commercial disadvant-
agel Money is tied up in the bank
vaults, but what laws, but those of Re.
publican devising, affect the monetary
situation ? More men are out of work
than at any other time since the panic
OF 1873, but was it not claimed that
the Mckinley tariff would protect the
working men from such a misfortune,
and has there, SO far been any inter,
ference with the operation of that pol
icyl
The picture drawn by the Republi
can papers of the situation under the
new administration is but condemna
tlon of their own party. The busines.
condition is far from what it should
be, but is it not the effect of Repub
lican courseP Is there a law or meas
ure bearing upon the situation and ex
ertlng an effect upon it, that did no
have its origin in the policy of thai
partyF Surely it is time for Demo
cratic congress to convene and in CO
operation with Democratic President
adopt such measures as will ge
the country out of the financial ane
industrial trouble in which the Re
pnbllcans have placed it.-Belletont
Wdtchnaan.