The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1894-05-28
MONDAY, MAY IS. 1894.
NOT AN ENCOURAGING OUTLOOK.


Few business men neglected to read
Bradstreets' summary OF the condition
Of trade and manufactures in the United
States and Canada, which appeared in
the HERALD day before yesterday.
There was certainly nothing encoursg-
ing about it, but on the contrary. 1t
may be characterized by the state ment
that bad as things are now worse remains
behind.
There is nothing at all extraordinary
about this. Why should the American
people look for anything different when
they have voluntarily sbdicsted the
control of their own destinie5? II any
one had told an American citizen, when
this country contained only five millions
of people, that we should look for the
inspiration of our policy to foreign ma
tions, and especially to England, he
would have been greeted with unequivo-
cal horror. And yet both houses Of
congress are full of members who are
not ashamed to get up in their seats and
announce that the United States is i'm
potent to Initiate any financial policy of
its own, and that we must wait until
England and Germany give us the cue
before We can dare to have mind OF
our own. The telegram to the Bimetallic
league of England, to which the name
of John Sherman is attached, amongst
those of other repentant Repu blicans,
shows how anxious these betrayers of
their country are to crawl back to an
American position.
But, through the cooperation of
President Cleveland and his special ses-
out the pledges of the Chicago conven-
tion, the mischief has been done. After
a man has been eand dubbed and left
for dead on the highway it takes him
some time to pull himself together and
to recover the usual and wholesome use
of his faculties. That is the position in
which the Democratic party now finds
itself, and for that matter, the county at
large also. The masses of the Demo-
cratic party are as sound now as they
always were. The only responsible per-
sons are the leaders who have placed
them in false position, and to whom
will be melted out condign vengeance.
What do we see in the United States
todayP The desolstion wrought by
Hyder Ali and Tippoo Saib in the Car
matte, as depicted by the matchless elo-
quence OF Edmund Burke, was more
sanguinary but not a whit more lament
able than that which has overtaken vast
regions in this country. Turn where
one will, the story OF parslyzed indus
tries, depreciating values and shrinking
business, is told with graphic force.
The decentralization OF silver s the prin-
cipal cause OF all this. 1t WAS designed
by English statesmen with the single
view of ultimately making the three
million slaves OF India produce the cot
ton and wheat, OF which staples Eng
land consumes such vast quantities.
This policy, with which we have stood
in so cordially, strange to say, is design
ed to make England independent OF the
OulG6u pbdlSS 6uu IluSHlhy anu W AbcuI
John Bull two dollars where he loaned
one. Mr.. Gladstone called this wise
policy. II remains to be seen whether
or no it is even wise for England. If it
shall result in universal bankruptcy, the
voracious men of Lombard street may
find that, instead OF getting two dollars
for one, they may get nothing. Univer'
sal spoliation may very titdngly result
in universal reputation. Such things
have happened before and may very
well happen again.
Only tho other day the United States
were looked upon as the asylum of al
the nations OF earth. Here WAS to be
found homs where every industriou:
man was to be assured a comfortable
maintenance and at least a modest com
etency for his old age. What do ",
fad now?
Look where we will, the eye encount
ers marching bodies OF unemployed me1
which cali themselves armies. They
claim that the laws for many year.
have been made in the interest of
single class, and unfortunately they
have only too much reason for tbinkini
30. The sight OF so many enriched
monopolies, OF trusts with which thu
laws seem unable to deal. and which
are even said to dictate tariff schedules
to congress; the almost universal sus.
pension OF manufactures and business
concerns which have heretofore en-
ployed millions-all these things are
enough to explain the Coxeyite bands
which are heard from in every direction
and to inspire the thinker with the
gravest misgivings.
In the face of these serious portents