The Somerset herald. [volume] (Somerset, Pa.) 1870-1936, 1894-09-12

i advanced that The cause of the
panic must be traced 20 the general eff
icct of the Mckinley tariff law upon
the commercial and industrial condi-
tons of the country. The history of
the times has proven that law to he a
most wise and intelligent readjustment
of the rates and schedules made neces-
sary by the increasing developments
and demands OF the country. 1t in
jured no individual industry. Ii closed
no industrial establishment. 1t reduced
no mans wages. Neither the Mckin-
lev law nor the Republican party left
10 President Cleveland or his party a
legacy of hard times, idle industries,
unproductive enterprises, or uneinpioy-
ed labor. President Cleveland came
into power with country blessed with
unprecedented activity in every branch
of human employment. He found la
bor in active demand and found il bet
ter paid than ever before in the worlds
history. He assumed charge of gov
ernment with unparalleled credit and
unimpeachable honor. Dun's Trade
Review declared that "the year ls92
has been the most prosperous ever
known in business
ain the face of these conditions its
opponents declared Republican pro-
lection TO be a fraud aud a robbery"
that il was ''unconstitutional;n that it
was ''the eliminating atrocity of class
legislation"
al care not what epithets may be ap-
piled, you know and L know that after
thirty years of protection, up To the adj
vent of the present administration, this
country was never more happy and
prosperous. Under protection we took
the first rank in all lines of industrial
and material development. Measured
by any standard America led the world
under a policy of American protection,
and Notwithstanding the dark cloud
that now rests over il, and which we
hope will soon be happily dispelled, Is
and will continue to be the greatest,
most prosperous and grandest of all
nations of the earth.
1.-The facts are plain and the record
marvellous. After fifteen years of tariff
for revenue, President Lincoln found
not a dollar in the treasury and the ma
tional credit gone. After selling the
bonds of the government at III per
cent. below par, Buchanan's secretary
of the treasury, when he found the
bidders exhausted but the bouds not
sold. advised Congress To ask for an in
dorser, and suggested that if the states
would go security for the nation the
auction might continue and more bonds
be sold. This was the condition when
Lincoln, the Republican party, the civ
il war and "a new protective tariff law
began to make history. Lincoln lived
oniy 10 see the successful issle of arms.
Those who came after him struggled
with war debt of appalling proper
tions and sought To reconstruct a land
depleted of men and money, laid desc
late by carnage. y third OF a century
later the marks of strife upon the bat
tlelields were no more nearly efiaced
than the war debt, and to-day the story
cf both Is told in enduring monuments
and the nations pension roll. Where
does history record parallel for such
struggle and such glorious issue?
"And through these years popula-
tion increased, intellectual and moral
development was everywhere stimulat-
ed, cities and towns, workshops and
factories, mills and furnaces, linked
together by railroads and rivers, were
filled with happy, prosperous and con-
tented people. The broken bank, the
assignee aud the receiver were as much
curiosity a. the idle workshop. La
bor was never - well paid in any
country or in any time and il was nev-
er in greater demand and never paid in
better money. Whatever the future
may have in store for our country and
her industries and her commerce, the
record of the past thirty years will
stand forth a. a monument 10 the Wis
dom and sagacity of the craftsmanship
that continued from Lincoln to Harri-