Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1894-02-22

ing affairs. After much trouble and
some delay the bonds were sold at
\ discount Of IL per cent, il my
memory il correct.
"Soon after this feat Of financier-
Dug was c0nsutn mated, the republic
cans took possession OF the treasury.
Soon after tina! the free trade act
was repealed and, notwithstanding
a great war ragged for over four years
which created a debt Of huge pro-
portions, the protective laws enacted
were the basis II = prosperity that
started as soon as peace was restored
and continued until a year ago. All
these years Of protection were
marked Ly ) growth Of wealth and
Development Of resources in an M
emampied manner.
New industries were started in
every direction, labor was in demand
ct high wages. The mountains
gave up their BRET and coal, the val
Ieys were dotted with mills, fur
naces and forges, with thousands Of
busy men happy and cheerful in
their toll. The smoke by day
clouded the heavens as il assembled
from the chimneys Of industry, aud
tho blazing fires lighted up the hills
and valleys by night AZ new RELAYS
',of mon came to their cheerful task.
No less busy were the agricultural
districts, who were cultivating their
fields, attending their herds aud
6ocks, finding . profitable home
market, supplying the great army Of
workmcn in the factories, shops and
mills.
AS the country prospered and
grew the tide Of immigration set
toward the setting sun to find homes
upon the broad prairies. Som, by
the power Of brain and muscle, the
broad acres were subdued and
brought into cultivation, yielding
the golden grain, and the rich p,s.
turage Oh other broad acres pro-
duced fat stock that surprised the
markets because Of their excellency.
Comfortable homes sprang up like
magic all over the great northwest.
The great mines were developed
aud silver and gold rewarded the
faithful, hardy miner as he tore his
way into the bowels Of the earth.
Then the miners cabin gave way
soon to q comfortable cottage.
School houses came in quick success
sion, where his children were pro-
vided with instructors. No people
were ever happier or more hopeful.
Suddenly all changed, distrust,
unrest and uneasiness took possess
sion of the public mind. Bank fail
ures followed each other rapidly,
the money went into hiding, the
puise of business was fevelish and
paralytic. Manufactures aud mills
began to close down. Workingmen
for the FIRST time in years, some tor
the first time in their lives, could
not get employment. What caused
this, gentlemen? l know the presi.
dent ascribed il to the Sherman
purchasing act, that silver was nj
f.ult. deny it. Time has proved
that silver had nothing 10 do with
il, unless il came from the unfriend.
" legislation enacted toward il dur.
ing the first session OF this congress.
".rhe cause lay back Of silver; is
incipient cause may be found in
the Chicago platform, in which it il
declared your party would revolu.
iionixe the economic condition ol
the country. Il il true the demo.
cratic party masqueraded behind
silver for Z time for the purpose, a
/ believe. Of hiding the real cause,
l know II has been said 4 hundred
times on this door the people de.
manded 3 change and voted for 4
change. / am quite as certain that
the people now want another change
and that At the 6rst opportunity
will make il in such a manner as u
stamp their disapproval upon the
work Of the majority Of this body.
"My opinion is that the panic ol
last summer and the hard times oi
this winter were caused by the be.
lief Of the people that the democratic
party will redeem tho pledge snade
tin the platform Il Chicago, both M
u tariff and wild cas" money.
| They are deceived to some extent
os to tho FIRST, for this Hill il not
tariff for revenue only, hut . sort oI
a bull in q china shop. Az to the
.atter, time will tell how near the
pledge will come 70 being redeemed,
"The same laws that yielded .
suiiciency Of revenue 10 pay al
legal demands on the treasury IN
ider Benjamin Harrison's sdminis
tration are in force now. The same
sources Of revenue remain-nt
change whatever. No extraordinary
demand for more money has arisen
end yet under the former the reservs
was untouched, all demands werl
met and paid. The marts Of trad.
and commerce we're full and active
customs dues and revenue returns
furnished ample funds for the nee
essities Of the government. No
only these things are true, but til
industries Of the country were beat
ing and throbbing with q prosperity
mover excelled in our history. Labol
VAS in demand in sxcess Of the sup
ply, and ct q moro rxtiva
rate Of wages than any man on thi.
floor aver know Of in our history.
allow ID il now9 "A pAralysil
rests upon the industries, tho Gre
urs drawn from the furnaces, Oh,
mills are silent, the ahops are closed