Huntsville gazette., 1894-04-14
DEMOCRATIC DISASTER.
4 Showing of Nothing But Reductions
and Deficits.

6om complete control of this govern
slent nearly forty years ago, when a
weak president and traitorous cab
met left the country financially pros
trated and on the verge of bloody
civil war. 1t is most remarkable how
the financial conditions have repeated
themselves after the lapse of so many
years. The panic years of 1857 and
1853, toward the end of James Bu-
chanan's term, are being duplicated in
the beginning of Grover Cleveland's
term, at the close of which the demo-
Gratis will be again driven from
power. There the similarity ceases.
There will not be second civil war.
The democratic panic years, 1857 to
1858, eclipsed all previous records of
disaster the country had known. The
panic Of 1887 was bat a zephyr COM
pared to the democratic cyclone of
1857. But as the democratic panic of
1S57-S was to that of 1887, so is the
democratic panic of 1894 to that of
1878. The country has increased in
population and magnitude and the dem
ocratic party in numbers and in folly.
aster more widespread. If that was a
cyclone. this is a cataclysm.
The indemnity which Germany wrung
from France after the close of the
Franco-German war was five milliards
of francs, or one thousand millions of
dollars. This is an enormous sum.
But it is as nothing compared to the
penalty paid by the American people
for placing the democrats in power. 1t
is in the nature of things impossible to
make accurate figures on such an
amount. but an attempt has been made
by statistician, Mr.. Joseph r. Bu-
chanan, and he has published a series
IF elaborate tables in New York pa
per. These tables fill columns of fine
type, and cannot be reproduced here;
but some of his totals are of interest.
He gives the number of adult males in
the United States as 1900. 900; of
these, 5000, 900 are in agricultural pur-
| suits, and 100000 are proprietors of va
rious establishments. This leaves g.
0C0, 600 male wage workers. Of these,
8.S93, 900, according to Mr.. Buchanan,
are out Of work. He gives his figures,
sources of information, etc, all care
| fully classified according to various oc-
cupations. He gives the wages of the
various callings, percentage OF loss
| where wages have been reduced, and
amount of loss where men are out of
| work He thus figures up the loss of
wages to workingmen during the seven
months beginning with September,
| 1898, at the enormous sum of nearly a
| billion Of dollars-.o be exact, $685.
| 516, 400.
The shrinkage in wages alone Is
| about one-half the national debt. But
the tables go on. He compares the
| prices paid for last years crop of
| rye; for last years output of silver and
| pig-iron at present prices; for the
| shrinkage in value of stock exchange
| securities, mortgage bonds, etc; and
| adding these to the loss In wages al
ready given, he makes total loss to
| the American people, since the demo
cratic party went into power. of near
| ly three billions of dollars-to be exact,
| 81, III, 19o, ,56S.
|
and call them mathematical romancing.
But they are borne out by the figures
| of the United States government Its
| decrease in revenue alone shows the
extraordinary diminution in the pur,
| chasing power of the American peo-
| pie For the month of January, the
| dutiab BILE imports were s22, 206. 1893
| against $50, 800, 525 for the same month
| in 1893, a decrease of about A pei
cent. The customs revenue in Feb
ruary decreased s6, SAC, 900 compared
with last year, or SO per cent. In
| articles of luxury the demand fell off
over so per cent: in partially manu-
| factured articles, 40 per cent, and SO
| on down to dutiable articles Of food,
| which fell off about IS per cent
| In the face of the fact that the pur-
chasing power Of the American people,
and consequently the revenues of the
1 government are falling off In this
| enormous proportion, the democratic
| president and his cuckoo" congress
are seriously attempting to wipe out
| what revenue remains A few days
ago in the United States senate it was
| shown by treasury statement that
/ there was deficit of s7S, 600, 900 for the
current fiscal year; in addition to this
the Wilson tariff bill, even as amended
| by the senate, discards s76, 100000 OF
revenue, making a total deficit oi
s154, 100000. To repair this hole in the
revenue the democrats = who have
caused it-now propose to levy a SO.
cialistic income tax, tax which will
divide this republi into the classes and
the masses.
ANY thinking man, whether he be q
democrat or a republican, must be I'm.
pressed by this colossal folly. The
most charitable view that can be
taken Of the present democratic con
gress is that its mem bers are stricken
with form of acute dementia II
would not be an unmixed evil for the
American people If, like a certain
other assent blage of demented animals
they should be possessed of devil and
run violently down steep place into
the sea San Francisco Argonaut
s8-The call for the annual conven
ton of the National republican league
to be held in Denver in June. anathe
matizes President Cleveland and hi
party friends as this tariff f-tinkering