The Providence news. (Providence [R.I.]) 1891-1906, 1894-02-21
DEMocRAcYs DISCOURAGED ALLY.

The Journal complains about the ''ser-
ious dislocation of business" and declares
that men who stalk about signs of re-
viving industry and trade "seem to be
unaware of the real extent OF the dislo-
cation of business" and thinks that they
will by careful inquiry be convinced
that the difficulty we have fallen into
is graver than any temporary 'depres-
sion or period of dull business" "The
facts and figures in the case are almost
startling says The Journal. "Our whole
business mechanism is dislocated and
out OF gear, and this is the happy mo-
ment chosen by members of Congress,
entrusted with a power they are unfit
to exercise, to push along a scheme of
imitation through seigniorage coming
which cannot but further weaken conf
dence and credit and interfere with that
return of business to natural conditions
on which alone a real restoration of
prosperity can be expected"
The Journal is quite sure that all this
"dslocation" of business is due, not to
the tariff-for it dismisses any such
suggestion brusquely by saying that ''no
disposition of the tariff bill, one way or
the other, can be expected to overcome
these hostile influences, but entirely
to unwise financial legislation.
Yet The Journal has no solution of the
pending difficulties to offer and no rem
edy to suggest. Itsimply puts itself on
record as a complainant without asking
for any remedy.
1t has only itself and other Mugwump-
Democratic sheets of a similar character
to blame for the putting into power of
a party "unft" to govern. 1t has talked
and urged for several years this change
and has attempted to persuade the peo-
pie Of Rhode Island TO vote in favor of it,
and now that it has found out that its
advice was bad, it can only stand and
crybaby, without any definite idea how
to rid itself of the burden it has helped
put upon the people.
II helped destroy the party that placed
in existence the national banking sys-
TEN which, in 30 years, never had dis
credited dollar floating about parentless
and has helped to put in a party that
wants TO return TO the wildcat banking
system under which dollars varied in
value from nothing to 100 cents, accord
ing to the honesty OF the management
of the bank issuing them.
1t has helped TO destroy the protective
system Of tho country under which
Rhode Island has thrived and prospered
until beside every tiny stream of water
great mill structures with their thou
sands OF operatives have contributed TO
the prosperity and growth Of the State
and enabled this little commonwealth
to send its manufactured products all
over this broad land and amid the teem-
ing millions Of the earth.
It has worked hard and its proprietors
have probably voted TO remove from
power the party which gave us honest
money, resisted the various schemes for
initiation, and had a sound and wise
financial policy, and TO put into power a
party absolutely without a financial
policy Of any kind, the advocate Of the
widest kind Of initiation, which has
created new bonded indebtedness only
that II might use the proceeds derived
from this indebtedness illegally--apd
vet The journal can hnd no way out.