The daily morning journal and courier., 1894-08-01
---------------- 4 DAT OF RECKONING.

This has been dire season in many respects Following @ year of remark able depression. which was preceded by portentous panic and . desperate struggle over the silver question, came the prolonged coal strikes. involving a thousand great industries and host of laboring men. Then came Debs with his gigantic. destructive strike. with thousand evils and immense losses in its train, to say nothing of the indignation aroused in consequence from suffer- ing and innocent public. Industries all over this broad land have suffered and many havo been paralyzed. Vast de- preciations of railroad property have occurred, the sum total reaching into the hundreds of millions. and a large part of this money as irretrievably gone as if sunk to the bottom of the sea. The evil consequences of these losses have been far-reaching, affecting not only stock and bond holders nu over this country, but felt in Ensiand, Hol- land, Germany and elsewhere Tho f. nancial depression began to be felt with the advent of the democratic admins tration and its attack, under the plea of tariff reform. upon American indus tries. All over this broad land the busy wheels of industry became more or less idle and money piled up in the great financial centers for want of use, owing to business uncertainties. The demo- cratic party for the first time in over thirty years had come into absolute mess they have made of it. Where before was prosperity is now depres- sion and even ruin. Where before fac tories were busy and workmen content ed and prosperous, factories have been shut down or running upon reduced time, with wages in many cases neces- sarily reduced. Life has looked gloomy to the laboring man and the spirit of unrest has stalked abroad and the cap italist has not dared venture into new enterprises. The democratic party is divided and terribly mixed up in It's struggle of trying to run this govern ment task for which 1t has shown itself incompetent. It lacks the equip ment for the work. It came into power with burst of condemnation of the gigantic trusts, and behold, the afore- said trusts are in the saddle with the democratic party catering to them ob- sequously and with hands unclean. The tariff fight is still on after years struggle and seems likely to be over only by a concession to protection ideas. With an object-lesson before it in the world of suffering. loss of wages, indus tries paralyzed, capital imperilled mill lions upon millions lost.which its course has mainly brought about. the demo- cratic congress and its populist cronies have talked and debated and drawn their salaries as if wholly ignoring the distress throughout the land caused by their industry-killing dilatorlness and woful lack of doing something.
 Winter ran into spring, spring has run into summer, and midsummer is here. with nothing yet to relieve the country's distress. With $ treasury again sinking toward emptiness the administration exhibits total uncon- cern. The change promised by the de- mocracy has come, and come with vengeance. But light is breaking, and when the fall elections come our mis- guided democratic brethren will again hear something drop.