The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1894-07-14
DEMOCRATIC RULE.
How the Country Has suffered Under
Cievciand's Administration.

ligent Judgment of the American peo-
pie. IL asks a change OF administra-
ton and a change of party in order
that there may be change of system
and a change of methods, .hus assuring
the maintenance unimpahed of insti-
tutions under which the republic has
grown great and powerful"
These are the closing sentences In
the platform adopted by the democrat
ic national convention OF two years
ago, and on which the Grover Cleve-
land administration assumed the reins
Of power. That was the promise. At
The close of its first fiscal year Of Office,
included in the sixteen months that
have elapsed since Cleveland took the
oath, let ms ask what has been the per-
| Torrance?
For the first time since the close Of
the war the expenditures have ex-
ceeded the receipts, and the deficit Is
startling one. The revenues for the
year exhibit n shrinlSage OF about
ninety-three million dollars, and the
| gold reserve is reduced 10 sixty mill
lions. or over forty millions below
what under republican ndministra-
tions was deemed 20 be the limit OF
safety, and this though some fifty
eight millions have been obtained by
the sale Of bonds And the course of
events directly due 20 administration
misrule Is even more disastrous TO the
people. The clearing house payments
of the country have decreased two bill
lions OF dollars. or about as much as
| -. a.
savings banks of the country, while IL
is estimated that the total OF daily
wages and incomes Is fire million dol
lars less than two years ago, this de-
crease being twice as much as the
daily cost OF carrying on the tire
mendous war for the preservation OF
the union. Truly the people have suf-
fered. They have paid dearly for
listening two years ago 20 the dema-
gogues who exhorted them TO vote for
Cleveland and a change.
The business trouble began very
soon after Mr.. Cleveland took his seat
In the white house. Certain hints let
drop by his secretary of the treasury
were construed as reasons for fear that
the parity between gold and silver
I would not be preserved. On this hint
foreigners sent home American stocks
and sold them for gold, and II was ex-
ported in large amounts, and what re-
NAMED in the country was locked up
from the channels OF circulation. The
result was scarcity Of money, which
induced fears OF the banks, and run
ensued which made money still more
scarce for lending purposes, and in
dustrial operations were paralyzcd.
Confidence in the soundness OF the
currency was restored by the call for
special session and the subsequent
action OF congress in repeating the pur-
chasing clause OF the Sherman act OF
July IL, 1890.
But the president declared in his
message that congress must soon enter
on the work OF tariff revision and re-
duction 20 carry out the pledges Of the
party, and the fear of tariff reduction
made the Industrial situation still
worse Merchants were afraid TO buy
stocks OF goods that would have to be
sold in competition with those pro-
duced under lower tariff and our
manufacturers curtailed operations for
the same reason, in addition TO having
diminished current demand for their
goods. Many Of them were forced to
stop because they could not get orders
for the productof their establishments,
and others managed to keep open 10y
dint of offering their wares ut a severe
cut in prices which made IL necessary
TO reduce the wages OF their employees.
The increasing competition of sellers
on n smaller market led TO further de-
clines in prices, and this 20 more cuts
In wages, till tho compensation OF
labor had been reduced by fully TWEEN
ty-five per cent on the average, and
still hundreds of thousands could not
find work atany price.
The deceived toilers whose votes had
placed in power that party that caused
all this mischief grew dissatisfied.
Many OF them struck for the wages
which employers had paid checrfully
during years OF republican prosperity
but could not afford 90 pay under the
democratic order Of things. The
strikes on the Pacific railroads,
strikes OF the miners for bituminous
coal strikes ia the Colorado gold fields,
the strike at Pullman. with Debs order
extending it Co nearly all railroads,
the scenes OF violence involving muir
der In some cases. the calling out OF
sheriTs posses and the military TO re
store order; great privation to the
strikers and their families, and NO
small amount Of unjust interruption
and loss 20 many who were not parties
10 the struggle this was directly
consequent upon democratic interior
cnce with previous industrial condi.
lions and national prosperity.
Then there was an immense falling
Oft In receipts OF duties on imported
goods during this last fiscal year, be.
cause importers did not deem IL safe
10 be caught with stocks on hand with
the market prices falling when tariff
reductions went into effect; and SO
the income OF the government suffered
directly. in addition % the falling of
that resulted from internal depression
t.s1nuaH