Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1894-01-04


the situation, for IL "tariff tinksring" is
the cause Of business depression there
is mo kick coming" to the Republicans
who have tlnkered the tariff twenty
times in the interest OF monopoly within
the past thirty years.
The New York Commercial Advertiser,
Republican newspaper. has been col
lecting the opinions Of the business me n
OF the country concerning the Wilson
bill and prints letters from the officers
OF boards of trade, chambers OF COM
merce. and other business organizations
lie the leading cities and only in isolated
instances is IT seriously contended that
the Wilson bill is the sole cause OF the
financial ills.
The views of Mr.. CHARLES A. PILLS
BURY, the well-known Minnesota miller,
who is at the head OF the Minneapolis
chamber OF commerce, are Of especial
Interest aud worthy OF reproduction.
They are as follows:
answering your inquiry, would say
that do not believe IL would be proper for
me, as president Of the Chamber OF Com
merce, To give a decided opinion on a SUD-
jet so mixed up with party politics as the
Wilson tarin DILL. Individually i believe
that all proposed changes in the tariff work
harm for the time being | am a Republi-
can in politics aud moderate protectioniSt.
believe the introduction ana passage OF
the Mckinley bill was the worst thing that
could have have happened to the protected
interests OF this country, they were
generally largely overprotected before the
passage OF the bill / think the tariff
should have been remodeled and generally
revised ! think the introduction OF
the Wilson bill is the natural reaction fol-
lowing the introduction and passage of the
Mckinley bill. believe what the country
needs at present is stability; and il
change in the tariff is inevitable, for Gods
sake let IL come as quickly as possible!
To this tho country will say amonl
For Gods sake let it come as quickly
as possible" The country has by over
whelming msjorities twice demanded
tariff reform and business is waiting to
see what shape it will take. Now let
us have IL.
Although the uncertainty regarding
the changes to be made In the tariff
naturally is a factor in retarding a re-
vival OF business, it is in no way re.
sponsiole for the depression, which is
world wide, and is due to peculiar con-
ditions and events in many countries.
The United States might have escaped
1t had 1t not been for the financial leg
islation and extrayagance OF the last
Republican Congress, and the bungling
work Of Mr.. CARLIsLE's predecessor.
CHARLES FosrEe. When the latter
retired he left the treasury BANKRUPT.
He 1t was who entered into conspiracy
with the Wall street bankers-may be
innocently or ignorantIy-to force an
Issue OF gold bonds. That FOSTER was
in this conspiracy has never been de-
MED, and the conspiracy itself was first
uncovered by the Indicator, a Wall
street daily, and afterwards by the
Treasurer Of the United States.
The bank syndicate began its raid on
the treasury gold and FOSTER placed
the forms OF the new bonds in the
hands OF the government engrayers.
But just when the scheme was running
along with every prospect OF success,
Mr.. HARRISON refused to sanction the
bond issue. He gave FOSTER TO under
stand that the scheme must be abau-
doned.
Meanwhile, the agents OF foreign
bankers-the LIZARDS, the HOcKEI.-
HEIMERs and the ICKELHEIMERs-hay
ing discovered what an easy process II
was to get hold Of the gold reserve of
the United States proceeded to til the
foreign demand for gold created by the
Austrian loan. The Bank OF England,
to protect itself, had raised its rate.
thus putting a premium on gold. and
this gave a new impulse to the raid.
This opened wide the doors OF the
treasury to the raiders aud brought
about the shrinkage OF values, tho de-
cline OF prices and the collapse of busl.
ness that have cost the country billion,
OF dollars during the past TWO years.
and caused more suffering and want
than war or pestilence would have
caused.
On top Of II al the Sherm an cempul-
sorry silver purchase act added distrust
as 90 the soundness Of our currency and
locked money up tight
FOsTER himself went down in the
general financial crash which followed
his policy. So did McK1vLEY. The
latter was helped out OF bankruptcy by
the contributions Of the people.
FOSTERS case has been 10 the Ohio
courts and it appears that be conducted
bis personal business on ~ wild plan
as he did the finances OF Uncle Sam.
He will pay his creditors about ten
cents on the dollar
FosrEH could hardly be blamed N he
refused 20 pay anything and sent hi.
bills to tho Wall street sharks. VINO by
bis aid accomplished bis financial ruin
and knocked the bottom out Of bushes.
generally.
These we're the immediate causes Of
the depression flo America. Mr. CLFvr
LASD and the Wilson bill had no more
70 do with 10 than the man in the moon.
Euofucaa rroarcrta eli c,or tLo ,.... . -