Capital journal. (Salem, Or.) 1893-1895, 1894-01-09
REVERSING THg ENGINES.

fron. the New York Tribune is imper'
tlnent aid so foil OF prophecy, and e1'
plains the situation 30 well, will you
please reprint for benefit Of the rising
Reneraiion Of voters, asd greatly oblige
. reader Of your paper; J. II. W.
WHAT BEPUBLIcANs BELIEVED l6
MONTHS AGO.
From a speech 10 Music Hall, Buffa-
10. September 10. 1897, Ivy Hon. White
law Reid:
There Is one vital question Ia this
cam 1aign. Are the people 80 dissatis
fed With their present prosperous
course that they are ready TO invite q
dangerous shock by suddenly reversing
the engines? For 1t Is not mere
N ldification OF the curse, as formerly,
that our Opponents now propose. This
time It IL a reversal. We have been
running for thirty years in the direc-
toa Of a high protective tariff. How
serious disturbance even a mOdifica
ton Of that course made, you all re-
member 10 the long suspense aud ar
Fest Of operations attending the debates
on the Mckinley bill. Now that this
bill is working well, our opponents de-
clare It or any protective tariff bill un-
constitutional, aud demand q reversal.
z We are rapidly extending our trade by
Reciprocity. They denounce this as
sham, and demand q reversal. We
have had for nearly thirty years = mag
nihcent system of National banking
currency. They demand It's abandon.
ment, and reversal, such and 80 faI
70 lching ls the sudden shock which
our opponents invite you TO bring upon
yourselves. and II is proportion TO be
considered by prnctical business people
In q practical, bnsiDesslike way.
LOGIC OF THE BUsINEss WORLD.
1.-THE great mass Of men concerned
In trans citing the commerce. and carry
Ing on the manufactures Of New York
seriously believed that ia November
next tho popular decree would be rem
dered for the absolute change now de-
nanded by the Democratic party la its
convention. and by sny candidates not
dishonesty attempting TO abandon its
platform, who does not know thai
stAgnatlon W ould replace the present
activity; that everywhere we would
hsar the story OF business curtaiIed,
orders diminished, factories reducing
their output. everybody shortening sal
and getting ready for squalls, that
practically the autumn would 6e los'
in waiting To see what happened iu
November; that the winter would b.
lost la waiting to see what the new
president aud the new cabinet intend
ed, aud that nothing but complete
disavowal by them of the professions
Aad promises by which they came into
power could prevent the ensuing year,
bsfore tue new congress had time to act
from being wasted inwaiting to see how
sweeping would be the changes the
Congress would decree? In short, does
not every business man, whatever hip
party convictions or his political preJu.
dices, absolutely know, as q cold busi'
ness proposition, that the complete re-
yersal OF the existing order OF things
demanded by the Democratic party Ia
its present platform, as 10 the Tariff, "
70 Reciprocity aud a. 70 National bank-
ing, would nscessarily unssttle bust
ness for the next eighteen months OF
two years?
do not ask him 10 admit that at
the end OF that time the legislation
might not, from his point Of view. be
far better. His oplplon about that
would depend upon whether he Is
Protectlonest or Free Trader, q ffnan.
cial conservative or financial wildcat.
+. hut whether he Is one or the other,
hs knows, as you do, that the uncer-
fAlnties which must exist pending
SUCH q change, as To It's possibility OF
ils scope. would be, throughout their
duration. the worst possible obstruction
a business.
BUSINESS CHAOS INVITED.
Must OF them would admit even
more. la view OF our having adapted
ourselves In the last eighteen months
10 the Mckinley bill, aud QUE praolic
ally unbroken conduct Of business since
1881 under high tariff system. mos
pfthem, whether Free Traders or Pro.
teetlonlsts. know that anything like q
broad aud thorough execution Of the
scheme laid dowa By the representa-
tlves pf tbs Dsmperatle party lu their
Al Chicago. requiring the 70
paal OF the Mckinley bill, aud the
> i0Rllqn lpstead OF revenus tariff.
Ihs abandonment AZ our "sham n ,eip
'pcliy'i treaties, aud, the destruction oi
,ur National banking system. would
y the precipitation pf business chaos.
naigoRgAL ooaNENT.
Republicans eannoi DO better than g.
ircnlale aucb literature ~ the ahove