The Lake Charles echo. [volume] (Lake Charles, Parish of Calcasieu, La.) 1876-1898, 1894-11-02
CALAMITY H0WIlERs.
THEY ARE CALLED DOWN BY a high
PROTECTION PAPER

Isusiness Revival l. oanaing. and Is Con,
ing 70 stay -FaEluros In lsat and Isai
Uontrastod-Trufhs Esr mckinley an
his III 70 Toader.
i Messrs. Mckinley, Reed and Other
Republican orators are now travelling
about the country declaring that every.
thing is going to ruin because Of the re
peal of tho Mckinley tariff. They have
been warned by the sensible and con.
sentative element Of the Republican
party Of the danger Of h05ling oalam-
( ity when business is steadily impr0y-
ing since the passage Of the Wilson tar
IL law. More recently the Philadelphia
Public Ledger condemns the methods
I Of these mon in persisting IN their ef-
forts to multiply 1nisfortaRes IN indus
trial circles and seeking to destroy bust
ness confideBoe.
J The Public Ledger supported General
/ Harrison IN 1883 and the Mckinley tar
III policy. Since that time it has been
an earnest supporter of the same policy
and as earnestly opposed the passage Of
the Wilson bill But now it accepts
the inevitable and confesses that the
business Of the country, even under Tn
ture Republican administration viii
want only detailed revision Of the PRES
ent tariff laws withont overtuFning its
general policy. Here is what The Led
ger ssys IN part:
The improvement Of business o1ndi-
tions can enolongersucoessfully disput-
ed. It is so general and SO manifest as
to render ridiculous those INSCRIPTIONS
partisan organs which, closing their
eyes to the truth, continue to ignore it
as If it had no real existence The lead
ing financial and trade journals Of the
country, those the special mission Of
which it is to present for the informa-
tion Of their readers tine most accurate
statements with regard 10 the state Of
finance, manufactures and commerce,
give the most gratifying reports of re-
viving activity. The principal daily
newspapers Of the great cities and the
oenters Of trade, among others the New
York Trihune, which has been persist
emily employed latterly in efforts TO roll
back the advancing tide Of mercantile
vigor by representations of continued
depression, have recently devoted entire
pages to the reports Of the representa-
tives of the chief business interests of
the country, which clearly show that
the improvement during the last month
has been certain and material.
Dispatches and correspondence from
all parts Of the country tell Of the re-
yival Of industrial enterprises, of works
which have been shut down resuming
operations of others which have been
operated on reduced time or with less
number Of operatives running full
time and with an increased force Of
employees. and of capital providing new
plants in all those industries which are
as props and pillars Of mercantile sue
cess. The great transportation eompa-
mics, which probably suffered as much
as or more than any Of the representa-
tiyes Of important business interests
during the late prolonged period of de-
precision, are daily showing the assured
increase Of the volume of business The
statements of the banks in all the large
financial Centers are equally satisfaeto-
AAAAAAs l3kALs4AAt AA11L4-AAAl--F ~ LAAI ~
turn Of prosperity.
There Is also very notable feature
which sllould be regarded as interesting
and instructive at this time when the
partisan organs IN their desire to get
votes, even at the sacrifice Of the com
mon welfare, declare that the new tar
if and mercantile ruin are virtually syn
onymous terms. During the period Of
1891 when the former tariff was In sue
-eessful operation and the time was cen
sidered most prosperous, the failures
We're s, S66, the assets involved SILL
81, 320 and the liabilities sl3S, SILL
ola The number Of failures was less In
that year than this by nearly 400, but
the assets involved exceeded those Of
1894 by more than sl2, 600, 600 and the
liabilities by more than S2S, 600, 600.
The community Of business now has
that assurance Of stable conditions which
will enable it to pnt forth its strength
Of enterprise. 1t is already putting il
forth and is committing day by day by its
activity tine false cries and alarms of
the partisan prophets of evil