The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1894-09-11
FANTASTIC REASONS.
MR.. ESTES SPEECH CRITICISED
BY A REPUBLICAN.
The Tariff Not the Trouble, but Silver
Demonetization-A Thinkers
Prophecy Real
lied.

EDITORS HERALD There are q great
many Republicans in Los Angeles and
Southern California who are unable &c
the people of the United States are cen.
tered in the tariff. To all such who
were present at the Estee rally at the
Pavilion on Saturday night the speech
OF the Republican candidate FOR COVER
nor wes a disappointment. 1t is per-
haps too much to expect that man Of
the age of Mr.. Estee will keep abreast
OF the times in his knowledge OF public
questions. With rare exceptions the
minds of men Of his age are set like the
kiln-burned clay of the potter and are
no longer capable OF receiving new inn
pressions. They are unable to recognize
changes in general conditions that in the
course OF years diminish or destroy the
Importance of policies that were once
deemed vital to public prosperity, or
that these new conditions give rise to
other policies that permanently or tenn
porarily become the dominant issues OF
the newer time.
Mr.. Estee sees full and complete ex-
PLANTATION of the causes of existing BUSH
ness depression in the fact that two
years ago the Democrats took possession
of the machinery of the government
and set about revising the tariff. But
any one who is capable of laying aside
partisan prejudices and taking broad
and candid view of affairs must admit
that such a cause as Mr.. Estee assigns
is entirely inadequate to account for ex-
listing effects.
The existing depression ia worldwide
and affects all the leading nations OF the
world, some Of which, as Germany and
France, have protective tariff, and
some of which, like England. practice
free trade. 1t is clear that Democratic
tariff tinkering in the United States
would be unlikely to affect the people OF
Germany and France, and tnat for an
effect so worldwide as the existing bust
ness paralysis sound reason compels us
to seek a more general cause than a
change of administration in the United
States.
Only two days ago the telegraph re-
ported a speech OF Emperor William of
Germany in which he counseled the
farmers OF eastern Prussia to endure
with patience the existing burdens of
hard times, advising them to look upon
the unwelcome conditions with Chris
tian resignation, as being the will of
God. against hich they ought not to
murmur or complain. Here then, we
see the emperor OF Germany attributing
the hard times that effect his subjects
to the act OF God, while Mr.. Estee, Re-
publican candidate for governor of
California, attributes all the business
woes that sffllct the American people to
the enactment OF the Wilson tariff law.
Mr.. Estee is lees profane than the Ger
man emperor but he is not more logical.
ANY careful and candid student OF
economic questions in connection with
national experience will, it is believed,
be compelled to admit that the tariff
question, in IT'D relation to the general
welfare Of the people, never did, and III
the nature Of things never can equal in
importance the money question. And
more than this, it is believed he will be
compelled to see in the financial legisla-
ton of the leading nations OF the world
the common cause OF the industrial evils
that now aftlict them all. This, the
money question, is the one question
upon which the leading commercial ma
tions OF the world have legslated in
common in the last 90 years; the one
question upon which they have adopted
and carried out common policy. Ger
many led the WAY in 1871 to the demon
citation OF silver, and within seven
years following she was followed by the
United States, France and other Eu-
ropean countries. thereby creating in the
10 years from 1871 to 1880 an increased
demand for gold amounting to $l,000.~
100000, an amount equal to the annual
product OF the worlds gold mines for
the same length OF time. In this. the
increased demand for and resulting liz
creased value of gold, is found cause
that will adequately and logically ex-
nlain the dacraaae in the Yalna of all