The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1894-12-01
CALAMITY H0WLERS
THEY ARE CALLED DOWN BY A HIGH
PROTECTION PAPER.

Business Revival Is Coming, and Is Com
ing to stay-FaiIures In 1891 and 1894
Contrasted-Truths For Mckinley and
His Xix to Ponder.
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 the Mckinley tariff They have
been warned by the sensible and con-
servative element Of the Republican
party of the danger of bowling oalam-
ity when business is steadily improy-
ing since the passage of the Wilson tar
if law More recently the Philadelphia
Public Ledger condemns the methods
of these men in persisting in their eff
forts to multiply misfortunes in indus
trial circles and seeking to destroy bust
ness confidence
The Public Ledger supported General
Harrison in 1888 and the Mckinley tar
if 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 eonfesses that the
business of the country, even under flu
ture Republican administration, will
want only detailed revision of the pres
emit tariff laws without overturning its
general policy. Here is what The Led
ger says in part:
The improvement of business condi-
lions can benolonger successfully disput-
ed. 1t 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 informal
tion Of their readers the most accurate
statements with regard to 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
centers of trade, among others the New
York Tribune, 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-
vival IF indy,ct,.ia1 or+o,.,,r;eo.. - ,.-o~t-,
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-
MES which probably suffered as much
as or more than any of the representa-
tives of important business interests
during the late prolonged period of de-
preston, are daily showing the assured
increase of the volume of business. The
statements of the banks in all the large
financial centers are equally satisfaoto.
~ as indisputable testimony to the re-
turn of prosperity.
There is also very notable feature
which should 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
cessful operation and the time was con-
sidered most prosperous, the failures
were s, S66, the assets involved SILL
81, $40 and the liabilities $13S, ST.
514. 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 $12, 900, 900 and the
liabilities by more than $2S, 600, 900.
The community of business now has
that assurance of stable conditions which
will enable it to put forth it's strength
of enterprise. 1t is already putting it
forth and is confuting day by day by its
activity the false cries and alarms Of
the partisan prophets of evil.