The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-07-07
ALWAYS INCONSISTENT.

A contemporary that cannot remem-
Der one day what it said the day De
fore, or is utterly Indifferent as to how
many directly conflicting statements
it makes on the same subject, attempts
to account for the panic of 1898 so as
to throw the onus of the cause upon
the Democratic party. 1t says now:
There were three causes for the panic
of 1898. One was the clamOr of the
Eastern press for the repeal of the
Sherman law, prophesying all manner
of evils unless it should be repealed;
one was the closing of the minis in
India; the other was the fear that pos
sessed the souls of the people of this
country that such a law as Mr. Wilson
outlined, drafted and passed the House
would likewise pass the Senate and be-
come a law That made the industrial
depression that set the tramps going
for the manufacturers did not dare run
their mills with the prospect that the
product of those mills would be so re-
duced by a reduction of the tariff that
they would be bankrupt.
Now let us see what the same paper
said about year ago:
Let them talk as they please, the
fact remains that all this is due TO
one thing. Under the falling prices of
the last fifteen years the producing
classes. nearly all Of whom We're in
debt when the fall began, have reached
a point where they can no longer give
employment to surplus laborers, and
the only remedy we see is to make
such changes in the laws as will make
property worth as much as money,
and that will unloose the purse strings
of the money centres. That will cause
those men who have been boarding
their money for years to convert it
into property and improve that pro-
perty and then all who want will be
able to work. There is only one way
to do it. All the rest will be simply
doctring symptoms. The root of the
disease will not be touched. The money
of this world as far as the great com
mercial nations could make it so, Was
cut in two and half thrown away. Tha
gave to money a purchasing power
which was financial ruin to all men in
debt: which caused property to begin
to fall so rapidly that no man with
money dare invest it in property. SO
it has been growing from bad to worse,
until the men now who would gladly
give employment to others are unable
to do so. Hence the army of tramps
hence the danger to the free institu-
tons in the United States
Here is another quotation from the
same paper published a day or TWO
before the last:
Why is it possible then for hosts of
men from half a dozen different points
to take up the gloomy march of the
unemployed? They can all find a rea-
son by taking up the files of any news
paper and studying the falling prices
which have been the rule for the past
Tho .,,Jo
are always in debt When for ten
years prices continue steadily TO fall,
hundreds of thousands of them reach
a poiat when they can no longer give
to other men. This is
what has come upon the country, and
hence the land is filled with idle men.
The cause dates from 1873; the column
nation was last October
These are but samples of many
statements which we could produce
from the files of that paper 1t has
but very recently declared that the |
Republican party was the author of
all the legislation in this country for
thirty years. If then any of the |
troubles that have come upon the
country were caused by congressional |
legislation, the Republican party by |
Tribune confession was responsible for |
them, and it is useless for that paper |
to endeavor now to place the RESPONSE
bility upon the Democratic party.
which has been unable in one Congress
TO undo the mischief wrought during
a period of thirty years.
At one time that paper declares re-
that there was but one cause
for the panic of 1898. Now it tries to
make out that there were three causes
The one cause was the Republican
act of 1873. It's effects
were continuous, eliminating in 1885,
The three alleged causes, but which
had nothing whatever to do with the
result, occurred after the panic set in.
Dur inconsistent contemporary merely
mentions them for the purpose of de-
ceiving the ignorant and succeeds in
exposing dts own mendacity.
But what caused the panic of 1892
There was then no fear upon the
Of anything that the Demo-