New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-06-20

democrats ar, naturally very much rriai"l
NJ the thought that ihe plain people VIII Jun-'
thofu. not hv their theories not even 10y Inc re-
suits which chronoloscally follow their acts ou'
lac fine condition u the country while they were
irtrusi,l with power The wrisclins> 10y winch
a. T. constantly attempted Ia cyadc this simple
,cs, mr.. rs familiar 10 All rs they are foolish
I, i ~ no Use H. protest or to argue: the PLAIN
r.o,,c know that they were prosperous beyond
all nrcc.lon, when they elected Democratic
CONGRESS and inaugurated "A Democratic ir'Ni
d.nt I'm 1893. They know that disaster came
swift footed AMI Terrible the worst the country
had seen for half "A century. and they know that
nho, ,hcv had elected Republican Congress
las, November. and had seen the last Of Demo
cratic Congress in March. business began to TO-
v,vc Al once. Sometimes the ruleofthumb way
~ iulaing Is unsccniihc. but the millions VINO
have heen using II all their lives never get argued
out ~ II 10y any theorists. ana Governments anu
parties have 10 be- Judged In similar way.
in this case II is cninently scientific. Na'onai
nrospcr,fv does not depend upon things so much
rs II depends upon beliefs. The crop OF conf
do,c. has more to do with business than the
crops ~ wheat corn and cotton combined Nheh
seventy million shrcwd and practical people
expect disaster. and prepare for II by cioSlhS
| works reducing purchases. stopping mines, low
crlng wages and withdrawing deposits. disaster
Is there before they have done preparing. when
the same people expect recovery, ana begin 10
prcparc for Il by producing more, buying more,
raising wag,t and investing more confidently.
,,o, very urtparation Is recovery Every hour
of nrcparat,h for disaster brings prostratIon
nearer Every hour Of preparation for revival
All this Is So true and 50 obvious that the plain
! est Of the plain people see II rs clearly rs the
| most scientific economist. Their daily expert
cncc teaches them that shops close when custom
crS cease 10 buy for the future, and that con
sllmcrS do not buy ut current prices any more
| than they can help, when power Is transferred
to those who have promised To lower prices by Il
third or onehaf II was no mystery in the
early spring of 1893 that orders were wonderfully
curtailcd for almost every kind Of goods that
could be imported, because the party to which
| power had been transferred had been promising
lower prices for Everything from the cradle 10
the grave" and had actually believed It's own
promises and predictions About half the people,
! at all events. were thus prepared To act upon the
faith that the Democratic party would make
| everything cheaper by changing the tariff II
was rs plain as the nose on mans face that
he did not want to give large orders for goods
M high prices. when the goods could not he made
for months. and might then be bought at low
! prices.
Exactly the reverse feeling has brought revival
Of business. Faith that danger was past. that
Democratic warfare against industries had been
stopped that no changes were TO he made for the
future except for their defence, brought its per-
fecly legitimate and natural consequence-be-
lief that the extreme Of Democratic prostration
could not continue, that business must improve,
and that prices must necessarily rise to some
extent In that belief everybody was disposed
to place orders for future delivery. and to prom
Use better wages, and to put works In order for
| operation. 1t Is all in NUTSHELL the business
world has faith that the Republican party and