The Coconino weekly sun., 1895-02-21
COMPELLED TO CONFESS.
The Now York Herald Admits That Trade
 Is Paralyzed.


 The Now York Herald Admits That Trade Is Paralyzed.
 Factories are idle, labor is unemployed, trade is paralyzed, money is drug and gold is rushing from our shores"
 The foregoing startling announce ment was made by the New York Her aid January 21, 1895. The Herald is one of the strongest supporters of free trade in the United States. It made a determined fight, both with fallacies and falsehoods, in the political cam paign of 1892 to elect president and congress that were pledged to free trade. More than two years after its party was successful, and almost two years after they assumed the adminis- tration of our nation affairs, the Herald is compelled to admit that the result has been as quoted above.
 This un-American sheet has from time to time suggested various rem edies to help it's administration out of merged by its anti-American policy. We recollect how it clamored for the repeal of the Sherman silver law, claim | ing that such repeal would be the salvation of the country. We recollect how it clamored for the passage of a new tariff bill, claiming that the aboli- ton of protection would be the saliva tion of the country.
 More recently we have witnessed its struggles for a new currency system; and again for free ships, both of which were to be of untold benefit to the masses of our people. Its latest cry is one of dire distress, and that the coun- try can only be relieved by "a popular loan, the only practicable saving meas ure."
 Has the Herald forgotten that under its free-trade administration two loans, amounting in the aggregate to one hundred million dollars, have been foated? How then will what it is pleased to term "a popular loan" re- lieve the situation? As long as the ad- ministration of this country remains in the hands of men utterly incompe- tent to properly fulfill their duties from an American standpoint, these men having been elected partly through the agency of the Herald, and as long as these incompetents maintain tariff policy that is of advantage to foreign countries and destructive in its operation upon American interests, just so long will our gold leave the na- tional treasury, no matter whether raised by "a popular or any other kind of loan.
 The Herald seems to think that meney raised and placed in the treas ury by what it is pleased to term "a popular loan" will stay in the treasury. We should like to know by what proc ess of reasoning it arrives at this con clusion, and what sacred, preservative halo can be encircled around gold that is collected even by Herald's ''popu- lar loan"
 It must be that its over-indulgence in its present diet of crow has caused the Herald to become dyspeptic, though it still retains some symptom of sound digestion when it says: "Check the outflow of gold and relieve indus, try and trade from the paralysis which is inflicting immeasurable losses upon the people,"
 l Certainly this would be the remedy, and the manner in which the outflow of gold could be checked, industry and trade can be relieved from the par. lalysis which is inflicting immeasurable losses upon the people lis by the i'm mediate repeal of the existing tariff bill" By this means and by TO other means can it be done. It is the ''one practicable way to avert the impending crisis and lift the country out of the present slough" into which the Herald acknowledges the country has fallen under the two years administration ot the political party which it helped tc elect.
 Let the president of the United States follow the example of the late ex-president of France by acknowl. edging his incompetency to deal with our affairs of state and resign. Then let congress wipe out the existing tariff ''and lift the country out of the present slough" by the immediate restoration of adequate protection to American labor and American industries This would be popular loan" to the peo- pie of an opportunity to exercise their ability and to use their labor. It is "the only practicable saving measure, '' and the New York Herald knows it, American Economist