Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1895-08-01
THE BUSINESS REVIVAL.
IN Independent Newspapex>a Review az
the situation

IN Independent Newspapef>s Review az
the Situation
To estimate the extent and meaning
Of the present revival we must take a
glance backward. When the McKin~
Icy tariff became law, in October, 1880,
disastrous results soon followed, es-
pecialty IN Pennsylvania, Ohio and Hi.
nois- In December, 1890, at BethIe,
hem. Pa.> LOCO iron workers were
thrown oat of employment. In jan
aary, 1891, wages were reduced per
cent at the large steel works at Home
stead, Ia. and in the following Feb
ruary 1000 nen were thrown out of
work--reverses followed ia Aptil by a
second reduction of wages Is pes. cent J.
and IN July. 1892, by the great and
bloody strike of aseo mex against
wage reductions On January 70, 1891,
at Youngstown, O., $4,000 men were
thrown uat of work and the wages ct
5000 vert reduced at Johnstown, Pa
In less than a year after ,fne McKinles
law took effect 2A,eeO mill hands were
thrownsout of work or their wages cat
down In March, 1892. one western
steel csmpany hsd2 500 men idle, and
in July of that year.ordered a rcduc-
ton e As per cent lin wages Strikes,
;shutdowns, woFkingeon short time, re-
ductfon of wayses'were quite in order
these times from 1890 to 1899 of ~'hum-
minS activity and booming Mckinley
prosperity of american industries
NE thing socceeds like success and
the success of ''protectionisns' and
tariff taxataonsfor the alleged benefit
mo
mendous 1nder the republican high
tariff that the labor element of the
country fin November, 1892 wisely
concluded sthat they had had quite
enough of stsie american system" $50
, calied), ssn6 hence they voted for tariff
: reform End Mr.. Cleveland
The present improvement a1as come
to stay, aud the new Tide cf:prosperity
: can be heightened and areadenedi II
the As,erican export trade in manu-
facturedpproducts is vigorously pressed.
Relieved by the Wilson lawof a con
siderable portion of the vast burden OF
protretive" taxation imposed for the
benefit of monopoly IA taxation
amounting to many kundreds,of mil
honssaf dollars every Fear-the people
are beginning to taste the sweets OF
liberty and to profit by freer trade.
The enormous benefit derived from the
new tariff is, however, as yet only in
the asud.
ESen the manufacturers have begun
to scent prosperity liz the free trade
tariff. and to see that it is for them a
blessing in disguise Every day makes
1T clearer that it is net to- their interes,
torevive Mckinleyisn- With free raw
materials-the very Gfeblood of manu-.
factures-and witk e reduction in the
expenses of manufacturing. both OF
which inestimable Ecoms the Wilson
law gave the mill owners, they canno:
fail to see that the brightest era OF ill.,
Igstry ever known in America has
dawned uponthem.
The Gettysburg Of the great war
against the slave power of protected
monopoly was Won when the Wilson
law triumphed- That victory, it is
true, was not exactly a Waterloo. But,
Alike the union victory at Cemetery
Ridge. it was decisive. Many repub-
: lican journals are now.crying out re-
. enactment of the Mckinley. or some
{ other high tariff, and are bent on MAX
ing this the foremost issue of the day.
But the country will mot brook any
mere republican tariff tinkering, and
public opinion demands that the splen-
did results which the Wilson law is &C
complishing shall not be frustrated by
adverse legislation.-N.,Y Y. Herald.