The Forrest City times., 1895-08-02
rnE eooM cf BUSINESS.
An Independent rc~spsa--'s P-view cf
 the Situatis I.

An Independent rc~spsp~-'s P-view of
 the situatis I.
 To estimate the ex.elt and meas l., ' of the present esival we must take [ ace backward. When the McEin- ley ta- if became law, in October, ls9J. disastrous resu-ts soon followed, es- pecially in Pennsylvania, Ohio and Iui- nois In December, 1890, at Bethle- b.n, Pa, LOGO iron workers We're thrown out of employment. Il .an- uary, 1891, wages We're reduced 3 Der cent. at the large steel works at Hotle- stead, Pa, and in the following teL- ruary 1000 men were thrown yt If work-reverses followed ln April oy a secoud reduction of wages t5 per cent. ], and in July, 1892. by the great ard bloody strike of $500 men against wage reductions. On January 22, 1891, at Youngstown. O., 10000 men were thrown out of work and the wages of 1000 were reduced at Johnstown, Ia In less than year after the Mckinley law took effect 2i,000 mill hands we're thrown out of work or their wages cut down. In March. 1892. one western steel company had o,50o men idle, and in July of that year ordered reduc- ton of 45 per cent. in wages. Strikes, shutdowns. working on short time, re- duction of wages were quite in order these times (from 1sJO to 1s93) of hum ming" activity and Looming Mckinley prosperity of American industries. Nothing succeeds like success" and the success of 'protrctionism" and tariff taxation for the alleged benefit of American wage earners was so tre- mendous under the republican high tariff that the labor element of the country tin November, 1S92) wisely concluded that they had had quite enough of the "American system (so- calied), and hence dhcy voted for tariff reform and Mr. Cl. geland.
 The present improvement has come to stay, and the new tide of prosperity can be heightened and broadened if the American export trade in manu- factured products is vigorously pressed. Relieved by the Wilson law of d con siderable portion of the vast burden of protective taxation imposed for the peneht ot monopoly "a taxation amounting to many hundreds of mil lions of dollars every year-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 bud.
 Even the manufacturers have begun to scent prosperity in the free trade" tariff, and to see that it is for them blessing in disguise. Every day makes 1t clearer that ic is not to their interest to revive McKinleyism. With free raw materials-the very lifeblood of manu- factures-and with a reduction in the expenses of manufacturing. both of which inestimab ble booms the Wilson fail to see that the brightest era of in- dustry 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 Waterloo. But, like the union victory at Cemetery Ridge, 1t was decisive. Many repub- llcan journals are now crying out re- enactment of the Mckinley or some other high tariff, and are bent on mak- ing this the foremost issue of the day. But the country will not brook any more republican tariff tinkering, and public opinion demands that the splen- did results which the Wilson law is ac- complaining shall not be frustrated by adverse legislation. Y Herald.