The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1895-07-19
Demagogy.

indorsed by last weeks Cuck-Cou-
rier, we should say-certainly takes
the cake:
1890 Mckinley bill enacted.
1S91-Panic-
lS92-MoRE PANIC.
lS93-NOTHING But PANIC.
lS94-Wilson bill passed.
lS95-Mills opened. Wages re-
stored. General revival of business.
The chronology for 1899 is cer-
tainly correct.
AS to 1891, either the Courier and
the Herald or else IL. q. Dun a Co. S
commercial agency must be mistaken.
AS Dun's reports on business condi-
tons are accepted as authority in a
great many places where the papers
mentioned are entirely unknown, it
is safe to say that the majority of
people will accept the statement of
Dun & Co. in preference to the other.
The cuckoo newspaper chronology
says for 1891, panic" Dun's report
for the second week in November of
that year, says:
"Reports from all parts of the
country show that business has been
healthy and large in volume. X X y
No lack of confidence is seen and
money is easy"
Let us compare the same authori-
ties for 1892. The cuckoos say,
"MoRE PANIC" Dun says for the
first week in November, '92:
Even in the last week before a
presidential election, business con-
tinued active; indeed, the volume is
FAR BEYOND ANY PRECEDENT for a
similar period"
For the next week, Dun says:
"The presidential election has ia
terrupted business to some extent ia
all parts of the country during the
past week, but by no means as much
as usual. AT nearly all points the
volume of trade has been very fairly
maintained, and the UNPRECEDENTED
ACTIVITY of industries has only been
interrupted by the election holiday.
The money markets have not been
disturbed"
Now, let us 60 ahead until SIX
months after election, when "NOTH-
ING BUT PANIC" is the correct
cuckoo verdict, ard when the demo
cratic congress was in the very thrOes
of agony that preceded the birth of
the bastard tariff which democracy
is 10th to own as its child. Six
months can work wonderful indus
trial changes. November, 1892, found
unprecedented activity" according
to Dun & Co. In the middle of MAY,
1898, that agency's verdict is as fol-
lows:
"Stocks rally from extreme deprcs-
sion, but'business shows no substan-
tial Improvement. The distribution
of products to final consumers is
rather less encouraging, though the
weather has been generally more IA
forable, and at some points helps re-
tail trade. Wholesale business and
speculation show each week more
hesitation with regard to the crops
next fall, the responsibilities of tariff
changes and money uncertainties.
Some large failures and many of
minor Importance show the effects of
increasing stringency IN money mar
kets.o
To pursue the line of the chronol-
ogy, we find "Wilson Bill Passed"
in the cuckoo column, with the infer
ence that it is potent factor in put
ting an end to the panic of '93. Now,
Dun & Co., not Icing partisan in
stitution, has nothing to say of the
effect of this measure on business.
So we will take the Courier's own
estimate of the measure while it was
under discussion in congress, which
cannot be unfair to our contempora-
ry. March 30, 1894, the Courier said
editorially:
''The tariff bill now before the sem
ate is not the Wilson measure that
the country was so nightly pleased
with. That bill has been so emascu-
lated by certain senators who believe
in robbery by law that the principle of
tariff reform is scarcely visible to the
naked eye. The vital principle of
the Wilson bill-free raw materials
has been stricken out, leaving a n.y.
brid bill that no class will own and is
unfit to be named after any honest
and respectable citizen"
And this is the same great and
glorious Wilson bill that fills so large
a Mace i'm the cuckoo chronolouy