New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-02-04
A BETTER DAY COMING.
PROSPERITY TO RETURN WITH The
REPUBLICANS.

rrrry-cENr WHEAT AND FivE-cENT COTTON
SOME OF THE LAMENTABi.E RESULTS
OF TIE ELECTION or 1892.
TIE renorts from the Western and sou'hein
States as to the effects o. Democratic piuhde:S 10
in,rr:ng American industries. In damaging @h'e''
can credit In breaking down American pros9e'''s'
are still unfavorable. The best INFORMED ooS.. 80,
IN this city Of the condition OF business III d..
,ar,x NJ The country declare eInphatically tha' X
The Republicans had elected their candidate ia
1872, and had possessed entire control noth OF WI.
Senate and House OF Representatives since VA
election. the United states would have been mag
efficiently prosperous from that day 70 'his anu
vouI no. have passed through the gloomy anu
ds;ressine experiences o. 1899 and 1894 IL Is no"
admitted on all sides. even by the democrats "ei"
selves that this Democratic Administration ""'
this Democratic Congress have displayed
paclty for laundering a more extraordinary anu
appalnc scale than any ever before see" a.
America II the Republicans had remained III
mower leading business men OF New orA ho"
say 10 conceivable combination OF business IN
dtions would have been likely 10 prihs auo"' "
grievous depression and disaster as seheran! PIC
vailed throughout the United States In 1878 anu
have heen felt so severely since then Ai'hous"
18th tho wheat crop and the cotton crop o. the
world were enormous in 1894. still the shre"oes.
students of crop conditions OF business ahaiis u
commercial complications and questons OF pr
that the price Of wheat in this country woud never
49, touched 10 cents bushel. and the price OF
cotton In The South would never have gone so 20"
as : cents a pound IL ii had not been Tor 'he
nhsstly confusion of financial relations. OF all 'he
nrobIems of administration, of everything that
nnr,,ins TO the National Government, which the
Democratic party has been lhhIc'hs vi '"'
country since March 4. 1885,
The Tribune has been printing in recent weeks
a series of letters from the Southern states VIII
ten by a staff correspondent. which exhioit III 'o
clearest and most convincing manner 'he e''i
results of Democratic errors and mistakes Al
Washington. and Democratic misdeeds and abuses
Of all sorts in the South. II the Southern people
we're clear-sighed enough to upderstano 'helr own
business interests. they would desert me Dehio
cratic party and vote for Republican methods ana
Republican tariff and Republican policy IN all
things AS the staff correspondent OF The tribune
has proved the Democratic Congress and Demo
cratic President have brought disaster upon i|ous'
ana and have ruined many OF the sugar Pah'eiS
and sugar refners OF that State. And IL is larger!
due to the faults and folles OF the ADMINISTRATOR
AT Washington that the low prices for Wheat ana
.or cotton which have prevailed for many months
have been brought about. II the country had re-
maIned as prosperous In 1893 and 1894 under Demo-
cratic control as 1t was under Republican cohtroi
in 1892 previous TO the colossal catastrophe OF 'he
election OF November. 1892. the American people
would have been IN a condition TO pay far higher
nrices for wheat and for cotton than they have
been able to pay since the panic OF 1873; ana the
results OF that panic. following the misdeeds aho
mistakes of the Democrats in power, have brought
widespread calamity
WOULD HAVE OBTAINED BETTER PRICES
The whcat-srow OF the West and the cotton
planters Of he South could have obtained hisher
prices for the products OF their farms and piantS
tons II the general business OF the country had
not sustained so severe a shock. so serious de-
nression from the Democratic raids and assaults
upon the prosperity of American industries when
all the American mills were running. ana were
paying good wages. when practically all the piast
furnaces and iron works were busy, when every
form Of industry from Boston to San FRANCISCO
and from Duluth to New-Oreans and Galveston
,os eour,sh,np as was the case in 1892 before the
November election. the purchasing power OF near.y
seventy millions Of people in these Cniten states
was prodigiously greater than 1t has peen curing
the period of darkness and depression whlch mas
existed since the defeat of the Republicans IN the
Presidential election of 1892. The people of America
In 1902 were 90 prosperous that they were able ana
willing to pay better prices for wheat ana LOT
cotton than they able 70 pay to-day Inc
demand for al the products OF American Farms
and American plantations would have Increased
and developed with the splendid growth ana de-
ve.opment OF the country which would ine'ltanly
have followed a Republican triumph in lSe lnnl
the Republicans were overthrown and the Demo-
Gratis gained the victory In the election OF 'ha'
year the EXPANSION, the improvement ana progress
OF the country we're going at most encouras-
ing and impressive rate. The Nation was stead'y
gaining in wealth, In diversity ard extent OF
ufacturing in population and IN all the ele-
pents OF advancement and success The wheat
grower and the cotton-planter alike were happy.
Those were days OF satisfaction and contentment.
IL all the wheat-growers and cotton-planters had
known what best for them. they wouid
have voted as ono for the continuance
Of the Republican policies, Republican tarin
and Republican protection OF American IN
dustries. But too many OF the wheat-gro"ers OF
the West and the cotton-planters OF the soutn
voted TO turn out the Republicans and put IN the
Democrats and 50-cent wheat and scent cotton
have been among the most conspicuous ana Ia
mentable results Of their votes.
Some New-Yorkers are taking the elocmiest
possible view OF the future. and are saying that
5o-cent wheat and scent cotton have esfabhshed
a standard Of extremely low prices. which VIII
prevail permanently in this country. They hold
that the American wheat-srowers and American
cotton planters can never expecf again 10 GET
fairly remuneratve price for their crops. But many
New-Yorkers who have devoted thorough research
and investigation to the problems OF production
and consumption do not accept this view. They be-
Ieve that the present prices are unnatural and I'M
reasonable and that there is certain 10 be a ire
mendous reaction In time. Wheat and cotton. they
say, have fallen to such figures that II Is In no
yay conceivable that the wheat-growers OF the
United States and the cotton-pianters OF the
Southern states can produce in the future SO big
crops Of wheat and of cotton as they produced IN
1894 until prices go much higher. They declare that
the number OF failures in the West and In the
South due to 5O-cent wheat and scent cotton, is
80 great and the lack OF means among Western
wheat and Southern cotton-planters is no"
so serious and widespread that 1t is impossible for
tho wheat growers of the West and the cotton plant
ers of the South to raise nearly so large crops OF
wheat and cotton this year as were raised last year
no matter how favorable the weather may be
Farmers cannot raise wheat in the West, and
planters cannot raise cotton In the South. unless
they have some little capital or some little credit.