The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1897-09-11
THE POPULAR CoNcLuslou
Better Times Resulting from w..
Republican Policy. "s

Events could hardly have sp;,o,
publican interests more perfectIv nv
they have during the last four W.
1t is only month since the new ren~a
lican tariff was passed and signeG ~
the president. All free traders w;n.
course assert that the rapid chance
the condition CT business has had 81
ing to do with the tariff. So thav ~.
wise assert that the beginning Of DOW
mercial disaster within two weeks ot.--
the election in 1892 was in no way eanssa
or fastened by the result of the elec,ios
The world does not readily ascriL.
several such coincidents to accidan,
The plain people note the beginning,
bad times in November. 1892, within,
fortnight of Mr.. Cleveland's election
and the era of good times in Aucus,
1897, within u fortnight after the en-
actment of republican tariff. and a
years of agonized special pleading win
not alter the conclusion which mos
men form.
1t is obvious that the partial fai,.
of European crops has much to do with
American industrial prosperity. s.
the banking panic in Europe late in lsN
was not result of democratic vote,
How serious the influence of ioreic,
disasters would have been in this conn.
try had no revolution in national pol,
tics been foreshadowed may not N
definitely stated. But everybody ca,
understand that the effects in thiscoup
try would have been much less serious
if there had not been such a state Of
things produced here in ls92-93 asp
promote heavy sales of American y.
curities on foreign account and i'm.
exports of gold from this country 10 i
demand have helped the country this
year and will yet help H. but no such
! effects as are now seen could have been
| produced if there had not been steady
preparation for months in every branch
of industry for the revival expected
| after the enactment of new tariff.
Without ignoring the contributing in.
fluence of foreign disasters in 1892 or
of foreign demand in 1897, ii may be
claimed with reason that the rough pub.
lie Judgment is not in error. Great dis
asters came in 1s92-'93, and il is not
probable that such disasters would have
appeared had not a revolution in Tie
policy of the government been threat.
ened. Great improvement comes il
1897, but such Improvement publicly,
would not have come if a return TIE
wise republican policy had not favored
il 10 the utmost.
1t is the habit of political opponens
to treat such suggestions with deF!sic'
The tariff enacted in July. they say
could not have caused the large cFoF
in this country or the short cFos
abroad. But the suggestion is essenul'
" deceptive. II government repa7
are of any value, we had largerT
of wheat in 1892 than may be eNpetA
this year. 1t is not at all certain as "
that the country will have larger for
eipn demand for wheat thanit had i've
wears ago. when exports were mol 10.
from 200. 900, goo bushels The course OF
the stock market must not be over
looked. Europe has been trying 10
cover its grain requirements by seIIhg
securities for some weeks pasN ou'
American confidence in the future na'
been so strong that prices have s'eacN!
advanced in spite of European sehlg'
and the net result has been large Ou''
ing by new investors in England aaa
Germany. The situation was qui'e W
ferent five years ago. The SELLING 'ls1
{ met no defeating confidence IN 'ns'f
> ture of American stocks.
The key Of the whole businesses
strong and prevailing faith oil iorasr
, ers in the recuperation OF this eoul-l
We know they are right now ~
, knew they were right when they l ,.,
for a bad setback five years ago i"',
y not n dream or guess atthat time au'
y to-day the country is rapidly r7slng
Q the level of business done in lss2 ai'
tagging for five years from ~ 10 IVY,
cent. behind the level. II ever! Wv.
in the country draws from suca ~, ~.
the conclusion that the repuO"',,
i policy means national prosperity
> will not be seriously in error
:, Tribune