Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1897-09-15
PERFECTLY REASONABLE.
BETTER Times Resulting from Wise
Republican PoiicS.


Events could hardly have suited re-
publican interests more perfectly than
they have during the last four years.
1t is only a month since the new rcpub-
licsn tariff Was passed and signed 10y
the president. All free traders will OF
course assert that the rapid change in
the condition OF business has had moth
ing to do with the tariff. SO they like
wise assert that the beginning OF com
mercial disaster within two weeks after
the election in 1892 was in no way caused
or FASTENED 10y the result OF the election.
The world does not readily ascribe
several such Coincidcnts to accident.
The plain people note the beginning OF
bad times in November, 1892. within a
fortnight of MIR. ClcVciaud's election,
and the era of good times in August,
1897, within fortnight after the en-
actmeut OF a republican tariff, and 40
years OF agonizcd special pleading Will
not alter the conclusion which most
men form.
1t is obvious that the partial failure
of European crops has much To do with
American industrial prosperity. So
the banking panic in Europe late in 1890
How serious the influence of foreign
disasters would have been i'm this coun-
try had no revolution in national poll
ties been forcshadowcd may not be
definitely stated. But everybody can
understand that the effects i'm this coun-
try would have been much less serious
il there had not been such n state OF
things produced here in 1892 '93 as TO
promote heavy sales OF American Sc
curities ON foreign account and large
exports of gold from this country. No
doubt the large crops and the foreign
demand have helped the country this
year and will yet help it, but no such
effects as are now seen could have been
produced if there had not been steady
preparation for months i'm every branch
OF industry for the revival expected
after the enactment of a new tarin.
Without ignoring the contributing in
fluence of foreign disasters in 1892 or
of foreign demand i'm 1897, il may bc
claimed with reason that the rough pub
lie judgment is not in error. Great dis
aSters came i'm 1892 03 and il is not
probable that such disasters would have
appeared had not n revolution i'm the
ened. Great Improvement comes in
1897, but such Improvements publicly
would not have come if return To the
wise republican policy had not favored
ii 10 the utmost.
1t is the habit of political opponents
to treat such suggestions with dcrision.
| The tariff enacted in July. they say,
could not have caused the large crops
in this country or the short crops
abroad. But the suggestion is essential
| ~ deceptive. II government reports
are of any value, We had "a larger crop
of wheat i'm 1892 than may he expected
/ this year. 1t is not at all certain as yet
! that the country will have u larger for
/ eigu demand for wheat than ii had five
! years ago, when exports were not far
! from 2OO,0O0,OO bushels. The course Of
| the stock market must not be over
! looked. Europe has been trying TO
cover It's grain requirements by selling
securities for some weeks past, but
! American confidence in the future has
been so strong that prices have steadily
advanced in spite OF European selling,
and The net result has been large buy
| ing by new investors i'm England and
| Germany. The situation was quite diff
ferent five years ago. The selling then
met no defeating confidence in the fu-
! ture of American stocks.
The key Of the whole business is the
strong and prevailing faith of foreign
ers in the rccupcration OF this country.
| We know they are right now, as we
knew they were right when they looked
for bad setback five years ago. It was
not dream or "a guess at that time. and
to-day the country is rapidly rising &c
the level of business done in 1892, after
tagging for five years from 20 to 40 pei
cent. behind the level If every vote
in the country draws from such fact,
the conclusion that the republican
policy means national prosperity h,
will not be seriously in error.-N. y
| Tribune.