New-York tribune., 1898-10-30

have been settled two years ago; II would be re
protection as well as for revenue, which was also
supposed TO have been settled in the last Presiden-
tal election. The contrast presented by the uncer
tainties involved In the partial PERFORMANCE OF
the results Tor the last two Years. is one Of the
most interesting studies in American politics
uon to discover the causes Of the disasters of is9a
1924 and 1895 The necessities Of the Civil War com
PEELED the adoption of n high tariff to secure the
requisite revenue Our revenue system. under the
James A. Garfield. General Grant and James G.
Blaine was so adjusted TO the support OF the Gov
that on the one hand the surplus OF the revenues
Which h9wed into the Treasury PAD of tWThT1s nSdhs
genius was stimulated, and the capital and labor OF
the country found employment and happiness IN
fishing manufactories in articles and fabrics & 5o5
which before we had been dependent upon the Old
DEMOCRATIC THEORIES.
Then came the Democratic victory OF 1892 The
Democratic theorists who had been discussing for
a generation in an academic way from the chairs OF
political economy In colleges and by essays In the
magazines the problems OF government. said: Now
that have the opportunity let us bring about the
millennium at once by putting into practice our
theories" Then came the chaos of financial Sug-
gestion and the Wilson Tariff bill. This was a
bill drawn. far practicable upon the lines
of free trade. Its authors avowed that It's purpose
was simply to raise revenue. and neither directly
indirectly TO protect American industries IL
duce revenue enough 10 support the Government
and succeeded in paralyzng the manufacturing m
with the same population with the same resources;
and labor in 1894 as in 1892 Then why should sew
enty millions Of people suddenly he beret OF energy
and millions Of the means OF earning living? IL
Illustrates as before in the history OF an In
dustral nation. the yawnng chasm between conn,
to procure revenue for it's expenditures created dis
trust; the unsettng of values by the Wilson Tariff @
Which @ o the ns syeT anG the seller had before met and
agreed. created disrgst the rampant schemes d fot
money, for impossible double standard, for CIV
possess in the markets of the world by substituting
promises for money not only accentuated the dis
trust. but plunged business men into despair
AN ATTACK OF HYsTERIA.
II was while we IN the midst OF these
troubles that the world witnessed in our country
an extraordinary psychological exhibition. Political
parties are prone to enthusiasm over their leaders
and their principles. They have several times IN
history been in conditions Of revolutionary ex-
element. but for the first time in the records OF
representative government a great historical party
tho Democratic party-had In 1896 en- attack OF
hysteria The Convention of lSS. which met in
Chicago had among its members many great men
men Of National reputation, men who had won
fame and leadership by their ability. wisdom. de-
batting power and constructive talent in the Ma
tionai councils But the Convention reflected the
prevailing hysteria which had seized the party us
platform was n hysterica platform. young pan
of commanding presence and oratorical fcrvor
brought the Convention TO Its feet with iurid
metaphor. metaphor OF Mysteries, and IN such a
convention the metaphor swept aside every states
man and every leader, and nominated It's author
Of Silver and Cross OF Gold we had in moment
seemed Imminent under the leadership Of our
friend. Colonel William j. Bryan. The mistake or
who have made discovery or promulgated a
theory OF attaching the theory TO fact to demon
ment to demonstrate its soundness. When Colonel
Br! an htched silver and wheat together as
he knocked the wind out of silver; when he stated
as an argument for sixteen TO one" that depreci-
the gold standard he nailed his doctrine to panic.
THE RESULT OF CONFIDENCE.
The political atmosphere was cleared Of clouds
the financial atmosphere Of distrust the business
atmosphere Of despair and the American mind OF
dreams by the election Of William Mckinley. Tho
American people the most intelligent and ven-
turesome business men Of any nation. II they can
know the factors in the problem OF success
failure. they never hesitate TO act. They realized
instantly after the election OF a Republican Presi
dent that the protective policy would be re-estab-
lishod and our currency would remain stable on
the gold basis. There is no marvel Of electrical
invention appliance which equals tho effect
which this confidence had upon American indus
tries The gold in the United States Treasury un-
ard currency ran down to $42ooOOco but to-day
the amount Is s2230ocoo the largest sum which
the Treasury has ever held Our imports have de-
creased $l48 100000 since the Inauguration of Re-
publican President, and our exports have increased
Snce Of trade in our favor Of .s4s @SoSo and the
@ S GsS Of 1e3 5qT0Pf6 to s Is Td n INK
ports during a period when we have been excep-
tionay prosperous is the most significant tribute
10 the workings Of the system Of protection OF
American industries.
DIFFICULT PROBLEMS SOLVED
For over fifty years American statesmen grappled
with, but failed to solve, the problems OF Cuba.
Hawaii and n canal through the NicarasIan 18TH
tfoI For tba ctton
of our Pacific Coast and Cuba by its frightful
rnisgovernment under Spanish rule. enlisted our
sympathies and aroused our indignation. No states
man has ever doubted that, either possessed by
u.s. or under our protectorGte It would be an In
valuable acquisition to our power. and a protec-
ton In the command which we ought TO have over
the Caribbean Sea and the Gulf Of Mexico. We
have been sereney patient and self-content. while
this irritation within hundred miles or our shores
has grown more and more acute year ny year: The
!rreconcllabe divisions in Democratic Cabinets
made action the part of our Government. either
humanity in Cuba. absolutely impossible
the one hundred days covering Napoleon,S return
from Elba and ending with the battle OF WaterIo2;
Revolution and the struggle Of European peoples
for liberty were wiped out Monarchica institu-
d IN dcsroysm m S are e 10 the
Victories of the dynasties in that ono hundred days
How different the one hundred days OF the Amerl-
can-spanish War! At its close Cuba is free, Porto
Rico is ours, the American flag floats over the
Ladrones two Spanish fleets have been destroyed
and sunk with the loss OF only two men, the Span
ish power has been broken and her hold upon the
Western Hemisphere severed, while the guns OF
Dewey have given to us the Philippines and opened
the way to China. The people Of cuba are as
with It's splendid climate and rioh soil. Is destined
20 invite from country our people and our
products. The responsibility Of governing these
countries and the philippines Is great. but the
policy of governing them by recognizing the man
hood Of their peoples has never been tried.
Power behind justice IA a tremendous, most enica-
cious and rapid civilizer Intelligence responds 20
education, opportunity quickens the mind and the
ambition Tho inhabitants OF these Islands viii re-