Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1898-01-13
LOOKING BACKWARD.
SOME TROUBLES AND TRiuMPHS OF
'o7.

The year that has just been brought
to close is one which will long be re-
membered in the political and econom-
ical history of the United States. All
industries have steadily improved dur
lug the year. Crops have been richly
remunerative to the farmers which has
enabled them to pay off their debts,
and lift the encumbersome mortgages.
The markets have grown more stable,
and confidence in American stocks has
been restored in foreign countries.
There is more buying and selling, and
the number employed is steadily in
crossing.
There is less suffering among the
poor this winter than any winter for
number of years. Coupled with all
this it has been year of abundant
harveots, of good health, OF renewed
activities in all directions, of peace and
national security, while all the rest OF
the world is more Or less perturbed.
The Republican party, in it's Nation
al convention, pledged the people to
replenish our depleted treasury and to
revive the dead and dying industries of
the country. A trusting people placed
heir confidence in that party, and on
the 9TH of March one of Americas
greatest statesmen, stepped forth and
took the oath of Office as President of
the United States. And that the
pledges Of the National convention
have been carried out and redeemed,
can be seen by brief resume OF the
business and financial condition of the
country at the opening of the new
year.
Immediately after President McKin-
lev was sworn into Office he called Con-
gress together to legislate on the SUD-
iect OF the tariff and the revenue: to
meet and remedy the same old condl-
tion which has always confronted the
American people at the close OF any
and every Democratic administration.
The same old condition of closed work
shops and empty factories, OF smoke
less ch.mneys and idle spindles, of ru-
med homes and starving people, of free
trade and no trade, of low wages and
no wages. The last time the Demo-
cratic party was in full power in this
country, it left the Government in the
same condition that this administra
ton found it-with a depleted treasury
and destruction on every hand. The
sublime faith of the people saved it
then and will save it now.
During the four years of Democratic
administration, from July /, 1893, to
June 30, 1897, the receipts We're rum
ming behind the expenditures at the
rate of fifty million year; and during
the twenty-eight years, from July |,
1865, to June 80, 1892, when the coun-
t.y was run upon Republican princi-
pies, there was an average surplus of
receipts over expenditures of over six
ty-five million dollars annually. Such
were the fruits of the Republican tariff
policy.
The Democrats opposed the Dingley
tariff bill, saying it would raise too
much revenue, and warn us against the
dangers of surplus. But these warn
ings come with poor grace from a paz.-
ty that has placed our Government
during the last four years in the mud
and mire of financial bankruptcy.
Wha5 does that party know about a
surplus, when it has never been able to
produce one in fifty years; or been able
to pull ITSELF out of deficiency. We
have always found that it was much
easier to take care OF a surplus than
deficiency.
Protection has always been recog-
nized as the National policy of our
country ever since Washington signed
the first tariff act 1t is extremely
amusing. if not edifying, to hear our
Democratic brethren, who seem to
have little respect for history, continu-