Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-11-08

,ar o,re-stricken times Of four years "oN'
under Democratic RUE. oe,,,or OF
~ ,hts tho result OF the execution
,hc nrinciples upon which the I
ean platform f. based2 or u u; =, .
armly believe. the after eitec's VI ''
ware ,., ,baolute
Ar Weyl may reply with aos'' 49,
,.adarce upon the statement thar ou,
,.rnsopt prosperity has nothing Wn,'.s
- do with Republican policies anu 40, la
,bo hard times of a few years "so
,a connection with Democratic RUIZ.
au civilized counties and more
-i,tt,, and more intensely I'm the ohl',u
S,ates this century has been ma NJ"
neriodical panics with ensuing ~
l,-,,r,ssion The course Is always ~
eame-nrst panic. men stagnatioi,, -
allow recovery. then prosperity, ln'',
boom. then wild speculation. 'nen -
other panic and the 'repet''io" "
process. ,,,o. ocono-
,,iets have tried to connect them WIN
natural phenomena. Jevons, In Ensianu'
Thought ne could show reiatlon pe-
tween them and the spots on the sun
In the United States great panics come,
ON an average about once IN '"en'S
wears. The severest ones or lhls cen
turv have been those of 1873, lo''' lo'''
1873 and 1893. "a tho
The most disastrous panic and the
Largest ensuing period of business ue-
nression i'm our history came uiuer TIC
publican rule i'm 1873 and the SIN iol,o"
10, ,,eors In 1893 il was the misfortune
~ the Democracy to assume power yus1
os another panic was fully due. MS
cataetrophe which probably could not
have been entirely averted in any case'
was helped along by the Barring ialIuie
I'm 1890. the Mckinley tariff. the Sheril"'
silver law and the dependent pension Jaw
all passed by a Republican Cohsie9 III
the same year and the financial hllsili'ii
agement of the Harrison Admlnlslratloi,
panic was i'm the air when Mr. CleVelanu
entered the White House. and the eosl,ls
of the Indian minis preclpilateu '"0
storm. ,,,,
If Mr.. Cleveland had carried out bein-
ocratic policy the blow would nave peen
co,,gidoroblv softened. but from the DAY
of his inauguration he gave the country 70
ali intents and purposes Republican
administration. His financial policy was
identical with that Of Harrison and NC
Kinlev. and his tariff policy was httie
better The Republican party has reai-Y
been I'm uninterrupted control OF the eN-
ccutivs branch of the government Tor
AT least ten years.
After the panic Of 1893 we ceased 10 go
into new enterprises for time. europe
unloaded our securities on ms and we
bought them back There was a peflou
of dun dogged debt-paying.' At last We
found ourselves I'm position TO go ahead
Nv enforced economies we had saved
money. We had little interest to pay
abroad. for the foreigners had Withdrawn
their investments here, we had learned
10 get along with homemade goods. we
had good crops and IT needed only the
revelation Of our power furnished by the
war with Spain. which the Democrats IN
Congress. encouraged by papers Ike the
Journal. forced on the reluctant Nc
Kinlev Administration. 10 restore con-
fdence and start us again on the road
to prosperity. Republican politics had as
much To do with the change as a stroke
on the ground with a golf club has 70 90
with the rotation Of the earth.