New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-06-23
MKINLEY INSPIRES CONFIDENCE,
CAPITAL. Will. NOT EMBARK WHEN THE DEMO
CRATIC PARTY CAN BE SEEN IN THE
FOREGROUND WITH A CLUB"

To the Editor OF The Tribune
Sir: Patrick Henry said he knew OF no way
Of judging the future but by the past. II that
means anything. IL means four years more Of
Mckinley, for the people are quick to catch the
lesson Of experience.
The country had pretty fruitful trial Of
debased currency during the war. and reaped
the terrible harvest of 1873, and I have never
believed any serious desire to try It again has
lodged in the public mind But the free silver
fallacy is strenuously urged and cunningly
gued by its advocates. and should be met at
every point 1t should not be taken for granted
that this mushroom Of the dark Is going TO die
simply because the sun is out. The most COM
pete answer 10 It is offered in the history Of the
last four years-a gold basis and g prosperous
country.
The value Of exports Of domestic products for
1895 was 1868 200 4S7 against 81 BOB 931 300 for
1890 Wages paid in 1895 were 1921 016,0OO
against S3,O5G go 200 in 1899. The value Of
manufactured products in 1898 was S9,4o2,9t3,-
OO0 against ST.. ~ .OTS,IJ5 IN lsU9. These hg-
Ires are taken from The American Economist
and they do not howl very loud for free silver or
free trade. Business prosDers when the people
are purchasers. The people are purchasers when
they are employed. Unemployed capital means
unemployed labor. Capital VIII not embark
when the Democratic party can be seen in the
foreground with a club.
Large combinations Of capital are go removed
from competition that they are less liable to
failure. and therefore offer mere permanent
employment to the laborin- man. BY removing
destructive competition they render the position
Of the labOTing man more secure They should
be controlled by proper legislation to prevent
abuses Of their power Such legislation viii be
forthcoming if Mckinley is reelected. AS TO
q change Of Government, we might take les
son from some of our neighbOrs over the seas
The English DO not change their Government
when IL is doing the best il knows how, and
their country Is prosperous. II is true perhaps
unfortunate that we are obliged TO go through
the ceremony OF election every four years
But Il should be little else than ceremony this
fall.
With the Republican party in power another
four years and Mckinley at the helm, capital
will have no fear. There will BE- trifing and
no experiments with those two great problems,
the currency and the tariff. and business pros
reritv which is sure to follow where the future
ma kes no threats. will be sure to stay with
for four years more. It must not be forgotten
that the recent prosperity has been pronounced,
IN spite OF long ana expensive foreign war ana
threats Of foreign CONF iCatiOns, with which the
Administration and the business public have
been embarrassed The next four years should
Do, free from such distractions, and I look for
an uninterrupted period Of business prosperity
under a continuance Of the present Republican
policies.
rr7erce is uverproductiOu. To meet 70 ne must
either curtaN production or enlarge our mar
kets Curtailing production means throwing the
reCpIe out of employment. psralyZiDg industries
and inducing panic BY enlarging our markets
end thereby creating wider demand for our
PRODUCTS the danger can be avoided. This is
one of the foremost policies OF the RepuDlica
~or,v and the Administration is doing all that
e p0ssible IN that direction. Peaceful relations
with foreign Powers granting a stable govern
- arr 70 cur new possessions which VIII invite
t-a1a in cuba and the Philippines and foreign
r1oIicv that shall 10 Il that we get our share
a trade in the East are problems that are re-
eafyipz the closest attention Of the Administra-
I'm Tbe country is in no condition TO undergo
change OF Government The party IN power