Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1900-07-09

opposite of Imperialism. If any man
knows what Imperialism is and fears
and loathes it, that man is George F.
Hoar, the illustrious senator from
| Massachusetts. Though opposed to
| the acquisition of the Philippines, he
recognizes events and accepts our re-
/ sponsibility, and in a recent interview,
indorsing the republican platform and
candidates, said: 81 prefer to trust
/ the future of liberty to the party that
for fifty years has never been wrong
but once, rather than to the party
that for sixty years has never been
right once"
The same rule may be and should
be applied to those subjects which
affect our prosperity. Whenever,
,, during the last sixty years, the demo-
cratic party has come into power, and
has tinkered the tariff in the direction
of free trade, disaster has followed
sooner or later Sometimes the
calamity has been temporarily avert
ed, as it was from 1916 to 1857 by the
partial failure of crops in Europe
making an extra aordinary demand for
our surplus cereals, but it came never
theless and in his second annual mes
sage, in December, 1858, after eleven
years experience under the Walker
tariff, President Buchanan, democrat
though he was, drew this picture of
of the condition of the country the
year before: "With all the elements
of national wealth in abundance, our
manufactures were suspended, our
useful public and private enterprises
were arrested, and thousands of labor
ers were deprived of employment and
reduced to want. Universal distress
prevailed among the commercial,
manufacturing and mechanical class
es." Two years later the republicans
came into power, enacted the Morrill,
tariff, which was a complete reversal
of policy, Mr.. Buchanan signed it, as
almost his last public act, and from
that time while the republicans re-
mained in power, the country enjoyed
three decades of the greatest prosper
ity in it's history, Notwithstanding the
enormous losses of the civil war and
some temporary reverses incident to
changes in the currency. Since then
there has been the best possible op-
portunity to test and compare the
opposite tariff policies of the two
parties. After the republicans had
enacted the Mckinley tariff in 1890,
which was avowedly for protection as
we'll as for revenue, the democrats
made such an outcry for "reform"
that they misled the people, obtained
full control and enacted the Wilson |
law. 1t was not what they promised,
for it retained large measure of pro-
lection; but it made the most uneco-
nomic and unfair Determinations, Mr.
Wilson himself confessed that it was q
'political bill'' and it wrought enor-
nous mischief. That law and the
democratic unsoundness on the money
question, caused such shrinkage in
business and such decline in market
values of property, that the loss was
greater than the entire money cost of
the civil war;
The return of the republicans to
power in 1896 Immediately restored
confidence and revived business.
prosperity has prevailed
for three years. For the last three
months there has been a check, be-
cause demand had so far outrun supply
that prices had become abnormalIy
high. The check is wholesome, be-
cause prices have come down and as
soon as the dullness incident to mid
summer is over, there will be strong
and healthy revival of business in all
pursuits. This may be safely predict
I'd because all the conditions are
favorable and because there is little
.ear in business circles that the people
will be so insane as to invite recur-
'ence of the disasters of 1893 to 1896
oy bringing into power the democratic
party, tied as it is to the dead body of
10 to 1,' pledged as it is to tariff re-
luctions under the, pretence of strik-
ng at trusts, and disgraced as it is by
new notification in the South and a
in the city of New York.
There is absolutely no ground for
he charge that trusts are caused by
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