The Honolulu republican. [volume] (Honolulu, T.H.) 1900-1902, 1900-10-17
Pr RnsPERITY UNDER REPUBLI
CAS ADMINISTRATION.

For the man who studies the history
y .a coUutry and the business CON
HfrHs under various administrations
r can certainly be found no reason
9r rsirirg the return of the democracy
n power. One does not have to 20 hack
carry history Of the country and
the great panic Of 1881 under
Jackson. "a which every manu-
Ec Bdu,irv o. the new country
vept olt of existence. nor is il
ary TO 90 back 20 the panic OF 1857
'ud the democratic administration of
iau Buchanan when business houses
kinds failed. when even the credit
- .r country was assailed and United
~is bonds went begging ar a discount.
Il rvelge per cent
One only needs 70 20 back 10 the re
eC administration of Grover Cleveland
aud rhe panic Of 1898 when the bottom
d 20 drop out of all business.
t's..o~ies that had been running full
wr during the administration of Benja-
'r Harrison, and IN many cases over
NAANA hNtAA bANA l'CtnAuuS lnI
-'els ceased Norkmen xere without
mp.nyment hanks failed; business
iou>as closed their doors their owners
going into bankruptcy. and financial ruin
lHa wreck swept the country like some
ergaie disaster.
it has been asserted and never yet
isutl that the administration of Grover
.iryelaud and the Democratic party from
N'] 10 1891 was more costly TO the
.omtp iu its disastrous effects upon
a1of aud business than was the four
sgr, OF awful civil war.
What was the result when Mckinley
gs~ elected; Il did not need his in,
auguuuon TO start the wheels of bust
rr>s going again. His election meant
eiiru 20 power Of the Republican party.
sui with that assurance business men
,neN tho financial depression would b.
nded. They knew that tariff law
would be enacted under which American
Industries would flourish. That labo-
would again be employed at good wages
tad hardly had the returns Of the elec-
ion hecn bulietined until the fires in
ua9ueds of factories all over the land
were lighted again aud the grimy smoke
rf teu began to ascend from the stacks
TIE SOUP houses which had been feed.
ag ueople by the hundreds and hy the
thousands in every Industrial center dur
ins lereland's administration were de
srt,,.. The men who had been depend
ms np0n charity were transformed into
oys oi toll. and from all over the land
au, the same glsd tidings of good times
eD again Work there wSs for every |
ne aJ renuueratiye wages. And this |,
as continued right along. Throughout |
~ and 1898 the daily papers we.e
ilos with kilograms from the great in.
.ustsiai eenters selling OF voluntary ad
anes IN wages granted by employers |
hs .radc cf the country leaped forward |
z raryelous bounds From being an in.- |
,prler 0f manufactured goods xe sud /
ssgl- nevame an exporter. From import |
'gg 'oore goods than we sold. as WAS the |
sse under Cieveland's administration {
-ne irawing gold from the treasury an |
g0u The sale of United States bonds Ia |
sy he trade balances sgsinst us. NE
egaa selling 10 Europe far more than NC
-ureas.d from her The trade balance
stitched sround in our favor and il fssl
o Eanope te ship goli to the United
, safss 20 pay the trade balances in cur
2v,s inssesd ~ the other way. IS under
esDd and democracy.
!he money aud banking center OF the
ror'3 for The FIRST time in the worlds
iSsory crossed The Atlantic ocean and
.sted OF the borrowing nations Of thu
al seeking peney from the great
s,,king 6onses Of Frankfort. Paris. Bes-
. azd London they sought loans from
~ b.nkinx houses Of New York. Within
ae gisst year immense loans aEgresasins
sseFal hundreds 81 millions Of dollars
sse ieen hoared in New York for the
srioes sonnrries OF Europe.
7his Is the effect Of the marvellous
ses,,vYi;y aud industrial growth of the
,Hsis.y nhder the wise administration |
Z the republican party. Does any man !
une 10 believe thar the Territory OF !
awaii. now part es the sreat repuh- =