The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1900-10-02
THEY'LL Be WISER
AFTER ELECTION.
The Strikes and Shut-DOwns
Expansion Past and Present.
LOSSES BY BUSINESS FAILURES.
The sherman silver Coinage Law and Its
Ehect-rhe Christian, the Filipino,
and the suiu Moham-
MADAM.
(By A. McGregor.)

Inc LOSSES Dy puSiHeSS uu
ing the last ten years are estimate
at $1,000, 100000, an amount more than
double the entire circulating medium OF
the country. This Is an alarming state
of things, for which there is no excuse
1t shows conclusively that our none
tary matters are neither rational nor
right. The whole arrangement seems
to be a gambling game and all uncer-
tain. During all these ten years there
has been much tinkering with the cur
rency and tariff, claiming all this woul1
bring prosperity, and there are peopls
so lost to truth as to proclaim that we
have the prosperity now, although the
business failures are more numerous
than they have been for some time
previous. These failures too, demon
strate the curse of usury, resulting
from the covetousness that endangers
all. Blessed is that country where
honesty prevails and the peoples rights
regarded, and where monopoly by fran
chises and trusts are not allowed
to rob and oppress the people. A privi-
ladged class is the curse of any land.
Ten years ago the Republican party
was in power, Harrison being president,
and the Mckinley tariff and the Sher-
man silver coinage bill were passed,
the claim being these would bring pros
perity, and no doubt it was expected to
elect Mr.. Harrison again and keep the
party in power. The Mckinley tariff
was a woeful disappointment and the
times We're so hard that Mr.. Harrison
was defeated. When Cleveland became
president he called an extra session of
congress to repeal the Sherman silver
coinage law and the Republican MEM
bers of congress voted for the repeal of
their own law, and so silver coinage
was knocked out. 1t will be remem-
bered how Mckinley used to berate
Cleveland for being gold standard. The
position of the Republican party now
and the course of the administration
In its wiggling currency policy shows
neither consistency nor safety. The
party leaders in 1898 saw the necessity
and passed an act through congress or
dering the coinage Of the silver bullion
in the treasury, and so they have been
at work coming silver dollars at 16 to 1.
And yet some talk about a As cent dol
lar They say nothing about bank pa
per money which Is not legal tender
at all, the constitution declaring that
only gold and silver coin are legal ten
der.
At the late session of congress ad-
ditional favors were given to national
banks, one redeeming the tax they had
been paying heretofore. The war taxes
upon the people however, are not re-
duced or abolished, not even the stamp
tax on kilograms, checks, etc. The ad-
an1 Ice, aAt
try to relieve the people, but were will
ing to do somewhat more for bank pros
perity. 1t would not look so bad If
they had done something for the peo-
pie,
1t will be remembered that in 1893
the banks brought on stringency
in order to help on the repeal OF the
Sherman silver coinage law, and the
hard times then were largely the result
of the bank panic, and the repeal of the
silver law did not prevent the evil con-
sequences of the bank folly and inter-
ference. All this shows the mistake
in our government giving such danger
Gus power into the hands Of any set of
men. They wanted more contraction OF
the currency-and got 1t, some Of them
to their sorrow, especially those that
failed. Indeed the go or more banks OF
New York City in the clearance syndicate
suffered. The clearance bank issued
some twenty millions Of their own
notes to save themselves, all contrary
to law.
"a syndicate presidency" says ex-
Secretary Olney, and we may add trust
syndicated party. for all the trusts and
In tho Pan1hlirq 4
service. AS Mr.. Bryan says: 1.-THE fact
that the trusts support the Republican
party ought to be sufficient proof that
they expect protection from it," There
it is in a nutshell.
There is no concealing the change In
favor of Bryan. A recent poll of New
York city shows plurality for Bryan
of 10000 and he will gain largely
throughout the rest of the state. The
New York Herald establishment show.
the change, Bryan LOG, Mckinley 16
Woolley /, undecided 8. Four years age
the vote stood Bryan 81, Mckinley "a
Such straws prevail all over. A poll @
Chicago shows a majority for Bryai
of 10000. Mr.. Hanna says 1t Is over
confidence rather than apathy on tn
part of Republicans; but Is 1t not rath
err disappointment and disgust? Re
publicans as rule wish we'll to thei
country, for 1t is wishing well to them
selves and their posterity, and they d
not see anything beneficial In the Phil
ippine business nor In the robbins
plundering trusts. They realize and fec
the increased taxation.
The administration advocates an
organs yet talk about the full Dime
pail. Do these gentlemen refer to tn
anthracite region and Pennsylvania
Or to those mill towns In New Englau
where large mills are shut down fc
an indefinite period? Or to those nun
erous establishments closed by tn
trusts? Last year, according to the r.
cent report Of the Pennsylvania Burea
of Mines. only $50 days Of labor WEI
permitted In the coal trust mines. Tn
fact tells a tale that is q key note