Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1903-11-25

Hanna to the Rescucs 49,
The cgotfsticaI announcement of SEN,
ator Hanna during the Ohio campaign,
that continuance of undisturbed bust
ness conditions demanded his return to
the Senate. will soon be put to the
test. 1t is to be hoped that Senator
Hanna's statement, that his reelection
will preserve the Industrial and bust
ness situation from disturbance, will
be verified and that confidence, which
lie believes to be the basis of prosper
ity will be preserved. The signs of the
times, however. do not bear out his
Demonstrations, as since his election
was assured the stock markets have
again largely declined and three banks
failed, two in Colorado and one in
Iowa, the day after election. That
sure barometer of business the iron
and steel market, is becoming more
and more demoralized and on Nov.
9th the steel billet pool reduced its
prices from $27 to SOB per ton. The
Steel Trust being the dominating pow
er in the pool would not have agreed to
this cut unless the conditions required
1t. Cut nails have also been reduced
20 cents key and other products of
the Steel Trust have also been reduced
i'll price in like proportion. While these
cuts in prices are taking place in the
wholesale market, the reduced price to
the consumer has, SO far, not material
lied and probably will not for some
time. The reduction foreshadows the
much more Serious problem of reduc-
ton in wages that must certainly fol.
low in the spring of 1904. Then will
come the crucial test of Senator Han
mas statement that Ibis reelection was
necessary to preserve the industrial
and business situation from disturb
ance."
There may be 10 panic such as oc-
Cured in 1892 and 1893. but a readiu lust
ment of prices and wages is under
way and the result may be as disas-
trouS to business and labor as in the
former trying times. That the process
has already commenced is certain, for
tire New York Journal of Commerce.
Nov. 9th, reports that new scale of
wages has been signed by the employees
of the American Sheet Steel Company
Mt Scottdale, Pa. 1t goes into effect
on the first of the year and carries n
| reduction of 20 per cent in the wages
of the skilled workmen. The same
newspaper reports on the same day
that 5000 coke ovens are idle in tho
| Connellsville region and the remaining
| 1900 ovens are only running about
half time. With an Industry in such
shape a reduction of wages is sure to
| follow.
| President Roosevelt and the Rcpubli-
can party must nurse Senator Hanna
with the greatest care for their future
evidently depends on his well being.
AS for the rank and file of the Repub-
leans, they will have to get along with
the rest of us.
Republican Postmls:crs Organizing.
The word has gone out from the
Republican leaders to the postmasters
| in every State to organize Osten-
sibly the faithful henchmen are to have
us their objects educational and fra
ternal purposes but their real purpose,
it will be seen, is a partisan one. The
Nebraska postmasters are the first to
carry out the order from the bosses by
meeting at Lincoln last week and were
ado essed by sundry Republican Con-
gresslnen AMI editors. Amongst the
number was w. p Andrews" says the
Omaha World-Hcrald. former Con-
gresham from tie big Six" and at
presant auditor Tor the War DEPART
ment, having stopped off here while Cd
his way to fill ;ew speaking engage.
ments in the western part of the
State. He naiyely admitta> that tho