The weekly Iberian. (New Iberia, La.) 1894-1946, 1903-05-30
LABOR COLUMN.
Il. C. BRAGG, Editor.
The Panic and its Cause.

be well to try ana discover Why II
! that a period of hard times
,ser,s to fall upon the country
.hout every ten years. OF course,
many reasons have been advanced
10 those of different political
fstb, to account for these panics,
and many remedies have been ad.
vocated by which an era of pros
,ority would be enjoyed by the
oeopIe Of the nation, but whether
- have been able TO adopt these
,pmedies or not; we have found
that after a few y ears of prospect
~ we had few years of depres,
,,ou to be followed again by pros
srity and then by depression,
and so on time after time until we
are bound to acknowledge that
not only has this taken place in
he past in spite of every effort of
nr statemen to avoid it, but it
vim also take place in the future,
inst so long as the true cause
rhich produces this effect, is al
nVed to remain with us.
IA good physician, when called
lin bya sick patient, endeavours
| 10 ascertain the cause that pro-
| juces the sickness. He does not
always succeed at once, so he
yves medicines, which he think S
I viii relieve the suffering which in
|raiably accompanies the disease.
| This good physician knows full
well that these medicines are not
|gpiDg to cure his patient; he
|Enows that he must find the cause
land remove that cause before the
disease can be conquered. 1t is
|lhesame with the diseases of the
Social body; and just so long as
I've are satisfied to try methods
that will only relieve the effects
|ef the cause for the time, and ne
elect to ascertain and remove the
true cause which produces these
ELECTS, it will appear again and
again.
Every remedy that has been
advanced by The old political par
ies has only given us a slight re-
|hef The Republican party has
always endeavOred to make of
ials country great commercial
natiOn, one that would be able to
utter the markets Of the world
iad compete successfully with
seery other nation. 1t has been
y ain to place us in the front
~
INKS believing that by so doing
would better the conditions of
y people. As a means to this
a t has always advocated the
eofy OF "protection." 1t realized
Aat I we were to become a great
oonmercial nation, we must have
szeat Industries; and if we were
q have these great industries,
Eney must be encouraged and as
aased IN every way, SO as to make
aeln greater than their competi-
|'en OF other countries. 1t was
honght that while this protection
~ baiIding up our industries, it
Wald at the same time, also
H'se the price that would be
pald to The laborer and mechanic
wages, to produce those goods
'sat we're needed by the consum-
IN
1here Is no doubt that Ameri-
% wages are greater than the
w paid in Europe, but do not
'ao0rers who receive these
ages, Mnd who are the consum-
= y tl.e goods which have been
1Malactnred, have to pay a
s"a'er price for the goods they
y .'llncs 1t is not the amount of
which a laborer receives
ssst makes him better or worse
oat Il is the amount of goods
'aEl ile can purchase with this
.oacy, that really shows his con
's'oa II ! should receive two
WARS per day, and this would
~ provide me with the necessi-
80 g life, ! would be no better
= !. got four dollars day than
a y look four dollars to buy the
= things as before Pun chased
~ Two dollars.
h nowever. the Republican party
00Cce0dp1 IN maL;nr +l,;s tbn