Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1903-09-16
Our cram pant pro.perlty. .


Of both parties recognize the fact that
the Republican party has been as for
tunate In Its defeats as In Its victories.
All well-informed and fair-minded mon
know that the panic of 1893 and the
succeeding years Of depression would
have occurred, no matter who had been
elected President in 1892. The Harri-
con administration was put to Its wits
end to conceal treasury deficits and
Btave Off bond issue until Cleveland
was inaugurated, In fact the plates
Tor new issue of bonda were ready
before Harrison left the White House.
The 1893 panic was partly due to the
Republican spendthrlfts who, before
1893, had ''bfown in" all Of the big
surplus left by Cleveland in 1888. 1t
would have been fortunate for the
Democrats had they lost in 1902
But the Republicans have overstayed
their time and are almost certain to
have to take their own medicine next
year. They are doing their best to pre-
vent business collapse before next
year and are whistllng hard to keep
up their courage. But many recognize
that the Jig is up with them. This idea
is beginning to find expression in Re
publican papers. One of the Oldest and
staunchest Of them, the Chicago Jour
nal, said, n few days ago, that THE
belief is strong that the tide Of pros
perity Is turning, or Is about to turn
The Government bulletins and re-
ports, of course, tell us at length al
about the prosperity items, but say
little about the gloomy items which
are getting more numerous from day
to day. Thus the Bureau of Statistics
Bulletin of Aug. 8 shows up the favor
able features Of our internal commerce,
says that "the current year compares
favorably withthe corresponding period
In 1902 or 1901 and then hastens TO
say that there is no evidence of a
general recession in commercial activi-
ties corresponding to the extraordinary
shrinkage In speculative values"
The American Economist, the organ
OF the Protective Tariff League. is
working harder than ever 10 demon.
strate on paper TINT prosperity is still
here. Some Of the headlines in Its issue
Of Aug. 21 are: prosperity Rampant:.
General Prosperity Untouched" '.Thc
Facts of Prosperity;" "Significant Fig
ures; Our Commercial Expansion I'm.
der Protective Tariffs;' 81 abor's Pros.
perity..
When the Republican papers are as.
sorting that "Prosperity Is still here y
and are irving TO prove 1t by publish.
ing statistics showing that Pcnnsyl-
yania,s Iron and steel Industry raid
twice as much In wages in 1902 as in
1896; that our imports were greater
last year than ever before. that our
ipostoffice receipts were higher than
ever last year, and other favorable stu
tistics which they tell us are reliable
barometers OF trade; while we are be
ing assured that our crop prospects are
again good, and that the railroads are
threatened with another scar famfne;;,'
and while the Secretary Of Agriculture
is telling us that everything is lovely
IT.. VI .s s' ~ =, sup. VIZ.
.ss aDy ~" INV ~ ,l.ses >.
~. aN..a pon.s, y
TO- ~. a,,. =, AZ. . "a ny
.,e e - L., 20 80 co., - 49,. = 7
- craat darras -, 4, VII 49,.
scots No. shr,,n,, f,a,., % - = re. ,cc
noints d,,r,no tl,a last ,ear t,a ava,s 49, =,
sbr,nSaaa heinn ohant m nar asn. s
E,rono,el exner+s do not oprao ,,,,., ~.
Ran,,h,,can ,,o,,ticiors tIot ti,asa a. ~
connection between Wall streot and III ~, :,
rest Of the country Thay knom ,,,ot
business ia done mainly mon = cradi,
basis and thot wall street IL tho hea /,
Of the credit system. Hence when the
heart is .disordered and diseased tl,p
whole system is de,anre;l md de,,,l,.
tinted. Thus. Mr.. Cutbbert Mills for
MANY years tile financial expcrt of The
New York Tribune the leading sRenul,.
lican paper In the country. said in rs
ISSUE Of Aug. o: