Bisbee daily review., 1904-07-10

true. by Republican legislators. whc i thought they saw in it the final disrup ! ton of the Democratic party. That was in the main their motive.
 [. Now they would "steal his thunder. and this Republican platform boasts 1 that it was the Republican party
 which established the gold standard Moreover. they would now eat their words and their votes of 1893 and tell us that the panic as not brought about as they then said. by lack of conf dence in our money and too much sil- yer" but. forsooth. by a tariff act which was not passed until more than year after, to-wit, in 1894. when the panic, that is, the acute and fright stage of depression. as virtually over. Do not misunderstood me. 4 panIc. of course, is not succeeded all at once by ;he golden hues of prosperity. In. dustriai depression must follow it for while. as depression must precede it. So depression continued until when As said. when the boil burst and the poison is eliminated from the body commercial. the flesh began to heal. It can not begin to heal one minute ear Tier. The process of recovery was add ed by many, for us, fortuitous circum- stances.
 The first of these was famine in In- dia-no Indian wheat to compete in the United States cmfw shrd cmfw cmfwa European market with ours. Simulta- neously with an immense American crop of wheat and small crops else where wheat rose from about AS cents 10 about 70 cents In a few weeks dur ing the Bryan-McKinley campaign. while Cleveland was yet president There is not a man within the sound of my voice that does not remember that. With 70-cent wheat farmers could pay the retailers debts due them and the retailers could buy more goods; the retailers With empty shelves or shelves becoming empty. by sales. could order from the job Der: the jobbers, who had been over stocked. were enabled to order from the factories. When the factories got orders then they had a reason for mak- ing goods, and they proceeded 10 make them. and then the wheels of in- huSlfl ntHN lOuuQ. Ht ldi III the wheat country. with 70-cent wheat. could pay the baker. the butcher and the candlestick-maker" and then they could pay others and they in turn could buy more goods. This endless chain of human relationship in the world of commerce is no mysterious thing to anybody except the platform making politician.
 But wheat going up had another ef- feet. When wheat went up during the campaign. while silver bullion went down. there was furnished a seeming inaoccuracy of the contention of Mir Bryan and his followers. of whom was one. but there was necessarily a connection in price between the two. Western and border state farmers in the wheat belt. who had originally been Republicans anyhow. and who had gone off from the Republican party because of their belief in this very the ory. began to leave the Bryan column and join the Mckinley column, first by the dozen, then by the score. then by the hundreds. and then in shoals.
 Thus it came about that Mir. McKin- ley was elected because wheat went up and because the going up of wheat and the consequent increased demand for other things. leading 10 higher prices and a better volume of trade, promised to their minds a prosperity without free silver.
 The Greatest Falsehood.
 greater falsehood was never utter. ed than that which went up-"becaus5 Mckinley was elected" Things had struck rock bottom and had begun to revive before MT. Mckinley was elect cd and the first infallible test of that fact was the rise in the price of wheat, followed by the rise of other agricul- tuTal products. Then came the i'm mense increase of gold that kept prices up here and elsewhere. Not only is the boast that MT. McKinley's election was responsible for high prices not true. but it is a very dangerous false. hood. The Populists first taught the people in certain sections ofthis coun- try that prosperity was chiefly depend ent on government. Some men preach the doctrine with the hope that during periods of prosperity the average man