The Montgomery advertiser., 1904-10-08

VI the treasury just before they went out of of1ice in March, 1893. that they fully expected from day to day to issue bonds to supply the deficit.
 T was in Washington at that time, and remember very well that, while sitting in the oflce of a cabinet officer discussing a business question with him, he was called to the telephone, and came back with his face wreathed in smiles. and said I have just been Treasury. and he tells me that he is going to be able to squeeze through without Issuing any bonds
 Such was the condition of the Re- publican government in its closing days of March, 1893, and if President Cleve- called together his Congress, and had had an Investigating committee ap- pointed, and shown up the condition of the treasury, the odium of the situation would have been upon the Republicans and not upon the Democrats.
 C1eveland's stand Successful. This. for reasons which I have no doubt appeared to him good. he did not do, and yet the treasury was in such condition that bonds had to be issued, and our credit would have been ruined had 1t not been for the stand that President Cleveland took and as the result of this condition of the treas ury and the previous speculation and bad legislation, the inflated bubble burst in the summer of 1893, and we had years of want and famine and dull business which have always followed years of such wild speculation as there had been under the Republican rule.
 If you listen to the Republican orators today. you would think the good crops for the last few years. and the good prices which have obtained. were all due to their rule. Even the weather Is managed by them, and the earth given forth it's increase at their behest.
 Such inconceivable egotism and bombast was never known in the his tory of the world as Is represented to- day by the Republican Party from its head down to its lowest henchman.
 They tell you of the prosperity and growth of the country under their ad- mintstration. as though it was all due to them-when the fact is. if you go back and take the years when the Dem that the percentage of Improvement was greater. than that of the Republi- can years. the only difference being that the Democrats never had the ef- frontery to claim that they were re- sponsible and entitled to credit for the beneficence of Providence.
 silly Republican Claims.
 They claim that the growth of the the Dingley act--when. if they will read the history of the past, they will find that there never was greater pros perity than under the Walker tariff tinued for eleven years without change. and which tariff was practi- cally on the basis inaugurated by the fathers of this great country when they wit, That tariff should be laid for rev enue with protection as an incident In the last quarter of a century the Republicans have changed this rule NAa AA~~ Is. i. RAe public to suit themselves, and they levy tariff for protection with revenue as an incident.
 The growth of this country since 1t began to recover from the panic of 1893, caused. as have said. by unwise Republican legislation, has been steady. and would have undoubtedly continued for years, had 1t not been for the ex- act. which served to build up large trusts at the expense of the general public. and promoted the wild specu- lation which interfered with legitimate business. .iF { 7s>. t+t
 such an orgy of promotion and in- fiation as we had in 1901 and 1902 has not been seen since the days of John Law. Bankers, financfers, farmers, Joined in one wild rush to get rich quick.
 Tt ended like all debauches do--with a headache.
 ''The country is now gradually sober ing up.
 "Can it be that wise men and think ing men believe that .tariff Is well for the country which protects a certain in- dustry. the products of which all the people use. and protects it SO :h that one man is enabled to take 4t hun dreds of millions of dollars as profits? Do any of you think 1t wise to carry protection to this end?. Is 1t healthy for a country that the wealth should be so unevenly distributed? and yet Is 1t not true that many of these large ag- gregations of money. these great ac- cumulatfons of wealth, have been piled up solely and made possible by the tar iffs these large combinations 1t pro- tects?
 AS was truly said by a merchant of New York who had proflted by 1t, and knew whereof he spoke. The tariff is the mother of trusts.
 The year of 1902 was prolific in trusts and trade-unions. Had 1t not been for the trusts. had 1t not been for the tariff, you would undoubtedly of trade UT 'ons. but the working man saw the immense fortunes piled up. saw these aggregations of wealth, saw these industries protected, and he felt and that there was but one way to get 1t. and that was by combination of his own.
 And SO out of the excessive protec- tion, out of the imitation produced by It, out of the accumulation of these large fortunes, came the demand for something that would protect the work ing man. and his way of doing this was the organization of trade-unions, and like trusts they have gone to ex- tremes and made their troubles and done their injury to business.
 All is Not Prosperity.
 Our Republican leaders talk about the prosperous condition of the people Suppose we look at this a little am ionable to talk about disaster and to say that things are not prosperous, but we might reason somewhat together on the condition of affairs. and see if the recent policy has been good for the masses of the people. If so, we want to continue it. If 1t has not then we want to change 1t. .
 T notice they have got out some fg- ures by one of their henchmen who ticles. showing that the cost of living has increased but little.
 He does this by the doctrine of av- erages You can make out almost any thing by figures. If you have got good men to figure. It reminds me of the old story of the two men disputing, and one making a statement to the oth- CT and saying. Joshua, this is right, for the figures prove 1t and figures won't lie.' to which Joshua replied, No, John. figures won't lie. but liars will figure , If there ever was a case where the liar was figuring, 1t is in the statistics which are published as to the cost of living in Republican statements. For instance, they will select certain articles and then take the average of these articles