Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1904-09-07

Alton Il. Par,cr in his speech accept
Jug the Democratic nomination for Pres
i1Ient frankly alludes to THAT SENSE
OF UNCERTAINTY AND META
BILITY." that followed past exploits
OF tic Democratic party in the tariff
iinkering line, Nevertheless he fully Ell
edorses the admirable platform Of tn"
Democratic party with its program o,
attack ou Tie tariff, but cautiously, how
ever. be takes good care to dispel all
fears that the program can be success
ful by an oUncing that:
IT IS 4 FACT AND SHOULD BE
FRANKLY CONCEDED THAT
THOUGH OUR PARTY BE sue
-CESSFUT IN THE COMING CON
TEST WE CANNOT HOPE TO Sc
IITRE A MAJORITY IN THE SEN
ATE DURING THE NEXT -FOUR
YEARS. HENCE WE SHALL BE
-TNARIE TO SECURE ANY MIDI
EICATION IN THE TARIFF SAVE
THAT TO WHICH THE REBUILD
CAN MAJORITY IN THE SENATE
MAY CONSENT
8lr Parker is evidently well enough
posted on tue way business had been
disastrou>y affected by previous at
icmpts to remodel the tariff on Demo
cratic lines, OF else he would not
in his acceptance speech, while Civ
lug it as his belief that there could be
"a wise aud beueGeent revision Of the
tariff" have further said, without Great
ing that sense of uncertainty and in
stahiIit, fuat has ON other occasions man
Tested 'Self.
There has. indeed, been Il curious IA
tality In the coincidence of tariff reyiS-
iou, IN this country. with trade reaction.
The Tariff Acts OF 1872, of 1883 and of
1891. in every ease accompanied or
shortly preceded q period of serious COM
tnpI7.ial distress. IL cannot well be
questioned that the Democratic practice
af ripping mp by wholesale c0mpll-
Gated import tariff is pretty sure TO de-
rsH.r IT least one seasons plans in the
industries affected and it is az, 70 throw
-ou. of employment thousands of people
also TO make bad INSTRUMENTATION as to
future public revenue.
Following he new tariff law in March,
1852. public revenue decreased S50O0o,-
600 in tht twelve months ending with
June, 1854. AMI something Ike S23noo.-
600 in the fiscal year 1SS.l; and ia lSSl
the SHANGHAI situation re1rhed IA crisis.
The finaucial uueasiue~s Of tbat year
caused 1894 TO be considered panic
.year,
The Panic of 1898.
IN 1913 a calamtous panic beginning
ia thc spring months was >yuchrVu0us
with that sense Of uncertainty and in
stability which had followed the elee
fion of bath a President and II Congress
pledged 10 free trade The passage Of
the Wilson hin the following year AK
grayated the industrial disasters. This
Till not only did direct DAMAGE 10 man
.uGacturiug industry everywhere through
oat fle country, but it had disastrous eff
fccts GA the nations credit, because it
caused the revenues To drop heavily be
bow the expenditures aud thus forced the
government TO draw for its routine eN
g,euse< en- the treasury gold reserve.
Whicb was needed to preserve the gold
Fl5uddrl or value The revenue from
5Af, b. fell short pf thc estimates ~
-{l5 Democratic Trainers by un less sum
than Ss7 0U0WH, ami this. including IFS
agza import tjS. which many of the
Dem, rtfic leaders. Including Prc~idcR-
cleveland himself had been bitterly q.
ppsel a5 The bill produced deficit af
So >ft.i 80 l the fiscal year lSg5 anal
So, 2fEf-4J in 1896.
t'aHc years az gloomy bnsiae.e lepros-
sliu throughout the country was the
psrr paid foc jhis bua4ha@ attempt ut
"iI reforn" 10y the Democratic party
II v nHk-l b9 intense salfDrju- on
Size past at }ar4e section OF tta Amor
UrH