Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1904-07-22
History and Fiction.
HISTORY.

History and Fiction.
HISTORY.
During twenty four Of the forty
four years which have elapsed since
The election of Lincoln, the republic
can party has held complete control
Of the Government. For eighteen
years more Of the forty four it has
held partial control through the
possession of one or two branches of
the Government, while the democrat
ic party during the same period has
had complete control for only two
years. EXTRACT from the Democratic
platform of 1904.
FICTION.
IA democratic tariff has always
been followed by business reverses, a
republican Tariff by business prosperi-
ty. Extract from the Republican
platform of 1904.
Since 1861, the democrats have con-
trolled both houses of Congress but
two years with president in full
sympathy with republican policies.
Now 1t may be profitable to glance at
the panic and business depressiops
which have occurred during these
forty four years, forty two of which
have been under republican rule.
Il said In my haste, all men are
liars;" now, had the Psalmist who
said this in haste, been looking in
upon the men who drafted the Chicago
platform he might have said it in
great deliberation and without quali-
Tying words of, and to them. They
were not in ignorance about the facts,
but stated the falsehood to deceive
those who are too young in years to
know the truth, and whom the plat
form builders seek to misIead. That
they may not "believe a lie to be
damned" we will show thai every
panic that has occurred during the
past thirty years originated under
republican rule and under republican
legislation. "Black Friday" and the
famous gold panics occurred during
September 1889; Gen. Grant was presi.
dent, all civil authority having been
in republican hands since 1851.
In 1873 the country was convulsed
from center to circumference by q
panic which in September was marked
by the failure of Jay Cooke & Co.
Hayes was president at the time.
'The panic of 1893" commenced
under the admins tration of President
Harrison and developed fully under
republican legislation and before dem
ocratic legislation was enacted and in
operation.
Cleveland was inaugurated March 4,
1898. The Mckinley Bill was enacted
in 1890 and was not superseded by the
Wilson Bill till August 1894, after the
panic had spent its force.
November IL, 1900, one month after
the Mckinley Bill had become law,
financial distress was apparent in
New York. The New York Clearing
House and the Boston Clearing House
Association voted their certificates to
banks in need Of assistance. Barker
Bros, & Co, bankers in Philadelphia,
suspended with liabilities of s5,O0O,-
600.
November 10, 1890, receiver was
appointed for the North River bank
and run on the Citizens Saving bank
OF New York, occurred.
November %, 1890, the United Roll
ing Stock Company, OF Chicago,
assigned with liabilities of s6,S5O, 900.
November %, 1900, B. K. Jameson
& Co., Philadelphia bankers, failed;
liabilities q, 100000.
December %, 1890, the Oliver Iron
and Steel Mills, of Pittsburg, shut
down discharging 1000 employees.
The cotton firm Of Myer & Co., Of
New Orleans, on the same date, failed
with liabilities of 81, 100000.
The Scott-Dale Rolling Mills and
the Charlotte Furnace and Coke
Works in Pennsylvania closed January
3, 1901, throwing 10000 employees out
OF work.
The American National Bank of
Kansas City suspended January Is,
1891, with liabilities OF 81, $50, 900.
It will be remembered that the Nc
Kinley Bill became law October 6,
1900, and all Of these disastrous
failures occurred during the first three
months after it went into effect.
How is this for "business prosperity
following in the wake Of "a republican
tariff?n
The Spring Garden National Bank
closed Its doors and the Pennsylvania
Safe Deposit and Trust Company, of
Philadelphia, made an assignment
May 8, 1891.
The Homestead strike in 1892 the
most disastrous In the history of the
country, occurred under the Mckinley
law and with every department. of
the government under republican con-
troll.
The failures, the strikes and the
1ockouts under the Dingley law ne
lnxlt asfef Tor : futufS aftiels.
r.