The news & observer., 1905-11-05

crat; and 8. Martin Koszta was not
yet an American citizen
8. AS was to be expected, Mr..
Cleveland comes in for his share of
the misrepresentation. During his
whole second term, the writer charges
that 'the idle in some communities
outnumbered the employed This
may be true, but what were the
causes? In 1890, while all depart
trolled by the Republican party, the
snoted Sherman law was passed. In
Ia short time a scare was gotten up
"a, over the North; business men,
manufacturers, bankers, ETC., claim
ed to see confusion ahead and a panic
followed. Even as late as March 81,
1904, the New York Press. a Republi-
can paper, said that never before in
the United States has been witnessed
such general and terrible distress as
that of the winter juss past" This,
be it remembered, was while the act
which checked imports" was show
ering its blessings on the country, and
several months before the passage of
| the tariff act which Mr.. Cleveland
refused to approve, and which Repub-
| lican orators and editors have for
eleven years falsely denounced as the
cause of the panic of the preceding
year. The only thing which Mr..
Cleveland and his party did, before
the summer of 1894, which could af-
feet the business interests of the
country. was the repeal of the Sher-
man law, and this was done in COM
pliance with widespread demand
from bankers, Chambers Of Com
merce, Boards Of Trade, etc, in North
ern cities. What responsibility, then,
could be justly charged to Mr.. Cleve-
land and his party is beyond the imag-
ination of even a most INSCRIPTIONS
political opponent 1t would be equally
honorable to blame him for that most
devastating Republican panic of
1873, which led the next year to the
defeat of that party in the Congress
sional elections and two years after
wards in the Presidential election.
a. He credits Republican policies"
with "the South's progress and the de-
velopment of her material wealth, !"
though he does not explain why it
took nearly forty years for these pol
icies" to begin TO shower their bles-
sings Southward; and he dwells with
much satisfaction on Republican
seasons of plenty" and Democratic
seasons of want But, as the Demo-
Gratis have been in power only two of
the last forty years, it is to be re-
gretted that he did not particularize
the Democratic seasons" and deduct
from the Republican seasons the
panic of 1873 with its five years of
consequent distress (of which tramps,
never heard of before, have contin-
ually reminded us,) the 15-cent corn
years of the Kansas farmers, the
Sherman LES panic of 1898, the
four and aalf cent cotton years Of
Southern faimers and the strike
years of Northern industrial centers.
AS to the growth of manufacturing
! Enterprises in the South, the reader
can give due credit to the policies"
of the Republicans when he reflects
on the statement of prominent man
ufacturer a short time ago that an
| English cotton factory costs only
about two-thirds as much as North
Carolina factory, due thanks being
rendered to the Republican party for
"checking imports" of machinery,
and on the other fact that these fac
tories are selling a large portion of
their products in the free trade mark
cts of the world in competition with
British manufacturers who are bless
ed with cheaper factories and "pauper
labor This was true even in 1898,
while the Sherman law panic was
reaching it's worst stage in the North
ern States. China especially being
mentioned at the time as furnishing
a market.
And. as to the farmers share of the
blessings of Republican rule, let the
reader turn to the first column of
the page on which occurs this invi-
tation to young men," There he will
fiud an article headed: Harvest
Will Be Bountiful; All Danger of In
furious Frosts Are RPast, and Crops
Will Be Universally Large: Continued
Prosperity of the Nation is Assured; !;
Farms of Country Promise New I'm
petus to Industrial Activities and the
General Commercial Situation" Read
this over twice; note that it recognizes
the farms as the basis of manufacture
ing and commercial prosperity; and
then ask what Republican policies
had to do with the weather. And,
if that party so managed the weather
as to give the country bountiful crops
during the twelve months how can we
pardon it for inferior crops, during
nearly all of the thirty-eight years
of its benefice ntrule?
This relation of farms to industrial
activities and the general commercial
situation has existed ever since the
government was established; and it
is as true today as it ever was that
the South, as the Washington Post
said the other day to a newspaper
which is endeavoring to welcome"
young Kentuckians into the Repubi-
can party, "is doing just what she
has been doing for more than a hun
dred years-regulating the balance
of trade favorably to this country by
producing the raw material that is
sold in the free trade markets of
the world in competition with the
worse than slave labor in Egypt and
India" AS to the phenominally high
prices now prevailing, we may remind
the young men" that, accCIding to
Adam Smiths Wealth of Nations, :"
prices in many parts of Europe were
trebled and even quadrupled after the
Spaniards carried home the vast
amount. of the precius metals they had
seized in Mexico and Peru; and let
them Judge for themselves whether
prices in this country have been af
fected by the millions of dollars Of
gold annually coming from the Alas
-ka mines. And if. deeming Smiths
testimony irrelevant or worthless, they
deny any relation between prices and
the supply of gold. they may be chal-
AZ ovnIo IL, yybV some of the IN