The San Francisco call., 1906-09-23

to bestow upon them the promised
blessings.
But when merning came they found
the sky was dark and overcast. There
existed a feeling throughout the coun-
try. that a great mistake had been
made. This feeling caused alarm and
unrest everywhere, and with this un-
rest came a panic; confidence in busi-
ness was shattered banks at once COM
meneed to fail, factories closed their
doors and the busy hum of machinery
was lost within their gloomy and de-
serted walls.
MATTERS MADE WORSE.
Thousands of men were thrown out
found marching all over the land and
the cry for bread was heard on every
hand. To remedy this great industrial
disaster Congress was assembled in
extra session and the work at once
commenced which was promised by our
Democratic friends would restore pros
perity to the land The Wilson Cor
man bill was passed and the people
were given q good genuine Democratic
tariff law for revenue only.
But this made matters worse. Banks
still continued to fail, merchants were
forced out of business. the farmers re-
ceived small prices for their products.
mortgages all over the land were fore
closed, real estate values all over the
nation went down with a crash and
nearly one third of the railroads were
in the hands of receivers The whole
nation was in a state of bankruptcy.
Money left the country. and the per
capita in circulation fal from s24.56
in 1892 to s21.41 in 1895: exports fell
from sI015. .Oo0, 900 In 1892 TO $S63. 3.000,-
900 in 1896, and agricultural products
fell from s79S 1000. 900 in 1892 to $780,
100000 in 1896. a loss of 1928 100000 in
one year to our farmers alone--more
than enough to build the Panama
| Canal.
No one can estimate the loss suf-
tefed Ter yas 6y reason as Of the IN
erty. but 1T ran into the billions. For
four years the people stood this great
strain. and while they were not work
Ing they were busy thinking Another
election came. William Mckinley. the
author of the robber tariff, was nonai-
mated by the Republican party as Its
standard bearer. Our party. calm yet
the. ruin in business throughout our
nation Democratic policies had
wrought.
REPUBLICANS TO THE RESCUE.
1t saw the. great industries which
active; it saw the farmers of the land
poor and depressed; 1t saw the rner-
| chants and other business men de-
wage-earners OF. the land. for whom it
ployment and tramping the country.
The Republican party in the inener.
i dGlC Campaign OF 1870, ldCfIiS all lniH
ruin and bankruptcy, made two pledges
! 10 the American people. First. 1T said
restore us again to power. and we Will
pass tariff law which will once more
bring prosperity to us; second. we VIII
give you an honest dollar with which
TO do your business, one worth lot
cents the world over.
The people of the United States lis
tened to our party this time, elected .
republican President and Repub-
lican Congress, and 1t started at once
to carry out it's pledges. President
Mckinley shortly after his election
called an extra session of Congress
Mr.. Dingley of Maine was made chair
man of the ways and means commfttes
OF the House, and he and the Repub-
lican members of that committee coma
menced the preparation of another tar
IN law along the lines of projections
i After many weeks of hard labor the
: committee reported to the House the
present tariff BILL which us known al
the Dingley BILL When this Dill came
up for passage before the House: Mr
Bailey then leader of the Democracy
now United States Senator from
Texas made speech against the bill
In which he said in part:
DINGLEY's PROPHETIC REPLY.
You must put your principles to q
practical test If you are right your
i task is an easy one; If you are wrong
1t is an impossible one. AS for my
part was never more confident OF
any event in the future than am thai
your bill will disappoint it's promoters
and the Deopf6. You promised to make