The Twin Falls times. [volume] (Twin Falls, Idaho) 1905-1916, 1908-10-22

Il What would happen to the tariff II {
Democratic house OF Representatives
should be elected God only knows
daughter and applause on the Re
publican side.) Past experience Of
Democratic legislation on the sub.
1ect OF tariff does not afford us much
hope.
And there may be danger. My friend
from Missouri (Mr Clark the other
day marched CALAMITY up to the per-
Torrance of his biennial task, and
elected Democratic house OF repre-
sentatives. daughter on the Repub-
lican side) He always does 1t at this
season OF the year. The time may vary
q little, few days, or few weeks; II
may be amid the chill blasts of winter
or amid the flowers that bloom in the
spring, but it is always before the first
Tuesday after the first Monday of No
vember The gentleman is persistent
as we'll as prophetic. He Is not red
headed, but he Is hopeful, and has new
er forgotten his boyhOod lesson, "If at
first you don't succeed, try, try again. .
daughter on the Republican side.)
II any such calamity as the election
OF q Democrats house of representa-
tives should be visited upon our peo-
pie, l sincerely hope my friend from
Missouri will be its speaker. pro
lOnged applause.) l should enjoy be-
yond all things to see the smile spread
over his Roman countenance while his
colleague from Missouri (Mr. Shack
lefOrO denounces him as an autocrat
1 (prolonged laughter on the Republi-
can side) and emblams In the Record
from day to day what he does not
4 know about the rules OF the house.
Now, we have had panic, and gen.
tlemen on the other side OF the house
seem to enjoy and to gloat over 1t. My
friend from Missouri and the gentle
man from Tennessee (Mr Garrett)
yesterday tainted us on account of 1t
saying that 1t was a Republican pan
ic. Well, 1t was not Republican pan
J ic nor party panic of any kind. II
you gentlemen expect to satisfy the
J country that this is Republican pan.
ic, the burden Is on you to show the
connection of that panic with some Re.
publican act, either upon the part Of
the executive or upon the part OF con
gress. You can not do either. Firsi
and foremost 1t will be necessary tina,
you demonstrate that it is United
States panic. Now, l assert that it IL
not United States panic, but panic
that prevails the world over, and | an
going to repeat the reading today Of
what my colleague from Pennsylvania
, (Mr Burke) put into the Record yes
: terday:
London Warehouses; Full-Many In
: firm Paupers Boarding ut Sanitar-
iums Mt the Seaside.
London, January 20, 1908.
Inquiries throughout Great Britain
show that lack of employment is res
pOnsible for acute distress in many
towns, the trades most affected being
building, engineering, and shipbuild
+. ing.
J Owing apparently to the slacknes
: of trade, the forty warehouses; o
! Greater London are filled to overflow
\ ing. The latest returns show that il
these warehouses; there are S01S
boarders, and that 45,821 people ar
receiving outdoor relief. This gives
ratio of 26.5 paupers to the thousan,
: OF the population.
: 1T Is impossible to grant all tn
t applications for admittance to thes
3 institutions"
r So that the panic which we had an
l from which we are yet suffering some
: what Is not United States panic ex
t clusively, but panic that is world
: wide in its effects. So far as the Unit
J. ed States is concerned, l take it tina
1t is prosperity panic. l will rea
t you what the comptroller of the cur
: rency says:
Q Certainly since as long ago as tn
J, date of the San Francisco catastroph
9 there has been no lack OF warning in
Q dications of financial troubles an
: possible business disaster. For a
9 least ten or twelve years there ha
4 been an era Of advancing prices an
: great Industrial, commercial, and spe
: culative activity in all the countries Il
: the world. Credits have increased an
c multiplied until the limit has bee
/ reached in the amount of the reserv
e money on which they must be based.
a For at least two or three years
g however, 1t has been becoming NOR
f and more evident that there must 500
be slackening of pace If we wer
q to avoid general and universal Girls
q is in financial and commercial affairs
b These conditions have been world
q wide, and not by any means conf1ne
y to the United States. Crises of NOR
g or less severity have arisen in severa
' important countries.
r Now, that being the condition Q
r things, all at once the country wa
8 made aware Of great evils in bushes
: management. We had the insuranc
Y scandals, we had the railroad deals, W
' had lights turned on the methods Q
e high finance, we had the light turne
q on the speculations by the copper syn
dictate and other SyndicateS and tn
q immense amounts Of water in capita
4 stock, and the very moment that thes
0 things came into the public view tn
breath Of suspicion came manifest an
the crisis came.
: You say that 1t is Republican pan
ic because we said that the panic c
a 1893 was Democratic panic, but Their
is no analogy between the preser
: panic and the panic of 1893 That par
t ic came in with Democratic admir-
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