New-York tribune., 1908-10-29

courts-the insidious attack the courts that
is being made by Mr. Samuel Gompers ana MS
partner Mr. William Jennings Bryan
Before the wage Garner finally makes up ms
mind as to the party which he should support
he ought in the interest of himself and his fam
lily TO consider the more general reasons why
the Democratic party and its policies should De
defeated in this election Ihis Is oecause CLi0
election of a Democrat and a Democratic Con
gress would mean business disaster 10 the couI.
try The introduction of the protective tarin
for revenue system in substitution OF the tarln
for protection would inevitably involve us In a
similar business disaster to that which we mad
the Republican ticket will insure a thorough,
genuine revision of the tariff on the protective
principle and will not destroy our industries
We have had panic tGoWea @ oy ian an IrsoGS raooE5
ering Mr. Bryan says that it is Republican
panic; that 1t occurred during Repuniican ao-
nInistra ton That is true, but II followed a
period of immense prosperity, and was brought
about by undue confidence in the business sltua-
ton which led to overinvestment and the en-
"a gne OF LIQUID capital in many enterprises that
proved not to be lucrative or profitable. The
LIQUID capital of the world was largely ABSORBED
by the losses of war and by this overinvestment-
RECOVERY DEPENDS ON ELECTION.
The revelations concerning corporate misman-
agement. corporate laWlessness IN TINS country
and infdelity of financial trust obligations on
the part of some prominent men, created lack
Of confidence, especially in Europe; the nquld
"a pital was absorbed and boarded, railroads
were unable to borrow money; finally the crash
came and depression has followed Whlcn mas
been felt in business and manufacturing circles
The panic is not general panic, but only one
dependent on its existence for the peculiar con-
ditions I have mentioned. 1t will not settle
down into a general panic unless the result OF
the next election destroys the confidence which
is gradually returning and with it the prosperity
of two years ago.
The election of Mr.. Bryan will destroy this
confidence and be a menace TO prosperity It
could not be otherwise in view Of his record, the
ins+abilitv of his economic views his persistent
recommendation of the policy of repudation in
volved in the free coinage Of silver Tor three
=; s. ing Thn GOV rnrY1-
roen+ ownership Of railroads as the only means
h1, which the railroads can be properly regu-
lated and controlled; his guarantee of bank de
posits which involves the social1st1c taxation or
a good banker to pay the debts OF poor, dis
bonest or negligent banker-all show SUCH nos
tr,rns and panaceas which VIII never work a
cura es 70 have made all conservative persons
in the country distrust MI Bryan and the accu-
racy and safety of his economic views. Hence
Tis election will destroy confidence and VIII con-
tinue the present depression. Every person IN
terested in a restoration of prosperity should
vote against him
CROWD WAITS FOR HUGHES
cove-nor Hughes did not appear until hour
after Judge Taft had finished, but the far
greater part of the audience remained. and the
So,,orror got q greeting as loud as the united
efforts Of those present could make II and as
long as they were permitted to continue it. The
f,o,Jornor had lust finished his Madison Square
c,ar6sn sneech but he did not look fatigued, nor
u,as his voice weak He didn't waste any words.
/
Giving an outline of the labor legislation at
Albany in his term, he said:
u,art the business of the state attended TO
better II possible than the business of private
CONCERN It should be transacted with patri-
otic and intense desire TO be OF service 10 the
people,
In the traction matters in this city he said he
wished to have done what was absolutely falF
He did not wish the past experiences of the peo-
pie with the railroads repeated. But. he could
not Insist, he said, upon an inconsistent action
and therefore it was necessary to find out all
the facts so that the action taken would be in
telligent.
AS TO personal liberty, he said, the very thing
he was criticised for required OF him by the
constitution OF the state, and he would have
been false to his oath of office If he had not OBJ
served II TO the letter.
Between the departure of Judge Taft and the
arrival OF Governor Hughes Samuel S. Koenig.
the candidate for Secretary Of State; James l..
Feeney. president of the Bookbinders' Union.
4 oyt,a zr.folrA