The evening herald. (Klamath Falls, Or.) 1906-1942, 1908-09-23
WAITING TO KNOW.

investors throughout the country con-
cede there is some danger OF the ell
ection OF Bryan. II IL just as IL was
In 1896. Everything waits. The
principle OF caution and conservation
rules the hour. Nobody knows what
Bryan administration might do. or
attempt Possibly this may be- the
editorial on the morning after the
election, to wit: 1t Is a good time
for use OF caution and prudence. No
body can tell what is to happen. Nv.
crybody will wait"
policy Of any party is SO dreadful that
people will halt their undertakings
and investments. and wait to see"
Yet notoriously this Is the condition
all over the United States, at this
time. II Is reflected in the halt of in
dustrial undertakings and invest
ments OF all kinds: In doubt OF what
is going to happen: in uncertainty
rs TO whether people who put In their
money to promote new ventures or
to sustain old ones, will be able to
obtain any return upon II. II is re-
fected In the stock markets In all the
principal centers and great cities. II
is likely before the close OF the cam
paign To be as striking as II was In
1896.
People fear, as they did In 1896.
that business can't be done on Bry-
ans principles. Then he stood for
free coinage OF silver. with conse-
quent debasement OF the money OF
the country. lie Is now silent on this
for the sake of votes--but he has
not renounced II. He has declared
for the extreme socialist doctrine OF
government ownership Of the rail- |
roads. yet II silent on II now-for the
sake OF votes-but he hasn't renounc-
cd II. Owners Of railroad stocks |
throughout the couniry-and there
are thousands OF them-are not en-
thusiastic about II. Those to whom |
stocks and bonds are offered for new ,
railroads--in Oregon and elsewhere .
naturally hold on. They desire to .
invest. but are unwilling to put their
money In jeopardy. Whether the |
money for railroad extensions and
other great investments In Oregon 10
to be Forthcoming. or held up to await
results, will depend very much. II not
altogether. on the result Of the vot-
Ing on the first Tuesday OF November.
We shall know pretty soon. II il but
six weeks on
The party that thus threatens the
country has stood for more than fifty
years athwart the path OF progress
II Is still. AZ II has no long been. OPP
posed alike 10 the established order,
and to the growing spirit OF rational
and conservative progression. Its pol
Icy would interrupt natural move
ment OF reforms. by which the past is
secured. the present cared for. and
the future guarded. on the one hand
by resistance TO extreme and radical
measures. and on the other by judic-
iOus correction Of known excesses and
evils. The course pursued by Presi-
dent Roosevelt is the right one. No
man has been 50 great promoter Of
necessary reforms. Note what he
says. In his letter commencing the .
nomination OF Taft to the electors Of
the country: 1T II necessary that
this great reform movement should
go on. But no reform movement IL
healthy II II goes on by spasms: II II
Is marked by periods Of frenzied ad-
vance. followed. az such periods OF
frenzied advance always must be fol-
lowed, by equally violent periods Of
reaction. The revolutionary and the
reactiOnary really play into one an
others hands to the extent that each
by his excuses necessarily tends to
arouse such disgust. such q feeling OF
revolt. In the minds OF quiet people
as temporarily to restore the other to
power" Further: I'VE must not
permit our public affairs to fall alter
nately into the hands OF revolution.
aries and reactionarIes. OF the ex-
IRENE radicals OF unrest and OF the
bigoted conservatives who recognize
no wrongs to remedy"
Taft's candidacy stands for the ra.
ional. moderate and sensible middle
course thus recommended. Bryan's
or the radical and dangerous ex-
RENE. There will be tremendous
PRESSURE before the business IL over,
md the stringency will Increase
tsadily from this time till the day
Il election; for Bryan, as heretofore,