The citizen. (Frederick City, Md.) 1895-1923, 1910-11-25
The Business Side of Politics.

The head Of the Wooden Trust, quotes
the Philadelphia Record. editOrialIy IS
out With an announcement that he does
not think the Democratic victories Of last
week will seriously injure his line OF busi-
ness
From Pittsburg comes the announce
nent that the Steel Trust, and the steel
business generally. shows no signs Of dis
tr.ss or panic as the result Of the Demo
cratic victories. As for the stock market.
TIE COMMERCIAL and Financial CET0H.-
cle recorded al various dates prior 70 the
election the stimulating influence upon
trade in securities exerted BY the pros
poets Of Democratic successes. Since
then, profit taking has resulted in de-
clines.
"Ah," ezy the Republican sages. of
course business IS not much disturbed By
the election Of some Democratic Govern
ors and Democratic House 50 long as
the Senate and the President are Repub-
lican." We'll, Mr.. Republican Sage, YOU
knew the President and in all probability
the Senate would not be changed BY the
result Of the elections. Why. then, did
you appeal 10 the voters to stand By the
g. o. P. in order 70 save the tariff and
the business Of the country You knew
perfectly well that II the House became
Democratic It could not Change the tariff
law without the co operation OF the Senate
and the President, and yet YOU tried 10
scare people into voting the Republican
ticket BY telling them that to vote the
Democratic ticket would be TO attack the
prosperity Of the country, and especially
70 unsettle the tariff
The Mckinley tariff WAS passed late in
1870. and the whole OF 1901 was bad for
business, especially in financial affairs
and in wool and WOOlens. In the fall
there was d panic IN Boston. and little
short Of one in New York. All that
saved the country from general disaster
in 1891 was the abundant crops here and
an almost total failure Of crops in Europe
The Payne AldHch tariff was passed
near the middle OF 1909 During the
tariff discussions the country was rapidly
recuperating from the panic Of October,
1907. which occurred while the Republi-
cans were IN possession OF every part OF
the Government, no Presidential election
was at hand and the Dingley tariff was in
force. The business boom. which was in
evidence while the tariff discussion was
EC4AsE fCtA o4tB GU MAJ Ht4 SiSllo d ECLEQ-
ing few months after the new tariff was
enacted. All Of this wear, the year follow.
ing the enactment Of what has been de-
scribed as the best tariff law ever enacted.
financial operations have been sluggish.
there has been decided check TO build.
ing operations, and the iron and steel
trade has been dull and inactive. with de-
clining prices and little curtailmenI OF
production. There has been extensive
cnrtailment Of production in the cotton
mills and some curtailment in the wooden
and six mills. Leaving out New York
and It's stock market, bank clearings
showed business very little larger and
often smaller than last wear. and the in.
crease Of railroad gross earnings over
the previous years has been very small
for the last six months.
Surprising these things had occurred
after the enactment Of a Democratic
tariff. or after the election OF a Demo.
cratic President and Congress; is there a
Republican paper in the country that
would not have told Its readers that
Democratic victories, and especially
Democratic tariffs, we're fatal to pros.
perity'