The Caucasian. (Clinton, N.C.) 188?-1913, 1910-09-08

Eloquent Speaker in Address Before the Wake County Repu
Convention Shows Advantages of Republican Rule
Over Democratic Mismanaeement
Washington. Dec. & 1897

ed plenty In all productions Of axrt-
culture and in all the elements of
national wealth. We find our manu-
factures suspended. our public work
retarded. our private enterprises of
different kinds abandoned and thou
sands OF useful laborers thrown out
OF employment and reduced TO want ''
Mr.. Cleveland was elected In 1882
and carried with him a Democratic
House and a Democratic Senate and
the disaster and ruin that followed
this announcement was such that
Mr.. Cleveland was compelled TO call
an extra session to try and avert
that storm, the condition of which
he describes in his first message of
August s. 1893, to the Congress of
the United States. which In part is as
follows:
The existence OF an alarming and
extraordinary business situation. in
voIving the welfare and prosperity of
all our people has constrained me 10
call together in extra session the
peoples representative in Congress.
Numerous moneyed institu-
tions have suspended because abund-
ant assets were not Immediately
available to meet the demands of
frightened depositors Surviving cor
porations and individuals are con-
tent TO keep in hand the money they
are usually anxious to loan, and
those engaged in legitimate business
are surprised to find that the securi-
ties they offer are no longer accept
ed. Values supposed to be fixed are
fast becoming conjectural, and loss
and failure have invaded every
branch of business
In subsequent message Mr..
| Cleveland tells the same story as Mr..
Buchanan of the sale of bonds in
time of peace to protect the credit OF
the Government until 1852, 100000
in bonds had been sold and that
much added to the National debt.
Results follow fast: The country
prosperous and happy under protec-
ton; bankrupt and penniless with
| the wage earners beggars under
free trade
Let us for moment examine the
results of our national policy upon
our State. 1t may be startling
statement but it is nevertheless true
that the taxable property of our
State sank more than $12,OOO,O0O
from 1898 to 1897. The Auditors
report for 1892, covering the tax re-
turns for that year shows the aggre-
gate value of real and personal
property to be s242,449,S91 The
report of 1897, covering the tax re-
turns for 1896, show the aggregate
taxable value Of the same property
to be $229,S54,449, decrease OF
over 100000 dollars. From
1897 to 1908, the taxable value OF
property in North Carolina, as
shown by the Auditors report for
1908 increased from $229,S54,499
to 1913, 4S5,331, or over two and a
| half times.
The cotton mill industries of the
State show, also, remarkable con-
dition in the advance of wages and
the number of employees. quote
from 263 of the same report: In
| 1899 We had in North Carolina 215
cotton mills with a capital of $780,.
100000, employing 38,764 laborers;
the highest price paid being s1.1G
and the lowest &C. in 1908 we had
352 cotton mills with a capital Of
s49,192,30O employing 59,414 labor
ers, the highest paid was $3.50 pei
day and the 1owests 70 cents. Here
we find that in thexIast ten years the
wages of the best men have beer
more than doubled in the cottor
mills. The farmer for the first time
in the history of the State has come
into his own. He is receiveing re
Enumeration for his toll. Heretofor,
he had been feeding on ordinar,
Democratic policies, being referred t,
as the hayseeder and horny-handet
, son of toll. Under this Republican
administration and the day of pros
perity he is getting to be the maste
or the financial situation. The want
| AANSSRoAtASo
for he"now realizes He is able t
} send his children to the best schools
: builds good houses, improves hi
land-this all under Republican ad
t ministration.
Our Democratic friends charg
tina good prices of the farm product
are the results Of the tariff legisls
ton of 1909-the Payne bill. Will
: concede and even claim credit fe
I this law being responsible in som
e respects for this prosperous cond
: ton of the farmer yet when we e,
= anime the law itself we find that th
g tariff upon nearly every product {
food necessary for life was by tn
a same law reduced or at least was NJ
g increased; but the cause of this II
creased cost of farm product is oy
ing to the fact that large class +.
IS those citizens have been drawn an
enticed from their farms and ha,