Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1910-09-15
NEED FOR REPUBLICAN VICTORY

NEED FOR REPUBLICAN VICTORY
In the light of the developments OF
the past few days Il query which the
president propounded in his letter to
Chairman Mckinley Of the congress.
sional committee, takes on new in
terest, says the St. Louis Globe-Demo-
crat. He asked whether it will be
better for the country to have the
republican party control egislation
for the next two years, or to enable a
democratic majority in the house
either to interpose a vote on repub-
lican measures, or to formulate and
pass bills to carry out democratic
principles?" The falling off in the
normal republican majority in Yer.
mont in the election on Tuesday and
the insurgent triumphs in Wisconsin,
Michigan, New Hampshire and Cali
fornia on the same day, sound a
warning to republicans all over the
country, and give an especial timeli-
ness to Mr.. Taft's words. And the
necessity for giving immediate atten-
ton to his counsel is emphasized by
the torpor on the New York stock
exchange and the evidences OF fear
as to the business outlook which are
appearing in many of the great &C.
tivities.
THE insurgent movement seems to
be getting stronger, and with it the
probability of democratic success"
This is sentence from an editorial
in the London Economist, which has
That astute financial journal, whose
business it is to take a survey over
the business field throughout the
world, thus explains the depression on
our stock exchange, and points out
one OF the reasons why European in
vestors are unloading their holdings
of American securities Neither the
Economist nor the European owners
of American stocks have any preju
dice for or against either of the Am
erican political parties. They know,
however, just as our people know,
that democratic sway in the United
Ctofo &c al, 1xyifh hV,ci
ness adversely A democratic victory
in November would bring crash on
the New York stock exchange just as
surely as the sun would rise on
Wednesday, November 9. This was
true of the past, and it would be true
in the present case. And the fear
that a democratic victory will come
is not only keeping prices on our ex-
change at low figures, but it is push.
ing them down on the London bourse.
Until the political atmosphere clears
it will be vain to look for any mate
rial advance over present figures. Ev-
cry insurgent demonstration and ev-
erything which looks like a republi-
can setback, present or prospective,
unsettles the public confidence and
checks enterprise. Business men will
not make contracts ahead until the
outlook becomes little brighter than
it is now. They will wait until they
see what sort of a story November
9 will tell.
1t may be asked, How is it that
democrats will vote the democratic
ticket when democratic victory would
be sure to bring disaster? In gen.
eral way, it may be said that only
the thoughtless, the ignorant or the
reckless will vote the democratic
ticket. Most OF those who are shout
ing now for the democratic candi'
dates either forget the disaster which
democratic victory brought in 1892,
or they are willing to take chances on
whatever change in business a demo-
cratic triumph in 1910 would cause.
Millions of voters took the same sort
of a chance eighteen years ago, and
while most of them had cause to re-
xret their act shortly afterward, many
az them have forgotten that lesson In
the interval, and others are willing to
take the risk of causing another con-