The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1912-10-31

and the panic reached its worse stage
in 1S93 and early in 1894, during
which time the Mckinley law was In
full force
Millions Lose Their Jobs-
1t may be recalled, too, that the
panic of 1873 under Republican ruls
and in a period of twelve years of high
tariff taxation, was most disastrous.
1t continued FIVE years, 100000 work.
ingmen were thrown out of employ
ment and bankruptcy ran riot.
In 1890 the Mckinley high tariff bill
was passed, and there we're 1858
failures. followed by 12,394 in 1891.
The tariff was raised to nearly so per
cent, but wages stood still or de-
clined while the cost OF necessaries
advanced.
The most serious labor troubles In
the history of the United States have
occurred under Republican high tariffs.
Some Lessons From 1907.
The Republican panic of 1907 fur
nished another forceful refutation OF
the Republican claim that Democratic
administration and hard times, lower
tariffs and panics have been cock
listing
In 1907, in the midst Of prosperity,
thousands of leading banks, with hun
dreds of millions on deposit, suspend
ed cash payments. The trouble began
as result Of struggle between
great New York financial institutions
for business. n
The New York post in October. 1907
said: .,<.e.-
Condemn Themselves. ~.
1.-THE certain and significant thing Is
that 1t will be known as Republican
and high tariff panic. Protest as Re-
publicans may, they will be held re-
sponsible. Out of their own mouths
the Republican party and the Dingley-
ties will stand condemned. They hxed
in 1896 the standard by which they
cannot escape being judged In the
party platform OF that year they re-
fered to the panic OF 1898, and the
hard times following, squarely to
charge up the entire accountability to
the party in control OF the national
lgovernment, and the political infer!
ence was stated with merciless logic;
EVERY consideration of public
safety and individual interest de-
mands that the government be res
cued fsom the hands of those who
have shown themselves incapable of
conducting it.
Now, what are the Republicans go
ing to do when the Democrats hand
them back their poisoned chalice9
. A great emergency has come
and the high tariff is seen to be of no
avail whatever. It was to keep US all
right and prosperous. II
Because the country has jItst got
over the results ofaa Republican panic
the president and his friends are urg4
ing us to perpetaate the Republican
administrations says the Philadelphia
Record. @
EuSlnSSa$GCHfCecfOu E.a-,Es.ffS.et
n "As soon as business was checked
Eve years ago the steel corporation.
which was encouraged by Mr.. Roose-
vent to swallow the Tennessee con.
Germ, then its most formidable poten'
tial competitor, drew its fires and
threw about half its workmen out OF
employment. other industries did
much the same thing. There
was an extensive stoppsge Of mills
In philadelphia.
THE Republican candidate for con-
gress in the Kensfn ngton-Richmond
district is using the soup houses Of
1893 as a means Of soaring the wage
earners from voting the Democratic
ticket. Those soup houses existed un-
der the Mckinley tariff. But there
have been more recent ones. After
1907 there were soup houses IN tbs
Kensington- Richmond district, and ev.
erybody who was charitably disposed
was begged for contributions TO feed
the people who were out Of employ
msnt"