The Bridgeport evening farmer., 1912-11-01
LIGHT ONANClENT
 PANIC ARGUMEHT
History DemoIIshes Republican Claim That Democrats Make
 Hard .ilaes.
1893 WAS UNDER HIGH TARIFF
Every Panic Since the Civil War Has Been a Republican Panie-Esssons From 1907 Upheaval.

Been a Republican Panie-Esssens
 From 1907 Upheaval.
 The enemies of Democracy are max ing their anticipated and regularly re- curing howl-they are predicting hard times if Woodrow Wilson is elected president on a Democratic tariff revt- sion platform.
 The Republicans are claiming all credit for present prosperity.
 A glance backward will be worth while at this time.
 Every panic since the civil war orig mated and developed under Republic an rule.
 The Republican campaign textbook of 1904 devoted much space to the many business disasters occurring from July, 1898. to November, 1894. intend ing the public to attribute them to the inauguration of President Cleveland in March, 1893. But the Republicans tail to refer to the fact that the Republic an tariff law was in force during more than twelve of the sixteen months of greatest business disasters. This fact must be remem bered-the Mckinley tariff bill became 8 law Oct. 6, 1890, and the first indications of the 1893 panic were seen Nov. il. 1890. scarcely more than thirty days after the Mc- KinIey law was passed. and the panic reached it's worse stage in 1895 and early in 1894. during which time the Mckinley law was in full force
 Millions Lost Their Jobs
 It may be recalled. too. that the panic of 1873 under Republican rule and in a period of twelve years of high tariff taxation, was most disastrous It 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 were 1O,673 fail ures, followed by 12,394 in 1891. The tarin was raised to nearly 50 per cent, but wages stood still or declined 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 isting.
 In 1907, in the midst of prosperity. thousands of leading banks, with hun dreds of millions on deposit, suspended cash payments. The trouble began as a result of a struggle between great New York finsnc1al institutions for bus mess.
 The New York Post in October, 1907, said:
 Condemn Themselves.
 ''The certain and significant thing is that it will be known as Republican and high tariff panic. Protest as Re sponsible. Out of their own mouths the Republican party and the Dingley- 1tes will stand condemned They fixed in 1896 the standard by which they cannot escape being judged. In the party platform of that year they refer red to the panic of 1893. and the hard times following, squarely to charge up the entire accounta bility to the party and the political inference was stated with merciless logic:
 Every consideration of public safe
 
 the government be rescued from the hands of those who have shown them selves incapable of conducting it.
 Nov, what are the Republicans go ing to do when the Democrats hand them back their poisoned chaIicei ~ A great emergency has come and the high tariff is seen to be Of no avail whatever. It was to keep us all rich and prosperous.''
 Because the country has just got over the results of a Republican panic the president and his friends are urging us to perpetuate the Republican admin. istration,'' says the Philadelphia Rec ord
 Business Depression.
 "As soon as business was checked five years ago the steel corporation. which was encouraged by MT. Roose- welt to swallow the Tennessee con- cern, then it's most formidable poten- tial competitor. drew it's fires and threw about half its workmen out of employment. Other industries did much the same thing There was an extensive stoppage of mills in Phila- delphia
 The Republican candidate for con kress in the Kensington- Richmond dis. trtct is using the soup houses of 1893 aS means of soaring the wage earners from voting the Democratic ticket Those soup houses existed under the Mckinley tariff. But there have been more recent ones. After 1907 there were soup houses in the Kensington- Richmond district, and everybody who was echarita bly, disposed was begged For contributions to feed the people who were out of employment"