Show W WHAT THE RECORDS SHOW chief stock iii trade stade of the dipti republican 6 this year yea r odare wh not nat discuss either the taribio tariff or r ane currency k epcy question is is a general indictment rit of democratic rule in which ine only thing of weight hi is the ap specific ec allegation that under rule the county country r flourished like a ii green een bay while a democratic administration 0 of f affairs p produced ind industrial distress com mercial failure and a regular cata clysa of business desolation desolate 0 n and misery like most of the republican ican campaign statements this one will not mot bear beai investigation indeed the only reliable basis for av 17 stA statement teme tit of this kw kind proves very conclusively that jm auxt t the itie reverse is is tr true ue the report of oe b business xi siness failures is as given by duns mercantile agency for the last ten years affords little satisfaction to these brave campaigners who are afraid of nothing but the truth that report is is as follows number dumber of amount of year failures 1881 AW 10 W 1888 aw 9 ma 1888 10 aw amor 3 1889 1487 1880 logt 1891 W 1891 1894 1893 3 this thi vast increase was occasioned hy by the treat great number of hank bank failures fai lurea in ISM 1891 the liabilities of whick aggregated the record of the republican party during the years following the war when its control of cfall all departments part ments of the government was undisputed and complete is a shameful one in this regard who can forget the dark days of 1873 1973 a darkness which came on a clear day when the skies of hope were brightest in 1873 there were failure liabilities aggregating 2 then disaster asterman aran riot in 1874 there were failures 1875 7 1876 1877 7 and in when it is remer remembered that there was little bu business aness done and few failures in the south that the west was new and thin thinly lly populated though fur full of enterprise and rapidly growing during all those tears jears it will be seen seea that the ratio of failures tor to population was wag much higher e even ve n than that of theun dented year of 1893 which the re republican p publican ori orators tors prate with wit it such affectation of virtu virtuous Zius indignation jn in this connection it will be noted that the failures of 1873 cepres represented anted liabilities abilities to the amount af the failures of bf 1878 represented amoah nato aj aj ier or less n i in excess ceis of the liabilities i of ahe the 1873 failures that mean I 1 it t means that ahe ble i d 0 of beren publican puo lican aki n liebi as now wat littlefi little fd lows in g l ty irad and ini us ry y ing them th then terest vlaha of ahe rich and ahti w wt h it adji re PU publican party was tsa then as iiii it is la ud tool of lyl T mat the table zab above we given j jarnich aich acovera the of arthur 0 o e first fin t cives es liot aoi ow grain ica 13 v y a athe i ta abe last barof z aia he a pa those aa e Q f ing ic y f in g ailt of adall akis af f ait W pursued pur sned yilth E ga igl h il i t i e vio v i o arao cratie presidents tw s1 sa si f t V r v A va ass Sf tP i se AA S te k inaugurated immediately fim times ed imar improved oved the ba barometer ro bebr of bustness business shows a falling off in failures as well as in lia liabilities liability biliti an and d in 1887 the number of failures hid had fillen fallen to or 1334 fewer than in arthurs arthur closing year in june 1888 the republican national convention at chicago I 1 adopted the famous mckinley resolution favoring prohibitive protection duties the number of fau fail ures leaped up at once to harrison was elected and andone one year of his administration sent the number up to another year and the went to the next or 1891 the number passed high wilter water mark and reached and he dosed closed his administration with a year in which the failures numbered with liabilities at only more than twice as many failures as in 1873 with less than half as great an amount in liabilities in other words while the average liability of 1873 was about showing that the small business men were not largely represented pren ted the republican policy faithfully carried out under harris hii arl son had haa resulted lesul ted in reducing the average liability to about in 1892 a fact which unerringly points to the gradual elimination i from trade and industry of the individual and their complete control ky by multi millionaires in the form of trusts combines and syndicates march 4 1893 benjamin harrison hamson stepped down and butof out of the presidency the treasury chehad he biad found overflowing with a surplus he left bare with an actual deficit for his successor to supply he had dishonored silver and discredited the currency of the nation his administration had fostered monopoly and discouraged individual enter prise one month later the results of his corrupt rule became apparent in the number of hank bank failures which occurred in april by may I 1 the condi condition had become critical and from the ath of may to the alth of july 1893 before the cratic administration had had time jime to 10 do a thing save to tr try y to avert impending disaster nearly of individual deposits had been withdrawn from national banks alone and failures occurred on every hand and in every line 7 the lineal heritage of four years of republican publican Ite misrule if from these figures which are correct the republican party managers ran can gather comfort they are at liberty to use them in their cam laign addresses but the less said by v them about the business prosperity 1 per ty the better for their cau sefor whether we tike take the partes record for the last four years or g go back to the time of the reconstruction period when the door of success stood wide open and waiting to all w we e find a record of stupid neglect on the one band and shameful dishonor and venality on ahe other oiher chicago times |