Show PARKERS ADMI ADMISSION I 1 i I 1 HE IE SAYS HIS PARTY S TARIFF REFORM POLICY IS 13 A MENACE I 1 allude alludes to I 1 that sense of uncertainty I 1 and instability I 1 that list toll Joll owed previous attempt attempts to destroy protection I 1 I 1 lit et In indolfo dorsee ark industry alt reck I 1 ing platform alton B I 1 ar at er in hia his speech accept ing the democratic nomination for I 1 red rhent frankly allude alludes to TIL A ifil OP or uncertainty UNCERTAIN TI AND BILITI that followed past exilore exi lort of the democratic parly party in the tariff tinkering I 1 ne tie nevertheless he fully en dorsee the admirable platform of the damoc democratic bratle p 11 ty u ith its it program ot of attack on the tariff bat Ir how ever he takes good care to dispel all fear fears that the program cau can be success tul ful by announcing that IT IS t dragt AM AND SHOULD FRA FRANKLY N CONCEDED til VT T OUR PARTI BE SUC dessl UI IN COMING CON LON TEST WF CANNOT HOPE TO i ak 4 MAJORITY IN THE SEN SUN DURINO DURING ellb FOUR YEARS IN jtb L SHALL BD TO INI MODI IrIA TION IN THE SAL S Y L THAT TO IN ilicia THE TRE rt UN IN THE MAY MAX mr I 1 larker arker Is eyl evidently bently well enough posted on the nay may bu bt fines had been disastrously affected by previous 1 at t tempts to remodel the tana tariff on democratic lines or eke else he would not la in his hi acceptance speech while git ing it as his bel bet et ef that there could be a wise and beneficent revision ot of the tariff have further farther said without creat crest ing that cne of uner tanty and in stability ability et that has on other occasions occa siona man treated itself there bas has indeed been a curious fa to ably in the to oci incidence dence of tariff retis revis ion in this country with sith trade reaction sh the tariff arts acts of 18 2 of issa and ot of 1894 in every case accompanied or shortly preceded a period of serious corn cons mercial distress it cannot well be questioned that the democratic practice ot of ripping up by wholesale a camph bated import tariff la Is pretty sure to derange at lest leapt one season a plans in the industries affected and it Is apt to throw out ot of employment thousands ot of people also to make a bad miscalculation as to future public revenue following the new tariff law in march 1883 public revenue v decreased in the twelve month months ending with june issa and something like 25 DOO la in the fiscal year issa and la in 1881 the financial situation reached a crisis the financial uneasiness of that year caused 1884 to be considered a panic year the panic of 1893 1803 in I 1 1893 a calamitous panic beginning begina tug in the spring months was synchronous with that cense sense of uncertainty and instability had followed the election ot of both a president ident and it congress pledged to tree free trade the passage ot of the Al vilson bill the following year ag graTa grava ted the industrial disasters ds d asters this bill dot not only did direct damage to man industry everywhere through out the country hot but it had disastrous et of facts on the nations credit because it caused the revenue revenues to drop heavily below the expenditures and thus forced the govern government meat to draw for or its routine ex benses on the treasury gold reserve bich was to pre preserve erve the goll standard etan dard of value the revenue from this bill fell short of the estimate estimates ot of its democratic framers by no less a sum than and this including Inc ludine its bugar sugar import tax which many of the democratic leaders including president cleveland blin bieselt self had been bitterly ol 01 posed to the bill produced a deficit of in the fiscal year 1 anil and in ISM 1896 four ears of gloomy business depression throughout the country was the price paid for this bungling attempt at tariff reform by the democratic party it wae was marked by intense suffering euffer lne on the part of a large section of the american people who could pet got no work to do at even the lowest wages THAT OF UNCERTAIN TY AND INbI I 1 abl ABILITY lasted tour four long years UNTIL TUG TUB I 1 OF IN 11 LIAM SIc KINLEY those tour four year years 1887 1803 7 of democratic tree free trade rule marked the maddest chapter in american industrial history the losses to the country industrially finan dally and commercially were ere probably greater than during the four years of civil war 1831 5 weeks the nation a resources were naturally enough strain ed to the utmost and peaceable indus trial pursuits bd bad to be largely aban boned two I 1 tried compared the no actual bu business giness effects from THAT OP OF uncertainty AND instability that mr park er is frankly alluded to la in bin lils speech of ac ep taace as a occurring during one of th the e occasions occa slona connected with tariff revis 3 ion are am well 11 portrayed by a feir few con dented random abstracts from brad streets treet covering the month of july 1893 1803 when eliat SENSE OB OF UN CERTAINTY CERTAIN TY AND st rising from the fear of tariff tion wa was exceedingly aggravated and was resulting in general business bu sines dig and industrial paralysis A dark chapter the abstracts to which attention la to called follow I 1 july 3 1807 operations were re gained on monday in the NN ashington mills at washington it J I 1 employing 60 80 vi eavers at a conference of the employing plasterers and worker new york terms favorable taT orabIe to all interest interests were drawn up and agreed upon tub tube department and sheet mill of afa the beading reading iron works resumed operation 1 tb th tube department empi employs I 1 OW men and the tb beet sheet mill will COY gira ire VA men ark ne bloomin ti and steel departments of the north mill of the Lac lackawanna kawana 12 iron and steel company started on ain al ale 1 torn turn tuesday present indications point to the co corn in I 1 ale to resumption of all th the tin plat plate mula in the country la in a week or to so the ui BW now wage scale haring havlac been signed last Ba two mills have started already july 15 sines december 1 lart last 43 rational basolis bare bete placed io in the tb hands bonds ot of receivers combined capital clock stock of 0 8 0 9 Z OM ath track laying for the first fix six in month 0 of 1893 shone a decrease decre de create ac from rom the aim ebin I 1 list clr period of IS tb the noun an we have hare about 3 ix miles I 1 for the total probable track laying of the fear year this nil ill bring the mileage ruile aee of new track laid tor for below that ot of any ny other Y rear ear since IS 8 with the possible excel tion lien of or ass bank deir sign for the week bare barely reached ren lied the billion lollar mark u with ith a total of 3 5 per cent lea less than last at week and 12 per cent less than a year ago ausnes busnes 9 fall ire it in the united tate are ore unus illy sally frequent numbering this week against last ue neck ek and 10 a it fear year ago the feature of lart last saturday a week ly new loa lorl bank statement was as the reduction redaction of in each cash hold bugs ng and 6 oo 00 la in surplus reserve july 22 benched dep u in the stock market has tins this week dirtied at mentton with the bank failures and busi ness complication complications in the anest esl A brighter chapter the following condensed abstracts from bradstreets for the same month july but for the year after the election of IN gillian illiam pledged to the he republican policy of protect protection ion had re removed THAT or TO UN ald D instability I 1 reflected the beginning of the great cm era of prosperity that was thereby ushered in the great western 1 estern tinplate corn com banys plant at jollet joliet ill employing boo 00 men resumed work the ile men get an n advance of 8 per cent for the first time in several years all the employed emp loyes of the chicago burling ton text and quincy railroad sho shops at st joseph yo vo are working full time th no rush of work in tome departments has necessitated the employment of addition al hands reports from maine hat that part of f the Is g plant formerly owned by th jay paper company Is s about to start in fuu full the pulp mill already started chattanooga tradesman report reports iron and steel trade active and prices toady steady la in south several furnaces have been blonn blon in since july I 1 movement in lum ber her good and textile trade shows im sloss iron and steel company are about to blow in another furnace at north birmingham and also their ao no 2 furnace in birmingham mckenna SIc Kenna steel NI arks at jollet joliet ill w will 11 resume employing men usen the 1118 everett Er erett pemberton and atlantic at mills at lawrence mass hare started up with an aggregate ot of more than 3 bands hands the rho pawnee divelly and stville companies of the danville denville ili district posted notices of increase of 10 cents a ton tun in wage wager the rolling mill of J painter st son was started steel mill of 0 jones laughlin ot of the same city also resumed july 21 24 because 0 of the proposed new tariff rates all of Beer bowers eliza beth N J pottery workers have returned to work felly fully workmen have gone to work as a result of an agreement reached oa on the sheet scale tor for the ansu ing year announcement that the card and combing departments of the 13 gelow carpet company will resume next sion day and that the entire plant will resume the week following with nine hun dred haidn during the maine veins central rail rall road employed emp loyes bad had wages reduced 10 per cent officials have now decided to restore old rates july 31 started in tod furnace of youngstown own ohio steel company cotton mills in to blackstone N valley alle Y IL I 1 started UP on full time with a large number of employer emp loyes at same time the dye works and blea bleach cherles erlea connected with lonsdale mill began on full time A number of large industrial con corns in connecticut resumed operation operations early this week because of passage of dingley turice tariff bill |