Show Doc BE DECEIVED There is much truth in the statement that the cause of the business and financial finan-cial difficulties that the country is experiencing expe-riencing is due more to over speculation and general inflation than anything else Everybody has gone ahead of his means Property hag been viewed as of much higher value than it was really worth Money has been borrowed on that assumption sumption speculations have been entered into on that basis Many of them have failed There has been a period of ex iravngance and we are now feeling the force of the reaction When everybody is in debt and there comes a time of pinching reacting from the inflation while there may ben be-n abundance of securities in different forms the cash is not to be had because those who have gathered it in have also locked it up Banks break wIth far greater assets than their liabilities amount to But those assets cannot be turned into money and so the firm that holds them and cannot realize on them goes under The hesitation and depression in the wool market and other branches of trade is but one of the ffects of the reaction that has come It is the very hight of absurdity and the very depth of unreason to say it is tho effect of a tariff reform hat has not been begun Such things have been before and will be again The notion that the SHERMAN law is the source and fountain of all these evils is equally foolish and untrue The purchase pur-chase by the government of 4600000 of silver monthly does not Injure trade nor destroy confidence nor lessen the volume of the currency It is wrong in principle it is undemocratic it is outside the functions of government it ought to be abolished but that does not prove that it is the cause of the troubles trou-bles thab have swept over the world Australia has no Sherman law and no dread of a change of tariff policy And yet it is suffering far worse than this country from the financial and business disasters that have fallen upon its banks and its people The same cause has been at work there as here The reaction has come and the effects are bound to follow Retrenchment and reform must be the order of the times The change cannot bf1 made in a moment Over speculation must cease Paople must live within their means Debts must be liquidated as soon as possible The hoarded cash must be brought out and put in circula tion This panic ia passing The worst has been felt Its effects will in a little while be greatly obliterated Confidence will be restored and business will lookup look-up while the general public will resume its usual equanimity The political effects will not be as our inconsistent but wily Republican friends anticipate They have raised their howl too soon Before any important elections take place these evils will have passed away and the good results of a popular and economic administration of public affairs will be experienced The deception attempted just now will be wiped out by the actual results of Damo cratic government The Republican maligners will find that they have not succeeded In Utah every Democrat should ba posted on the facts of the situation be ready to meet the fallacies of his political opponents and not suffer himself to be silenced by the pretenses of the party which whatever of politics is the sourca of present troubles is the moving cause thereof and is now trying to shift the balance for actual de6ds to something indefinite I in-definite that has no real existence and tqat is merely held up as a bugaboo to alarm the foolish and deceive the unsophisticated unso-phisticated |