| Show BUSINESS WORLD ex hai bar loiis SILVER NOT THE lie he brinas the blame home to where it belongs our relief NEW YORK july 25 the world worl d prints the tollo following views on the bitu aita aaion prevented by ex president bent lamin jamin harrison the sherman Sher raan act is not alone responsible pon sible for the prevail prevailing inz want of confidence that everybody now experienced experienc ee ep rha pha distrust is not against silver sil ve only I 1 it is not aga against nat the government issue of 11 dav people are not holding gold the country relatively goin is ia circulated as freela as is ia silver people are withdrawing money eold and silver and paper alike from the circulating banks and thes the saying iving institutions tut tat ions and are locking it in safe deposit vaults or biding aidin g it away in t beir stockings s they do this not because th thay V nave no confidence in the govern ment betit hat but because they are fearful of business calamities the distrust is ia increasing and the outlook is gloomy the sherman act is not the sole cause causa 1 times that measure has served its purpose it is true but bat it is not responsible for the depression which overhangs commerce trade and agricula ure the political party in power came in on a statement of its principles for rou laed and promulgated at chicago where a gathering which represented a diversity of political ilal beliefs and pr pre indices gave this statement to the coun conn try as the platform of the democratic party it was announced anno announce 1 to the country that the existing system of tariff should bo be modified to the extent ot ol a tariff for revenue only on this basis the candidates of the party now in power were elected th the e enormous manufacturing interests were of course duly impressed d and business has been compelled to suit itself to the condition to which the chicago platform must logically lead it is impossible to bridge over suddenly tile the wild chiasm intervening between comparative free trade and the he protective eystein system under which the nation grew rich without prolonged convulsions of trade great economic convulsions do no not adjust themselves with celerity hence fearing changes factories stop work shoos close and prices shrink if the chicago enunciation of prin caples is to be maintained business must prepare for a change according to it its a principles plea the government is ia pledged to reduce the tariff to the standard of the chicago convention the business of the country cannot prosper under these circumstances distrust is widespread everything languished the heterogeneous political elements that will meet in washington Washing torl will represent r free trade and many theories contrary to business stability the conservative people of the country stand aghast at the possibilities of legislation and are trimming sails to suit enit the weather the outlook is dark but bet it is difficult to see now how relief is to come the distrust might be dispelled perhaps but how in one sanse th the situation is theatrical excitement excite meat may be caused by a stroke of inspiration A panic is sometimes averted by a band striking up a popular air just as aa the frightened crowd is about to ruah rash and trample over one another how can caa the present somewhat an condition be changed by sud end denia inspired influence the leaders of the party in power will scarcely acknowledge that its principles are mistaken ones that the chicago platform was false and should be repudiated I 1 can see no moses at present who will lead tho the business world out oat of this er egyptian darkness |
