Show 41 1 14 M zw no 7 im II I 1 w EA I 1 tha new cork press 81 hinss 1178 the praises of this administration administrate ion so 80 gracefully that thai we cannot refrain from quoting from it one year ago the prosperity of this nation was at highwater high water mark elgh teen hundred and ninety two was the banner year of american industrial progress daring the twella months ending at midnight on the thirty first day of last december the american people produced more and consumed more than in any year of their hi history etory our foreign trade broke all records bv its magnitude the volume of our oar industrial in du production and of our exchange of products prodUCt 3 among ourselves went ar beyond all precedent we produced a million tons more of af pf p I 1 g g g iron than in 1891 and toua tona more than great britain we produced tons of steel ralls rails more than in the preceding year we consumed pounds more wool than in 1891 capital and labor were alike fully fally and profitably employ edThe factory wheels revolved revolved unceasingly wages were hieber than every eusry before confidence was universal credit was freely extended the integrity of the currency was waa assured ass aBs ared there were lower fewer commercial failures than in any year since 1882 tha creation of wealth for the tha nation natio nand and competence for the toiler went on apace under the shield of americas second declaration 0 of independence the McKin mckinley joy law until tho the bourbons and the socialists I 1 elected grover cleveland there wits wag every prospect that the same conditions would prevail during 1893 the capital of the nation tho the executive ability of its leaders of industry the enterprise of its merchants and the skill of its trained workers were at the highest I 1 point on november 8 when the democratic 1 party triumphed on oil a platform that declared war on every american inte interest rest with th the e election of cleveland and merchants bisan to trim the their it sails in anticipation of tha coming storm with the inauguration of cleveland the storia burst burat confidence vanished credit tied fled capital hid bid itself isel ales in which a laige proportion of the conn count rys wealth was invested rapidly dwindled in kalua till aba he loss lo ld t the he people exceeded ik J 1 bbb bi bank h k after lank bank went to ithe waif wall abe the liabilities of 0 commas re s for foj jh he 0 first elx months dihe more than doelle le those corresponding ng period af menaced by revolution f ution 1 american cebea to expand and began to retrograde production has fallen and wag wages iiii ii aveI ve lillen alten with g it every plate gaas cass factory in the country conn try has shut I 1 the groat great iron in kinra s of the southwest Narth west ady operations blast furnace e freij are be ing bank banned led trade balances at aie a u na a textile mills are everywhere clos inz ine or restricting their product the pricia of woi ad wheat havo have sunk to a ruinous ous figara tte tle farmer suffers with the merchant and the manufacturer bens of thousands of Ame american work men who last year were bur busy y and p 0 are idle ard and feling destitution desti tation today to day |