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Show Campaign Depression. It has become a pioveib that a national campaign is always a bad time for business, filvo a thought to this fact and it is more dlillcult to undeistand. There is always mote or less uncertainty as to the result. The future Is inevitably somewhat in doubt. A possible change of admlnls-i tratlon means a probable change of conditions. The merchant, for example, ex-ample, has no means of detcimlnlng Just what this change will be. He buys, theiefore, only what he Is compelled com-pelled to buy to meet Immediate demands. de-mands. Thus theie Is less demand for manfacturcd products, the factories fact-ories arc requited to ictrench, fewer operatives are needed, and thus there Is less demand for labor. This leads to a reduction In puichascs and here again the merchant has still more reason to cut down his orders; tills again l educes the demand for the manufactuicr's products, and then again comes a diminished demand for labor. So until election day we have an endless chain of causes all tending toward a depression in business. Now add to this fact that the tendency tend-ency among meicliants In ordinary times is to buy further and still further ahead, notwithstanding the Increase In facilities for communication communica-tion and transportation, -we say add this fact to the others, and the wonder won-der is that a pinching dcpiession In business had not come a good while ago. And so It would have been, had it not been for the picvaillng hupics-slon hupics-slon that theie will be no change at the coining election. |