Show A GREAT anniversary victure of the Fata IUIe cad by one year of G rover cleveland on tho ath of march 1893 grover cleveland a citizen of the state of new york was inaugurated president of tho united states in the presence of a great multitude of citizens of tho several states who had come to do honor to tho occasion and the great national capital and to leam of the grandeur of this government of which all are so proud when grover cleveland ethod before this and delivered his anaa enral address among other things he said the people of the united states nave decreed that on this day the control of their government in its legislative and executive branches ahall be given to a political party pledged in the most positive terms to the accomplishment of tariff reform this statement of the president when entering upon the duties of the office of president makes a prominent landmark from which to observe the re operations in ance with the principle as enunciated by him namely tariff reform on march 4 1893 prosperity marked every element of industry and thrift was everywhere visible manufacturers and merchants were busy mills were crowded with orders commercial houses were unable to more than keep pace with tho growing demands made upon them labor was employed and the future stimulated by the high hopes created in the minds of all the people by the reform party coming into power march 4 1883 may well be said to mark an era in our history there was a surplus in the treasury sufficient for the demands of all public business without impairing the national credit by drawing upon the reserve funds the revenues were sufficient for the wants of the government so that there were no forebodings of a deficit in the treasury turning aside from this marclous marv lous beginning wo stand in the presence of the same assembled multitude with grover cleveland not on the eastern portico of tho capitol but in the dismal swamps of the carolinan Caro linae celebrating the first anniversary of his induction into office for his second brief look at abo state of things march 4 1894 gives what might be called a fair estimate of the results of one years experiment in tariff reform first let us notice that for the first time in the history of the country in 80 years the national debt is increased more than in one year for the first time in the history of the government for more than a quarter of a century the public revenues fail to meet the demands of the government and a deficit of more than Is found in the national treasury the factory system of the country extending from california to maine covering the antiro domain of the country is seen in great prostration mills are everywhere closed and thousands who on march 4 1893 were peacefully and happily employed in the everyday industries that brought thrift and happiness to the millions of homes in the country are now been congregated in the great centers where once was active shop and factory looking for work and begging from door to door or lodging in public houses at the public expense or begging for a plate of boup at the hand of charity no more vivid picture was ever painted in the history of any nation in civilized times of the wonderful fatalities attending all business enterprise than that of grover cleveland and his democratic administration in tariff reform for the 12 months ending march 4 1894 tariff reform has under mr cleve lands leadership accomplished the same results for which it has always been noted in this country namely the establishment of soup housea the impoverishing eri shing of the thrifty operatives by using up their surplus from the savings institutions of the country driving capital out of commercial enterprise and leaving commerce stranded with but one thing sure uncertainty the loss to business for the year Is estimated by dun and at this Is tho cost of tariff reform for one year |