Democratic Sentinel, Volume 16, Number 49, Rensselaer, Jasper County, 23 December 1892 — Unchecked Prosperity in Woolens and Cottons. [ARTICLE]

Unchecked Prosperity in Woolens and Cottons.

How little business was affected by the last election, or landslide, and how smoothly and prosperous it has been since, is evident to those who read trade journals and reports. The new mills going up and the enlargements being made even in protected industries, where there is a strong probability that the protection will soon be lessened or abolished, have been so numerous and conspicuous as to almost completely silence the Republican “calamity howlers,” who, two months ago, saw only ruin ahead if this country should elect Cleveland and declare for “free trade.” The “scare” now is largely confined to the politicians, who are afraid that their evil predictions will not come true. Because of good crops in 1890 and 1891, and unusually high prices in ISOO. and in spite of the-McKinley bill, we were enjoying prosperity before election; for the same reasons and because of the prospect for free wool, coal, ores, etc., and in spite of evil predictions of some Republicans and a few attempts to close mills, reduce wages and charge it to the result of we are still prosperous. Here is a sample of the pictures in trade papers. The American Wool and Cotton Reporter, a limited protectionist journal,, has a column (or columns) each week, beaded, “Bulletin of fr«w Enter-

prises." Theseoontain a listof “New Mills” and a list of “Enlargements and Improvements” In cotton and woolen mills. The number of mentions made are an index of the degree of prosperity in this industry. The following are taken at random: Knlarge--1891 New Mill*. inents. Total. March 17 11 10 -11 Aorll 1 « 18 17 June 9 18 ll 14 Sept. 8 18 95 89 Oot. 6 9 38 45 Oot. 18; 18 11, 89 Oct. !U 17 Ift 41 Oot. 17 11 Ift 47 Nov. 3 14 81 48 NOV. 10 18 18 54 Nov. 17 Not given. Not given. Nov. 14 15 18 33 Deo. 1 10 14 44