Democratic Sentinel, Volume 18, Number 11, Rensselaer, Jasper County, 30 March 1894 — THE BUSINESS SITUATION. [ARTICLE]

THE BUSINESS SITUATION.

Clews’ commercial report for the week ended Saturday hits the panic loving political organs hard. “The business situation,” says Clews, ‘‘may be dismissed by the simple statement that it is exceptional’y sound and improves daily.” “Confidence is osrtainlv reviving,” continues the report. “Bus siness is slowly but surely emerging from. the, distress brought on by the silver crisis,” —here is a non-partisan clincher f tne Democratic contention that the recent depression was precipitated by unwise silver legislation -“and grievously prolonged by tariff legislation. Stocks of merchandise have become so exhausted, with few exceptions, by prolonged curtailment of production, that universal resumption at the mills will be imperative as soon as the tariff fright is oviT.” One cannot read the newspapeis and remain unconvinced that the business situation is on the mend. The bottom has been reached and the indue trial world has begun to move m ward. very body will rejoice in the brightening of the commercial skies except the partisan croakers who would prolong national distress if they imagined political capital could be made against the Democratic administration. “If the trade depression,” says the Indianapolis Sentinel, referring to the renewed activity in manufacturing circles, “were due to an anticipated tariff reform it would of course have become worse as the time for the change arrived, but instead of that there has been a gradual improvement. It is well understood by all mercantile men that the inq rovement would have been much more rapid if the Wilson bill had become a law a month ago. The delay has made purchasers steer close to shore, because they could not tell certainly just what changes would finally be made. They all know, whatever their politics, that a reduction of the tariff means a reduction of prices, and they naturally do not desire to be caught with a large stock of goods on which the duty is reduced” It is not anticipation of tariff reform, but the partisan misrepresentation of the effects of that reform, together with the dilatory tactics of Congress in dealing with tariff legislation, which operated to depress business. Nevertheless, as soon as the policy of theadministration was outlined with some degree of certainty, the commercial world prepared for changes and begun to meet the new order of things. That the full effect of the business revival will not be felt until the matter is settled to a finality is, of course, to be expected. For whatever there is of trouble and vexation in the industrial futurr, those who are prolonging the battle for tariff reform and who ate endeavoring to delay the final passage or the Wilson bill must be held responsible. D •mocratic senators ought not to permit any of that responsibility to attach to them.

We laughed and cried.—Graphic Opera house, April 10th.

Anotheb Glass Factory .. Redkey, March 22... The papers were signed last night for the erection of another large glass factory in Redkey. It will be known as the Giles-Ulough com* pany and will employ 100 hands. It will manufacture oil cans, fruit jars, bottles and flint glass and will be one of the largest concerns of the kind in the state. This is the second factory located in Red* key in the past three weeks. 60 laughs in 60 minutes.. .Con® nersville Examiner. Opera house April 10th. Calamity Howlers Gagged. .. Noblesville, March 22.. .The large plate glass works at Arcadia, recently completed, commenced operations today in spite of republican howlers who are constantly saying that the Wilsoi. bill will close all the manuractoiies in the country. The new concern will employ aboutt one hundred men. This is the second glass factory that is now in operation in Hamilton county.