Democratic Sentinel, Volume 18, Number 36, Rensselaer, Jasper County, 21 September 1894 — “DEMOCRATIC TIMES." [ARTICLE]

“DEMOCRATIC TIMES."

rhe Country Is Entering Upon an Em of Unexampled Prosperity And the Occupation of the Calamity Howler Is Gone. Republican Papers and Republican leaders Acknowledge That the Advent of Good Times Has Come Through the Enactment of the New Tariff—Factories Resume Operations In all Directions and Give Steady Employment to Labor. The Banks Let Loose of Their Hoarded Treasure and Business Everywhere Begins to Boom—Democratic Times at Hand. Republican orators and Republican papers have had a great deal to say in the past year about “Democratic times,” though all the 'While the country was suffering from the effects of Republican legislation. This talk has suddenly ceased. The reason is not hard to discover. At last the Democrats in congress, after a long and desperate struggle against the Republican obstructionists, have sucoeeded in placing genuine Democratic legislation on the national statute books. The consequent benefits were instantly discernible, Business, which had so long groaned and sickened under the blighting influence of laws enaoted by Rephblican congresses for the benefit of the protected barons, the trusts, the combines and the grasping corporations, Immediately began to revive; wheels in the factories began to revolve; wage differences between employer and employe were quickly adjusted and the toiling masses not only resumed work but also realized an additional benefit in the increased purchasing power of their wages given by the reduced tariff duties. The revival of business and industry in the past 80 days is really phenomenal. Factory towns are manifesting their old activity, merchants are pushing their trade and the banks are already putting into circulation the jnonoy which has so long been idle in th<4r vaults. Democratic timfe' have come sure enough.

Depew’s Testimony.

And they have come to stay. Business men recognize it, mechanics and laboring men recognize it, farmers recognize it; yes, even the Republican politicians who have been doing nothing but howl “calamity” for two years recognize it and are ceasing their dismal croakings. Kore is Chaunoey Depew, who has himself interviewed in Europe on the situation. Depew says: The settlement of the tariff question is the beginning of a new era of prosperity. There is no end of idle money which will now seek active employment. In less than two years the panic of 1898-94 will be forgotten. Mines, furnaces, mills and factories will be In full operation, railroads will be conveying profitable traffic and the movement of internal commerce and the free circulation of currency or the equivalent in business and wages will certainly increase the demand for everything produced upon the farm or elsewhere. We are ripe for a long period of prosperity in business, good wages and full employment for labor.

However, this testimony of Depew wasn’t necessary to inform the people of the United States that times were better since the passage of the tariff bill, nor to convince them that we were, as a nation—thanks to the wisdom of Democratic legislation—about to enter on an era of unexampled and genuine prosperity; a prosperity which, being founded on right principles, is bound to enduro. The telegraphic columns of tho papers are full of it. Every day the telegraph brings news of the resumption of operations by big factories, the establishment of new industries and the improved condition of trade. The St. Louis GlobeDemocrat, one of the ablest as well as one of the most intensely partisan Republican papers in the land, says of the situation: Two or three months hence the improvement in business will be so marked and so persistent that the croakers of today will be confounded and humiliated. Partisan capital cannot be made out of the gloomy vaticinations which emanate from certain Republican journals and statesmen at this time. The Improvement In Indiana. In Indiana the improved business situation is most marked. The Indianapolis Journal, intensely Republican, contains daily testimony to the improved condition of trade. In its weekly review of the situation in Indianapolis are found these statements, among others: The Rockwood Manufacturing company reports business improving. This week it shipped a sawmill to Hayti, one of the West India islands, one to Kentucky, one to Tennessee and two to Missouri. It also made a large shipment of pulleys to the Pratt & Whitney company, Hartford, Conn. All the departments are running full time, and the company is especially busy in its foundry, having just booked several large orders for gray iron castings. Love Brothers, proprietors of the Indiana cottbn mill, are preparing to increase their production by putting in 100 more looms. Although the caimers of fruit and vegetables will not put up two-thirds as many goods this season as last owing to the drought whieh cut off crops, they are just now pushing business, giving employment to some 1,500 men and women. The manufacturers of bicycles are much surprised that their business is keeping up so well. Usually all are shut down in August and September, but now they are running with fair forces. The Hoosier woolen mills are running.. They have orders to keep them busy the next five weeks, and hope before that time to have orders to keep them running in tt\eir present manner for a longer time. Furniture dealers report an improved inquiry for new goods and, as one of them puts it, can begin to see a little clear sky. President Bennett of the Indianapolis Stove company says the works are now fairly busy and the company is well satisfied With, the results of its business in Align**. ' V'’ l|£night & Jillson say they have no reason to complain of their business. The representatives of threshers and engines In this otty, of which tfeere are »

numoer, are just closing meir Business year, and find to their surprise that fully as many engines and thrashers have been sold this year as in the year ending Aug. 81, 1893. The Diamond plateglass factory at Elwood has started up the remainiug departments of the plant, and it is now running at full capacity. At Muncie Muring, Hart & Co., windowglassmakers, started with 250 hands Sunday night; Ball Bros, started started Monday night with 850 hands and all the greenglass factories with full forces. At Greenfield the Samuel R. Wells and the Columbia windowglass works have resumed, giving employment to 800 hands.

At Anderson the Riverview Farm Implement company of Brantford, Ont., has secured a location and broken ground for its factory. It will employ 200 hands. Pittsburg capitalists have oompleted arrangements for establishing at Andorson a tinplate factory to employ 600 hands. The wire nail factory at Anderson is working night and day, employing 600 hands. All the windowglass factories start up on the 20th and every faotory in Anderson will then be running. • At Anderson the Anderson iron and bolt works resumed operations last week with its old force of 250 men. At Noblosville the American Carbon works were uwardod a contract for 1,000,000 carbons for the Milwaukee oleotric company and not only employed all of its old foroe without reduction of wages but will have to employ more men. At Cicero the Modos company glass works resumed last week with 276 men Sind no out in wages. A Philadelphia dispatch to the Republican Indianapolis Journal says: There was a general resumption in the glass business in South Jersey today, and by Wednesday there will hardly be mi idle glass factory at Millville, Clayton, Willlamstowu, Glassboro, Malaga, Bridgeton and Woodbury. All the factories weut Into full blast. The coming season promises to be the best for years in the glass trade, and the outlook for continuer! work throughout the season is excellent.. The work is being started on a very satisfactory basis to all. Most of the larger factories have orders now on their books to run throughout the year. Money Again Moving. Not only is there a boom in tho manufacturing business, but all kinds of trade is flourishing and the bank statements are daily bearing testimony to tho trade revival. The Evansville Courier, in an able editorial roview of the situation, says: The Courier a few days ago showed that in thwwool schedule alone the people were relieved by the bill of $141,000,000 a year which lias heretofore been taken from their pockets and given to the woolen manufacturers. This is the largest item of saving in the bill but it is doubly effective localise while free wool reduces the burdens of the people to that extent it also takes from the arch of protection its keystone. All business men of the countiy fully appreciate tills fact. They under-

stand that the long reign of protection is nearing an end and that the most ordinary business prudence requires of them that they adopt their future business policy to the new conditions inaugurated by the new law. It is a significant proof of this statement that the loans inode by the banks of the country were larger in extent last week than during the same week of 1892. This result is a most gratifying surprise. No . one doubted that there would be marked improvement over the same week of last year, but that it should surpass the same week of 1892, eight months before tho panic Bet in, exceeds the expectations of those who were the most sanguine in forecasting the immediate results of the enactment of tiie new tariff law. There is a gain of nearly $90,000,000 in the loans and discounts of lust week as compared with the same date in 1893, and a gain of nearly S3,(XX),(XX) as compared with the same date in 1892. The figures as shown by the last statement of the banks in the New York Clearing House association showed a total of loans and discounts to the amount of $489,879,‘.W0. The figures for the corresponding date in 1893 were $400,169,800 while those for 1892 were $487,101,700. The only year Hinee 1884 in which the loans and discounts have exceeded $400,000,000 was in 1889, so that as a result of the new tariff law the total loans and discounts at the date of tiie latest statement of the New York clearing house is the largest that the country has known since 1884, Of course this increase in the loans and discounts argues that there must also have been an increase in the deposits and the same statement shows that the deposits were larger at the beginning of September, 1894, than at the beginning of the same month during any of the past 10 years. The increase over deposits of a year ago is $212,000,000 and over 1892 is $76,000,000.

Axminlster* For England. Another feature of the business revival worthy of consideration, is tho rapid increase of foreign trade which had been so discouraged and depressed through the malign influences of the McKinley bill. Touching on this is the following special dispatch from the Indianapolis Journal: From reports received at the state department it appears that tho United States has at least turned the tables on England and is now shipping to that country carpets to the value of nearly 4500,000 annually. To make the case still stronger, it is stated that these carpets are the famous Axministers, supposed heretofore to be produced in perfection only in England, and the trade is steadily increasing. “These Democratic Times.** The country has fallen on “Democratic times” sure enough. And witliin 30 days the rejoicing thereat will be loud and general. The greatest growth ever known by the business and manufacturing interests of the United States was from 1850 to 1860, under a socalled free trade tariff. With the dawn of another period of reasonable tariffs has already’ come the assurance of great prosperity. That wo aro on the threshold of good times no one who gives a moment’s thought to the subject can doubt. Capital and industry are now convinced that McKinleyism is forever dead and, free from the protection slavery that has so long hampered their efforts, they are now to bring about that uniyersftl prosperity to, which the unlimited resources, and the inexhaustible energy of this country entitles it. ‘>Demooratic times” are at hand.