Democratic Sentinel, Volume 19, Number 38, Rensselaer, Jasper County, 27 September 1895 — Republicans Responsible for Panic. [ARTICLE]

Republicans Responsible for Panic.

The needless and ill-considered financial legislation of the republicans did not produce its full effects until ’93, and in that year, said Mr. Gorman, the business depression became so general that the whole country seemed likely to become panic stricken. The business depression, dosing of factories, on the treasury reserve, etc., were enumerated at some length, a**d “these ” said the senator, “are some of the jexfcraoi-, dinary conditions of public affairs by which the democratic party was confronted when it came in£p> power." Jh) The long fight in the senate-over Sherman bill was a subject fn! |be speaker’s attention. He detailed the strugle and said for a long lime the democratic party was unjustly held responsible for a condition produced by tbo republicans, and for the delay wbioh was unavoidable. As we look upon it now, be said, the wonder is that the victory was achieved bo soou. The senator elaborately traced the leg-

islation resulting in the defeat of the McKinley lew and the enac - meut of a democratic tariff meass ure, under which more laboring men and mechanics have had their wages raised than ever before in the history of the country, and when business has resumed its normal Condition the new tariff law will prodooe revenue enough to support the government economically administered. —From report of Senator Gorman’s recent speech