Democratic Sentinel, Volume 20, Number 25, Rensselaer, Jasper County, 26 June 1896 — Benefits of McKinleyism. [ARTICLE]

Benefits of McKinleyism.

The Kansas City Times disposes of the law that made McKinley as follows: The results of the McKinley bill, stated in brief, from the date of its passage in 1890 to August 28, 1894, when it was repealed, were as follows: 1. Undei its provisions prohibiting competition, over 100 trusts were organized, covering nearly all the necessaries and comforts of hfd, including food, clothing, lumber, nails, agricultural implements, glass, coffins, coal, iron, steel, cotton ties, eto. 2. Although the McKinley net increased the average rate ox protection to the manufacturers about 25 per oent. there was not a single raise of wages in a protected ins dustry after its passage nor until its repeal. 3. From the passage of the McKinley act in 1890, up to Novems ter, 1892, there were over 1,200 shutdowns, lockouts and strikes in the industries “protected” bv its tariff rates. Vrnong these wns the ‘‘culminating atrocity of McKin„ leyism,” the Homestead strike, in which thousandsof American wage tnruers were turned out to starve and, when they resisted, shot down by Pinkerton’R constabulary.

4. The McKinlev act caused a steady falling off in the revenu-s of the government from over one hundred millions of surplus left A the Cleveland administration in 18h2 to a deficit in the last fiscal year of itßOppration from .June3o, 1n93, to June 30, 1894, amounting to $72,000,000. 5. The disinterested and best posted political economists of the country, Republican as well as Dtmocratic, declared thai the McKinley act divided the honors with the Sherman purchasing act of causing the terrific panic of 1893, from the effects of which the country is even now slowly recovering. 6. Under the operation of the McKinley act the prices of cloth* ing and nearly all the necessaries ot life were raised so high as to be in many cases entirely out of the reach of a wo.kingmanand his family ;and such a thing as a wholesome, healthful woolen suit of clothes, or woolen dress became a rarity among persons of ordinary means.