Jasper County Democrat, Volume 9, Number 28, Rensselaer, Jasper County, 13 October 1906 — The High Tariff Panic. [ARTICLE]

The High Tariff Panic.

The McKinley high protective tariff law went Into force Oct. 6,1890, and continued in force until Aug. 27, 1894. What the Republicans speak of as the “panic of 1893” began in November, 1890. Harrison was president, and the Republicans were in control of the government. It was in 1892 that the groat Homestead lockout and slaughter occurred. Tens of thousands of men were out of employment everywhere. Banks suspended, business Ileuses failed, manufactories shut down and hard times settled upon the country. And it was all under the Republican McKinley law—the highest protective tariff law the country ever saw except the present Dingley law. Neither the Democratic party nor any Democratic law had the BllghteFt thing to do with bringing about the panic. It was a Republican calamity from start to finish.