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About The Bend bulletin. (Bend, Or.) 1903-1931 | View Entire Issue (Oct. 30, 1912)
m - JU. -vnr r TAomtt. T1IK niCNW 11MJ.KTIN, MRNI), WKUNKHUAY, OCTOHKH, 0, 10IU. n I i! I 4 I'l I l LIGHT ON ANCIENT PANIC ARGUMENT History Demolishes Republican Claim That Democrats Make Hard Times. 1893 WAS UNDER HIGH TARiFF Every Panic Sine tha pivll War Hat Bn a Republican Panic Lessons From 1907 Upheaval. The enemies of Democracy are mak Ins their anticipated and regularly re , eurrlng bowl they re predicting hard times If Woodrow Wilson la elected president on a. Democratic tariff revl ion platform. The Republicans nre claiming all credit for present prosperity. A glance backward wilt bo worth while at this time. ETerr panic elnce the civil war oris- lasted and developed under Republlc an rule. Tho Republican campaign textbook of lOOi dorotcd much tpaco to the many business disaster occurring from July, ISM, to November. 18M, Intend ing the public to attribute them to tho Inauguration of President Get eland In March. 1693. But the Republicans fall to refer to the fact that tho Republic an tariff law was In force during mora than twelve of tho sixteen months of greatest business disasters. This fact must be remembered tho McKInley tariff bill becamo a law Oct 0, 1S0O, and the first Indications of tho 1893 panic were seen Nov. 11, 1S0O. scarcely more than thirty days after the Mc KInley law was passed, and tho panic reached 1U worso stage In 1803 and early In 1804, during which time the McKInley law was In full force. Millions Let Their Jobs. It may be recalled, too, that the panic of 1873 under Republican rule and In a period of twelve years of high tariff taxation, was most disastrous. It continued fire years, 3,000,000 work legmen were thrown out of employ ment and bankruptcy ran riot In 1890 tho McKInley high tariff bill was passed, and there were 10,073 fail ures, followed by 113SH in 1801. Tho tariff was raised to nearly CO per cent, but wages stood still or declined wbllo the cost of necessaries advanced. Tho most serious labor troubles in thehlstory of (ho United States havo , ovunml u imt r Republican high tarlu. Some Lessons From 1907, The Republican panic of 1007 fur nished another forceful refutation of tho Republican claim thnt Democratic ndintiil'tmtlon and linrd times, loner tariffs mill panics Imvo been coex isting. In 1007, In tho midst of prosperity, thousands of lending banks, with hun dred of millions on deposit, susimndtd wish payment. The troublo began ns n remit of a struggle between great New York financial Institutions fop bus iness. The New York Pott lu October, 1007, i said: Condemn Themselves. 'The certain and vIcntRcant thing la thnt It v 111 be known us a Republican and high tariff panic, Protest as Re publicans umy, they will be held re Fvontllile. Out of their own mouths the Republican party and the Dlugley ItM will s(an,d condemned. They fixed In 1800 the standard by which they cannot escape being Judged. In the party platform of thnt year they refer red to the panic of 1803. and the hard times following, squarely to charge up the eutlre accountability to the party In control of tho nntlouitl government, and the political Inference was stated with merciless logic: "'Kvery consideration of public safe ty and Individual Interest demands that the government be rescued from the bands of those who have shown them selves Incapable of conducting It "Now, what are tho Republicans go ing to do when tho Democrats hand them back their poisoned cballcel A great emergency has route and tho high tariff Is seen to be of no null whatever. It was to keep us ull rich and prosperous." "Hecauso the country has Just got over tho results of a Republican pautc the president and his friends arc urging us to pcrpetuato tho Republican admin istration," says the Philadelphia Rec ord. Butlnsts Depression. "As soon as business wan checked five years ago the steel corporation, which was encouraged by Mr. Roose velt to swallow the Tennessee con cern, then Its most formidable poten tial competitor, drew Its fires and threw about half its workmen out of employment Other Industries did much the same thing. There was an extensive stoppage of mills In Phila delphia. "The Republican candidate for con icress In the Kenstngton-Rlchmoud dis trict Is using the "soup bouses of 1893' is a means of scaring the wnge earners 'rum voting tho Democratic ticket Those soup bouse existed under the McKInley tariff. But there haro been more recent ones. After 1007 Ihire were soup bouses In tho Keustngtoii Rlchtnoud district, nud everybody who was charitably disposed was beggd for contributions to feed the people who were out of employment." THE WANAMAKER PROSPERITY PLEA Fallacies of His Argument Dis sected In Counter Ap peal to Merchants, FREE TRADE NOT PROPOSED, Panics Occur Without Regard to Tarlft Revision Business Men Directing the Wilton Campaign. To tho Merchants and Dullness. Men of tbo United States: Mr, John Wanamnkcr has Issued a "note of wanting" against tho "destruc tion of Industries" which bo aaya will follow tbo election of Woodrow Wilson. To hnrk back twenty years In Araer lean Industry Is to deal with ancient history. During this score of years American Industries have advanced so fnr lit competing power that n com parison even with 1800 Is ridiculous. In that year our exports of manufac tures were less than two huudrvd mil lions In annual value; today they n,r at the ntte of twrlro huudred millions, a gnln of 000 per cent. How Is disaster to come from the comitetltlon on our ground of those manufacturers with whom we nre suc cessfully connoting on their ground? It Is n poor tlmo to cry tfUtres when we are exerting steel iiiauufarture at the rato of n million dollars dally. During Mr. Cleveland's llrst admin Istratlon, 18S3 to 188U. there was no autc there wits only pronrlty. Hut Mr. Wanamnkcr forgets this. Mr. Har rison, a Republican, succeeded In 1809, serving till 1803. During this tlmo Mr Wanamnkcr himself was In Presi dent Harrison's cabinet, and It was then the conditions matured which re sulted In tho panic of 1893, four months after Mr. Cleveland took office the sec ond time. Mr. Wnnnmakrr quotes from various sources certain records of distress, but neglects to say that every one of them bears a date not less than six months beforo the tariff bill of ISM becamo a law and. as n matter of fact, before Its terms were known. The truth Is that neither a Repub lican administration nor u high tariff Is any protection ngalust iniuIcs, ami they occur, ns everybody knows, ex crpt Mr. Wnuamnker, quite without regard to tariff changes. Our very worst panics huvo occurred under Re publican administration. V In IPOS the Republican party In It pint form lUtlitrvd "iincijulvoenlly for tho revision of tho tariff," but this proiijUo, soon so recklesuly broken, had tin deterrent effect iimhi Improve ment In business conditions. It can not therefore Ih said that the mere threat of tariff revision causes dis tress, for there, wits no doubt In I00H not olily that tho tariff wns to lie re vised, but that It was to bo revised dowttwnrd. Ignoring the Present. Most Important, however. In Mr, Wannmnkcra letter Is his failure to refer to existing conditions, IIo prom ise nil sorts of disaster In n very general way, but tins nothing to say about current facts of Industry, Por example, It hna Ikhmi well known since I 1010 that the public demanded the I downward revision of tho tariff which Mr. Tuft promised and later denied. A Democratic liouso of rcprcseuta I tires was elected In 1010 on that spo- rial Issue. That house passed a aeries or. tftnrr measures, bo mo or mom over the presidents veto. Ou each of these measures a number of Progressive Re publicans voted with the Democrats. One of these bills reduced the duty on steel. Yet, although a revision of the steel schedule was nud la pcudlng. the ateel Industry baa revived, prices are advancing and, strangest of all, from Mr. Wanamaker'a point of view, large Investments are now being made In now steel plants. If the danger that Mr, Wanamakor foresees Is real how Is It that these In vestments proceed) How Is It that manufacturers all orer tho country are Increasing their plants! Mr, Wanamaker seetna Ignorant also of the nctual labor conditions. High w.tges are not necessarily n sign of prosperity. As Professor Fisher points out n century and a half ago laborers In Rhode Island received n wage of $10 dnlly, but It took four days' work to buy a pair of shoes. Nor are high wages) n result of tho protective tariff. The Ijtwrence strlko brought out this fnct vividly. There the textile innnu fnrturers bavo n very high protective tariff to favor thrrn. but tho wagra of their employers were shown to lie In defensibly low. A fair comparison Is that between Knglaml and Germany, both thickly populated, one having no protection and tho other high protec tion. How do wages stand In these countries today Those In Germany are 17 per cent lower than Kngllsh wages, ami not only so, but the cost of living In Germany Is 17 cr cent higher, so that the protected German workman cams tho smaller wnge and pays tho higher cost Free Trade Dogy, Is It not truly ridiculous for Mr Wanamaker to raise tho Iwgy of free trade) No party advocates that Mr. Wanamaker must know that tho Dem ocratic cotton and woolen bills are nut frre trade measures In any sense. Tho fact U that tho Republican r'st- ANNOUNCEMENT Mr. II, ! Todd, Vilm hits conducted n pliolournplilo studio In llio Cast for llin past intern )wtn,, tins taken u half Inter est Willi Mr. ('. (I, How on! In the business formerly known mm the Hcwitrd Hludlo, Mr, Todd Villi iletulo Ills entlro tllilo tu the studio pnrtntltiire, and Mrs, Todd will assist In fancy mnIiih and drapery work, Mr, (tenant wilt gltc especial attention to outdoor groups nud Kcncrnl touinien lal wotk. In future the bothies will lo conducted under the, name of the lil.ITi: HTI'IHO. (I. HICWAItn, it, j. Tonn, f " ! 1 II LAND BARGAIN Located 10 miles oust ot Hcntj on the Centrul Oregon Canal, fo I OFFER FOR Fenced und U 5 acres cleared, SALE 150 All irrigable. Small house. ACRES OF Price 81,000 cash. This land is IRRIGATED i(M.ntcd in Sections tt and . T. LANP 18 S K. E. Go look nt it. If you want it address Lock Hox 711, Columbus, Ohio. j Portraiture enlarg'ng and copying at tho 8owBrd 8tudo. r fVi I I I U PINII, CROOK COUNTY, OltK. PICTURE FEATURE SECURED. Three-rrel "Orleans Condi" Will J Hliown nt Hlnr Tliralre, Next Tuesday and Wednesda nights nt the Htnr Theatre a fin feature picture will be shown, Hi niBuaitanienl having secured tli special for election night. It Is inreo-rcei production. The scenm Is magnificent, and a largo num'x of people take part lit the play. niectlon returns will lm anuoutn ed nt the show both nights, spec! arrangements having boon made I socuru theso by wire from Portlatn Tho usual prices will prevail. In addition to this special fe.ttur picture, Win Htnr has Uioked olliei for the next few months, Am u those already arranged for are You l.lko It," with tha well know actress, Roso Coghlnti. playlitit lti. llnd, "The I .lo n Tamer's Rnvense In which 2u ferocious Huns appuiii "Cliiileralla," "Hip Van Winkle it, cr3r-ar-rrr-' --- w Ptw I! 4 ., .i 4f .. . B ., .. V'X ' ' T .. 1f't 1' ' ' T To i' ii in . . i ' f .in .in .in ..ii .ii' ..ii o.i ' " ' t i in LUMBER LATH SHINGLES 5 r THE BEND COMPANY 4 i T f 4 e 4 u ! !. t It.,... 4 Operates the Largest and Best Equipped Saw Mill and has The Largest Stock of Lumber in Central Oregon. We can mamifa&ure what you want, when you want it, and at the prices you want. Special Bill Stuff furnished at short notice. Your inquiries are invited, and will receive prompt attention. f t VS . r r . 'J i h The Bend Co m 0 a n v Bend, Oregon f m U9l A , i" i .I,., . S. f 4; f JTSJT1-- -- e see eee- eeeeeeeseeesee i? Hm Q'jr 'j.r va ,l, - - t. --- -- e -- .A. W II I U -- svs .e---- aal s---s-- ee.-eeee rTI eeeee..--!!