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REPUBLICAN PANICS. A Plain Statement of the Truth. "Do you want a repetition of the Democratic panics that have marked the his tory of this country in recent years ?" This is a favorite question with the Republican orators and organs. The truth is that in recent years we haven't had any 'Democratic panics," and men who seek to make it appear that the panics we have had are Democratic panics" depend upon the forgetfulness of the men whom they seek to mislead. Now listen to this statement of solemn fact: DURING THE LAST THIRTY YEARS EVERY PANIC THAT HAS HAPPENED IN THE COUNTRY ORIGINATED UNDER REPUBLICAN RULE AND DEVELOPED UNDER REPUBLICAN LEGISLATION. During the month of September, 1869. we had the famous gold panic, which gave to history the infamous "Black Friday." The Republican party was in power at that time. During the month of September, 1873, we had the tremendous panic marked by the failure of Jay Cooke & Co. The Republican party was in power at that time. Now, let us look at the more recent panic which our Republican friends attribute to Democratic Administration and to Democratic legislation. They call this "the panic of 1893.' The record will show that this panic be. gan under a Republican Administration, and developed to its worst extent under Republican legislation and before Democratic legislation was in operation. Benjamin Harrison was inaugurated President. March 4th, 1889. The McKinley Tariff bill became a law October 6, 1890. November 11, 1890, the reports showed financial distress apparent in New York. The New York Clearing House Association voted its certificates to banks in need of assistance. The Boston Clearing House Association did the same thing November 17. Barker Brothers & Co., big bankers in Philadelphia, suspended at that time, with liabilities placed at five million dollars. November 19, 1890, there was a run on the Citizens' Savings Bank of New York, and a receiver was appointed for the North River Bank. November 22, 1890, the United Rolling Stock Company, of Chicago, assigned, with liabilities at $6,851,000. November 28, 1890, B. K. Jamieson & Co., the Philadelphia bankers, failed, with liabilities at two million dollars. December 6, 1890. the Oliver Iron and Steel Mills, of Pittsburg, shut down, discharging two thousand employees. On the same date the cotton firm of Myer & Co., of New Orleans, failed, with liabilities at two million dollars. January 3. 1891, the Scottdale Rolling Mills and Pike Works, and the Scharlotte Furnace and Coke Works, in Pennsylvania, failed throwing ten thousand em. ployees out of work. January 13, 1891, the America National Bank, at Kansas City, suspended with liabilities at $2,250,000. May 8, 1891, the Spring Garden Na tional Bank, at Philadelphia, closed its doors and the Penosylvania Safe Deposit and Trust Company made an assignment. The Homestead strike, and others,dur. ing 1892, are well remembered by the people. In May, 1893, S. V. White and others suspended in New York. The Chemical Bank in Chicago, and its branches, suspended. Other failures followed, and finally the famous ralds on the United States Treasury were made. Now, let us bear in mind that the socalled "panic of 1893" is designated as a "Democratic panic," because the Cleveland Administration issued bonds. But it has been shown that the panic ORIGINATED UNDER REPUBLICAN ADMINISTRATION AND DEVELOPEDUNDER REPUBLICAN LEG. ISLATION. It is a matter of record which no intelligent or honest man will deny that President Harrison's Administration had made preparations to issue bonds. Mr. Harrison's Secretary of the Treasury even went so far as to have the plates of these bonds made, but in order to avoid this stigma Mr. Harrison's Secretary of the Treasury finally warded off the bond