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History and Fiction. HISTORY. "During twenty four of the forty four years which have elapsed since the election of Lincoln, the republican party has held complete control of the Government. For eighteen years more of the forty four it has held partial control through the possession of one or two branches of the Government, while the democratic party during the same period has had complete control for only two years. "-Extract from the Democratic platform of 1904. FICTION. "A democratic tariff has always been followed by business reverses, a republican tariff by business prosperity."-Extract from the Republican platform of 1904. Since 1861, the democrats have controlled both houses of Congress but two years with a president in full sympathy with republican policies. Now it may be profitable to glance at the panic and business depressions which have occurred during these forty four years, forty two of which have been under republican rule. "I said in my haste, all men are liars;" now, had the Psalmist who said this in haste, been looking in upon the men who drafted the Chicago platform he might have said it in great deliberation and without qualifying words of, and to them. They were not in ignorance about the facts, but stated the falsehood to deceive those who are too young in years to know the truth, and whom the platform builders seek to mislead. That they may not "believe a lie to be damned," we will show that every panic that has occurred during the past thirty years originated under republican rule and under republican legislation. "Black Friday' and the famous gold panics occurred during Septemberj1869; Gen. Grant was president, all civil authority having been in republican hands since 1861. In 1873 the country was convulsed from center to circumference by a panic which in September was marked by the failure of Jay Cooke & Co. Hayes was president at the time. "The panic of 1893" commenced under the administration of President Harrison and developed fully under republican legislation and before democratic legislation was enacted and in operation. Cleveland was inaugurated March 4, 1893. The McKinley Bill was enacted in 1890 and was not superceded by the Wilson Bill till August 1894, after the panic had spent its force. November 11, 1900, one month after the McKinley Bill had become a law, financial distress was apparent in New York. The New York Clearing House and the Boston Clearing House Association voted their certificates to banks in need of assistance. Barker Bros., & Co., bankers in Philadelphia, suspended with liabilities of $5,000, 000. November 19, 1890, a receiver was appointed for the North River bank and a run on the Oitizens' Saving bank of New York, occurred. November 22, 1890, the United Rolling Stock Company, of Chicago, assigned with liabilities of $6,850,000. November 28, 1900, B. K. Jameson & Co., Philadelphia bankers, failed; liabilities $2,000,000. December 23, 1890, the Oliver Iron and Steel Mills, of Pittsburg, shut down discharging 2000 employees. The cotton firm of Myer & Co., of New Orleans, on the same date, failed with liabilities of $2,000,000. The Scott-Dale Rolling Mills and the Charlotte Furnace and Coke Works in Pennsylvania closed January 3, 1901, throwing 10,000 employees out of work. The American National Bank of Kansas City suspended January 18, 1891, with liabilities of $2,250,000. It will be remembered that the McKinley Bill became a law October 6, 1900, and all of these disastrous failures occurred during the first three months after it went into effect. How is this for "business prosperity" following in the wake of "a republican tariff?" The Spring Garden National Bank closed its doors and the Pennsylvania Safe Deposit and Trust Company, of Philadelphia, made an assignment May 8, 1891. The Homestead strike in 1892, the most disastrous in the history of the country, occurred under the McKinley law and with every department of the government under republican control. The failures, the strikes and the lockouts under the Dingley law we must defer for a future article.