Speech #540018455

Now the merchants and manufacturers begin to cry aloud. In 1894 the total liabilities of manufacturers who failed was $67.363.775. while in 1895 the liabilities were $73.920.073. an increase of $6.556.298. Even the railroads are beginning to feel the blighting curse. their gross earnings having decreased from 1893 to 1894 the sum of $142.331.275. Well may there be consternation among the manufacturers. for another foe now confronts themthe almost pauper labor of Japan and China. Add to the difference in cost of production the difference in exchange. by reason of these countries being on a silver basis. and there is a monster. Mr.