Washington, Nov. 14.
There were many analogies between actual and political warfare brought out in the elections last week, not the least striking among them being the claim to victory made by both sides. Members of the Osbinet and other Democratic leaders express the greatest satisfaction with the result, the Secretary of the Treasury even going 60 far as to describe it asa "glorious" victory, and the Postmaster General og an "overwhelming" one. And yet the Democratic majority in the House of Representatives was reduced from 141 to 31, and some of the most notable victories of recent years were gained by the yet had its promised effect on the cost of living, there are at least a quarter of a million who have been thrown out of work as the result, direct or indirect, of the persistent war Congress has been waging against Capital and of the economies put into effect by the various railway companies on account of the irksome restrictions imposed upon them by the Interstate Commerce Commission. Hundreds of trains have been discontinued and thousands upon thousands of employes have been discharged by the Pennsylvania, Baltimore aad Ohio and other railway companies in the effort to keep down the cost of operation in the face of higher wages, higher cost of materials and increased expenses generally. The reconstruction of the banking and currency system of the country, and the delay in putting the new law into effect, have also had an unfavourable effect upon business. To crown all, the war in Europe has greatly curtailed the export Republicans in New York, Pennsyltrade and affected, to an extent mania, Ohio and other States. In entirely without precedent, the New York Mr. O. 8. Whitman, the mechanism of exchange. For one Republican candidate for Governor, of the largest cotton crops ever wae elected by 8 majority of produced—a crop that should have 190,000; in Pennsylvania Senator been worth s thousand million dol-Penrose triumphed over the com-lars—there ie no market, and the bined opposition of Democrats and financial problem confronting the Progressives and carried the State South is one of the gravest charac-
Text read from the printed page and cleaned; old type leaves the occasional error.