The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1886-07-15


ana the President regarded his pro
mise 70 observe the decl ration of the
platform as binding on his conscience
ana action as was his oath to support
the Constitution and maintain the laws
OF MS country. The President has
never lett the country in doubt as 10
how he construed that platform.
Masters OF finance had begun TO pre-.
pare for an hour of danger and the
collapse which they thought would be
inevitable. He knew three of the
greatest institutions in the city of New
YORK. he would not name them,
lest he should bring down upon
them the condemnation of less
cumulated more than SIS. 600 600
In gold as a preparation for the change
they thought was coming.
Warner-Did the change come?
Hewitt-It did not. thanks TO Grover
Cleveland AID the magnificent admins
tration OF the Treasury Department,
which has carried its fame all over the
world. In conclusion, he then summed
up his objections to the resolution:
Four months after its passage, the
country would be brought back to the
condition in which Il rad been on the
4th OF March, 1SSj, and gGld would be
Withdrawn rom circulation. The mo-
ment that occurred. millions of men
would lose their daily employment.
when demand would come for green
backs and 4 cg struggle for sound
currency would end IN the fiat-money.
OF course, when the country had passed
through the valley OF death, which once
II had Travelled with earsand lamenta-
ton, made wiser by suffering, taught by
IL
trace its steps to the basis of hoaest
money, money which the Democratic
party, from Jefferson's time to the
present, had insisted was the only
money for the people the best money,
money which measured all other
money. Gold was not too good
for orphans and widows, not too
good for the citizen who wished
that Justice should be es-
tablished and maintained in this land
forever. The policy of the admiuistra-
ton was to keep gold and silver married
Tor better or for worse, one as good Is
tue other, neither the better half of he
other; but when the time came that q
choice must be made uetween them, the
President of the United States would
adhere, as he had promised and sworn
TO do, to that STANDARD of value which
uEDLs lut NaAuG at
time the debts were contracted.
Weaver, of Iowa, said the only trouble
with the resolution was that it did not
20 far enough. 1t simply said in effect,
Come, let US set up SlO0,CO 900
for any emergency that may arise,
and pay the balance on our debt.
Could there be a more conservative
and reasonable proposition NADER He
contended that the bonds were not in
tended to be paid in gold only. and
charged that the bonds had shiTked
taxation for a quarter of a century.
Mr.. Randall. OF Pen sylvania. said
this was not silver question at all. 1t
was question whether We had money
in the Treasury undisposed of and
against which there is no legitimate
claim TO the extent OF $50, 600 600 or ST0,-
600, coo that might be used in hquida-
proposed under this resolution to do
just what il had done when it had re-
duced the public debt 81 200 OO0. coo;
just what was done when S44 so 900
was paid in on accoun. of the sinking
fund in the last fiscal year. He had no
hesitation in saying that IN his opinion
the greenbacks in the treasury to-day
were amply adequate for the lquida
ton of the debt to the full amount pro-
posed. He did not wish any gentleman
to confuse this question with the ap-
prehension which prevailed in the
mind of the gentleman from New York
{ Mr.. Hewitt.) This was q mere matter
of business.
PsysoR, of Illinois, said there was in
the United States Treasury a balances OF
SO, GOO, 600 for which there was confess
edly no use to-day. Every dollar OF il
the acquisition of the toll
and labor Of this country. Stand
subject to interest, that we might gay.
aud vet because there were fearful
and lugubrious app. chen
sions of what might perhaps come
about If a portion of this money IS used
the House was asked to simply stand
still and burn the candle at both enos.
Breckenridge, of Kentucky, expressed
the opinion that government had the
option Of paying the bonds IL gold or
silver. All that it would be necessary
10 do II the joint resolution should be
Enacted, would be TO change the secur-
ity OF the national banks. or course,
there would be some contraction OF The
currency, how much be (Mr. Breczen-
ridge) did not know. He believed
that gold and silver should
De kept tOEeLlers II possible. SnfS4
should not be driven out as one OF the
money metals Of the world, but it had
no part in his desire that the joint reso-
luton should be enacted into law, be
cause il was not true that 6 single dol
lar OF silver would, be required 10 carry
is provisions into effect. This govern
ment had no power 10 hold any more
money than was required 10 meet its
obligations. Let Congress rsr this
debt. Let it separate the question Of
taxation from the question of debt Let
il try TO get rid of all the arguments
that grow out of the public debt, so
that taxes mey be reduced TO
point where they would meet only
the expenses Of government, aid
strive TO defend the county from the
invasion of foreign foes. he hoped
that his children would all see the day
when no man had in his possession an
obligation written BY the United States
of America. (Applause.)
Mckinley, OF Ohio, said that his reso-
luton, coming as it did from the Dem
ocratic majority in one branch Of the
government, addressed to the Demo
c-asfc executive in control nj another