Evening journal., 1889-11-02
DEMOCRATS MEET.
A Big Meeting at Brooklyn-G
IIiIl and Others Speak

nm and Others Speak.
BROOKLYN, Nov 2-The Academy OF
Music was crowded last evening at the Dem
ocratic ratification meeting. Thomas e.
Pearsall presided and speeches were made by
Governor Hill, Hon. Frank Rice and Mayor
Chaplin. A letter Of regret was read from
ex-President Grover Cleveland urging the
Democracy 10 guard against indifference
and inactivity because the campaign was
not momentous one.
In the course Of his speech Governor Hill
said:
I'm many respects the questions now are
those Of one year ago The Democrats be
lieve now, as they did then, not in free
trade, but in tariff reform. They believe
now. as they did then, that the government
has no right to levy more money than is
absolutely necessary for an economical adj
ministration OF affairs They believed then
and believe now that the best place for the
surplus money is not in government vaults
but In citizens pockets
"They believe that an overtiowing treasury
is menace to the government a standing
temptation TO congress TO make raids and
squander the money Of the people. In short
the Democracy stand now just where tho
party stood in the thickest Of the fight in
1888. 4 shall not attempt 70 explode the
silly cry TINT the Democratic party is in
favor Of free trade You and and every
sensible man knows its folly The Demo-
cratic party has been accused of interfering
In this tariff fight with the rights Of labor.
The Democratic party has been from its ex-
istence the friend Of labor We believe that
raw material should be admitted free OF duty
and that the necessaries Of life should be adj
mitted free Of duty These are the two
essential principles Of the Democratic party. y
The speaker saA1 ssew York was represented
al Washington by Republican senator's be-
cause Of lack Of a new enumeration which
was prevented BY Republican legislature.
LlYoly Times With the Cotton OH Trust.
NEw 4oRE, Nov 2.--Ihe annual meeting
of the stockholders Of the cotton oil trust
yesterday wasan exciting one Tho moment
the meeting was called 20 order a stockholder
demanded shat the trust agreement be read
Amid confusion Gen Thomas, who has been
busy tor the past few days defending the
trust and himself from attacks, opposed the
motion as uncalled for aud premature. The
motion was temporarily withdrawn, and the
trustees report was ordered 70 be filed. The
treasureY's report showed net earnings for
the fifteen months ended Aug 81 Of 81, ,655,-
fS5, against es,imated earnings Of s., 5OO, 900,
as published during the summer. The chair
man explained that the summer estimate
was made from figures available at tho time.
and that tho smaller sum now reported was
the result Of shrinlSage ia the value Of prod
ucis depreciation in properties etc. Gen
Thomas said the business was complicated
and the managers had made errors in judg-
ment The outlook was now better He
suggested the appointment Of a committee TO
consider the question Of turning the trust
into a corporation, and such a committee
was named TO report nextW ednesday. Messrs
Fairbanks and Kendall, whose terms as trus-
tees have expired, declined reelection, and
were succeeded By Nicholas Sheldon and q.
A. Morrison.