Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1889-01-25
REAGAN ON SUGAR.
Extracts From Senator Reagan's Speech on the
Sugar Schedule Of the Tariff
Bill.
Corresponaence oil ga Gazette.

Correspondence of the Gazette.
WASHINGTON, Jan. 20-The following
extracts from Senator Reagan 5 speech
on the sugar schedule of the senate tariff
bill embrace the salient portions of his
remarks, which viii be perused with in
terest by the readers of THE GAZETTE:
Mr.. President, for seventy years in the
history of this government the American
people presented a spectacle to which the
world was unused, of brave, earnest,
honest, freemen, patriotic in the broad
est and n0blest sense, seeking to promote
the general welfare OF all, and deny
ing special privileges or advantages TO
any. 4 sense of justice pervaded the
lower strata Of communities as well as
the higher officials, sense of patriotism
and pride in the welfare Of all animated
the whole people. Now, sir, after TWEEN
ty-odd years of Republican rule under
the policy of governing by money and
corporations, what is the condition of the
popular mind? It is feeling of appre-
hension, a remembrance of injustice done
and fear Of wrongs to come which takes
away from men that broad patriotism
and love of country which would come
naturally to people under a just and
impartial government
When fifty years ago Mr.. GiTard, by
accidental good fortune, had become the
possessor of fortune of So 900 600, it
was thought to be the wonder of man.
kinda fortune whith came to him not
strictly in the legitimate pursuit of any
regular business, but because being the
owner IF Chi1ag the Taapr1a of Cor, Dor,,iy7 rro
and Hayti who were being massacred
placed their valuables on his ships and
did not live TO cali for them But he
was guilty OF no crime IN plundering the
people to make his fortune So it went
on until twenty years ago. The wealth
Of this country was more equally
distributed among the people than
in any other country beneath the
sun. The fruits of that wealth were
more universally enjoyed than by any
other people known TO us in ancient or
modern times by proud, upright,
patriotic, brave, honest American citi-
Zens, enjoying the blessings OF the best
government that had ever been given to
man. How is it now? Under Il system
of laws comforting bounties upon corpora
tions and privileges TO banks and by
financial management in favor of the
interests of bondholders and bankers by
the Republican party, we have built up
men 5 fortunes by the ten and hundred
million We do not become astOnished
to hear now that a man 5 fortune is
worth a hundred or two hundred million
dollars.
Mr.. Plumb-In that line does the SEN
ator find in his recollection, and if not
viii refresh it and recall it, some Demo-
cratic favoritism towards national banks
somewhat recently exercised?
Mr.. Reagan 90 not remember what
the senator refers to.
Mr.. Plumb refer to the deposit of
about $50 900 900 of his money and mine
and money of the people of the United
States in national banks without interest
by this administration
Mr. Reagan-The senator perhaps
chooses to attempt to divert me, and l
will answer him if / can There is Il very
good answer for that, but do not choose
to be turned off just now; and I do not
admire the policy of attempting at every
effective point to try to turn an argument
off by a question [ am dwelling upon
the condition of this country, upon the
character, the hopes and the prospects of
the American people, and upon the fact
that under system Of legislation which
tunes Of few men and of many corpora
tons, the great body Of the American
people are becoming poorer and poorer,
and this day more than One-half Of the
American people are unable to secure to
themselves the ordinary comforts Of life
aud to meet all the obligations which are
imposed upon them by their duties to
their families and to society.
If the senator can find any Democratic
party, or any Democratic office holder,
or citizen who has favored these policies,
join him in denouncing that party and
that man with as much vigOr as he dares
TO use. l am not here to justify wrong
by any one, if wrong has been perpe-
trated, but to try to point out the evils Of
this sort Of class legislation for enrichiug
The few ut the expense of the many: for
degrading the character of the American
ana making him poor depend
ent, a mental at the foot Of power and of !
money.
Mr.. President, the senator asks me if
Democratic administration has not loaned
$50 900 900 without interest I might
add that money to very considerable !
amount. not SEQ 900 600, was so loaned,
and It was loaned in pursuance of policy !
that had been adopted by previous Re |
the senator thinks was all right 1t was |
loaned because there seemed TO be an |
danger of a financial crisis
The holders Of bonds run them up until it i
was impossible to buy them without pay |
inc eXorbitant premiums. The banks |
had retired portion of their circulation. !
The president ana secretary of the treas |
ury, il seems, conceived the idea that it |
was better that this money should go into |
the hands of the banks, where it could |
reach the people and ward off the danger |
Of a financial crisis, than that it should |
remain in the treasury, where it would !
draw no interest and where it was doing |
nobody any good.
What objection has the senator to that? |
Does he think it would have been better |
for the country to retain that money in |
the treasury, where it was drawing no |
interest, than 10 have loaned it to the |
banks, where il drew no interest, but |
where it went into the circulation to stave |
of the possibility Of financial disaster |
and to aid in the business operations of |
the country and give the reward Of labor? |
Mr.. Plumb rose.