Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1890-11-01
STEWART ON FHI STUMP.
a PLkAsANT AND CORDIAL
uECEpTTOM-

- ~
Free Coinage rmprassacable :
fer senator Stewart.
The usual compliment OF bonfres
and fireworks last Monday evening
denoted that the appointed hour for
Senator VIM. M. Stewart to talk on
the political issues was at hand, and
the Eureka Star Band led the way to
the Opera House, which was soon
filled with q fair representation Of Eu-
reka's citizens. Mr.. Wren, as Chair
man Of the Republican County Central
Committee opened the meeting and
introduced the Senator, who immedi-
ately started of in an easy and grace
full I'M in a few words expressing
his satisfaction with the cordial well
come that attended his reception. He
said that the last National Legislature
had passed a great number Of bills,
and the most Of them were Of q Ma
tional character, but the most import
ant to rs were those of silver and
lead. Lead had been as high before
silver-lead came in free as it is now,
and the tariff had been neutralized,
and we might as well have no tariff at
all on lead. We produce q large
amount Of borax, but the tariff on
that product had also been neutralized.
They say the Democrats are entitled
to the credit for silver legislation. On
the lead tariff Democrats voted all
against it, and the Republicans all for
it. The Democrats all wanted free |
wool and every Republican wanted a
tariff. Borax the same. The reason
for the need Of silver legislation was
that there had been q conspiracy to
demonetize silver. The goldbugs of
the country managed to make the peo-
pie believed that gold had the only in
triusic value. All money is fiat money;
there is no intrinsic value to 1t. The
value Of money depends on the
quantity there is of it. Men in Eu-
rope, who held u. s. bonds, wanted
to make money out OF them. Silver
was demonetized, and all obligations
had to be paid in gold. Italy and
other European countries were bid
ding for gold, and the metal was also
extensively used in the arts and
manufactures. All OF these things
held up the price of gold and increased
the value of the bonds which were
payable in gold. European capitalists
came here and dealt in bonds because
there was money in them. The
bankers, brokers, importers and
syndicates form New York City; they
control the press, put editors trained
by education in finance on the papers,
and the papers are controlled by these
influences. The Democrats were
thing. Manning went in with Cleve-
land to stop the silver agitation, con-
tracted to put this Democratic party
into power and 80 control the market.
Cleveland was an honest man but he
relied on the moneyed powers and be-
lieved what they told him about silver.
The coinage of silver was to be stop
ped and the Bland Act dropped.
Silver in 1885 dropped to 81 10. The
Democrats had one solid, sound silver
man-Beck of Kentucky Cheers.
He was absolutely solid. He (Stewart)
had agreed with him to push silver
legislation.
ThE BECK AMENDMENT
Requiring silver to take the place OF
Government bonds, and the bill passed
the 2anofa hu % ~ 10 vofaa II mani |
to the House. Cleveland said he
would not sign it, and it was sent
back to the Committee on Ways and
Means. To show how helpless the
Democratic party are: The South
gave it away +; they we're nominally for
silver, but they wanted Cleveland and
free trade. The Democrats have to do
what New York tells them. The
Democrats bowed their heads to gold
bugs by nominating Cleveland. Mr..
Stewart said that single-handed he
had demanded a silver plank in the
Republican platform and wanted the
trainers to do as he wrote. The
Democrats went back on the silver
plank. Window did not understand
the silver question. We dared not
trust the holders of all monetary circu-
lation to the Secretary of the Treasury;
so We made the demand for silver to
come out as none and determined
the amount coined should be four and
q half millions. Mr.. Stewart con-
tinued:
THE BILL PROPOSED
BY my colleague was not as good as the
present Q (The Sherman Compro-
mise.) The President although for
silver believed there were mountains
Of silver. We talked about it. TEL
Ter, Jones and / met Harrison every
day and talked about silver. The Sem
ate Free Coinage bill did not con-
template free coinage; it merely
meant that notes should be redeemed
by bullion. New York Democrats
voted against it and defeated it. We
got the Western States in and be-
came strong. We were fond Of the
tariff bill, but we said all tariff legisla-
ton must stop until the Silver bill was
brought up.
Mr.. Stewart gave credit to his col
league for his industry and force in
managing the silver question. an
Mr.. Stewart said: "Eor change, |
l only want subsidiary coinage. l
want silver in bars piled up in the
Treasury. Free coinage is impracti-
cable. 1t is all nonsense and men
| are dishonest who want it. We want
| the unlimited use of silver. This
| fisherman COMPROMISED bill gives us
| what we want. Why, silver had the
same purchasing power when low as
| when high; it bought as much wheat