Morning journal and courier., 1891-03-03
THE JUDGE ON SILVER.
Lecture Last Evening Before the
Prohibition Cuban Extract of His

Lecture Last Evening Before the |
Prohibition Cuban Extract of His |
Remarks. |
Judge Sheldon lectured before the Pro-
hibition club last evening in the court of
common pleas court room. The following
is an extract:
In June, 1886, meeting of the British
and Colonial chambers of commerce was
held in London. At that meeting Sir Rob
ert N. Fowler, M. P, man of great
wealth, banker and an ex-mayor of Lon
don, made an address in which he congrat-
ulated all that 'tthe effect of the deprecia-
ton of silver must finally be tho ruin of
the wheat and the cotton industries of
America, and be the development of India
as the chief wheat and cotton exporter of
the world"
He might we'll have added that it would
enable the British consumers of the
products of the United States raised and
sold to them in competition with similar
products grown in India to compel the
American farmers and planters to lose the
amount of the Alabama claims ten times
over every year in the price of those
products. And that what Mr.. Mongredien
in 1880 was unable to do with his free
trade tracts scattered like snowfakes in a
December storm among the farmers of the
west, the silver question would do in
1892-it would permanently ALLEVIATE and
estrange the farmers of the west from the
manufacturers of the east and be the be-
ginning of that downfall of the republican
party and the policy of protection for
which they had all so long and SO ardently
hoped and worked.
He might have added that it would final
ly reduce the price of all property in the
United States to such an extent that their
American bonds and all debts and time
contracts would represent twice as much
property as-twice as many days work as
they represented when those bonds and
debts and time contracts were made and
were issued, and 80 enable syndicates of
British capitalists at last to buy that prop
| erty up right and left at one-half its real
value. He might have added that what
Mr.. Hazards circular had promised in the
| beginning of the war of the rebellion
| would at last be made good-that a more
| profitable slavery of labor to capital should
| supplant the chattel slavery of the states.
He might have added what Mr..
Brice in his great work ''The Amer
| lean Commonwealth" had set forth with
great vigor and point in regard to our f.
nancial exploits of the past fifteen years,
that America could afford to make such
financial errors as would be fatal to any
nation in western Europe-"that any ma
! ton governed as America is, by its average
intelligence, must be overwhelmed and
be defeated at last in the warfare
of trade by another nation of
equal resources under the control and
guidance of its most capable minds" Re-
lying upon this state of facts and ANNA
ted by these cheerful hopes Mr.. Ernest
Lloyd, the agent of British capitalist for
British purposes and by British methods,
precipitated upon us the silver question in
| 1878.
| All we ask now is that that old law,
precisely as it stood when it came from
the hand of Hamilton, approved by Jeffer-
son and inaugurated by Washington in the
organization of the mint, and which re-
NAMED unchanged through all time down
to 1873, shall be rewritten upon the statute
books of this nation.
| We ask for no new experiments in
inance-we ask for no new tangled ways
of managing business. We do ask
that the plumber of the agricultural states
for the primary benefit of British con-
sumers of their products shall cease. We
ask that protection from an illegitimate
competition which the manufacturers
| justly ask and have gained shall be also
| extended to those planters and farmers
| who have been SO greatly injured by the
| false and tricky competition of India
made possible by the repeal of this law in
| 1878.