The advocate., 1891-10-14
SELF sTULTKFTCATToN.

trated every industry, multiplied bust
ness failures and commercial losses,
involved the masses in debt and con-
centrated the wealth of the country
in few hands, has awakened the peO-
pie from their long stupor and called
forth q protest that cannot be ignored.
There have been men, who, during
these years, have recognized the per-
nicious character Of this policy and
have raised their voices against it.
They have spoken the truth concern
it, and have branded it with the in
fanny it deserves. Unfortunately for
their reputation for honesty, their
words are on record, and in their
present subserviency to the arbitrary
demands of party, they shall face the
truths which they have formerly
uttered. Senator Plumb is the latest
party slave to sacrifice his honor and
stultify himself at the dictation OF
those who in his own language have
controlled the financial policy of the
government for the last thirty years
and control it yet-the bond holders
and money lenders" We propose at
this time TO institute comparison of
his recent letter with his speeches in
the United States Senate and we pro-
pose to show moreover that he is
guilty of willful attempt at decep-
tion in relation to the facts concern
ing his former utterances. In his
letter recently published in the EN-
poris Republican respecting the
amount Of money he had declared to
be in circulation in the country, he
says:
AT the time made the speech under consider
alton, the currency had been contracted by the
Cleveland administration to the extent Of 5 per
cent. Of It's volume by the unnecessary and
wicked Withholding In the treasury Of money
which had been collected from the people In the
shape of taxes, and which the law Intended
should be paid out In discharge Of public debt;
arst, In order that interest might be saved, and
secondly, that the money should he returned as
quickly as possible to the channels Of trade. 1t
would be egOhstical for me to say that my
speech had anything to do with subseque 1t re.
suits In the way Of legislation, but the last Con-
gresS passed bill which not only provided for a
continued permanent addition to the volume Of
money outstanding Of about IS OOO, 900 per month,
but 1t also provides for the disbursement out Of
the treasury Of nearly S6O,OOO,OOO, before that
time held there for purpose deemed unneces-
sary. And In addition thereto, Mr.. Window, as
one Of the very first things he did after coming
into office, paid out over S60,OOO,OOO which the
Democratic administration had unnecessarily
boarded, and by reason Of his action and the
legislation spoken of, more than 800, ,0OO,O 900 was
almost Immediately added to the volume Of
money In the country, and the permanent
monthly increase which have referred to is
very considerably In excess Of the increase Of
population. The amount Of money per capita In
this country Is to-day larger than 1t ever was
before.
The following extract is submitted
from the speech which Mr.. Plumb
here refers to. Read it and see if
the impression he seeks to convey in
the above quotation, that the con-
traction OF which he was speaking
was that which had been effected
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