Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1892-02-04
MONEY"
The Subj Ct on Which Hon. Il. n. Heath
Spoke Lest EVsnins,
Under the Auspices of the Blaine Repuh.
lican Clab at Meenian Hall.

=
qGise number of lsdies. At MeoniAn Hall
lSs. evening to lissen to Hon. II. NJ. Heaih's
spet Cd on the subject Of Money, given uu-
der the susiicss Of the Blaine Republican
Club
DR.. J. +. Hill, the president Of the club.
introduced IS casirmAn Of the evening,
Hon. Ira II. Kendall. Ia Introducing the
speaker Of the evening MIR. Randall made $
te~ well chosen and witty remarks. He
said he was not = mt moer Of the club, but
he w.shed 10 bear the sut ject Of money
discussed sud tie spoke very highly of the
arrangement of series OF such Interesting
lectures, and he proposed thanks to the
club.
The speaker. MIR. Heath, ssid that he
was, ss all kue~, very busy msu, scarce
ly having iime 10 inform bimtclf on such
questions as he WAS called TO vote upon,
snd yet the president Of the club had act
uslIy butidozed him into speaking on this
suit iect. He did not feel equal TO instruct.
ins or oducsting the people OF Augusta IN
the matter Of poli'lcst questions; everyone
/ IN Augusta took to politics ss
naturally ss duck takes TO
waller. He eoud however speak restly
! The mst,r of the tariff, which bad been
! rp1ken upon so lnteligently at the prs vinu-
| lecture. was matter Of de,sil in the sy stem
, OF political economy OF government. Nov
| the question assigned for today is scsrcel,
| the quesuon Of the hour, but all rem, m
! heted She revolution that swept over tins
i l.
FOR this state of sdsir 10 disappear,
bu; todsy there are heard IN the West and
| the South similar muiterngs which thre ttt II
| 10 di-iutegrste the Rrruh 1csn party ss they
have the Democratic parry. II suppose
there has never been srother party with
| such sublime faculty for hlurderng as
the Democratic party, and now il ia hope
iessy divided ever question that
ouly short time sgl sppes,"d AS a cloud
| on the political horizon 10 b gger than y
mans hand To my mind underneath
those mutteriups there is demand from
the people for some kni Of a change for
eyenic up VIA, every msn who is thought
full knosS to be wrong. When q mac
can come into New York city and
Ia less than twenty years can
accumulate over one hundred millions
Nlhit shlHk rs WibHss w uth " lhtuEIHR
can give Of the labor Of HE muscles for
one ear ard at the end OF The year have
only his body left, they SAY here is some
wroUg vita our monetary system. Ii ia for
us a. Republicans to see what stand We
are TO take upon this question,
The speaker then took up step by step
the attitude of the Two parties, and ne said
there wers really hut two parties IN this
f. B. 4, o
m re thsn two. The Democratic pAtiy has
had On this money question as many
d tf,Tcnt ptsItiGns us you can find
IN baeh0sc pc. Up to 1860 they
had had been pro mincnily a hard
money party. In 1862 shen the R,pubii-
Can patty which has made the best history
IN the world WAS confronted with per-
lous condition, when gold and silver. coz
srds as they siways are had iled the cou,
Try, when csptsl skulked IN its boots, when
the state banks crashed in hopeless rum,
when 'hs gov rnnpu WAS without money,
Il en- came the q"stICn 10 the Ropupllcs party
what 20 do. The Republican party con
sderea the gues ion honestly and consc-
eniously. There WAS not line in the
constitution that seemed u empower the
government to Issue any money ssve gold
hib Hl'NFIs ~ sHNt tt' III tEEUt W ttil
money. No Une then believed thai meant
paper mOur y, Bu, the first
law oi na'Hrs is thst OF self
preservation Ihn Republican party In
this crisis, deciied to isaua paper money in
direct opposition TO the u mocratic party
Many Of us femcmb'r the sudden somer
O. nit OF the Democratic p4tty In 1863, after
tae VA had closed lhs party, that for e
found itself converted 10 soft none party,
wlth the prupc csiiIoh that the government PAY
off its obligations or notes With other notes
only that the latter would bear no in,eres
and the fret ones, or government,
bonds, did. The speaker then referred t
the Courageous attitude Of the X pub icsn
parry wis n iA 1875 after the terrible panic
and IN direct opposition ~ the Democratic
party 1t had the courage To apply the sur
geon's knife 10 the discase OF tbe cJuntry'-
finances by the resumption Of specie pay
msnts
If We glance al the record OF the Demt
cratic party IN m,ine for the psst ~
years we shall find nothing to say that,
good. PI,Y for the dead foroids any fui-
lher mention of the record OF the Dsmt-
craiC party IN this State. Bu
thtTb hft iNb hAtuHsh lliAt tlhJ ne urHtD II
their behalf FIRST they suffer from a cor
shiutional tendency to yet on the wrong De
of every important question. oIe year
ago II the Democratic party bad
IN this nation only common sense
enough to let well enough alone
they would almost have been unas.silsble
Bus the Democratic party heard these mu
tef,ngs and got in the wrong car. Second
1,
haven't the assurance TO ask the people 10
trust them in the government because ,her
grandfsthers vera rignt on this qIes ijn.
ihs Rspublag party has cha ged good
deki on this question in tte past 70 yesrs
The tendency Of the ket u onc an party is to
meet ,hs changing circumstances and
chs0gi0g conditions OF the times
IN such manner as they consider
npedfui. Mr.. Heath said he RENE emoered
Of saying 10 audiences in 1873 that this
government hsdn's tue power 10 issue paper
money except IN time Of war. That a.
the position If he Republican party Al that
time. But the supreme court got hold oi
that qItsgon aud d, Cidtd tnst tne govern
m-rt had the right to issue an,
KIND Of money. J. his set the people
to ibiBking sbd the it.t fscl that
laced mem Nss hss VIZ 1idht hEVe
money nDugh. Revoiu ion, move slowly
and the politIcsi crank Of today will be
right tomorrow Mr.. Heath spoke Of ite
Biaod siiver bill and vh.t was said sssinst
il at the nme i became ls~ aed
uos it come - he accepted
Much bss Dees sad of the dishonest ,1iver
dollar, worth about 10 cehrs, but re are all
gsd to lase it for q dollar A. d caL'G get
enough Of them. Gen Butler ssi once Of
the nIckle th.s It didn't c0Gs,In IN intrinsic
value onH iragaon If L ceaJ, yes 1t pssses
current TO- fise cen 1hs argument /,
1nsnswersbie. II 1890 We had both
braI ches OF ih- Royernms mt Kspub.ictn
rith every opportunity for rneeI1s ths de
msnds of the people and hs b lieved that not
fer any eGnsldsrsbie time Gao The people be
wrong On sBy que sticu. They demand
mGrs money 10 d. bustness with. No cou
Try can be prosperous ,hst fssiehs its CfedIs
on gold that can be taken from us by Auy
panic abroad as has been well II u.trstsc
IN the quantities OF gold that ws have re-
Gently shipped ~ England. IL would seem
as IL The people oush. to be satisfied with
the legislation Of 1890 but the
agitation had been kept up to a-king Tor
free cUIDsge. There ia great difference
between ,he free coinsgs OF silver And the
free coinage Of ihe present siIvsI
donsf. TIE speaker Thought that tins
demand for free cJiBsge would DC met.