The Providence news. (Providence [R.I.]) 1891-1906, 1892-04-20

yhe conferFlng upon every one the Right
TO have 371 Ia grains OF pure silver now
worth 81 cents, coined and stamped Tree
Of charge by the Government into dollars
wnoh viii be full legal tsndeI en- d.St. - sse,i aed
obligations In the United States.
Under free coinage 90 soon as the public
confidence In the abb ity of the Govern
ment TO maintain the silver dollar on
parity with gold was shaken, the value
OF ths silver dollar would aePrecish,e nn .he
bullion contained In 1t. whenever
our currency reached the silver basis the
profit OF the silver owners In the inter.
change OF the silver bullion for our iegai
tender currency would cease and tnere
would % no longer be any indaCemens m;nts tn be bo
coined because the value OF the silver
dollar coined from IL and OF the legal
tender currency exchanged for II woulo
be fixed the price Of the bullion in a
silver dollar and would nuctuate with
the price Of silver bullion In the worid's
markets.
This disturbance Of our currency would
necessarily produce great financial string.
ency, force the immediate collection OF
debts, largely increase the rate OF interest
demoralize business, deprive LABOR OF
employment, produce widespread disaster
the credit of the Government.
A free coinage bill cannot become a law
during this Congress. The House may
pass such q measure but IL would not re-
ceive the votes of a majority OF the he-
publican Senate, and IL that were pos
sible, President Hsrrison's views upon
the subject are too we'll known to leave
the least room for doubt that he would
interpose the veto power TO save the
country from the business decentralization
and disaster which would result ITO q
free coinage. In neither branch couit. a
two-thirds vote be obtained TO pass the
bill over his veto.
have given you my personal views on
the subject OF free coinage. AS some OF
you know, Ii has been reported that 90
not represent the sentiments OF the peo-
pie of my state. II Is true that had the
temerity at the last Congress to Oppose
my voice and my vote in the United
States Senate against free coinage OF sill
yer when the convention OF my party IN
the state had declared in favor OF 1t. j
have great confidence in the good sense
OF the American people. Public opinion,
like the pendulum OF clock, swings
backward and forward, often from ons
extreme to the other. But when pub
lie measure has been thoroughly discussed
and the people have informed themselves
upon 1t they generally come out right
think that is already the case in regarG
10 tne suver question:
The next speaker was Hon. Theodor
Roosevelt, who was received with ap
plause.
Hon. Theodore Roosevelt.
Before beginning my regular speech ]
wish to say ole word on another subject
Any Civil Service Commissioners who, a.
in honor bound, zealously strives to up.
hold the law, is sure to find himself
hrnu m
the prominent leaders and associations
OF his own party. have never courted
such collisions, but have never shrunk
from them when forced upon me; and
have felt nothing but contempt for those
people who have asserted that was no
good party man because have seen to II,
as far as in me lay, that the classified civil
service was kept clear of politics, and
that Democrats and Republicans had pre-
cisely the same chance under the law.
II have yet one more possible fight with
some OF our own party leaders ahead OF
can reckon on the hearty help of the Mas
sachusetts Republican Club. Next fall
intend to do all that in me lies to pre-
vent the collection OF polit cal assess
ments, by no matter what party, II
Washington; and l intend publicly t.
attack and to interfere in every way wit
any person and any committee that ma
be engaged, directly or indirectly, y
ievying such assessments in violation
Jaw.
Mr.. Roosevelt spoke of the work of Re
publ can Congresses in laudatory man
ner and referred in terms OF praise to ex
speaker Reed and the reforms he inst
tuted. He touched on the administratio
)f President Harrison and the progres'
made by it, reviewing briefly the worA
or the country's good done by it.
Ex-speaker Reed.
Gas next introduced and the applause
which followed was deafening. Among
other things he said:
After q full discussion before the peo
ole Of the United States we passed tar n
bill. That tariff bill day by day has beer
growing in the favor OF the people. Zap
p!ause.1 Isn't it entitled to a chancef
Isn't it entitled to an opportunity? / dc
not find any fault with any man who
criticises the tariff II is not sacred fe-
Cish. It has errors. Those errors can b;
corrected. Bnt say to you that there IL
q wide margin between the corrections OF
errors and the revision of the tariff. ]
have seen two revisions OF the tariff and
every one of them had as many errors, al
though they were different ones, as the
preceding act, and the Democrats were
always the maddest over the last.1 Laugh
teri What this country needs, say, is
certainty for business men.
John L. Dodge, president OF the Repub-
lican club of Harvard, spoke on Harvard
men In politics.