New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-09-28
CHAIRMAN CARTER SPEAAS.
HE DISCUSSES Mr.. cLEvELAND'S LETTER

srow1sc HOW HE DoDGEs VITAL ISSUES AND
IS SILENT on GRAVE oUE-uoNs.
In roply to request from the Associated Press Ior
a statement of his views concerning MI. oie, ~
letter OF acceptance, Chairman O1r'ei' VI '"'
ucan National Committee. yesterday sad
al is rather difficult to figure out frolh Mr. |ie''
Lands letter OF acceptance precisely "haI Nv |
reves about anything. lie starts out by SAYING 'ia'
h. s more than ever confirmed in the belief that all he
things which he has heretofore believed are true anu
excellent suppose that nobody Will uoup' .i''
Clevelands regard for his opinions s'ili' Ill .'e
present situaiOn tne Republican party ihNine ""
clared plainly and explicitly In favor OF uhii'i' 90
devised as TO protect American industries while ras
sno th. revenues necessary 10 support the Govern
ment md the Democratic party having eApncluy
declared that such an arrangement OF lhe Iih Is ui
constitutional it would have been interesting 10 hho"
whether Mr. Cleveland agreed with the hepuoh'"h VI
Democratic theory. IT will be rememOereu oi"' III
1884 Mr. Cleveland ran for the Presidency, and was
elected on a platform which stated that tie pe"'o
cratic party simply desired TO reform the 'rii, anu
that in reforming It, they did not intend TO disturb eA
stipg industries. They said that they were aware Oh
the fact that many industries depended on protective
tariff and that all changes of existing law must lAAe
note of the interests Of the labor ana caPi'ai J."
volyed. This was of those characteristic Deho
cratic lodging planks, which was intended to meah
and did mean anything TO anybody. Mr.. Randan
stunned New York saying that 1t meant Protectloh'
Mr. Hurd stumped Ohio, saying that 1t meant frce
Trade; Mr.. Mills stumped Texas, saying that 1t was
exactly In line with the views OF tile s'areyed "ou
dess OF Reform. A.,
But the Democratic Convention of 1892, when this
identical plank WAS presented to 1t by its platform
committee overwhelmingly threw 1t out, ana by a
vote OF SAC to 342 the convention declared HSeI
tor Free Trade. pure and simple 10 nave resaiu
for any other purpose. it said In devsng tar" 'n
the one purpose of raising revenue was uhoonS''u
honal.
ain dealing with this plank, Mr. Cleveland has
wnsted I'm evident distress. lie what Che plank
MEANS but does not dare TO say so. instead TIC
SAYS he believes what he has always beheVeu' anu
that everybody knows what he has always believed
and that that ought to be enough. flnaIy' ne eaNS
the people cannot be frightened by the spectre OF
impossible Free Trade. which means, II II means
anything. that the people must have confidence IN
him and his party because they do not really mean
what they say and have not the courage OF their
convictions This Is certainly a curious ground on
which to appeal to intelligent people ior tneir
suffiages.
The Democratic Convention declared at chicago In
favor Of the repeal OF the ten per cent tax Oh State
bank issues This has excited the profound alarm vi
every believer In stable currency the country over
Those OF people who lived before the war VIII
remember the condition OF Congress and Affairs whcn
everybody was pernittcd 10 o,ait bank ana print
ton. Millions OIL millions Of more or less worthless
money foated around the country, nobody knowing
precisely what the bills he had in his pocket would be
received for the bank nor, indeed whether hey were
genuine or counterfeit People had TO go around armed
with bank detector. and before they received thelr
change at store where they made purchases they had
to pull out this book and go through q process OF
examination and reading with regard TO each plrcu
lar bill they received. These We're the days OF Wild
cat money, and they were ended when the RepuDHcah
party adopted its present fiscal policy ana BY the TAX
on State bank issues Substantially forbade tie puih5
out Of any money which not National money, and
for which the full faith and credit of the Government
were not pledged. To-day bank note issued in Texas
Is good In NewYork and nobody stops to inquire what
the condition Of the bank Is that issued H. Every
body knows the Treasury Of the United states holds
guarantse for the redemption Of that money and that
whether the bank OF issue suspends or continues buS
ness the note will be redeemed at hundred cents On
Q dollar.
concerning the startling proposition that this
ereat policy must abandoned. and that in order TO
increase the volume Of currency everybody must
be permitted make has own money. as much and as
often as he chooses, Mr.. Cleveland is silent. This
silence must be construed as an approval by Mr.
Cleveland OF the proposition TO rcsurrect that Wild
cat money The resurrection Of that rotten system
would result in ITS substitution for our present SUD-
stantAl financial system, in obedience TO the universal
law that cheap and bad money VIII DRIVE gOOd ana
Sound money out OF circulation. This proposition by
the Democrats party 10 bring about disorder In our
financial system Is most alarming indeed and IT Is
amazing 10 note that the Presidential candidate Of the
Democracy stands mute.
1.-The contamination Of the currency would entail
more and greater evil upon the country than any
possible arrangement dsarrangement Of tariff
schsdles would involve. Ii is historically true that
bad currency has done injury IN this world than
the wars that occurred between nations. There
be no nor pnol.hc s1gcce Of dlscoId among meh
than money w4ich constantly and rapidly changes in
value. Trader, can readily agree upon price OF
articles tut wnen they are called upon in addition
agree upon the value OF the money VITA winch balances
are TO be settled Il be readily perceived that the
extent OF disaster cannot be measured. DO not
mode OF Ike fifth volume OF Macauleys History Of
England description OF the misery, discOrd, wreck
cmrrency In that connection i think he measures the
disaster greater than any i'll whcA the country
ever became involved. He suggests that every stan
in the market place and every shop on the street and
every osAn ting room in the hand was transformed from
a place Of ordinary business methods into scene VI
brawls and difficulties about the vdue Of money
Offered and received.
mo patriotic citizen fail to view with grave
concern the possibility OF such an afiictoU being
people must view the candidate who platform
prop )slng &c pollute our currency and di'aITange
our business. ard does not think enough about the
subject 10 mention it.
aTne Republican party is fighting in this cam,
AmericaD labor. The Dem ,cratic party Is lighting
for Free padc Mr.. Cleveland lodges the issue. The
Republican party Is fighting III this campaign for
honest money dollars OF equal value, and that value
100 cents on the do Tar. The Democratic party IS
nssns paper sr' on 0N hs ' issue Mr. Cleveland
dent"
JOHN r. LYNCH REPLIES TO Mr.. STEVENSON.
Chicago Sept 27 @pecaD.-A large audience as
sembled In this city last night TO hear John
r. Lynch the colored orator, Of Mississippi. reply TO
Adla E. Stevenson the Force bill Mr. Lynch
ton