The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1892-10-27
DEMOCRACY DAY.
Congressman Russell of
Massachusetts, on the
Issues Of the
4 Day.
wild CAT' MONEY BUNCOMBE.
Woods Hall Crowded With
Enthusiastic Admirers of
Cleveland and Werts.
EXCHANGE PLACE BANNER
Flung to the Breeze with Cheers
and Salutes-Abbett and
Mcpherson Speak.

The observance of Democracy Day in
this city by the Hudson Democratic
Society drew to Woods Hall last evenin &
the largest political gathering that the
large hall has held this fall. Every seat
on the main floor and in The galleries was
occupied while the aisles and rear of the
room were SO thronged that one could
make his way through the crowd with
diskeulty. A number Of ladies oc-
ct,Fed seats IN the galleries. The hall
was beautifully decorated The rear of
the platform was draped in the national
colors while the galleries were hidden
from view by the coats of arms of the
various States and surrounded by grace
full fesIoons of the American aud other
flags. There was display of fireworks in
front of the hall and q band station ed
near the platform stirred up the enthus-
iasm with patriotic airs.
The enthusiasm throughout the meet
ing was intense. Every mention of the
names of Grover Cleveland and George
.. Werts was received with hearty cheers.
Mr.. Charles G. Black, President of the
Democratic Society, called the meeting to
order.
"Citizens of Jersey City and fellow mem
bers OF the Democratic Society" he said,
This meeting has been called as YOU all
know at the instance of the Hudson
Democratic Society. We have with us
tonight Two distinguished Democrats who
will eloquently set forth the principles OF
the Democracy of Grover Cleveland ana
George T. Werts."
At this point large crayon portrait of
Grover Cleveland was unveiled at the
back OF the stage. The large audience
cheered tumultuously while the band
played Hail to the Chief"
When this burst of enthusiasm mad
subsidized, Mr.. Black proceeded. "Let US
pause at the opening of our proceedings"
said he. ''and lay at the feet of the Presi-
dent of the United States tribute in this
hour of his grief
1.-The first speaker will be from the
commonwealth of Massachusetts, and
have the honor to introduce to the citi-
Gems OF Jersey City the Hon. John E.
Russell, of Massachusetts.
AS Mr.. Russell stepped forward he was
greeted with enthusiastic cheering and
the band played Columbia the Gem Of
the Ocean,"
MASSACHUSETTS PROGRESSIVE DEMOCRACY.
II feel great pleasure in addressing this
great audience OF voters of Jersey City,"
Mr.. Russell began, 81 come hero from
Massachusetts where / have been fight
ing the battles of Democracy for twenty
of from $4,000 to 5000 which made the
party unassaiable. / can be
spared from there tonight because we
have reduced that great majority to a
mere plurality, have twice elected a
Democratic Governor, and there is no
doubt that we will do so again and secure
majority of the congressman. So feel
free 10 go into other States and mingle
my work with that of those who are
laborlng Tor the success OF the Demo
cratic ticket. [Cheers and applause
Il am here to talk upon subject which
Is seldom discussed in New. jersey, You
all know that in the Chicago platform
there is q plank which recommends that
Congress shall abolish the ten per cent
tax on State currency.
This has been made the occasion of Sc
we're aninadversions on the part of the
Republicans, who accuse the Democrats
of desiring to substitute stub tall red
dog wild cat currency for that which
has been the reliance OF the peo-
pie for the past twenty-five
years. advise you to ask the speaker
] who makes such statement if he has
anything TO offer in lieu of that currency.
1t be is man like Chauncey Depew, with
his characteristic contempt for the intelli-
gence of MS audience, he will say that he
proposes to remain on the basis of the
present National Bank system, the cur
rency of the people. will quote to you
Sherman is an able statesman and one of
he best financiers in the Republican
party, but he turns his back on his
speeches and votes with his party.
SHERMAN'S PRoPHEsIEs.
Before The Republican Convention
last June John Sherman declared that
the National Bank system was coming to
an end by its own limitation, and that it
behOOved Congress to take measures to
supply the country with currency. The
currency of the State OF New Jersey was
founded on State laws. which are sound
and still existing.
st was an insult to New Jersey and
New England to tell them they did not
know how to bank and had not good
currency. New JERSEYS currency was as
/ coed as any known. New York aud New
England had the best currency in exist
ence. We are the only people deuied the
privilege OF banking. If we had wild
ca;' currency how did it happen that
when the United States had a currency
10 offer in place of it. they had to put
ten per cent. tax upon it? During the
stress of the war, The Government was
Obliged to supplant the State currency
with National Bank notes based on
United States bonds. The country
wanted a National Bank system
and no Democrat his raised his voice
against it. 1t is the best thing hat came
from the war except the abolition of
S4DfNt <AAeCt thC Wdi, Wfltlb utu tu6 ll6
publican party do? 1t proceeded to pay
off i he national debt and called upon the
same generation which had made sacri-
Gces to make further ones.
DESTROYS of raising more money for
the protection OF privileged classes, it is
paying off the debt so that 1t will be i'm
possible to issue national bank notes be-
cause there will be no government bonds
as basis for them.
John Shermsn declared that the
National Bank Currency had declined
e34 Goa, 900 to sl60, ,0O0,0 600, and what does
the Republican party propose to do
shout 1t? have ia my thin pocketbook
about 500 mostly in small bills. and only
Two OF those are National Bank notes,
The others ara silver certificate, Look at
yeur money when you go home. and see
II most OF your bills are not silver certfi-
oates.
CLEVELAND AGAINST Sill YER.
When Mr. Cleveland was In p wer he
recommended taf t,o rnf II Gil lxyar