Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1892-03-17
MR.. BAYARD'S SILVER TALK.



Baltimore Sun of Tuesday.
In an interview to be found elsewhere
in this mornings Sun ex-Secretary Bayard
gives eloquent warning to the Democracy
of the serious dangers to the party and the
country, which, as the SUI has so fire.
quently urged, are involved in the pro-
posed silver legislation; There is no pub
voice of authority on this subject than is
Mr.. Bayard. As chairman of the Senate
finance committee and one of the recog-
nized champions in Congress for years of
q sound and stable currency he brings to
the consideration of the question the
weight of long experience and thought,
and of reputation for fearless candor and
| integrity which has never been assailed.
| In the present crisis of the party, brought
about mainly by the mischievous free
coinage agitation the voice of such man
is not to lightly needed. 1t is the voice of |
patriotism, of matured wisdom and of an
honest sense Of public duty. He does not |
| hesitate to tell his party for his party's |
| good of the disasters it is counting by SEEM |
ing to listen to the selfish and insincere |
counsels of men who seek TO use 1t for the |
accomplishment of their own personal |
ends. His courageous utterances in such |
| gratifying contrast with the hating and |
| doubtful advise of certain so-called leaders, |
serve to emphasize the assertions of the |
Sun as to the gravity Of the existing situa- |
| ton.
| The attitude of the free coinage Demo- |
| Gratis Mr.. Bayard shows, has not even the |
merit of originality. The policy they advo- |
cate is simply borrowed from the Republic |
cans. II the latter had raked over the dust
heap of their discredited fallacies, they
could not have selected an issue" to be
passed over to their opponents which would
have had more demoralizing effect II
not exaggeration to say that the practical
nffn hoe, go 1, No.
ganization on its beam ends. There seems
to be the very poetry Of injustice in the Re
publican party-the father and author of
all our lapses into false principles of
finance-now assuming the role of pro-
tector against the very evils into which its
counsels and its measures have led the
American people. The legislation which
has brought us, step by step, knee deep
into silver coinage and worse even, into
| silver paper money, until we are now the
compulsory purchasers of the whole out
put of the silver mine owners at the top
knotch of the Market is the connection,
pure and simple, of Republican catcuses
and bargains and intrigues, all having but
one obiect-to keep little longer the Re-
publican party In CONTROL Yet Democratic
statesmen" hasten to pick up the hot
poker just when it has become too hot for
the inventors to retain it any longer iii
their grasp.
While assigning to the Republican party
its full share of responsibility for en-
cnuragng and developing the silver delu-
sion, Mr.. Bayard does not eyade the issue
as it affects the Democracy On the con
trary, he dwells with great force and
urgency upon the dangerous position
which the party has been made to occupy
before the country by the demagogues and
l fanatics who have forced free coinage to
the front to the neglect of the one vital
= principle of tariff revision, upon which the
Democracy was thoroughly united. He
: shows that the fallacious doctrine which is
! sought to be imposed upon Democrats is in
> conflict with the cherished traditions of
their party, whose financial creed has al
:. ways embraced honest money as one of its
Y cardinal tenets 1t is the sheerest folly for
= any body OF men to attempt to create an
y artificial standard of values, and the effort
y of Congress to accomplish this under the
i guise of free coinage cannot fail to unsettle
" business and injure the very men whom it
y is sought to benelit--if we accept the pro-
T. fessions OF the silver men us sincere. The
70 laboring man, the farmer, the mechanic
= would be the first to feel the injurious
effects of a deprecated currency, and
- cheaper" money, as Mr.. Bayard says,
Z would only make the poor man poorer
q and diminish the purchasing power of
y every one of his hard-earned dollars. Mr..
" Bayards protest, therefore, is protest not
y IN the interest of the moneyed classes. but
- best interest he has always shown himself
7 of the brave and earnest defender.
-, Philadelphia North American, Rep.
y The warning of ex-Secretary Bayard ad
~ dressed to his party in Congress is what
x might be expected from so conservative
m and serious a public man. 1t is replet,
h. with excellent advice and sound views oil
ia finance, neither Of which has ever beer
lv popular with Mr. Bayard's party. w,
~ could have wished fewer Of those littl,
st Alterations concerning the Democratic
of past and the Democratic purpose but OF
of the whole Mr.. Bayard has done we'll II,
nd would have done better had he timed hi
warning TO antedate the advent OF a FREE
coinage bill, though the warming nigh
not have been needed. 1t is perhaps wei
enough for Mr.. Bayard TO bring the fore
of tradition to bear upon his party leaders
r. but in point Of fact the policy Of the part,
as respects finance is as sound at this tim
nv as it ever has been, The party has neve
IL produced any great iinanciers and place
~ them in the lead, and il has been true to
90 narrow view Of finance from jackson
IL down to the present time.
ms CONTRAST THE TWO.
mt Philadelphia Record, Ind
to Contrast the yrilc letter of Thomas +
he Bayard to his fellow Democrats of tn
he United States with the vapid stun
en-. speeches which Senator Hill is making /
ore difference between craftsmanship an
ent what sometimes passes for statesmanshit
he and there is hardly better way to mea
led ure 1t than to set side by side them froI
m New York and the man from Delaware.
i ,as IT REMAINS TO BE SEEN.
an Baltimore American, Rep.
Ills Senator Bayards warning to his part
res comes too late. The party has gone t.
me far with its silver falicies TO be either alb
in or willing to turn back.
lys TUE REMEDY WILL NOT ANSWER.
Philadelphia Evening Telegraph. KEEP
hes What he suggests as practical resort
~ the advocacy Of the bimetallic standai
~, and a demand for an international mon
- tary conference With all due respect
Icy, Mr.. Bayard, it must be said the chanc
IL are thar his proposed remedies will not
~ at all The International conference su
III gested has been worked for all il is wort
al and has been pretty much abandoned
IA, the out-and-ont silver men. They kno
IIea more about the probable results Of an
ternatonal conference movement Iii;
IN Mr.. Bayard does and it is reasonably 50
NJ to say they would laugh al any oycrtur
ar, from the Democracy based on that sugg,
nan ton. II is not grateful office to Il
i att courage such an earnest and sincere eff
,'nJ as the eXsecretary has put forth to prove
~, a lamentablG disruption in the ranks of !
,ed. party, but If the conservatives have not
,a,, ing more utlieaciaus than an information
IL conference to offer the frcc-silver tactic
AAs | TIM QanCaSSipr MIGHT no wall ha with h n