Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1893-09-04
-, &.

tkey Ask What not only can MOI BE- done, bat
what ~ assempe BY The government . Do
CO Eesnls IN Only DISASTROUS fAiinre.
For thaS section Of our country uhese
the debteR eiass Wishes . cheap e1Sfsae =
which 70 pay oG their deh&s-no, 1ce toDay
|snem, bus 70 discharge them By. neminat
bue really partial payment-I hase not -
mach respect. Bat still rsn have ~
charity % say that they only exhibit that de-
nee Of seiAshress which 10 TOO largely
found in ali mankind.
have spoksn Of Tie a1vocn1es OF -
free coinage Of silver Well, MI. Speaker,
The confess ia sqaasely between the9 and
the advocafes Of gold basis for however
strong = bimesAiisr you os mAy be. i ~
are not in favor Of the free coinage OF all
vef ~s are NOT in f4ror Of its coinage -
all, beyond 8 sufficient amount for sub
siiiary currercy, except in aOme way to
make il the equal OF gold to the holder OF
ii.
The Sherman Law really does NOT enter
into the contest We all believe II should
be repeslsd. The actual question of con
teution Is whether that isw shall be sup
planted By an set providing for the free
coinage Of silver in son,e shape, or shall II
be Internationally repealed.
Nov. I believe in bimstai!ic currency,
and because believe we shall soonest get
to il By al unconditional repeal OF the puf-
chasing clause of the sherman las, ! shall
sofe for the repeal II Ibis snail bring US
to a gold standard, then ~e shall have gold
enough TO do business, or no one VIII have
i. g
We shall get our share Of the money of
the world, whatever it be. whether sohi.
silver, or paper for xhen we eonsder our
vast and varied resources. AMI the cspaoil-
lty Of our people u pse.snee. We can, u We
shall legislate wisely, keep the baisnce OF
sra.se most always in our favor. and that
will give US oar share Of the money OF the
world, and more.
Then if il be found that there is no. suf'
ieient gold for circulating medium, the
stringeney i'll not be with Us 80 much a.
With others. and England, with the other
commercial nations. will be driven to agree
with Us upon some ratio of value between
gold AMI silver
Thst is - hat all bimetallists desire. For
the commercial nations of the world can as
easily Establish ratiD between the two
metals and maintain 1t as We do with our
subsidiary coin, aad this they will do when
they shall learn that they can not--sny
one Of theni--corner the gold Of the world,
and cannot DO business without more than
their share oft.
Indeed, it is because the balance of trade
has been against us-that, more than shy
thing else, has sent our gold abroad. The
gentleman from Nebraska Mr.. Bryan
saws il is not the Sherman law that has
4 Ia wi. ha s,S.n
recently selling our products abroad, anil
therefore, gold has begun TO come back to
US.
This is true, but is not good Democratic
doctrine. We have been all along taught
by our free-trsde Democracy that prosper
ity lies in buy ing more than we sell. II IL
. balance of imports over exports. winch
they have been crying out for, and which
they propose to legislate for so soon a. they
can get at our tariff laws.
The good sense of my friend from Ne
braska [ Mr.. Bryan got ahead OF his poiiti'
cal faith for once, at least. and he was
right. Indeed incline to believe, l have
so much faith in him personally, that he
will always be right when he forgets his
partisan fsllacies.
Mr.. Speaker, you and know that we are
best off when we produce and sell more
than we buy, when we earn more than we
expend. This is universally acknowledge
to be true of individuals. Then is it not
equally true of that aggregation of individ'
uals which makes a nation! Is not this
great people, as surely AZ any one Of them,
growing rich when the income from their
products and earnings is larger than thei'
expenditures; and is not that policy wises'
for US which enhances the one and dimin-
ishes the other.
have never looked with qualification
upon large importstions into our country
and small exports from it. But as it would
give me satisfaction to see my individual In
come increase and my expenditures grow
smaller, SO do | look upon large exports
from our country with smaller purchases by
our people from abroad.
The money of the world will go where II
is most needed. 1t will be most needed
where production is most abundant and the
largest purchases are made.
And how shall we stimulate our prodac'
ton to its utmost limit? We can do it only
by protecting the labor of our people by
wholesome laws from unrestricted competi.
ton with the products of the pauper labor
cept by protecting the industries in which
our working people are engaged and by
which they live. Applause on the Repuh-
lican side.
This the Republican party has done fos
the last thirty two years, and in that time
we have seen the nation grow in wealth AMI
power, 10 comforts of life for the people, in
progress in every desirable line as it had
never grown before, AS no other country
has grown since the dawn of history.
The gentleman from Nebraska says, Let
us apply the remedy to the disease"
heartily indorse his proposition. Indeed
unless we do apply the remedy to the dis
ease the patient will never be cured.
You may repeal the Sherman law and &c
do some good. very little good. You
may thus inspire confidence in those who
think the Sherman law the cause of our
trouble But the most diseased part will
not be reached by that remedy. Applause
on the Republican side.
Mr. Speaker, never in the history oil
mankind has people enjoyed Create
prosperity, with brighter promise of pros
perity in the future, than our people en-
loved the day before President Clevelan |
and Democratic House and Senate were
elected in November last. Every industry
in our country was in ahealthy and flourish
ing condition Our mills and factories were
all running on full time. Oar merchants
were having large orders for their goods
with sure and quick payments; our farmers
were getting good returns for their crops.
The mechanics hammer was heard in all
our cities AMI villages and towns making
improvements. The laborer WAS every
where getting full employment and reeeir-
ing larger remuner atoms for his toll than
ever before in this or any other country
Idleness was banished from our land, and
with it its consequent poverty. Only the
sick, the infants, the very old and the lazy
were unemployed. =
The Democratic party was elected to f"ll
power in ths. government for the first tim
in !Iiirty-twp Years, and paralysis of bus
ness in all departments hegan- II has since
continuoasl, increased, until thu entire
body, so strong, energetic, and active prior
to the last national election. lies FRUSTRATED
with malignant and almost, if not quite,
incursble mslady
And why should not this be sos Thst
party which thirtv-two years ago vent out
Of power in its eniesvor TO destroy the ma
ton has come back to full control of The
government. threatening to cripple or de-
stroy almost every industry IN the land.
Adopting as it's platform upon the tariff
question, the provision of the Confederate
constitution upon that subject, it resolved
as follows:
We denounce Il -rubean protf ction as a fraud
a robbery of the ,reat M jur ts IF the American
people for the benefit Of a few. We dfclsre it TO
be a fundamental PRINCIPE Of the Democratic
party that the general government has no cnn-ti-