Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1893-08-26
HILLS FOR SILVER
Position Of the New York Sena-
tor Plainly Stated.
SOLID FOR FIAT AND FREE COINAGE.

But Would Wait for International Agree
mountaineering Explanation of the
Cause Of the Depression-John Bull and
the GoldhuSs Hauled over the Goals
Springer and Burrows Speak in the
House-Buzksaw Pence and Bynum
WASHINGTON, Aug. 26-Da-id Bennett
Hill enator from New York. has in the
past year or so made several speeches on
the financial question: each time he mas
been questioned later as Il what his views
on silver were, and has referred his ques-
toner 10 hi speech. II votes in the Fiji
ty-seccEd congress had free coinage lean
ing, but in spite of his speeches and lis
votes nobody knew just where Dave"
Hill was at on the silver question. They
know now. This uncertainty and the
fame of the senatoras politician gave
him a crowded gallery and a full and at
tentive floor when he made his first ex-
tended spec, Ia in the Fifty third congress
yesterday.
Evidently Doesn't Love Grover.
1t is seldom that a senator expresses his
antagonism to the president elected by his
own party as plainly as Hill did. He de-
clared that his vote would not be infiu-
enced by tie president; that what were
the views of the administration were of
no consequence to him; that the president.
II he deserted "bimetallism,n could not
rely upon support from him or from Dem
ocratic senator's and wouid hive to RELY
upon the votes of Republican senators:
intimated that political patronage would
not modify his views. and whenever be
had occasion 10 refer 10 President Cleve-
land did so in manner that at the least
was not at all lovcrlike
HilI's Three Causes of the Trouble.
There were three causes of the present
financial trou bic, he said, while admitting
that financial troubles will come along
about every twenty years. and that moth
ing can prevent them and tha5 this is Just
twenty years from the last great depres-
sion. The first cause was many years of
real o. fictitious prosperity The nation is
not unlike an individual. Sickness is in
cident 10 humanity and commercial panics
are incident to trade. In addition TO
these causes, which for the purpose of this
argument | denominate natural causes
against which it is probable that no pru-
dence COZ Id guard or prevent, there was
much reason to apprehend financial
troubles at this time owing to the con-
tinued violation of correct bu-inesss prin-
ciples on the part of our business men in
their haste to become suddenly rich
Takes a Whack at the Gold Bug"
"Our financial centers have been flooded
with watered stocks of every description
in which innocent people have been in
duced to invest their means by the glitter
ing promises of enormous dividends which
are not forthcoming. Candor compels
90 . l.ut Nl..a1
ually originated with that class of finan-
ciers who infest our marts of trade and
are today ostentatiously attracting public
attention by their parrotlike clamor for
an honest dollar, and against the con-
tinued use of silver money. Besides we
are suffering from the evils of over
production. The balance of trade has
unfortunately have against u.s. We
have sold our railroad and other securities
abroad instead of at home and the interest
a well as portions of the principal have
been coming due and must be paid in gold,
because it was so nominated in the
bond" and hence our gold has naturally
been leaving US for foreign shores.
Tariff Reform, Too. But Inevitably.
nquestionably some of the present diff
fculty may be attributed to the uneasiness
of our protected industries, which have
been accustomed to rely to certain extent
upon governmental favoritism to support
them. DO not disguise the fact that such
uneasiness exists, and that it contributes
its share to the general existing disturb
ance of financial affairs. But there is no
relief for this situation unless the domi
nant party abandons its principles and sur
renders in advance to the interests which
were defeated at the last election. The
Democratic party is pledged TO tariff re-
form, and it must redeem its pledges, come
what may. OF course it must be expected
there will be some friction. 1t is unavoid-
able. II is incident to the anticipated
withdrawal of public aid from private en-
terprises; and it cannot be prevented, but
must he endured. TIE people perfectly
understood the question last fall, and they
voted with their ewes wide omen ,,