Asheville daily citizen. [volume] (Asheville, N.C.) 1890-1900, 1893-08-26
REPUBLICANS CHEER REED
HE "a sAn1.XIss rEHo vyTE.ARr<G2 q ~ z25S
TO SAVE TEEE2 GOgI eS'~SV.

Law is the <en2Y E'aTtS OF Sound
Financial E<scaS,
WAsnINGToN. Aug. 26.-Thc last day
Of the silver debate in the House began
with large attendance on the floor and
in the galleries. The first speech was
made by Clarke (Ala.) who spoke in
support of the Wilson bill. Clarke was
followed by Rec Nc
Reed began by saying that hc was not
certain Of the wisdom Of any member of
the House and least of all of his own. He
was quite conscious, also, how difficult
it is for ANYBODY to know anything
about the currency III general and how
especially difficult it is to provide a rem
cdy for arrangement of currency at any
pritcular time. Nevertheless, ,vhi;~ he
had grave doubts of the wisdom OF each
individual including himself and no
doubt whatever of the difficulty of the
task, it was a comfort to him to fan
back upon the we'll established belief in
the wisdom Of all men when shown by
the decisions of the Congress of the
United States. 1t may not be all abso-
lutelv righteous decision which they
shall reach, nevertheless it is Il comfort
assurance
ion will be sufficient for the emergency.
Reid said that at the last election the
Democratic party was brought into
power by curious combination of cir
cumstanCcs, the result of Il hundred
causes, not with candid dclibcration, but
as result in :; large measure, OF the
apathy of the American people. Now
that system upon which the nanutac-
lures Of the country have been rcgula ted
fnr a a. threatened IN a % n
change. Whether that change is to be
for the better not one man can know.
What the Democratic party proposes to
do with the power which is III their
hands nobody can say. They do not
know themselves, herce are not able t.
impart it to others.
At the present moment, continued
Reed, no man can know what viii be the
result of the action of this Congress upon
the manufacturers of this country. Until
the question is sctt tied the manufacturers
of this country will never dare n!anufac-
turc more than the absolute rccessisics
of the people /, Qutrc. lie said the cause
of the recent condition OF affairs was the
uncertainty OF the future in both the cur
rcncy questions and the questions of pro-
lection and revenue tariff. He did not
regard the Sherman act as III itself alone
responsible for our present condition
Of affairs that he believed the
causes OF the present disaster underlie
that; that the necessary StCppaEc of
hundreds and thousands O! mills is at
the bottom of the disaster. NcVcrt thelcss
he believed the Sherman act and the ac-
cumuation of silver was the Carlie.t in
| dication of the disaster which Nc arc
approaching and that ii has played a
| part, not entirely untoI tunatc, III warn
| ing us that VIC can be saved from still
further misfortune and doubt. He did
|
iiiuiluenced by pressure on the part OF the
| people of TIE United States will 50 revise
the tariff that w0rkirGnau will be
brought back even to Il condition OF work
men under the Walker tariff, but that
there will be doubts and difficulties and
reductions he had not the slightest
| doubt.
While Reid did not think that the re
peal of the Sherman act would be The
immediate cause of the revival OF The
prosperity of the country, he WAS il
favor of it's repeal for two reasons
First, it seems to be deeply settled i'll tht
public mind from causes which can b'
easily understood that the Sherman law
is the cause OF the unreasonable lOard
ing o! currency all over the country. /
has been made the foundation OF dis
trust by Il variety causes.
If, therefore, repeal VIII relieve tn
banks and give them confidence; If it vii
send back depositOrS to the counters;
it will case the rates OF money, We shaI
be able to get over this disaster Wit
less harm, less miSiortGne-
Reed was III favor Of repeal tUr aDOthc
reason: he was not On'y Gcsir0us {
weathcring the storm with as few sail
blown to pieces az possible, but he wa
looking for an upward movement Whic
is sure 10 come and which can only b
postponed by bad management and ba
actions.
In conclusion Reed said: Owe stand !
a very peculiar position, we Republicans
today. The representative Of the DcmC
cratic party Just chosen President of tt
United States finds himself pOwcfiess
his first great recommendation to II
own party. We're he lclt to their tend,
ncrcils the country would witness Il
spectacle of the President of its chOil
overthrown by the party charged Wit
this COuutry's government. " lat wOi
der, then, that he appeals 20 the patrio
ism of another party whose putriotisi
has never been appealed 10 in vain. Pan
| of the proud record Of TIE Rcpublica
party has been its stcadfast devotion I
the cause Of sound finance.
"W hen the day comes, as surely it Wi
come, for us to lead this land back t
the paths of prosperity and fame whic
were trodden under Republican rule ft
SO many years, we shall take back wit
us our ancient glory, undimed by AZ
versity; cur ancient honor uLsu!iicd |
defeat"
Reeds closing words vcre receive
with prolonged applause. The Repub
cans went into a spasn of the wilde
enthusiasm Burke Cochran closed t
debate.
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