St. Paul daily globe., 1893-08-17

tions wait upou England; England's in
terests lie III tile direction of gold
standard. 70 make cur action depend
ent upon hers allows her to legislate
forour people, aud is an abdication of
the right of self-government. We be-
lieve that the restoration. of the right of
free coinage. as it existed previous to
1873, would raise the price of silver
bullion to 129 cents per ounce through
out the world, and render unnecessary
any change i'll the present ratio.
The Miner
is not unfair i'll asking for free coinage,
1Or such law cannot give back to him
any more than demonetization took
away. But the miners interest is an
incidental one. He profits ny the use
OF silver as money just as the gold
miner profits by the use of gold as
money, or just as the undertaken profits
by the action of the county in purying
pauper at public eXpenSe-it makes a
market for his goods. The Sherman
law is not the cause of our financial
stringency. The moneyed men of the
East, without intention, of course,
startled the publIc-by exaggerating the
dangers of gold expectation. When the
panic came they were Injured as much
as anybody else: The trouble now is
that depOsitors have withdrawn their
money from fear of the banks, and
a repeal of the Sherman law
will not increase the solvency
of banks. The Sherman law provides
for large annual increase in the cur
rency which Is absolutely necessary. 1t.
also keeps up the price of silver bullion
and makes the return to bimetaIIisin
easier. The silver men were called
cranks and lunaticS and idiots because
they saw danger ahead of them; be-
cause in the adoption of universal
standard they saw disaster not only to
our people, but to all the world. The
men from the West were roundly de-
nounced in the East as anarchists and
destroyers of the government. The man
who said that the people should destroy
the government was called an anarch-
ist: but the maa who said the govern
ment should destroy the people was
called "a patriot" Applause.
Mr.. Harter Dem., Ohio interrupted
with questions, and for quarter of an
hour a running exchange of wit and
repartee was indulged in by the two
gentlemen.
1t Was a Clash
of bright steel; and, although there was
little in the colloquy pertaining to the
| serious question under debate, the
readiness of the disputants and their
| perfect good humor entertained tine
| house. Then Mr.. Bryan spoke in favor
| of the retention of the ratio of 16 to /.
arguing that an increase of that ratio
would be detrimental to an interna-
| tional agreement as to the coinage of
| the two metals, ana continued as fol-
| lows: The question was not whether
the president was honest or not. The
! question was whether he was right.
!. Applause. The president had won the
! confidence of the people; but he had
| been deceived. He had said in his mes
! sage that the people demanded the re-
peal of the Sherman act He had heard
| from the boards of trade and from the
chambers of commerce, but he had not
heard from the farmers or the men in
! the workshops: and he could no more
Judge of the opinion of the people than
he could measure the ocean depths by
| the foam OF the ocean wave. Let the
friends of silver call the battle on, and
| never leave the field until the peoples
money was restored. Applause.
In conclusion Mr.. Bryan said: 1.-The
/ Democratic party stands today between
two conflicting forces. On the one side
stand the corporate interests of the