The Bessemer indicator., 1893-09-09

L
the nature OF n reply to some OF the ar
guments presented by voorhces and oth
| ers In favor of repeal. Tie Colorado or
ator was honored by II full attendance
| OF senator's and well filled galleries. and
| close attention was paid to his opening
| sentence. All the prominent senators in
the chamber faced him when he to
| his feet. and Lafe Pence was q spectator
! from The other side of the house. VOL
| colts first sentence indicated that he was
| In good voice. and his speech was deliv-
| cred in n most effective manner. The
| speech in full was follows:
| 1t is said that a financial panic is In
variabiy accompanied or followed by
| widespread religious revival. Up TO this
| time we are. unfortunately. without that
| benencent occurrence. Tho ready and
complete change OF heart, however. on
| the financial question which we have wit
| nessed In this chamber gives evidence
| that this is n time when men are espe-
| cally open to conviction. And II the ad-
| ministration. with its petty spoils and
| patronage has been able to make so many
converts, what may we not hope when
| the assurances of future happiness will
be. not for four short years, but for eter-
nifty. The misfortune under which silver
men suffer Is that the administrations
conversion came first. For II the hearts
of senator's had first been impressed with
the littlencss OF the things OF this world
and the glory of things supernal. the
people. who are to be the sufferers. would
not have been deserted by their repre-
scntatives.
Except as patronage may be used 10
affect the action of congress. there Is no
criticism to be made respecting the pol
ley of the administration. There has
thn n f.
titude of the secretary Of the treasury
because, while he represented a constit-
uency in congress he was an earnest ad-
vocate of free coinage. Such criticism
IL misplaced. He is a member or the
PRESIDENTS household and is committed
to carrying out the presidents policy. or
to withdraw from the cabinet He Is not
tho only member of the cabinet who must
have radically changed the Views OF n
lifetime In subordination to those OF MS
chief. Nor Is the president open to
structure because of his message lie mas
been n consistent and persistent oppo-
nert of silver coinage since his first en-
trance into public life. There has never
heen n moments doubt as to where he
stood.
The platform of his party. 1t is true
declared in favor of silver, but the plat
form meant more to him than the
wind that blows. We of the West khe"
perfectly we'll last fall that whoever oil
The two candidates should be successiui
we were powerless. and that our reliance
must be placed in congress. which ma"
already on more than one occasion shown
lie willincness to rise above the personal
wishes OF the executive.
Remarkable Thing.
Ths friendship for silver expressed by
.yerv member of each house who has
snoken on this question is remarkable
and unanimous. No senator in faFor Oh
the unconditional repeal of the sherman
net has failed to announce in solemn
words his belief in bi-metallism. Inc
statement may be soothing to his con-
science. but It serves no other purpose
so far as favorable legislation Is con-
cerned. Senators who state that they
are bi-metallists. but that international
agreement IS necessary before we can
adopt the double standard, misstatc the
proposition. international agreement
must depend on the attitude of Great
Britain. II then Great Britain consents
to tho double standard. they are bi-metal-
lists. II she adhereN to gold. they hre
mono metaIlists. The policy of Great
Britain. which they are powerless to
shane or to control, Is the policy they ad-
vocate.
There are resources of infinitely more
material yaiae e tAe East than all our
tra9e>@Ith Great Britain. but Tr&4-ses-
more the welfare and Prosperity of every
farmer and toiler In the land. in order
that we may be In entire accord with
Great Britain in our financial policy. Nor
are the friends of silver In the slightest
degree carried away by such utterances
as those of the senator from New York
le Tt lay Who ie n for tS
is against U.S. 1t would have been so far
more satisfactory, II instead of arguing
in favor of silver and likewise in favor OF
unconditional repeal, the senator had ar
gucd against silver and then announced
his intention of voting against uncondi-
tional repeal and his speech would have
been equally logical,
Silver has been compelled to bear ev-
erybody's burdens for many months and
1t seems now involved in some fashion
with Democratic differences In New York.
The senator from New York knows per
fectiv well that free coinage by sepa-
rate act is impossible during the incum-
bcncy of the present executive. and that
any assistance he may desire to render
must come now or not at all. Those who
believe In tho principle of free coinage
of both gold and silver care not n baw-
bee about local fights in New York, and
for my own part. l prefer an open foe
who asks quarter and gives none
who has steadily opposed silver and
has never concealed his views. to one who
keeps the word of promise to our ear,
and breaks It to our hope" The most re-
markable md most ominous occurrence,
however. has been the change of front by
the senator from Indiana.
For nearly n generation. in season and
out, he has posed as the friend of tho
people. Many and varied have been the
remedies he has proposed, but until last
week II consistent in nothing else. he has
everywhere and ut all times found occa-
slon>to denounce the national bank sys-
TEN, and TO advocate the free coinage of
silver. have been examining the
files of the Record for tho past decade
and longer. with the view of reminding
the senator of the days of which Charles
Lamb wrote. those red letter days. now
become to all intents and purposes dead |
letter days" But what Is the use? |
Banks were molochs and everything else |
that sounds bad and wicked. and no mat
ter what other gentlemen might do he |
would never vote to extend their char |
ters or enlarge their powers. and looked |
forward with hope to the time when they |
would be wiped out altogether He even |
opposed an amendment permitting them |
to issue notes up to 30 per cent of
their bonds on deposit with the treasury. |
During all these years he has been also
apparently. the unvarying friend of FREQ
coinage.
The Record contains speech after |
speech In which he shows the necessity
for and the availability of the use of
silver One of these speeches was
delivered only last year. since the pas
sage of the Sherman act, In which he |
utters no word OF reproach respecting
that law, but urges the continued and
increa sing use of that metal as coin. This
Ia n brief summary OF the utteranccs OF