The Ketchum keystone. [volume] (Ketchum, Idaho) 1885-1899, 1893-10-07

our securities drives out gold and
paralyzes enterprise. Granting that
We repeal this act, and granting
sven that you discard silver alto
xether, if We can end two or three
or four hundred millions of gold to
AXE its place, does any Senator
to maintain that the sense
Of security will be greater? On the
contrary are We not all agreed that
The danger of panic will be in
creased? I take no account now of
The possible increase in the relative
value of gold which might follow
the increased demand for it. / ask
you only to look at the present con-
dition of Germany and Austria, and
tell me whether any sane man,
who sees the nervous apprehension
caused there by the export Of every
few thousand of gold coins, can
possibly maintain that we in Amer
lea should feel safer under such
constant terror.
We all know the history of the
Sherman act. In effect it was 3
compromise between somewhat vi
olent interests; q compromise in
which the silver miners. the manu-
facturers, and the gold men acqui-
esced. The miners got market for
their silver; the manufacturers got
q market for their goods; other in
terests were conciliated in their turn.
In spite of this agreement silver
continued to fall, or gold to rise. /
care not which. The Government
of England, in a sudden panic for
fer fear that we should stop our sill
YER coinage FIRST, decided that some
thing must be done, and, against
the long-expressed wishes of India,
the mint wss closed. Silver fell q
panic followed here, and nearly the
entire press and the whole capital
ist class joined in calling for the
closure of our minis, too.
In this cry the voice Of the man.
ufacturers was among the loudest,
yet obviously the interest of the
manufacturers was with silver, not
with gold. l will not argue this
point, which will be clear enough
to those who study it. If the silver
is sacrificed, the manufacturers will
be responsible for it; and in that
case, l take it for granted that the
silver states will revenge themselves
by throwing all their weight on the
side of a reduction of the tariff. Our
manufacturers might flourish on
low oliver and a high tariff; they
must perish on gold and low tariff.
My tariff friends may look on
this prospect with equanimity, but
| advise them to talk seriously with
their constituents before acting, for
the time may come when the mill
owners and mill operatives will hold
them responsible for any evils that
may follow. For my part I feel a
deep sense of responsibility TO my
people. I do not want to see the
time when what is now passing in
England shall happen in Pennsyl-
vania, and 10000 miners starving
for food after a strike which has
already lasted two months shall
unanimously vote TO continue :he
strike even if they die for it, rather
than consent to reduction of their
wages.
The British miners, half million
Of them, are to be starved into &C.
cepting low wages in order that the
British Government may enhance
the value of the gold in which Amer
lea pays the interest on her British
debts. The process is one which
would gladly avoid. The British
Government may prefer to shoot its
miners, as it has lately done. l do
not think that Senator of the
United States should legislate with
a view to shooting his constituents
Acting now on these fixed princi-
Piles which start and end in com.
mon facts that command, l hope
your unanimous assent, / can dc
nothing to hurt the interests or the
feelings of another State. l will not
vote to ruin Colorado or Nevada
| will vote to help them, and in re-
turn l will ask their help to assist
the other weak interests that are
struggling throughout the Union
for existence against heavy odds.
will vote in such way as to Tighten
the many difficulties of the South
ern States, and aid them to keep
abreast of the national movement
l will give support to every portion
of our Union, remote or near. but
will not knowingly deny assistance
to any, least of all to weak OF
struggling state. Pennsylvania sent
me here to be generous as we'll az
to be practical, and you may be
sure she will stand by me.
propose to open our minis tc
the free coinage of American silver
imposing duty on the import Of
foreign silver.
propose further, for the benefit
of the poorer and weaker States
especially in the South, to repeal
the tax on State bank circulation
a measure which is intended to give