Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1893-11-02


Wsikef Of this city and ex-Congressman
George Fred Williams Of Dedham on the
subject, The Cause Of the Late Financial
ssringsncy aud the Present Business De-
PRESTON drew large crowd here Last
hight Following is
The DsS.ts.
Mr.. Walker was the FIRST speaker He
said IL wss pleasure II be could do any
thing by telling the truth TO assist his
fellow citizens in casting their votes in
teiligsn,iy. The question Is. What caused
the late panies and, secondly, What has
caused the present depressions These are
distinct and related, but far from being
the same
When the Fifty first congress me. it
was under peculiar circumstances. At
least three Ia five Of the voters desired
free coinsgs, and ON all hands il is ad-
| mitted majority Of the house and senate
were VI the same opinion There was an
other body which desired that silver
should not he used a. basis Of circala-
ton, but only - people desired to use il,
a currency in their pockets. IL was i'm
possible 10 prevent the use Of silver. but
they hit uDo1sa plan to coin it at its gold
| valne
The law Of 1893 WAS passed only TO pre-
| vent the unlimited free coinage OF silver
In the Democratic party IL in Is voted for
free coinage, aud only 81 or y Republ-
cans voted for it, Only about II or -
Democrats voted for uad money. II was
nsess sary to kill free coinage to have
sound mohey. The Democrats voted for
the Bland bill. which would give sl30. go
more than the Sherman bill. 1t is the Re-
Inn h it.a. AFT, II Sa b..
credit Of the repeal
| In regard to the cause Of the panic the
Sherman bill WAS the last straw on the
eamePs back Bur the tariff was the load.
Tue Democrats have condemned the Nc
kinley bill to death, and now it is in
prison with 2f9 Democrats standing guard
until they can execute it.
THE Mckinley bill gave you work
| After the election Of 1892 the capitalists
| departed with their money for Europe Iu
| lawrence and Ware not one-half the
| wages are paid were when Harrison
was president. II you will release from
| prison the Mckinley bill, you will have
Work tomorrow and you know it,"
| Mr.. Walker continued about the advan-
| tages OF the tariff. When my friend fol-
| lows me, he will confuse everything | say
| The tariff is the same as your trades
unions. 1t keeps up your wages all over
| II wages are not AS high ia other places as
| here, yours will 90 down" This closed
Mr. Walkers opening.
The Democratic Side.
| Hon. George Fred Williams was then
| introduced. He said he was not called on
| TO refute all the arguments his opponent
| may advance, but to discuss the question
| he was called to discuss. IL the gentle
| man wants TO discuss the tariff, if ii is still!
a 1--we issue. the speaker said, he would
come here and discuss it; but the question
| Is the panic and business depression.
The Mckinley bill is now in full effect,
| but it does not operate in bad times If
| the fear of change in tariff was the
| cause OF the panic, the first place il would
appear would be among the manufactur-
is; but behind them were the jobbers,
WHO countermanded orders because the
| money siringency made them fearful they
| could not pay their bills. OF 500 failures
reported by Brads,reets, only / per cent
pretended taat tariff legislation had any
thing to do with the failures, and - per
cent gave money stringency as the
cause" '.@*
The speaker said he left the Republican
party when it went over to the enemies of
| sound finance. Cleveland promised sound
currency in ISL He did not succeed, be-
rause both parties were against him. In
1883 he was candidate again, aud the
alleged guardians of sound money, where
were theye They male their bid for the
silver vote, which has since brought them
to their knees in repentance
"The Repu biicaus admitted six silver
states for the sake OF the IL Republican
votes they would gain in the senate, and
this waa enough to offset the whole vote
of New England The Republicans then
admitted the enemies of sound currency
INTO the house. Having admitted these
enemies there was bu5 one result, and
then began the Bargaining away of sound
money in which you, sir turning to Mr..
Walker took the iealiug part.
Mr., Williams quoted from Mr. Walker
" here he had denounced silver, aud read
~ interview with him published in the
Worcester spy. in which he said the bill
would make the rich richer and the poor
poorer, and then. continued the speaker,
he went back to Washington and voted
for silver II was ia the next session he
got so excited defending silver that he
look off his coat and called it pure poll
ties Free coinage was bargain between
tIlli 7iANtl rum tue hty tut
bill was passed. there has been distrust
sit WAS Democratic president that
.alied a special session to repeal the bill,
,nd the will of the Democracy was exc
,uted in that call, and Republicans sat
,ruund, refusing to join in the cloture.
The question has now been settled In
Democratic senate, and settled right. Our
.tader has announced compromise is sur
render.'
Again the Republican.
Mr.. Walker then spoke ia rejoinder He
aid; "What do you prefer-rhetoric or
hread2 Will you cheer for rhetoric onlys
Where are your facts? Cleveland is the
lnly buiwarx OF sound money in the
party, but by leaving the money question
20 the party itself they would make a
worse BILL
Mr.. Walker asked A. S. Roe to read
elections from different speeches. Mr..
Walker said no man ever knew him to lie
to equivocate, and this man referring
to Mr. Wiliams) knew that he STATED an
4bsolute untruth when he said gave The
boy an interview denouncing this bill and
then voted for it."
Mr. Walker then read from Governor
Russell's speech. referring to him, and
aid: 'Wheh n governor will drag his
robes of Office it is time for citizens to ask
If they are not disgraced, and yet Gov
ernor Russell Stops to traduce a citizen, |
knowing his words are untrue"
Ia reply, Mr Williams said: Il call my
pponent gentleman. | regret that he
has felt called upon 60 charge me with de- 4
,iberate misstatement. l do not impute
wilful MEASUREMENT to him The gentle |
man must be cautious before he takes into |
his mouth a good name to defile it,"
In conclusion. Mr.. Williams paid Il trib |
ute to Cleveland, and said repeal will re-
store business confidence.
The debate WAS very orderly, and there |
were no serious interruptions.
A General Shakeup.
WASHINGTON, Nov. l--Amnng prospec- |
tive chang in the navy is the relief % |
Commodore Carpenter from command Of |
the navy yard at Portsmouth, n. H., ard |
the detachment of Commodore Sicard |
from command of the monitor Miantono-
mob, with orders to command the Ports
mouth navy yard. Commodore Caspen
ter will be placed on waiting orders. Cap
tain Kane, recently detached from the |
New York navy yard, will probably be de
tailed to command the Mianton omoh.
Tha. Settles L.
MEMPHIS, Nov. 1.-The trial of Sheriff /
A. j. McLenden, charged with failure to
,1a,Fnrc, his J,tr IN , h. lyr