River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1893-08-31


States, finds himself powerless in his first
great recommendation 70 his own party. Were
he left TO their tender mercies the country
would witness the spectacle of the president OF
its choice overthrow By the party charged
with this countrys government What won
der. then. that he appeals TO the patriotism OF
another party whose patriotism has never been
appealed TO in vain
Mr.. Cochran dem, ~ Y.) spoke at consid-
cradle length in favor OF repeal He said the
remedy for the present condition OF things
ought to be sought for. free from any spirit OF
craftsmanship. He could not agree with the
gentleman from Maine that these periods Of de
preston were inseparable from the advance
ment OF civilization. but held that each was due
to special cause which might be readily dis
covered. Mr.. Cochran said that the platform Of
the democratic party did not declare for free
coinage of silver; thatan attempt was maze in
the convention by a delegate from Colorado TO
commit the party to that principle, but failed
TO secure ten votes on the floor OF the conven-
ton In support Of the proposition. He asserted
that there was never an Instance in the history
OF civilization where gold and silver ever ctr
culated side by side at any ratio. II was inn
possible that they should do so. and he defed
the gentleman from Missouri (Ir Bland) 70
name an exception. The fluctuations OF the
valnes of the two coins were su1icient
TO constantly drive out the dearer metal and
this, said Mr. Cochran, was the inevitable re-
suit France was compelled to import $500. 0O0..
QUO OF gold to maintain the parity OF the silver
which she had coined. That was what the
United States would have to do if It was De
sired to maintain the parity Of the silver we
have coined. Referring TO the assertion in
the recent speech OF the gentleman from
Nebraska (Mr Bryan that silver was
stin the basis of value OF farmers
products, Mr.. Cochran inquired "If that
be so why do you not give him tho full
value OF itg You would give the farmer 3174
grains OF pure silver while | should give him
65ll4 grains" The debasement OF the com pro.
posed, Mr. Cochran said, would have the result
OF reducing debts 10 the amount OF IS per cent
The gentleman from Nebraska (Mr. Bryan as.
sumed that the loss would fall on the banks
But the fact was that in the very nature OF
things the hanks and corporations are the debt
ors OF the country and the workingmen are the
creditors. Gentlemen tell us that gold has an.
preciated deny it, said Mr. Cochran
''rhe Aldrich report shows that never before
in the history OF the world did the laboring
man OF America receive so much in gold for his
labor But the gentleman from Nebraska and
the gentleman from Missouri propose by their
plans TO make the bankers OF New York alone
q present OF s2l000 900 in the settlement OF &C
counts with their depositors, and TO deprive the
workingmen OF q per cent OF the value OF his
work" In conclusion Mr. Cochran said the
trouble in this country not due to lack
of money, but to lack OF redundancy. Money
was not wealth. 1t was that with which trade
was worked
Mr.. Bland (dem. Mo followed Mr. Cochran
He sad: All the dogmatic utterances OF the
gentleman from New York were made in the
face OF history and in the face OF truth He
(Bland) did not defend the Sherman act but he
saw no reason whatever for changing the exist
ing ratio OF 10 to l. As TO Mr.. Cockran's argu.
ment that one OF the causes OF the financial
troub o was a redundancy OF money, that
gentlt Llan would in all probability be found
votirs for the senate bill allowing national
banks to increase their circulation to
tie amount OF t2l,000.0J0 The silver
II en- in the house had offered several
compromises. IL those compromises were re-
lected there would never be another COM
promise offered The Wilson bill asked the
United States congress so to legislate as 70
add to the prosperity OF England and Australia
and TO the distress and adversely OF the farm.
ers and miners OF America To strike down
silver would mean a political revolution that
would strike down both great political parties
For one he was willing to join the people, even
though democracy would have to go to the
wall
Mr.. McMfhn dem, Tenn said he had voted
for bimetallism in the past and would vote for
il in the future
Other speeches were made opposing repeal
by Messrs DE Almond (dem., Mo-; Williams
dem, III Fithian dem. III; Hudson (dem
Iowa., and Mr.. Wilson dem, W. Va who
closed the debate. Mr.. Wilson said there could
be no expansion Of the currency that could
work so quickly and so satisfactorily
as to let loose from its hiding
place the tl.7oO 10000 now in this
country 1t was not so much the quantity Of
money as the quality that would restore conf
dence. Let every man understand that every
piece OF morey in the United States was as
good as any other piece and the money in the
country would support the credit which II rep
resented, would move the crops, and we would
have-what we had not had recentiy--al bless
ings and encouragement OF good, stable
currency that would increase the prosperity OF
the nation and give employment TO its labor.
IN THE SENATE
On the Esd Mr.. Hoar rep, Mass) argued
against the amendment TO the national bank
circulatio act repeating the 10 per cent tax on
state bank circulation. He said he was opposed
TO restoring to state banks the power OF
issuing. circulating and furnishing currency.
The people of the country were entitled
TO have currency. every dollar OF which
should be equal to every other and which
should be unchanging in value, so far as the
wit of man could bring that TO pass. That cur
reney should be national II was the function
Of the national government TO see that il was
provided. IL never had been and never would
be provided by the states.
Tn the E4tn MT, feHer tpop., Kan utilNereu
a lengthy speech on the silver question. He
said that the trouble in our finances had not
been caused by any want of confidence on the
part of the people, but IL had been caused by
practiced treason on the part Of class which,
he hoped, would be relieved from the response
bility OF stealing from the people. He did not
think that fear as to changes in the tariff
had much TO do with the financial
panic. IN reply to question by Mr..
Ha~ ley rep, Conn he said he did
not believe there one case in a thousand OF
manufs cturng establishments closing where
the cause was the fear of tampering with the |
tariff the failures of such establishments did
not come from any prospective tariff policy
but from want of orders The people had not
money TO buy goods and orders were slack |
ened. The democratic party, however, dared |
not to-day establish free trade. There |
was no danger of free trade unless that
fight was forced on the people II IL were
be razed and from that time on trade with !
all the world would be free That was /
where the country drifting. and the men |
behind the throne to-day we're the men who |
we're Fastening that consummation II the |
farmers OF the country had to compete with |
pauper labor manufacturers could do it, and |
they would have 10 do IL before the fight ended |
w hat was fair TO the farmer was fair TO the |
He declared himself in favor OF |
free and unlimited coinage Of silver, 10 TO 1:
that or nothing" He had no compromise 10 |
bier, and would accept none. So far as he was /
the Sherman law should never be re- |
pealed unless we have tho law of our fathers |
to the stature book The uncondf |
tional repeal of the Sherman law would mean /
he gold standard
Mr.. Allen pop, Neb) spoke in support Of
he amendment to add 70 the Voorhees, bill a |
provision for free coinage al the ratio of 10 TO l,
md for the coinage without unnecessary de
.Nf ~ .ffv 1,f.Gff nd nv
nent The peoples party. he said, was not |
,lamoring for silver because it preferred il to
gold, but because il was convinced that there
was not gold enough in the world TO do the /
worlds work. He argued against the uncondi-
lional repeal of the Sherman act
On the 25th Mr. Hin tdem, N W addressed
he senate at great length on the silver ques-
ton He charged the president with being
yuid monomeiallist and said that in his recent
n, ssage he overirew the picture OF financial
lis 'ress in the interest of the creditor classes
Mr.. Hill announced himself TO be a bime tallist,
md urged the repeal of the sherman law be
,ause IL stood in the way OF bimetallism He /
'aid President Cleveland was not BIZ
netallist he said he should refuse
% follow In the footsteps OF any adj
that seeks 10 place the dem
,cratc party in a false position that seeks
o lead il away from its traditions, away
rom the currency Of our fathers away from
he path of safety, away from the democratic
principles and platforms and into the very
amp OF the enemy. The president must rely
ipon republican votes TO carry out any sucn
uieidal policy. / shall not believe however
hat any such course will be taken by the pres
dent of his own volitiOn, or even under the In
spiration OF indiscreet advisers, until clearer
violence shall be furnished than now ex-
SITS He continued. mo one. be ne
democrat, republican or populist should