Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1893-08-29

bexed- Ane nPo4ca o. d13. Ih001e D.
Rcd On Saturday vas tkaS II sestesman
Il 10 N embodimenf Of common sense.
sslid IN reasoning. clear in representation,
dsvoid u srsilce ~ sezempes 70 becioud
tie real issues- II possesses vithal the
true rissins qualify vhich enforces the at
ssnsioa nd rsspecs Of even those ssainst
whom hs incontroveribie logic vas
directed. Mr.. Reed appreciated the
nssnissds Of the qsessoe and With ali
his fund Of Wit and sarcasm there vas
throughout his speech no point that be did
not view from the high plane Of statesman
ship. But simple - vas his dicfion and
clear - il his reasoning there vas At times
II quality Of punssncy, nos bitter hut of saf-
nci<nf sharpness 70 render certain passages
vivid to the memory Of both friend and foe
In opening be expressed confidence in the
wisdom Of the House to mees the presen.
emergency. His presentation Of the causes
which have served to bring about the pres
snt depression show him ss the outset TO be-
thorough student Of finance. Avoiding
any discassion Of the respective nssri. pf
free trade and protection he nevertheless,
~ II val his manifest duty 10 do. demon
stsated beyond question that the sherman
Iav 10 not wholly responsible for the pres
ens business depression. He continues
1T Will be seen from what I have said
that 10 not regard the Sherman act, A. In
it, self. alone responsible for our present
condition Of adaifs that believe that the
causes Of our present disaster underiie
hat that the necessary stoppage Of hun
tsreds and Thousands Of mills all over this
country 10 at the bottom Of this disaster
Nevertheless, I do believe that the Sher-
man act and the accumulation Of silver in
the treasury was the earliest Indicator OF
The disaster which ve are approaching, and
that il has played part not entirely unfor-
tunate In warning rs that We can be saved
from still further misfortune and doubt"
Demonstrating conelnsiyely that wages
must tall in the even, Of tariff for revenue
only, = fact that such free trade theorists as
David A. Wells freely acknowledge, he
further shows that such a readjustmen, Of
our tariff cannot take place simultaneously
With the period Of prosperity"
And again "The capitalist has met
.ith his misfortunes. He has seen his
stocks, his bonds, his holdings, and he will
soon see his real estate reduced beyond any
fear which he entertained year ago, and
a due time will come the reduction of the
wages Of labor, unless by great good for
tune the iaboring man, by demonstrations
on his part, should show that he under
stands this question in such fashion that
he will refuse to allow 1t to he misunder-
stood by his member Of Congress.
The terse truth in the following consti-
tutes its pungency at is perfectly true
that the Democratic party is responsible
for whatever occurs in the future, and
whatever does not occur. They have the
President, they have an enormous majority
in the House of Representatives. and they
have the Senate to themselves. For the
first time in 30 years they have been re-
moved from the low level of criticism Of
the acts Of others, and have been lifted to
the high level Of responsibility and Of per-
Torrance. Ii could not be expected that
they would change their nature in the
twinkling Of an eye. Elections might put
them into power, but only the lapse Of time
can give them the proper sense of respon-
sibility. The time will come when the
Democratic members of Congress, instead
of disputing with each other what the
Democratic platform means will be dis
putting with each other as to what the ne
cessities of the country demand. Until that
period Of responsibility shall fairly rest up
on their shoulders, and also afterwards, they
eau rely upon the assistance of the Re-
publican party in the minority as they have
relied upon them in the majority, in the
direction of sound government, of respon-
sibility and Of honest administration of
affairs.
am sorry that we have not been per-
mitted to exhibit our wisdom In the way of
lowed to take the vote of the House as to
the various propositions to meet this affair.
which would seem satisfactory to us. We
are confined to those propositions which the
whole Democratic party have finally de-
termined to submit to US. / shall spend no
time in pointing out the contrast between
this action on the part Of the Democratic
party and their clsims during the Fifty- first
Congress. shall waste no time in citations
showing how the rights of the minority are
outraged according to them, for recognize
now, As | recognized then, the necessity
and duty of the party in power, assuming
the responsibility of its sections. am only
sorry that this question cannot be settled.
and settled righteously, within the DO unds
of the Democratic party itself but a.
know. and every man in this country knows,
the majority of the Democratic party would
decide against the good sense of the nation" "
Here was a manifest opportunity to EN-
ploy his vast fund of sarcasm in contrasting
the Democratic psrty's shrieks about de.po-
tsm when Mr.. Reed was speaker and its
present position silently acquiescing in rules
that absolutely compel the minority either to
avoid voting or vote for what they have had
no hand in preparing. But Mr.. Reed did
not stoop to do it,
In his expressions of belief concerning
v hat should be done in the present emer-
gency there was no uncertainty no endesvor
to hedge" but frank, succinct avowal of
his position. His peroration was eloquent
and forcible even to the point Of elicitins
applause from the enemy. Regarding the
Presidents position he showed that he was
obliged to appeal to the Republican party
for support. whose patriotism had never
been appealed to in vain.
what we were in our days of victory
we are in our days of defeat, champions of
true and solid finance, and when the day
comes. IS it surely viii come, for US to lead
this land back to the paths of prosperity
Q Il Il me, which were troiden under Repub
rean rule for so many years. we shall take