The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-12-31

| iSt. l am in favor of gold and silver
as the money of this country.( Gap
plause) And I am in favor of stand
ard in the ratio of is to / (Applause)
AS to the silver question, it has been
discussed lately ali over the country,
and it has been discussed in the CAM
paign on the other side-and they
claim that the Republican party IS the
party of silver l take issue with the
gentlemen I say no. that the Demo-
cratic party. and that party alone has
| Loyalty supported silver as to Tree
coinage, and making it money on
parity and equality with gold. ZAP
plause.) In proof of this we ind that
lin 1873 a Republican president with a
! Republican Congress demonetized sli-
yer. and it was done so quietly ana SO
stealthily that the people did not know
| the condition they were IN, until SILVER
was discredited and debased. Ii the
Republican party was the friend OF Sill
yer. as they claim, during all the years
that it was demonetized, and II as
claimed by them, the decentralization
was the result of amiStake, then why
! in the name Of God-if there was a
mistake wrong inflicted upon the
people of this country, why dlqn tney
| have the courage, why didn't they hdv
the patriotism and manhood to come 10
the front with a Republican congress
and a Republican president, ana pass
a law bv which silver would be rem
stated on d parity with gold TAP
plause.1 And again-when the cues
ton came up, under the so-called Sher.
man bill. by which 100000 ounces OF
silver per month was purchased. What
I&vas the result? What was the result
of the carrying into effect OF that law
by a Republican administration? II
they were looking at the interests OF
the people. looking at the interest of
silver, and wanted to bring 1t to the
front, where it rightfully belonged,
why did they not extend TO it the hand
of friendship and place it along side
of gold on a parity? But they Went
into the market as a competitor for
silver, to buy it at the lowest possible
notch, and when they bought, they
didn't coin it into silver and circulate
I it as they did gold, they stored away
the bullion in the vaults of the govern
ment, and issued what they called
silver. certificates representing so much
silver, and upon the return and pre-
sentation of such certificates to the
treasurer of the United States was the
holder paid so many dollars in silver?
No, they paid every silver certificate in
gold thereby hording up the silver in
bullion in the vaults, and every time
they paid out gold for silver certifi-
Gates they withdrew from the clrcula-
ton of this country SO many dollars
The government went on in that par
ticular course of business, and made,
in so far as the people of this western
country are concerned, S48, 600, this
being the difference between the prices
which the government paid for the
silver in bullion, and the value that
they placed upon it as a coin. Neither
did they circulate it, they stored 1t
away If that is not getting down to
a gold standard I would like to know
what it is? (Applause)
AS to the tariff question, 1t IS fun
elemental principle of the Democratic
party that the Federal government
or collect tariff duties, except for
necessities of government, and they,
honestly and economically administer
ed with incidental protection But in
levying this revenue and in collecting
this tax, protection should be given
commodities and things which enter
into every day consumption of
life; and taxes should rest most
Aeavily upon the articles which
might be considered Injuries This
is the policy of the Democra tic
party, and has always been
AS to the question of lead I would
say (and 1 believe that such will be the
ultimate result of legislation upon that
question: that this interest of the
western country is young; it is new;
it is large and it is vast, and every ton
that is produced not only has its value
in lead but it contains so many ounces
of silver and a certain percentage of
gold. The mines not only produce lead,
(Which is not a necessary of life) but
produce silver and this increases the
money and the capital of the country.
Then l would say that the Democratic
party will give to lead that incidental
protection by which the miner would
receive fair wages in conpensa ton for
his days labor, and the mine owner
and the operator of anime, fair pro-
fit upon the amount invested in the
business (Applausel
As to the wool, l am not in favor of
the present tariff because it is too high
The sheep owners in Utah and all over
this western country where the great
herds of sheep roam the public domain
with free pasturage get a protection
by which they make 40 per cent. per
annum on their investment That is
not right. l don't believe that the gov
eminent of this country should foster
and protect these wool men to such an
extent that they make he amount OF
money that they do.
Disasters come not singly,' but as
if thev watched and waited scanning
each others motives. and when the first
descends the others quickly follow,
gathering, flock. arise and fall upon
their victim, first shadow. then
sorrow until the air is dark with an
guish.
The great financial calamity which
is upon the people today, fell as a
speck, as a. shadow when the Repub-
lican party demonetized silver, and it
has grown, and others fallen here and
there, until a cry of distress has come
from all over this country. Chambers
of commerce, boards of trade and the
financial men all undertook to find
reason for this. And it seemed to be
the conviction generally expressed at
that time, that ii the purchasing
clause of the Sherman act was re-
pealed, then distress and the sorrow
would abate and prosperity come again
to the people. President Cleveland, at
men, finally called an extra session of
Congress- After q great and heated
debate the Sherman purchasing
clause was repealed, and we know
the result. Laughter by the R,=pub-
licans.l That is right gentlemen, you
repealed that bill. and where is your
relief? [Applause.l There is no re-
Thousands Of fortunes have been
wrecked. Many are without employ
ment and thousands Begging for work
and for food as we'll Gentlemen. how
is it, if these disasters are attributable
to political parties as is claimed by
the gentlemen on the other side. then
in the name of truth, in the. name of
the people of these United States,
charge it to THE Republican party.
[Applause.l And why? Simply from
the fact that the Republican party,
until the last presidential election. had
control of the law making power of
this country. With a Republican gov