Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-08-26


PAou a.-Waicman's Wandering. Tho rar
North
the SENATE had ngrcrj u drop iara
reform 20 secure the passage ~ the
repeal bill. lie would protest against
such arrangements. The dividing
lines were the money powers OF the
East with foreign backing against the
tolling masses OF tine West Aud South.
william, OF llls., opposed the fepoal
hill. Hu COntendc1 HAT the Shefmtu
law WIS not responsible tor the ranic,
although The panic wa the legitimate
offspring of ths Republican pnrty. To
repeal the Sherman law would be- 30
break the Inst Ink binding gold and
silver.
lie was followed by Allen. Of Mice,
To opposition TO repeal, IN a speech fall
Of humor.
COCHRAN TAKES THE FLOOR
Cochran Of New York wa the ucKt
speaker. Alter some preliminary
uitc'anccs no said the Democratic
platform did not declare Tor Gso coin
nge Of silver. An attemp. was muIu
tu the convention by u dplogutu fOm
Colorado 10 commit the party TO that
pfinClplo toHrcusr ten votes.
Colorado aud Nevada were declaring
that the party were departing from tuv
platform Ia this matter. ~ that ls o.,
why did those states take O. the woods
In the action 81 ls92l / was bernu.u
those states had abandoned the Drm..
cratic platform that Ponce was elected
10 the House from Colorado. Cock.
ran declared that he was stand.
Ing on the platform with
both feet. Ho uehrd Bland
10 prove UthUtwisc anu asserted that
no iutiancc could be found IN the
history OF civilization where gold aud
silver calculated sluo by side At any
ratio. The fluctuations were such o. 10
constantly drive out the duAfer metal.
France had 10 import 6lo,OJO,OlD OF
gold 10 maintain the parity, anu the
United States would have 10 DO the
same uuGer the same circumstance.
Cochran coutrovUriei the assertion
Of Bryan u Nebraska that silver vas
still the basis Uf value Ct the farmers
products, enying: "li that IL ~, why
10 you not give him the full value "
II? You would give the farmer 37l
grains Of pure silver, while | wuuiu
give him 65lt. The propo,ci duha'c-
meut Of coin would reduce dubitr 20 per
cent. Bryan assumed that the los.
would fall on the bnnks, but the fact
was the banks and the corporations
were tie debtors OF the country aud tho
wOfkingmen the creditors" He denied
that gold had appreciated. Never
before did the laboting man Of America
receive 90 much gold for his labor.
bland anu Bryan propose n their
plans 20 make the bankeTH OF Now York
Of . q
ia the settlement OF the accounts with
the dopOsitors anu deprive the lahoflng
man OF 10 per cent OF the value o! his
work.
Bryan, intufrupting, asked II that
was no, why New York banks de-
nouuced himself aud Blnud, and why
Grand Master Powdorly was with
them.
Cochran replloi that the banks had
learned that In business anu politics
honesty IN the best policy.
Cochran claimed that business de.
precision was always due 10 the iuill.
ton Of the currency, or OF credit
beyond the capacity OF the business
iniefcsts 10 support, The operation Of
the sherman law proved this. IL
Increased tho currency, now sttlugoncy
follows. Blonde proposition 10 give
a7l grains VI silver ios 65l would b.
called robbery N related 10 wheat or
corn. The farmer suffered most
In tho depreciation OF prices
under the Sherman law anu
Il was n strange friend Of the farmer
who desired It's continuance. Cochran
spoke Of the unity Of Interests of the
whole country and tho effects Of an
attempt TO sCotlonallzs II on any basis
would result In benefit 10 no one. Ho
closed with an eloquent appeal for
equity and Justice M the basis Of the
governmental policy, awAking whiTl.
wind OfapplAuse anu cries Of "v0te."
The speaker was overwhelmed with
congratulations on his magnificent
effort. The excitement on the floor
was no great that the speaker had 10
call on the officers Of tue House to
restore order.
BLAND CLOSES FOR SILVER.
Bland then began the cIosiug argu.
mrnt In behalf OF the silver men.
Bland said thai n the gentleman
from Now York, Cochran, whose
financial theories evidently were
gained from the manipulation Of the
stock tXchar sc, would only 30 to
that equity where ho had SAID
were obtained the agricultural products
shipped abroad In order 10 bring hack
the European gold necessary to rus.
tain the public credit, he would under
slant why the gentleman AMI himself
30 radically differed In their views.
Il was true, as the gentleman said, u
10 was the product OF the soil NJ this
country that the flnHuGors Of lnis gov.
N..Ir. a.. .HaNa q
VI Europe in order 10 maintain cur
t.rNnunf AuuUEIuf auafstt