The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1893-11-07
REPEAL BILL.
Opinions of the Press.

| dent, a declaration mas al last Deen
reached which ought to help business
not little. Had they yielded in the
least the Repeal Bill would not have
passed. Two sets of prophets have
informed the country what fruit this
bill will produce. Optinists in specu-
lation, and men whose only political
opinion is worship of the President,
are sure that the Repeal Bill ushers in
an era of the grandest prosperity ever
known; the silver Senators predict
that the sufferings of mankind will
surpass all past records of disaster.
The truth is probably to be found be-
tween these extremes. The quantity
of coin used as money in the CONNER
cial world no longer makes prices.
Confidence counts for more millions
than coinage. Confidence will in
crease without doubt. and, within
limits, confidence creates business and
makes prices. The President de-
serves honor, the more because he has
been at war with the majority of his
party"
The New York Herald Qndepend-
ent) says: "This may well be hailed
by the people as a glorious peace vic
tory without a parallel. The Herald
rejoices in the outcome as glorious
victory for the people. 1t is the force
of popular sentiment which has tri-
umphed."
The New York World: "The will
Of the people has at last been re-
,pected. The firmness of the Presi-
lent has at last been rewarded. 1t is
triumph for a sound and stable cur
rency, tor the credit of the Govern
ncnt, for the rights of the people,"
The New York Recorder (Republi-
can): This gold-bug victory means
gold-bug defeat in the not distant
future. The appeal now lies to the
States and to the people. We have no
fear as to what the ultimate decision
will be. The Recorder has not fought
for the so-caled Sherman law. What
we asked and strove to win was re-
| peal of the Sherman law under con-
ditions that would not demonetize sill.
YER, that would conserve bimetalism.
Under the crack of the gold-bug ad-
ministration whip the Democratic
party, false to its platform and to its
promise, has utterly demonetized sill
YER. 1t is temporarily triumphant
and Lombard street reioices"
The New York Times: "The day
of silver as a standard money, as a
measure Of value, is over. Nothing
but that dream of the International
bimetallists-an agreement among the
great commercial natiOns-wil ar
rest the progress Of silver toward its
destined subsidiary place. The coun-
try has pronounced for sound money,
and it will have it,"
The Louisville Courier Journal /:
"While this result again vindicates
our system of constitutional democ-
racy and demonstrates anew the in
tegrity of the American people, their
trustworthiness in great national
crises, and their intl:nching determine
ton, through every form o: monetary
error which ignorance or demagogy
may breed, to maintain the honesty
and soundness of their currency, it at
the same time eradicates the ulcer
which was threatening to poison our
entire financial system, removes the
cause of the recent disastrous panic,
and lifts from the industry and COM
merce Of the land the incubus of I'M
certainty and apprehension which for
so many dreary weeks has paralyzed
business.
"There is no doubt, and there has
been none from the first, that the panic
and depression through which the
country has passed were due to the
fear Of the operation of the Sherman
law, and nothing is surer than the
fact that now that the mischievous
feature of that law has heeA repealed,
recuperation will begin and continue
surely and safely. The stagnation
which resulted upon the sudden con-
gestion of our great money arteries
can not be stimulated into full activity
in day or a week, but full activity is
bound to come, as inevitably as the
waters CONCEALED and packed in an
ice gorge melt and seek their level
with the returning sun of summer"
|
What do the people know of John
G.. Woods position on the Jim Crow