Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-08-18
ron. r. @, KENT.

has been confded 70 US a most serious AMI
solemn rcspousio oility. lt ls a time, my
brethren, when no man should indulge IN
excited ard passionate speech. and 10 a
time when no man should indulge in too
much prid0 or self-OpinlOnatlOn. IL -
time when the patriot, anchoring
bis heart upon principles OF justice,
and remembering that 1t is not for VIZ
Cinia alone that we are to legislate, but
for the immense and diverse interests OF
the continent and q great nation, that
each man should bring his heart and his
mind to bear upon tho question IN q
spirit of most exalted patriotism and OF
tho utmost sef-aDasoment. Now; my fel;
lOw-cltlZens, We confront financial
panic. have seen good many
pauics in peace and | have seen some IN
war, and tho first thing Gf may gather a
little wisdom from my military experienced,
for man 20 do when he tnus himself
in o panic and Is partGklns Of It perhaps a
little himself. IS 10 get his head cool. SIT
do En and think over II before 40 advises
anything.
wEY THE LACK OF CONFIDESCEP
Now they tell US that this panic is
caused by lack Of confidence. Undonbt-
edly il Il. There never was q panic since
the world began that was not caused by
lack of confidence; but what caused the
lack Of confidence? ! think, my country
men, that there are variety OF causes tor
the present financial condition; and the
good doctor. when be comes IN to see q
pationt, the highest principle OF his pro-
fession is 20 first diagnose the disease that
he is suffering from and to ascertain Its
cause.
Now, then. find in this country that
banks are failing; that manufacturers are
failing; that the value of land IL drylHg
up. and that the cost of producing wheat
and corn Is not returned upon tho markets
to tho labOrer aud the producer.
THE M'KISLEY BILL TIE CAUSE.
Three years ago. in 1890, if you will recall
the history of affairs, there was great
failure IN the Argentine confederation. IN
South America. The next thing there was
the great failure OF the great house OF Bar
ring Brothers, IN London. The next thing
the English capitalists, Sho were nard run
for money 10 sustain their own financial
affairs, threw S2jOO9O,OuO OF their securl-
ties uDon the american market, not be-
cause they were dIstrustful of US, but be-
cause tho hard times first commenced
amongst them. In the second place, my
| ellow-citiZons. don't forget. as some feel
disposed To do, that one OF the great az
erayating causes Cf this panic Is what tha
Democratic party told you last year would
produce II, and thai Is tho unrepealeu
Mckinley tariff bill. Applause No
change in the tariff laws of this great
| nation, affecting oil commercial and
all manufacturing interests. can ever
accrue without a disadIu5tment ol
| business. and the fruits of the
| Mckinley Dill ere Just being prof.
fered to your lips. The reason that Il did
not come very swiftly upon ITS passage
was because the year after its passage
| there was famine in Europe, Germany
| and Russia by poor crops. and because
| they made the greatest draft upon TINS
| American farmer that was ever known
when for period sent rs money nere tC
stay the panic With good crops in Eu
rope this year the Mckinley chickens have
! come home TO roost. The Mckinley taxes
| are at the bottom and root of this financial
| panic. os the whole Democratic party told
| you with one voice III 1892, and which
| am rot prepared 10 recant III 1873.
OTHER CAUSES.
| Now, nv fellow-citizens. there are two
! other causes of tins panic. In the hrSt
| place, IN January last. there was another
| great failure IN another British colony
| that is Australia. which required B.lt5t
resources TO 90 over and help II. And.
| Furthermore. III this present year th'
! kingdom OF Austria has gone from sll
yer basis TO gold mOnOmetallc basis anc
Las required Sl0c, COO, 600 IA gold 10 order to