St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-08-23

I.dratlOn oil tle Chicago platform,
ON which the American people restored
Ia me presidency one of the strongest,
ables purest and most patriotic char
acIrra ever known to American history.
MIR. V, orhees at this point quoted
the ii ancial plank of the Chicago plat
form. and, saying nat The record did
not : op at this point, quoted from Presi-
dent ClevelaDd'S letter of acceptance,
viii, h he said was in 10 wise modified
or cOntradicted by the Singularlv able
mes agt delivered a few days ago. He
said in tour brief sentences it contained
every sound, wholesome, enduring
princrpl of finance ever known in the
history of the most prosperous nation of
the earth. Who dared in the face of
the clear and explicit words which he
r-ad, to charge tlSat their author was a
mundmetalllst in disguise, a believer in
The use of gold. and gold alone, but
wearing, for the sake of a n election to
the presidency, a bimetallic mask. His
fearless i%rankness i'll the expression of
his views on all public questions with
out regard To their effect upon himself,
had long been conceded by friend and
foe To Tie leading characteristic of
bis mind. He had never recalled. re-
tracted. or explained a single word of
his
Aetter OF Acceptance,
and 1t was Just as binding as when first
gwen To the world. He (Mr. VOOrhees)
was Wiling To stand OF fall by his faith
in Il e ruth and honor of Grover Cleve-
Ian and in his Well-known fidelity to
j g ICES when once they are made. john
H.. Carlisle was the peer in intellect and
Spotless Integrity of any of the i%Iiustri-
Gus statesmen who had held the folio of
finance, including Hamilton, and he
nat e no mistake in placing him as a
bin Jalli>t. Said Mr.. Voorhees,:
"As il Democrat and American citi-
zen. and loving and believing Ill Justice
and fair play and cunmon sense, | APP
peal to tnos. around me, and to the
great body of the people, to know whom
we can JruSt-Wholn we can be-
lieve-at such a time as this, if we are
to turn our backs on such men as Gro
yer Cleveland and John q. Carlisle.
God help the Democratic party and the
country If Such Il StupenuOuS mistake
Is 10 take place"
Continuing, MIR. Voorhees, said that
Sucn questions as ratio were matters of
detail, but the American people had
declared tina silver should not he ae-
munetiZed and contraction take place
on the basis OF recommendation. Congress
would establish a far ratio, and neither
VI IN iilCbttlH hOulu OC dIStiliSSGu. NO
efforts would he spared to effect ali in
ternalOnal agreement, but under no
circumstances would the lab0ring, debt
paying niIIe-tentnS Of the American
penple consent 10 double the debts of
debtors by destroying half of the oon-
stituIional money. He would say to
those urging a.simgle gold-Standard that
the people would tear down and ami
hllate such an oppressive and
Destructive System
OF finance should itcever be established
MIR. VOORHEES, here paid an eloquent
tribute 10 tue Western silver producing
states. lie told in glowing language
how the country had come into the
possession of the United States; called
Them the treasure houses to American
riches, power and glory, II said that
they mad been reserved to us as a trust
and a blessing 10 the present aud future
generations. Tn re had been no bust
ness disturbance III connection with ST.
yer, he said, until after the steaithy and
treacherUus attempt to STAB it to death
i'll 1873. lie submitted to the Western
senators that The very existence and
honor or tile true silver currency re-
CURED the fair and legitimate coinage
OF silver rather II a its sale as bullion.
Must we not, At nee and without delay,
get back of all makeShifts, SuDter-
tugeS and insinceTe compromises and
place ourselves, after the financial deck
he cleared, on the plain constitutional
right to coin silver and gold into money.
What was there that silver would rise
from the degradation inflicted on 1t by
the Sherman act? Who i'll this chamber
or elsewhere was willing for the gov
10 remain responsible for such
an enactment d single minute longer
than its repeal was possible.
If Indiana were inlald with silver or
threaded with gold, he would resent
any such discrimination. III would
vote for the repeal OF the ill-omened and
bad-odored act under discussion. Mr..
Voorhees, said there were features of
the situation demanding consideration
which did not result from the Sherman
act. The bitter and
Determined Assault
which had been witnessed on the pres
ent administration to compel an enOr-
nous issue of government bonds had
not gone unheeded by the American
people, nor had the authors of the
assault, nor those interested in its
success, escaped widespread and inteli-
gent observation. By breaking the gold
reserve. 1t was supposed the secretary
OF the treasury would be under the i'm
mediate necessity to issue and sell
bonds to keep the reserve intact. The
attack, therefore, Oh the head of the
column was swift and strong. With in
tervals of delay for preparation, those
attacks have been repeated again and
again, and have only %Slackened in their
frequency II their force slice it was
found that the executive department
could not be coerced in tina way. The
campaign of capitalists seeking a new
supply of interest-b bearing govern
ment bonds did not confine themselves
to any one point of assault; while they
operated to break down the gold reserve,
and to that extent impair the public
credit, they startled the credit and
thrilled the world with the cry that
American geld was running away frem
the silyer-blasted country, chased out
by silver money, II that there was no
way to lure it back, except to bait
plentlfully with government bonds.
The Sherman act was made to do double
duty, and was charged with grave Of
lenses i'll which it had no part. He
never believed that our silver
lad driven gold from the Il
try, and i'll this connection he re-
called the wall OF dismal prophecy, that
vent up when in 1878 the attempt was
made to check the torrent of bank
AoPSSI oiN ANli OSNo1EObSo ~ ~ ~
monetizatIon of silver in 1878. 1t was
predicted that gold would fly to the ut
termOst parts of the earth from beneath
the folds of the American flag to escape
the contamination of silver. What did
occur? Tie government coined S24,-
600. 000 of silver per year tor twelve
years and meantime the gold in the
United States increased at the rate of
$40, DOC, 1000 per year. Such was the full
tllment of the prophecy of 1878 and yet
he was now expected to believe that the
Free Coinage
of silver at a proper ratio would Danish
all our gold and put us on a single silver
basis. He must be pardoned for believ-
ing nothing of the kind. The gold ship
ments were to be accounted for as part
of the plan to sack the treasury, which
was to be accompanied by a concerted
cutlery from the terror-stricken business
circles, and from the whole national
banking system, that nothing could re-
store confidence and credit save the is
suance of $500, DOC, 900 of bonds. He had