Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1893-09-02

/ kuOWS. ~ viz u -
were In the hands Of ~ friends
instead of In the hanSs Of those
who denounce Ii, should
feel entirely confident that business would
not be s%tagnant or remein at q standsttll,
but when this reformation OF the tariff Ii
in the hands of men opposed to the pres
emit system those manufactures of the
country which are built upon the present
system have necessarily called q
halt. II their goods which they
manufacture are to be in com
petition with the manufacturer Of other
lands, where the cost Of production IL
upon u different basis, 70 manufactures
In this country will dare to manufacture
goods until he knows the basis upon
which his labor Is to go into the produce
ton Of his article OF sale. Until
1 manufact aus0n Of this country rv
will never dare to manufacture more thsn
the absolute necessities Of the people re-
quire.
II can characterize in q single phrase
the cause OF the present condition Of NJ.
fairs. IL Is the undiscoverable uncer-
tainty OF the future OF both the.nurrency
questions and the questions Of
protection and revenue tariff.
II do not regard the Sher-
man act, as In itself alone, responsible for
| our present condition of affairs. neverthe-
less / do believe that the Sherman act and
tlt VI sfNtt ~ ~
ury was the earliest indicator OF the dis
astcr which we are approaching and that
IL has played "a part not entirely unfortu-
nate in warning Ms that we can be saved
from still further misfortune and doubt"
Referring to the new political condi-
tions which exist Mr.. Reed said: 1T Is
perfectly true that the democratic party
is responsible for whatever occurs In the
future and whatever does not occur. For
! the first time in thirty years they have
been removed from the low level of critt-
cism OF the acts OF others and have been
lifted to the high level of responsibility
and Of performance. II could not be ex-
pected that they would change
their nature In the twinkling OF
an eve. am sorry that we have not been
permitted 10 inherit our wisdom In the
way OF amendments; that we have not
been allowed TO take the vote of the house
rs to the various propositions to meet this
affair, which would seem satisiac-
tory to US. We are confined to
those propositions which the whole
democratic party have finally
determined to submit to us. / am only
sorry that this question cannot be settled
and settled righteously within the bounds
OF the democratic party itself, but l
know and every man In this country
knows, the majority OF the democratic
party would decide against the good sense
of the nation"
GASSlUR tutu III III Va
the question OF repeal, Mr.. Reed said that
while he vas in favor Of IL, he did not
think IL would be an immediate cause OF
revival of the prosperity OF the country,
nevertheless he wonld vote for
repeal for two reasons. /. Because.
whether justly or not, the Sherman
law is believed 10 be the cause OF this UNI
reasonable boarding OF currency through
ont the country. The second reason was
that only by repeal could the nation hope
to attract foreign capital, without which
it were vain to hope for an up
ward turn of the country's business.
In conclusion Mr.. Reed said: what.
then, Is the pathway OF duty Uncondi-
tional repeal That will either give relief
or not. If not, then we must try some
thing else, aud the sooner the better. We
stand in = very peculiar position, we
republicans today. The president Of the
United States finds himself powerless In
his first great recommendation to his own
party. Were he left to their tender mer-
cles the country would witness the spec.
tacle of the president Of its choice over
thrown by the party charged with the
country's government What wonder
then the appeals TO the patriotism Of an
other party whose patriotism has never
been appealed TO in vain. The prondest
part Of the proud record Of the repub-
lican party has been its stcadfast
devotion to the cause of sound finance.
What we were in our days of victory We
are In our days Of defeat, champions OF
true and solid finance, and when the day
comes as IL surely will come, for US TO
lead this Ian back to the paths OF pros
perity and fame which were trodden I'M
der republican rule for so many years we
shall take back with us our ancient glory
undiminished by adversely, our ancient
honor unsullied BY defeat"
Mr.. Reeds speech was received with
] marked attention hy the ma m har. of hnth
sides and aroused the widest applause
and enthusiasm from the republicans. He
was followed by Mr.. DeArmond, dem
Missouri, who proceeded To make a speech
Tin Mr. Blands time) In opposition to un-
Mr.. Allen, dem Tls7sssppF4a~sssssa
next speaker and was followed by Mr..
Cochran, dem, New York. Mr..
Cochran said that after listening
to the speech of the gentleman
who had just taken his seat every
one would admit that arguments in favor
of free coinage of silver were picturesque
rather than convincing He could
not agree with the gentle man from Maine
that these periods of depression were In
separatie from the advancement OF civil
~zation, but believed each was due TO a
specific cause which might be readily dis
covered. Mr.. Cochran said that the
platform of the democratic party
did not declare for free coinage
OF silver; that an attempt was
made in the convention by a delegate
from Colorado to commit the party to tha
principle, but failed to secure ten votes
OF the proposition. 1--WE are told" said
Mr.. Cochran, ''by Colorado and Nevada
that we are in this matter departing from
the platform. IL that Is the case why did
those states take TO the woods
in the election OF 1902, II was
because those states abandoned ths
declarations OF the democratic platform
that the gentleman from Colorado, Mr..
Pence, who had so often entertained his
associates on the floor, was added TO the
membership OF the house. Mr.. Cochran
said that in regard to this question rs
stood upon the democratic platform with
both feet, and IL vas those who differed
from him who were trying 20 push him
OH. Mr.. Cochran assei ted that there was
no instance In the history of civilization
where gold and silver ever circulated side
by side at any ratio. 1t was impossible
that they should do so, and he deHed the
gentleman from Mis- souri (Mr. Biand) to
name an exception The fluctuations of the
values Of the two coins were sufficient to
constantly drive out the dearer metal and
this, said Mr.. Cochran, was the inevitable
result. France was compelled to import
socO, ooO,oJo in gold to maintain the parity
of the silver which she had coined. That
was what the United states would nave
to do il II was desired to maintain the
parity Of the silver we have coined.
Referring to the assertion In the recent
speech OF ths gentleman from Nebraska
(Mr. Bryan that silver was the basis of
value OF the farmers products, Mr..
Cochran inquired: III that be SO why do
you not give him the value OF it, You
would give the farmer 3yiL grains OF
pure silver while l should give him 56ik
grains" The debasement Of the coin
proposed. Mr.. Cochran said, would have
the result Of reducing debts
TO the amount OF IS per cent.
The gentleman from Nebraska (Mr.
Bryan assumed that the loss would fall
on the banks But the fact was that In
the nature Of things the banks and cor
porations are the debtors of the country
and the workingmen are the creditors.
Gentlemen tell us that gold has appre-
ciated. ] deny IL. The Aldrich report
shows that never before in the history Of
the world did the laboring man in Amer
lea receive so much In gold for his labor.
lCheersl. But the gentlemen from Me-
braska and from Missouri propose
by their plans to make the bankers OF
New York alone a present OF &ai, 600, 600 in
the settlement OF accounts with their de-
positOrs, and to deprive the lsboring man
of AZ par cent 0f the valua ~ hia vvx.L -