The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-09-16

y 'otc az luct tho NoiDtGt VI
another dollar of silver, claim to be
bimetallists. They know that the
power which destroyed silver in
1873, and Is able to sweep it from
the statute book in lS93, can and
will never be overcome for the es.
Enlistment Of bimetallsm by any
thing short of financial and polit-
zeal revolution.
Those who cast such votes. hon.
est and conscientious as | ad nit
them to be, will have the consola
ton (f it be oonsolation) of know.
ing that they have done all in their
power to strike down silver as II
money metal, to Danish bimeiallism
from our system, and to establish
gold as our sole primary metallic
money; for our silver coin is, by the
bill passed by the house aud now
before us, in legal effect, made re,
deemable in gold.
make no apology, Mr.. President,
for reading here an extract from the
very able speech of Hon. William
IL. Hatch of Missouri, recently
made in the house of representa-
tives, giving valuable inform ,tion
on the subject of the present panic,
its origin, etc.
"And if you desire to know the
present, direct, and most potential
cause of the present panic and
money famine, it can be traced di-
rectly to the action and declared
purposes of the bankers of
New York city and other
large money centers of the
government. And shrewd, astute
and able as they arroganty claim to
be, their babbling aud bullying
declarations furnish the most
damaging testimony against them
81 will read some extracts from a
great New York paper, one which is
at the very head of New York )ur-
nalism-my friend, from Ne" York
(Mr. Cummjngs) will not controvert
that statement-a paper that claims
to have the courage of It's own con-
victions, paper Independent in all
things, consistent in but few laugh
ter), though claiming to be in the
main Democratic. | read from the
New York Sun OF Friday, April
IS. After reciting some of the in
cdents of the enjoyable conference
between Secretary Carlisle and the
bankers, it says:
''As the secretary outlined the
policy of the government, it was that
nothing would be done that In any
way would retard or check the de-
termination of the Cleveland adj
minlstration concerning the repeal
of the Sherman lag. The secretary
went over the currency laws OF the
country, and said that they were in
bad shape, and needed revision. He
said the revision should start with
the Sherman law. There IA a de-
termination, also, to show to the
miners of silver the evil effects of
the Sherman law on their fortunes.
president Cleveland's advisers
have told him that the only way TO
induce the western and southern
senators and congressman to con
sent to the repeal of the Sherman
law is to demonstrate to their con-
stituents that they are losing money
every day that this law is in oper-
alton. The missionary work in
tba. direction has been started by
a numb Der of the banks in the solid
commodities of the east. They are
daily refusing credits to the south,
southwest and west, fearing the ef-
fects of the Sherman Law.
"sThe Chicago bankers, it was
said are carrying out the same line
of policy. Secretary Carlisle, in
his talk with the bank presidents,
made his stand very clear. 1t is TO
be heroic treatment all the way
through on the Sherman law, and
possibly by the next session of con.
gress the silver mine owners and
the adherents of silver in the SEN
ate and house will be ready to con-
sent to repeal of the law.
" The bank presidents, replying
to Secretary Carlisle, cordially in
formed him that they would be
ready at all times to cooperate with
him in the successful administra'
ton of the financial policy of the