The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1893-08-03

work OF their own Sherman bill OF July,
1890, and clamor for Its repeal. This IL an
acknowledgment of their own wrong.
But In order 10 befoR the issue and es-
cape the conse quences of their evil meas>
ures OF public policy, these partisans de-
clare that q year ago everything was
prosperous and serene,
What q falsification OF history
A year ago the militia was In arms In
three states TO put down revolts against
| reduction In wages.
In July, 1892. one year ago this month,
the exports Of gold were over ten millions
OF dollars. AT present the tide has turned
somewhat In our favor,
The loss of gold indicates q lack OF
confidence, and 10 q symptom OF unfavor-
| able commercial or monetary conditions.
During President Harrison's sdministra'
tion our net loss of gold by export was
$l22, 900. In 1891 Alone the loss wss
S6S, ,087.
The failure of various swindlinR trusts,
as monster conspiracies for plundering
the public, beginning with Reading and
| ending with Cordage, involved loss OF
hundreds OF millions to investors and
spectators. All this has had much to do
with this financial distress.
| The Sherman act Of 1890, 10 admitted to
have been the most active cause In prov
ducing this monetary alarm. We are now
reapinR the consequence OF not having
had continued free coinage.
/ AS kuo no CuhuRtb Cau Db
made that will 60 into effect under year
from now, the absurdity of attributing
| financial troubles that began two or three
| years ago, and have been growing in in
tensity, to possible reduction of taxes
next spring must be manifested. Let us
deal with facts rather than partisan
| follies and theories. Above all things we
| need reform in taxation.
have never believed in the necessity
| OF these periodical disturbances of none
tAry and business affairs. The uncertainty
In trade, and the recurrence of ruinous
| panics, are the result of evil legislation
| legislation in the interest of thimble
rigging, gambling operators in money
business,
The constitution aims to establish JUS
tice and promote the general welware,
and our currency should have stability of
value, secure from trade fluctuations or
| convulsive changes. The American doll
lar should remain firm as the rock of ages,
and would but for scheming manipulators
who seek and secure personal advantage
| through government control.
When measures of public policy are eur
| acted with view Of favoriDa certain III.
terests, or certain individuals regardless
| OF the general welfare and even. handed
justice, disaster 10 likely 10 follow.
The fact is our good Uncle Sam hos
been horribly treated by q set of quacks
who promised great things, and the result
years ago the patient was In pretty fair
shape, but getting into the hands of the
qusck doctors, Harrison, Sherman, Reed,
Mckinley ct al, they have left him greatly
weakened. And now since they have
been discharged they are full of envy and
their botch work and quackery that
brought on the collapse. But this 10 al
ways the way with these mountebanks.
They talk about the silver dollar being
only worth 20 cents, rs IL the people did
not know that the silver dollar has as
much purchasing power as the gold dol
lar. And too,ss Is people were not aware
that the uncoined gold in gold dollar
coat less than 20 cents.
The whole aim has been one of plunder,
,,,i to bring people more ,,s and more more
power. Too often do these maRnates
succeed In their Rrasping schemes by cons
trolling governments, and so getting laws
enacted to suit their purposes. Our govs
ernment should protect the American
rights, instead OF handing them over,
bound hand and foot to the tender mer'
cies of those who know not mercy.
By comparing prices now and prices
twenty. five years ago, 1t Is doubtful IL
our public debt has been really diaiDishS
ed. That IL, Is would probably take about
as much wheat, cotton, wool and other
products to pay off the debt now as II
would have done then, although, nomi-
nally, the debts very much less. The debt
now Is about as much OF burden on the
people az II ever was.
The clhmor is now to repeal the Sher-
man law; but last winter, when Senator
David b. Hill introduced bill torepesl
il, the Republican Senate defeated IL.
Mr.. Hill made powerful speech for re-
peal on February 9Th, but his bill failed
by q decisive vote, 23 to 40. OF the %,
Iva naV.n AIa D.
publicans; and of the 40 there were
twenty of each party, quite n number not
voting.
Mr.. Hill, be 1t said,. denounced the
Sherman act from the start, and has de.
iiVersd l,1Hn numeT9ns 1!1, ,speeche: against
age, not objecting TO nee
esHaiy conditions which shoald
accompany the free coinage of both
metals to insure the safety and parity of
our currency. AS he says In his Pammany
letter: "Compulsory purchases of silver
bullion are the exact opposite of free bi'
metallic coinage. This compulsory pur-
chase Of silver each month undoubtedly
keeps up ALARM"
This manipulation Of silver then, was
not in the interest of the people, nor
done at their rf quest. The Congress in
1873 WAS not openly petitioned to change
the bi-metalic status-at least not by the
American people. No doubt there was
influence from some quarter, potent in-
hueDce too, that succeeded In q way. The
American people generally were in favor
free coinage and are yet.
| sometimes think we badly need In this
country the init alive and the referendum
as in Swiizsrlano, some plan by which the
people could vote upon measures and
thus have a chance to protect themselves
from trsfiicking, servlle, grasping poll
ticianB that pose as statesmen.
I uhnnIH hA FamanhnFQn that the RIanh
bill, so called, Of 1873. was really ALI
sons. Mr.. BANDS bill was to restore
la the Senate was changed 80 as to re-
quire the government TO purchase and
coin silver dollars monthly to an amount
of not less than S2,C00 900 nor more than
"a, 100000. This bill passed both houses
and was vetoed by President Hayes, but
was passed over his veto to become q
law.
The title of this act 10 "An act 10 author
ize the coinage of the standard silver
dollar, and to restore its legal tender
character" or course this title was false
and deceptive, BRIT was really &c prevent
the restoration. How this world 10 given
OF the bill of 1890. known as the sher-
man bill, II is sufficient to say Ii was
adopted in joint caucus of the Republic
cans of the two Houses, and Mr.. McKin-
ley, as leader of his party on the floor of
the House, Mr. Reed being speaker. shut
off debate by calling the previous ques-
ton on June 7th. The bill, In fact ID as
much McKiniey'sas Sherman's.
Mr.. Bland moved free coinage which
was lost. yeas 1l6, nays lao: OF the yeas