The Red Cloud chief., 1893-09-22
McKcighan's speech.

w ~ ss"N
Congressman w. A. McKcighan would
deliver II partisan speech at the
opera house on Tuesday night. Septcm.
Der 10th, the house was we'll filed, and
the speaker was introduced by the Hon.
JAS. Gillian, who. in n few s%ententious
remarks, denounced the reckless legis.
lation and showed the Importance OF a
unison OF the people to prevent it. He
also said that Cong. McKcighan and he
had differed as to who should be county
sheriff and similar officers. but were vir.
tually the same on greater issues. He
said that II peop'e had been fairly rep.
resented in congress, and that, in intel
lectual merit, McKcighan's speech would
compare with any made in congress this
year. Congressman McKeighan then
proceeded in his usual graceful manner
and, with the exception Of frequent in.
terruptions by an ignorant and obstrep.
crous man in front, there was no pause
till the close.
His speech was logical and instructive.
and he treated his subject with ability
and fairness. Lack Of space and a fail
uro to procure the speech YER batim
precludcs us from giving It the publicity
it deserves. Below, however, will be
found a synopsis and extracts Of the adj.
dress:
calamity bowling is the cause OF the
great financial depression. News spreads
quick and people arc quick to take
alarm. Wall street attempted to teach
the west an object lesson. At the time
the Sherman law passed, reports show
that we had s2i0,O0O,OOO in gold, and the
panic is not due to tho Sherman law; it
would have occurred anyhow. Wall
street was bound TO force q bond issue.
When the panic came on, people went to
the banks for their money and then
boarded it up. am unable to see that
tho Sherman law has any connection
with the condition Of the country.
There is nc intelligent man who would
dispute but that it would be as easy to
take gold out OF the country with the
Sherman law as with il. How will the
repeal OF the silver law have anything
|, to do with keeping gold in this country?
All over the south. darkies are paid in
silver-thcy do not think il is depreciat.
ed.
When ! was in Washington, / received
letters from friends, asking me to enclose
, a small remittance and thereby restore
confidence, and they did not object to
silver. have q friend in New Orleans
, who said that, because OF the newspaper
cry, the people made a rush IN the banks
and drew out their money and boarded
il up. There is no object in running a
bank when you are compelled to keep
money on hand to pay deposits. Many
men have agreed that this panic was
caused with an object OF soaring the
people.
Thos. b. Reed OF Maine is an acknow.
lodged leader OF the republican party;
I Burke Cochrane OF New York is the
democratic leader. l want a double
standard, because il one metal shouldbe
called abroad, the other could remain.
There is 10 human law that can regu.
' lat, the value OF dollars; it is regulated
o by supply and demand. Before this
D congress is over, | predict that the panic
will be over, and before this session is
d over, the question OF American banks
: will become uppermost. The question
is, how can you keep the two great coins
ON a parity ? You can take any stated
J. amount Of silver and gold and buy more
goods than you could in 1873, as the PEG.
. pie nave to make the laws OF this coun.
try and Cleveland has to execute them.
e We have been on a gold standard since
n 1884. Only IL republicans voted for
free coinage. la congress, il was pro-
# posed TO vote at IA ratio of 1G to l, then
8 ls to |, then 10 to |, then 20 to /, and the
Il 20 to lgot the least vote.
1t is popular error that America is
Is in debt, and for that reas IN, do doubt.
won't prosper. There is no country on
d earth with az good credit as America.
l. She has a grand variety, and in point of
resource, tho richest country on earth.
It think, as always have thought, that
II We might regulate our taxation. Think
there is danger in the near future, and
I. let us all cease to be partisans and be
lf patriots. Sectional feeling is advancing
d in this country and congress must be
ii wise and careful in its legislation. have
D. never changed my opinion since ] re-
IN ceived my nomination in Hastings con
1t corning the great issues of the day. |
al detost the Ie vspaper criticisms; they
r. %censure both me and my colleagues, and
", when ! 60 to Washington, | am too busy