Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1893-09-02
Ex.SPEAKER REED.
His Address on the silver Question In the
House.

htH A00resS OIL biNeE Sueotho" - s>>s
House.
WASHINGTON, Aug. os.-Saturday
marked the elimination of the silver
debate in the house, but although 1t
was intensely warm in the open air
and more than sultry in the hall OF
representatives, the galleries and floors
were crowded. 1t was known that eX-
Speaker Reed would virtually open the
debate and that many of the most
noted orators in the house would DO
heard from during the day.
Ex-Speaker Reed, in beginning his
speech, confessed doubts of the wisdom
of the house to deal satisfactorily with
the question before It, but expressed
his comfort at being able to fall back
upon the we'll esta blished belief in the
wisdom of the decisions of congress.
Crises like the present, he said, were
inseparable accompaniment OF all hui
man progress, which was series OF
upward starts and of falls Of almost
proportionate length. The huctua-
lions occurred almost simultan-
eously, always alphabetically the
world over, SO closely was business
allied by the telegraph and railroad.
Because of the fact that the drain OF
gold from the United States since the
passage of the Sherman law in 1890
carried out of the country an amount
equal to the value of the purchases OF
silver under the law, people saw in it
the cause of the loss of gold and dis
trust was engendcred and season of
boarding and depression set in and to-
day the country was suffering all the
calamities of restricted circulation in
the midst of an abundant supply of
money.
Mr.. Reed then declared that the dem
ocrats won last fall because of the
apathy of the people. He believed that
a large proportion of the troubles of to-
day were due to uncertainty rs to
tariff legislation. No matter how con-
servative the democrats might be, their
pledges were such as to cause manu-
facturers and business men to draw in
their enterprises. He did not think
the Sherman act in itself alone was re-
sponsible for all the ills Of to-day. but he
did believe that il and the consequent
accumulation OF silver were the earliest
indicators of disaster He thought
that the workingmen of the country
would call halt on the still greater
threatened dangers from tariff reduc-
tions.
Passing to the consideration Of the
question of repeal, Mr.. Roed said that
while he was in favor of it he did not
think it would Immediately cause n
revival of the prosperity of the country.
Nevertheless he would vote for repeal
first. because, whether justly or not,
the Sherman law was believed to be
the cause OF the unreasonable boarding
of currency throughout the country.
In this connection he paid
a compliment to the managers
OF the banks generally, say
ing that in his Judgment they were do
ing an honorable and patriotic work.
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 upward turn of the
countrys business.
Mr.. Reed paid his respects to the OBJ
lection that proposed repeal was re-
newed demonstration of silver and
characterized the charge that the law
of 1873 was a trick as lone of the most
stupendous fabrications which has ever
existed in political life"
In conclusion MIR. Reed said:
What then. 10 the pathway OF duty! Tho I'M
conditional repeal That will either give relief
or not and u not then We must try something
else and the sooner tho better. II IL matter
Of deep regret 10 all sensible men that we have
delayed so long. Men are to-day struggling
almost against fate and praying for relief The
banks are strained almost TO the point Of break
ing I, is such PIN shat We had TO waste SO
much time in this weary welter OF talk.
We stand In u vsrv peculiar position, We re-
publicans, to-day. The representative OF tho
democratic party. just chosen president, finds
himself powerless In his nrst great recon-
mendstion 70 his own party. Were he left to
their tender mercies tho country would witness
the spectacle OF the president Of its choice over.
thrown by tbs party charged with this coun-
try's government What wonder then that he
appeals 10 the patriotism OF another party
whose patriotism has never been appealed 70
In vain Sever, say, In vain.
The proudest part OF the proud record OF the
republican pArsJ has been its steadfast devo-
tion 10 the cause OF sound finance. When the
country was tempted 70 pay its bonds In depre-
cisted money, the republican party responded
with loud acclaim 10 that noble sentiment OF
Gen Hawley that every bond was as sacred as
q soldiers grave II cost US hard lighting and
sore struggle. But the credit of this country
has no superior In the world When the
Same arguments heard to-day were heard
afteen years ago sounding tho praises OF
3 deprecated currency and proclaimng the
yories OF nat money, the party OF Abraham
Lincoln marched steadily toward specie pay
ment and prosperity. What we we're In
our DAYS OF victory we are In our
lays Of defeat-champions Of true and
solid fnance-and when the day comes,
as 1t surely will come. for US to lead
this land back to the paths OF prosperity and
fame which were trodden under republican
rule for so many years, we shall rake back
with US our ancient glory undimmed by adver-
ia II. -. HI H.