The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-09-02

ubon I'M. tNpption by Germany OF tho gold
eject upon the Latin Union, and said that at
about the seme time the United States ceased
a. IN %ss nremn sys
sn ss sSer 70 n Ssc S s t has t
der tho operations OF the Bland Allison act
e9l5age was resumed. With certain amount
Of tho N the OF the
used. as Il always had been. against the coin
age OF silver, still. Y stayed the downward
co 9T.e OF silver. and the people received 1t
Every Government that had demonetized
premium. and whom the coinage was stopped
gether, in the United States began. aided by
world and onr own Government. II coinage
stopned here silver ceased to live throughout
peal Of the law Without any substitute meant
the end OF silver money for this generation.
unless rSveISti2n q 4, the peNGie should re-
CITATION Of s 'ff tine sh fsae ri:
movement for the repeal of the sherman act
holders OF the world Our own Secretary OF
the Treasury had s3id TO- p II had been re-
anG nS%hoe dsne the
value, Of Tho gold in the hands Of, those who
By ' making ing them psyabie in gold. The method
Of the attack was BY the creation o. a panic.
targ Of the Treasury R in gold the
notes issued In payment fer bullion. and said
sn. any bs nE U mdan bS wG %a
to be used in favor OF silver when tho condl
ton Of the Treasury required 1t. Most Of tho
notes. although any other, obligation Of the
government was payable In the same coin.
to show. that the departure OF gold was at.
tributable to- the sherman law. and for that
purpose they chose to redeem dee th9 S notes.
tended to go to a silver basis and sent back
some Of our securities. and the clamor that
began In false pretence ended In howl OF
Mr.. Vance then referred to- the inflow Of gold.
but
rency. refused to loan money and enforced
staanation in all branches Of business. Never
The sherman law sent out gold It surely
The fact that in the midst of this clamor our
resources are 80 great as to be able to check
tie outflow OF E9id ana to turn ne tide In our
man whose confidence is worth securing.
The discussion Of this question. Mr.. Vance
use OF both gold and silver in their platforms.
5hS f. R E.Sss ssS IS
various that It could hardly be, conceived that
oil were acting In good faith; With all tho
and national. staring them in the face. as well
MS their own speeches. promises. and votes in
the de es' Of tains OFF Of sVs
some re Senators oso clamoTed al the ereer and
on on the Statute book which gives It lie In the
presence OF a position SO defiant OF logic and Of
pearing to violate those courtesies which were
demaadsd by feelings Of personal respect and
declared that they loved silver money. bfmet:
dllism; therefore they slew 1t. They wanted
%asi as snd Hy ss sonss 1a Germs
the s steppsd coinins slver fhey dss5ed
sight.
Mr.. Vance said he believed In the promises
Vote for the repeal When the platform Dc.
m"keshit." did it mean "a a skeshiit for free
coinage Of silver or the use OF gold: q make.
s 81 for blmetaIism or monometallis 81 II
silver. was not this bill for its repeal.
coasra and ns WORSE SIS efssh srfftit
meant that It was a cowardIy mnkeshitt 70.
raj yns
makeshift for the truth2 Finally. Il the lam
guaRe OF the platform. tex en altogether meant
holders and stock brokers first. BY uncondi-
tional repeal, accompanied only by a short
that L is our policy at some future time the
Lord knows whenj to do something further
lying out tie other promises Of the patiorm,
were not the makers and upholders Of that
o AND TO
as to deceive the people whose sufrraRes they
were seeking
II such an iptsrpretstton Of the plsttoEm, IS
for repeal. and presumably by the President.
had been ann9unced during the campaign Of
that Mr. Cleveland Would not have ' carried H his
State North Cardinal by 10000 votes: and he
q single electoral vote south Of the Potomac
msnt Of the Chicago platform in the uncon-
postponement. He wondered IT, in any OF our
political literature. rich as it is in ingenuity
genius, overburdened as It is with every con-
ceiyable and uncomfortable form OF Wild
S9ss and which hun
men Of oil opinions have had chance to ven
tiate them. anything could be found approach:
Of a par. OF the Chicago platform. Was there |
ever q cat trctting through the tangled thick. |
barren wilds Of the Rocky Mountains $50 SO wild
and untamable as this catl Vas there ever
any bug discovered and classified by science
Ire pars IN ana and
again IN 1892. made certain pledges to the |
changes II the, people, would only put them 10 |
power where they could enact laws. Last year |
II promised to secure the use OF both gold and |
silver as currency and maintain the parity |
Of the two. These promises were con- |
tained in one paragraph. and In good faith |
are not separaDla. They con stituted scheme |
by which the financial policy OF the country
was to DO reformed. and honor and fair dealing
required those promises to be carried out to-
yether. Democrats were put in power. and
Mr.. Cleveland. though known to be personally
hostile to the use OF silver. was elected because
he people believed that he would cnrry out In
good faith the promises made for him In tho
platform. and to which he ncceded in his letter
II acceptance. In the fultlment Of these
promises. the first thing done was to yield to
he clamor OF capitalists and anticipate the
'egular session OF Congress for the sole pur-
,ose Of stopping the coming OF silver and
,othing moro.
Mr.. Vance conceded that the repeal pro-
sramme was likely to be carried out but asked
What would be done with the remainder OF the
platform. The banks and stock broking gam
,lers were given all they wanted under this
tiIi another promise. II, the promises at
jhicago were not good. how. he inquired.
would the promises inserted in the law become
my better? The President. in his message.
lid not intimate that anything more was to be
,iven. and the promises contained in the bill
we're OF general u nature as to be evasiyo
md indefinite. II the party intended to enact
he laws It had promised 1t should do 1t now.
I the party was acting In good faith 1t would
AIRY out those pledges now. and II the friends