The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1893-09-20

duced the panic OF which We complain.
/ should like to ask the senator why 1t
is, then. that the panic did not begin
last November when It was ascertained
that a Democratic President and q
Democratic Congress-, pledged to the
fulflllmeEt Of certain principles laid
down In their platform, were electedy
Why did the country wait until May
of this year before 1t got into a PAN
licky condition?
/ Mr.. Higgins-I will remind the sen
fator OF the familiar problem In dyna
mics that we were taught in school OF
velocity into volume. This Is a big
country. Its momentum carried II
'lforwnrd-tbe momentum of that un.
lparalleled prosperity that aoeompa'
MED and followed thlrty-three years OF
! Republican protection.
l Mr.. McPhcrson-Will the senator
'Ipermit me again?
Mr.. Higgins-With pleasure.
Mr.. MoPher5on-I do not see how
there can be any momentum except
there lie some acting force to start the
object moving. The Senator's state
ment is amazing to me. The manu-.
lfacturing people OF the country had
been through a campaign in which the
Tissues of the two parties had been
presented most forcibly to the people,
.land the decision OF the people was IN
flavor OF the Democratic party and Its
'lprinciples and its candidates. The
'lSenator speaks OF momentum. How
was it acquired? Was 1t acquired
Through the other Republican act,
the Sherman law? Was It started there,
and has that momentum acquired
force by reason OF the tariff. Or what
does the Senator mean by his state
Iment2
Mr.. Higgins-I shall be very glad to
answer the rather volumluou5 ques.
'ltion OF my friend from New Jersey,
taking up the lust point first. 1t is a
'lquestion that desired to discuss be.
fore / conclude. AS the continued
Issue of Treasury notes under the pur.
chase act contributed to the large vol
ume OF business of the country, ana
It's apparent II not Its real prosperity,
III think that under wise and coura
geous Treasury administration, sucll
las we had under Benjamin Harrison.
> that process might have been cuntin
itued for considerable while. On the
lother hand the very serious question
is whether 1t did not promote all kinds
of schemes and plans that were prema'
-ture. the looming of towns, the un'
healty growth OF cities. the putting
1lupon the market OF all kinds OF
: schemes that needed to have the bears
> of New York to punch holes through
, and by which people lost money.
i 1t may have been that. But the sena'
:. tor can not lose sight Of the great fact
] in that hive OF industries which he re
presents and whose welfare, | think,
he and his tariff reform will help Ia
destroy, that all those people and
tneif kind throughout the United
i States were full Of orders that they
! had to complete. They were in the
iImidst OF an existing prosperity
! existing condition, and 30 they filled
] their orders aud they went on as q
b man does in tue fullness of supert
health and strength who never felt the
e knife that entered his vitals and did
: not know tnat his life blood was eb
l thng until he staggered to the ground
S MIR. Dolph-WilI the senator yield
, to suggestion from me?
d. Mr. HiggiEs-Wi;n pleasure.
. Mr.. Dolph-I have been told by q
gentleman entirely familiar with the
G great manufacturing business and &C
I qupinted with the great manufuctur
ers oil tho country that tho next day
J after the result of tho Presidential
, election was known they began tc
hedge. to curtail their operations, Ia
make their collections, and TO prepare
. for the storm which was coming; tina,
Sithey did II quietly because they did
not want to create IL panic; that they
: wanted to put their own business In
: shape before the country becamt
alarmed that they did commence to dc
exactly what the Senator from New
Jersey has suggested; and that the
, alarm did not become general until
their purnos es were SHOWN.
MIR. Higgins-l thank the senator
from Oregon both because bis sugges
tiou Is pertinent aud beca use II reminds
: me oil my failure to have with me a
= letter addressed to the by veteran
manufacturer OF my own state. which
: was published In it's press few weeks
ago. lie Is the largest oldest manu-
Iacturer OF car wheels In the United
states. He said TO his song, who are
now In the active control OF business,
} The morning after the election: "Cle "
: down your sails; make no further
contracts that are not necessary, and
prepare for a storm"-precisely ii
WIS put by the senator from Oregon
VINO almost repeated the words OF my
constituent.
Mr., President, we stand here. Repub
I llcans and Democrats. in o patriotic
+, endenvor to bind up tho wounds Of tn,
+ country rs far as can be done by thu
repeal of the purchase clauses of tht
sherman act. But, say the friends o
free coinage, we will not let you. L,
he sure nobody is friend OF the law
The senator from Missouri (Mr Yest)
In his familiar but picturesque man
Iner. denominated II homeless, wan
.derlng dog. with no friend. But it ha
found friends--frieDds in those wnt
= did not vote for it friends in .hos'
: who denounced 1t. and friends VIII,
now are using it openly and avowedl!
AS n club. They say
. We see the country Is in dire ex
. tremity end suffering but we will moi
: lot you out Of it. We will make YOU
J very suffering the occasion and TIN
means OF enacting our favorite idea. L
l not II remedy Nov. will give then
Q he full measure OF credit OF believing
Z that their remedy. free coinage. woult
g tie n letter one than repeal. They tEinl
y that repeal will work greater disaster
! that the threat of 1t contributes 10 tn
! present condition OF thin2s. and the!
y think that free coinage would 20
II good remedy.
y think that the country is under oh
;. llEullOA TO lne senator from OTepOi
y CHR. DoIph) for the very plthy ant
); powerful way in which he gripped thl
u question anu Its opponents day befor
Q yesterday. Accepting the pivota
e proposition of the senator from Colo
L RADIO (Mr. Teller, who leads In thi
!. contest. that he should vote Ggains
Q the free coinage OF silver by the Unite
0 States alone IL ho believed that I
c would not put silver to q parity witt
!. gold. the senator from Oregon sat
U thnt he would vote for the Tree coin
Q age of silver IL he believed that
e would put silver at parity with gold
and thus this contention 8 brcugb
u down to q very sharp issue.
T. Nc one denieE tnat II isolated fire.
y coinage by tho United States ut th
u ratio of III to would not bring silve
i to tho bullion price in the market Q
e 3 90 an ounce, then tho gold woul
II cease tc circulate. 1t would go out Q
j. the country; IL would be boarded
: would no longer be part Of the oil,
:. culati9n Of the country. Or Gours
y we have had ample experience OF that
and il needs only To be menti oned /
complete the statement Of the eass
l.. The True LINK alive Principle
+ or the plants used In nanufacturin
Il the pleasant remedy. Syrup of Figi