The advocate and Topeka tribune., 1893-09-20

Operate with him in the successful admins
tration Of the financial policy Of the govern.
ment. Everybody shook hands and there
was harmony all round"
Laughter.
The New York Sun Of Saturday, April 20,
in ito financial column says;
'TThe conference yesterday bewteen SEQ
rotary Carlisle and a number Of the bank
ers Of this city was Of great value in that il
resulted in definite understanding Of the
financial policy Of the administration, ag
indicated in this column last Tuesday. That
policy is to inteFpose no obstacle to the
natural operations and logical results of the
Sherman law. In word, the sdminiStra-
tion proposes TO allow the people to reap
the rewards Of their own folly.
Was my friend from New York [Mr.
Cummingsl in tho city Of Washington on
the 1gt day Of May lagb2
Mr., Cummings-I was.
Mr.. HstOh-I thank the gentleman for
giving me that information, because il
furnishes key TO the whole situation. The
New York Sun, in itS Washington letter,
published May 1, 1893, says
Mr.. Cummings-Will the gentleman per-
init an interruptionI
Mr.. HstOh-Yes, sir.
Mr.. Cummings--The gentleman's state
ment is correct, but his assumption is Or
roneOus. Laughter.
Mr.. HRtoh-That remark is simply evoked
by the gentleman'S modesty. Laughter.
1 will read this statement:
"The statement Of Mr.. Carlisle 20 the
New York bankers makes il clear that,
while Mr.. Cleveland works in congress, the
bankers will be expected to work, not in
New York only, but throughout the country,
doing their utmost to pinch business every
where in the expectation Of causing money
crisis that will effect congress powerfully
from every quarter. There is an explicit
ness in these declarations and bOldness in
making them that would be astounding
were not the country too familiar with Mr..
Cleveland and his methods TO be Rstonished
by anything from him."
The circulation and importance Of this
paper warrant the assertion that Mr.. Car
Isle read these statements. have watched
in vain for any denial or even modification
Of them. On the contrary, proofs as strong
as Holy Writ are RCcumulating TO justify
and prove their correctness.
Now, my friends, there is the beginning
Of this money crisis. Il was determined by
the New York banks, in aid of the policy Of
the secretary Of the treasury TO secure re-
peal Of the Sherman aOt, 20 create money
panic; to make the shoe pinch down south,
and out west, and all over the land; but
when they had set the ball in motion they
found itS velocity such that they could not
stop il for q moment, and they have not
been able TO do 30 up to this time.
Therefore we are to-day plunged into
money panic the most deplorsble that has
been seen in the past century. Fortunes
that were counted By millions have been
partially or wholly wiped out, business is
prostrsted everywhere, manufactures and
great enterprises all over this land have
been stopped, small tradsspeOple have been
ruined, the prices Of everything that the
people have for sale have been almost de-
stroyed because there is no circulating me-
dunn in the country with which TO buy
them. And these gentlemen under these
conditions, 10 "restOre confidence" have
brought in the little bill proposed by the
gentleman from West Virginia, simply to
repeal the purchasing clause Of the Sher-
man act.