Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1893-09-04

other AMI create jeaiousies between differ
ent sections Of our country.
Today the disaster is general. He who
talks of a conspiracy of banks and corpof-
atoms against the people talks the sheerest
nonsense. IL is but the fools mumbling.
Ii is an assertion that the bArks. manufac-
turing establishments. and other corpora
tons have entered into . conspiracy to
commit suicide for the pleasure of seeing
the plain people suffer and die with them
selves. This is absolutely idiosic IS we'll
~ harmful.
OF currency on tbs condition of the national banks
n the United States, on July II last, shows \ de.
etesse -iaes NAV 4 lasi in individual deposits Of
si.e., t0d 600 ia loans and discounts ef sl5. eco.
Ua, IN spec OF sei,1S.too, and in undivided pro
nis o! Si3,Os,pS
This statement is no worse for the banks
than the facts which exist relative to our
railroads, manufactures, and merchants
accounts Who believes that they, or any
Of them, have sought to bring this unfor-
iunate condition upon themselves Ii ID
impossible TO believe il, because it is not in
/ he nature of man that it can be true.
| And if. ont of the grea. distress and suf-
t-iing which is upon every section and class
in our country, shall come thorough real
izi,ion by our people of the interdependence
of all men. all pursuits. and all parts of our
Land, though the medicine be harsh and
p,inful to take. the cure may be more than
worth the suffering. Applause.
What | most fear is that the one perma-
n-nt result of the crisis W i'll be the reduction
Of the price of labor. That must certainly
occur if the Democracy shall 90 on, after
We shall have settled the currency question.
to strike down protection 10 our industries
by the vicious tariff legislation with which
It threatens the country. Our factories and
furnaces will not always be lille. Even il
tree trade shall jnundate them with flood
# foreign cheap-iabsr products. they will
-rentually emerge from the deluge, but only
BY employing our idle and impoverished
wor kingmen at European and Asistic cheap
wsues
Gentlemen of the u. mocratic party, you
are in command. You have the Senate,
the House. and the President. You alone
have the power to enact laws. The great
army of American workers and voters are
looking to you for some legislation v hich
shall relieve them from the situation in
which your unfortunate policy has placed
them. You have done nothing yet to give
them even one note of encouragement. All
i, as uncertain and more distressing than
when the President called Congress to-
gether. How long shall a suffering peO-
pie wait to catch some ray of hope from
you: Will you not lift the gloom from
,hore Who are so coursgeously facing the
storm and fighting away despair
| Is there no commanding soul, no guiding
spirit among you, to inspire you with pstri-
ptlc determination and lead YOU to wise aud
unselfsh effort? Will you repeal the pur-
chasing clause of the Sherman silver law.
empower the national banks to issue bills
equal to the full value of their deposits of
government bonds. and pass an assuring
resolution upon the tariff and wild bank
! questions?
Unless you do these things, the wind
which swept you into power last November
] will become the tornado that shall hurl you
from political ascendencv forever. II in
this dire emergency you fail to fulfill your
trust no one will be found to trust you
again. TApplause.