The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1893-09-02
REED SPEAKS.
Ne Goes on Record for the Repeal OF
the Sherman Law.
Tho One Great .Cause of Our Financial
Troubles IL the "Undiscoverable Uncer-
tainity" of What tho Democrats
Party VIII DO with the Tariff.

Troubles IL the "UndlscOverable Uncer-
tainity" of What tho Democrats
Party VIII DO with the Tariff.
WASHINGTON, Aug. 49, I'm the house
Saturday Mr.. Reed, of Maine, spoke on
the silver question. There was breath.
less silence during the delivery. Fol
lowing is n synopsis of his remarks:
In beginning Mr.. Reed confessed doubts Of
the wisdom OF the house to deal satisfac torily
with the question before It, but expressed his
comfort at being able to fall back upon the
wei established belief in the wisdom Of the do.
oisions Of congress Crisises like the present, he
said, were insepnrable accompaniments Of oil
human progress, which is series Of upward
starts and Of falls OF almost proportionate
length. The former may be characterized In o
word. confidence" the latter In another word,
'distrust"
These fluctuations occur almost simultane.
ously, always alphabetically, the world over,
80 closely is business allied by the te egraph
aud railroad Because of the fact that this
drain Of gold from the United States since the
passage OF the Sherman law, in $780, carried ou,
OF the country an amount equal TO the value oi
The purchases OF silver under the law people
saw in 1t the cause of the loss Of the gold, an6
distrust was engendered and u Sc ,son OF hoard
ing and depression set In, and to-day the country
Is suffering all the calamities Of q restricted
circulation in the midst Of an abundant supply
OF money.
''The underlying cause a the present condi
tion of affairs is: At the last election the demo
cratic party was brought into power by q cur
ious combination Of circums tances as the re
suit OF q hundred causes, not with careful an,
candid delibera ton, but the result, in larg
measure, OF the apathy Of the American people
The vote shows what declare, and the recol
| lection Of every individual to whom am speak
tytfy In nfnlxy 1n1 htY
has not been specially manifest during this dis
cussion, while there has been little talk with re
| gard to it, nevertheless, the consciousness Q
this fact underlies our entire situation.
"What the democratic party proposes to d.
with the power which is in their hands, nobod
can say. They do not even know themselves; an
hence they are not able to impart the knowl
| edge to others. For my part, do not expec
| the democratic party to be utterly bad. I
| not believe they will be permitted to be SO
| they should desire.
''Such is the restraining influence Of the pee
pie, even after election, that believe tha
through all the disguises, through all the mask
| which this election has thrown over the wishe
| OF the people, nevertheless those wishes will b
| carried out But at this present moment n
man can know what will be the result of tn
| action Of this congress upon the manufac turer
| Of this country
~ will not undertake to dwell 1T this presen
time, for do not want to confuse the issue
| upon those unfortunate parts Of the democrati
| program which are ut present in allegiance, lik
| the establishment of state banks and othe
| financial measures, which we may possibl
have to struggle with. can characterize in
| single phrase the cause Of the present cond
| tion Of affairs 1t is the undiscoverable unce
tainty Of the future OF both the currency ques
tions and the questions OF protection an
revenue tariff.
ut will be seen from what have said that
| dn n
alone, responsible for our present condition {
affairs; that believe that the cause OF our pre-
ent disaster underlie that; that the necessar
stoppage of hundreds and thousands Of million
all over this country Is at the bottom Of our d
aster. Nevertheless, do believe that the She
man act, with the accumulation OF silver in tn
treasury, was the earliest indicator OF the di!
aster which We are approaching, and that it ha
played part not entirely unfortunate in war;
ing us that we can be saved from still furthe
misfortune and doubt
Referring then TO the new political condition
which exist Mr.. Reed said: "It is perfect
true that the democratic party is responsible
: for whatever occurs in the future, and wha
ever does not occur. They have the presiden
/ they have an enormous majority in the house
representatives and they have the senate
themselves" 4"
Passing then to the consideration of the que
tion of repeal, he said, that while he was in f;
vor of II, he did not think it would be an imm
diate cause OF a revival of the prosperity Of II
country. Nevertheless he would vote for r
peal because, whether justly or not, the She
man law Is believed to be the cause OF the u
reasonable boarding OF currency througho
the country.
In conclusion MIR. Reed said: What, ther
is the pathway OF dutyp The unconditional r
peal? That will either give relief or not II nc
, then we must try something else, and the 500
Or the better.
I'VE stand in a very peculiar position, We r
publicans to-day. The representative of Il
democratic party, just chosen president Of Il
, United States finds himself powerless in h
first great recommendation to his own part
| Were he left to its tender mercies the COUNT
, would witness the spectacle OF II
,, president OF its choice overthrow
by the party charged with this country
government What wonder then, that he o
peals to the patriotism Of another party who
patriotism has never been appealed to in val
. "Never, say in vain; the proudest part
the proud record of the republican party hi
I been its steadfast devotion to the cause
sound finance When this country was Tempt
4 | to pay its bonds in deprecated money the I
publican party responded with loud acclaim
D that noble sentiment Of Gen. Hawley that eve
bond was as sacred as o soldiers grave.
g cost US hard fighting and sore struggle, b
4 the credit OF this country has no superior
the world.
"When the same arguments heard tod;
were heard 10 years ago, sounding the prais
. Of deprecated currency and proclaiming u
.lories Of fiat money, tho party OF Abraha
Lincoln marched steadily toward specie pn
. ment and prosperity. What we were In o
D days Of victory we are in our days of defe,
champions OF true and solid finance and VIII
the day comes, rs 1t surely will come, for US
lead this land back to the paths Of prosperi
and fame which were trodden under republics
eule for 80 many years we shall take back wi
us our ancient glory undimmed by adversit
our ancient honor unsullied by defeat"
i Citizen Marines Take q Cruise.
New YORK, Aug. 2S-The New Yol
naval reserve will leave on its third a