Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1894-10-27

PIrTsBURe, PA. October 36.-This
was Democracy's night in this city.
Candidate for Governor Of Pennsylva-
MIA, VIM. NJ. SingsrlY, and j. Il.
Eckles, Comptroller OF ths Currency of
the United States, were greeted by an
audience in Carnegie Hail seldom out
numbered by the Republicans in this
district at their big meetings. Previ-
Gus TO the meeting, a parade made up
Of the many Democratic clubs and citi-
Eens, headed by the distinguished guests
marched through the principal streets
greeted by enthusiastic cheers and red
fire.
On reaching the hall, the entrance Of
Messrs. SingerIy and Eckles, was greet
with great applause
Mr.. Slngerly was the first speaker Of
the evening.
IN SUBSTANCE HE SAID;
"We are lodging no issues, we are
/ hesitating on no questions. We have
| no apologies to make for our party, its
candidates nor It's platform. We are
proud Of It's record. First OF all, the
/ Democracy killed the force bill and II 1t
| had done nothing else, its record would
| have been good for that alone.
"In Philadelphia and PittsburR, while
they do not intend 10 carry the election
by bayouets, they have announced that
thoy will have 10000 10 the former and
N
/ by padded registry lists.
"Our next pride is the repeal OF the
| Sherman silver law.
The third act OF grace was the pass
age Of the Wilson bill. Great applause.
II was the first honest step toward tar
| iff reform since 1862.
Tine Wilson bill ts not two months
old, and yet there is no part OF the
United States that has not found some
revival pulsaJion 10 the tide OF trade.
The Mckinley DILL was not month old
when the country was racked with labor
troubles and Ia the three years OF It's
existence there we're 1,200 strikes
In referring 60 the A. p. A, Mr..
SIngerly said be wanted the American
hrg 10 be the protection OF American
citizens everywhere, but said be, want
the fsg TO give an American the right
TO worship God as be pleases. want
no secret society, no assassin TO hide 10
the shadow Of the bedside, and dictate
10 mothers how their ofsprings shall
lisp their prayers. We want you TO
stamp It out and grind II under your
feet.
I'VE want no man for chief executive
OF this State, VINO, when confronted
with this question only answers that he
will enforce the constitution as he finds
il. Damn such cowardice."
This sentiment was greeted with
roar Of applause.
After Mr.. Singerly concluded Hon.
John II. Eckles was introduced.
COMPTROLLER ECRLEs' SPEECH.
Mr.. Eckles prefaced his speech by
| saying BE wished to discuss 10 spirit
OF absolute fairness, matters Of common
interest. Reference to a recent speech
by Mr.. Reed in Chicago, he said:
deny upon one hand that the coun-
try is sitting in sack-cloth and ashes
and upon the other that the condition
which characterized the months Of 1898
and the early months OF 1894, is due
more TO the Democratic party than TO
that party TO which Mr.. Reed aCknOWl-
edges political fealty.
The thoughtful students OF the fnan-
cial and business conditions OF the past
year, will rise above party and view
! these questions in the light OF business
| principles, must uuavoldably be drawn
TO the conclusion that the two great
causes Of the distressing condition
Of affairs which we have witnessed all
| over this land, which 10 turn have in
/ iured the undertakings OF the capitalist
| and Withdrawn from the la0orer his
daily bread, were the Sherman silver
act and the Mckinley tariff laws OF
1890.
Cleveland upon leaving Office In 1889
had turned over 10 the incoming admin
istrstiou treasury full TO overlooking,
upon his return 10 Office ne received
from President Harrison q treasury al
most depleted.
The conditions which had slightly
manifefted themselves in 1890, immedi-
ately after the passage Of the Sherman
act, found full fruition Immediately
after the condition OF the treasury and
tunstely, however.
THE TREASURY WAS so BARREN
OF funds that the administration could
not, as was done in 1873, and again in
1854 and 1885, and to the extent OF
ninety-nine millions In 1890, purchase
bonds aud thus relieve tue monetary
strlngenCy which was upon the cCun-
try. Deprived OF such means the panic
assumed such proportions that within q
period between Nav Z and October B
more than three hundred and fifty
millions OF Individual bank deposits
were withdrawn from the national
banks alone. To meet this condition
the banks were compelled to call 10
| loans and discounts, thus taking from
the active channels of trade an immense
amount Of money. As the Withdrawals
continued, the monetary strIngency in
creased, and the effects were noticeable
in every line OF business, and particular.
~ in every manufacturing enterprise.
Happily for the country, the sherman
act was repealed, and since the date OF
its repeal the interests most affected
have shown a continuous aud increasing
Improvement Bank deposits nave in
creased and within the period Of one
year, from October 1898 TO October 1894,
the loans and discounts have shown the
enormous increase OF
TWO HUNDREDS OF MILLIONS
Of dollars, more than sixty millions Of