Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1894-12-07
POLICY OF DRY ROT
SENATOR HANSRHOUGH AND THE
FINANCIAL POLICY OF THE
COUNTRY.
8%IMETALLIsM THE REFUGE
For This and Other Countries to Escape
from the Thraldom of the Gold Bugs
An international Conference,
with the Exclusion of Eng
land. Is suggested-Th
Forthcoming Session
of Congress.

OF Congress.
In a recently published interview, SEN
ator Hansbrough said:
Nothing will be done at the coming
of congress, except to pass the
appropriation bills. No doubt many
financial plans will be proposed, but I
doubt if any Of them are adopted. The
country is looking to the republican
party for both commercial and financial
relief, and relief cannot come from that
party until it comes into complete con-
troll Of the government.
"Ihe thing that will bother the demo-
Gratis most while they are in power will
be to raise sufficient money to run the
government. According to the official
records, as | see them published in the
papers today, they are now running be-
hind at the rate of $1O,0O0,000 a month.
If the Wilson bill had passed as it came
from the house, the deficit would have
been much greater. The senate was
obliged to apply protection to the rev.
enue tariff bill as it came from the house
in order to get money enough to carry
on the government, and even in this they
have failed. 1t will be necessary for them
to increase the duties upon many articles
OF importation in order to make both
ends meet during the few days they will
remain in Office. II they remove the duty
on sugar they will be obliged to place it
on something else-by an increase on
beer, perhaps. II they remove the duty
on iron and coal they will be obliged to
put a duty on other n%ecessaries of life.
They cannot give the country free sugar
without causing a great deficit in the
treasury and at the same time abandon
ing the time. honored doctrine and demo-
cratic principle that sugar is the most
natural article upon which to raise rev.
enue.
"The s~o-called Baltimore plan Of
finance is not likely to be accepted by
this or any future congress. No financial
plan exclusively dictated by bankers as
sociations is calculated to bring the
needed financial relief to the country.
No relief can come from any plan that
does not at first broaden the basis of the
money of final redemption. What is
needed is bl-metallism. The way to &C.
cure this, in my Judgment, is by an in
ternational% agreement between Germany
France, Italy and the United States,
leaving England out of the question alto
gether. The latter country will never
agree to bi-meJallism until forced to do
so by sheer necessity. An agreement be.
tween the countries I have mentioned,
excluding England, would give a new
lease of prosperity to the countries to
the agreement, and cause an emigration
Of people from England which would
soon bring that gold basis country to hel
knees.
"The populist party is the outgrowth
of the financial tyranny which naturally
accompanies the adoption Of the narrow
gold standard. II the great nations oil
the earth are to continue this policy, then
we will have more populism. The recent
defeat of the populist party cannot be
construed as a defeat for bi-metallism.
1t was a defeat simply for fat paper
money, and not a defeat for silver. I OBJ.
serve that some of the gold standard or.
gans are pointing to the enormous re.
publican majority in the state of Ohio,
and claiming that that was the natural
result of the democratic declaration in
favor of silver in that state. How do
they account for the tremendous repub.
lican majority in Pennsylvania? The re.
publican party in that state declared for
silver a year ago.
"The fact is that the republican major.
tiles all over the country this year are
accounted for by reaso of the convic.
ton in the minds of the people that the
protective policy is the best policy for
this country and that the republican
party is the best party to carry out that
policy. The people also believe that the
republican party will adopt a policy un
der which it will not be possible for the
gold brokers of this and other countries
to control the treasures of the United
States.
"Think of q condition which permits
these money shavers to draw gold from
the treasury of the United States and
then return it to the government in OK.
change for interest bearing securities.
'This is what they did when Cleve.
land issued bonds the first time, and it
is what they did when he issued bonds
l tho aacOn1 timo