The Caucasian. (Clinton, N.C.) 188?-1913, 1894-09-20

party IlN support Alli'tAn hlNl Ihi
believe the snount Of such monetary in
crease to bc sufficient to overcome the ever
intensifying contraction set on foot by the
demonstration Of silver, ] was willing t.
take, for the time, the best that could be
got and await the maturity Of what
hoped was a growing disposition on the
part of the Republican party to finally
place upon its banner the motto of free
coinage of silver and gold, without dis
elimination. at the long established Amer
lean ratio.
Responsibility For Industrial Dry hot and
Compulsory Idlenc>s.
The situation j. wholly changed when
the Republican party rryCrsce the policy
which for u years il had maintained anu
by its official vote in both houses of con
gress rclcgatcs lhc country to the single
gold standard with all that that implies
of industrial dry rot and compulsory idle
ness among the people. While 1t Is true
that the Democratic party must share
with the Republican the responsibility for
that act, | am concerned only with the
share taken in its passage by the party to
the success of whose policies | have dc
voted the best years of iIE Ike. The Re
publican representatives III both houses of
congress constituted the strength of the
repeating party, both in numbers and in
intellectual force. Without majority Of
the Republican votes to aid the Democratic
administration there was never one mo
ment when the bill could have been passed
For me, in my long maintained and solac
ing political affiliations the position thus
assumed by the Republican party is a
grievous change, and. so far as | am con
a hriy NO IN he n-fI al he
ways. To my profound regret, l can no
longer be of the household of the party
which brought fruedom to the slave and
preserved the union of the states. The
great party which could unflinchingly face
the slave power does not dare attack the
money power.
After the fatal error of 1878 the Repub
lican party by the passage Of the act Of
1879, took a step in the direction of rCpara
tiOn for the wrong it had committed
against the producing masses Of the cOun
try. In 1890 it took another step In tn,
same dircCtiOn-a step which, owing tc
the defective execution of the act of ISIS,
was an advance upon that law. But 10y
the passage of the act of 1893 all the hopes
born of the two former acts have beer
scattered to the winds.
Having always deemed the dCmoGetizinE
law of 1878 to have been enacted in igno
rance of the balcful effects which it woulo
have upon the prosperity of the country,
have been disposd rather to award to the
Republican party all proper credit for tn'
two successive attempts made in the direc
ton OF undoiny that wrong than to met
out censurc for committing it | cannon
secure the approval of my conscience for a
similar degree Of lcnity with regard I,
the enactment of the law Of 1893.
On the demand OF Democratic preaI
dent the Republican party repealed tho
most important-in fact, the only lmpor
| tant-featurc of an act passed by their
own votes exclusively and approved by {
| president of their own election. At tn,
| dictation of an administration adverse I,
them we see them deliberately abandOy
| their silver record, undo and implied!
| condemn and repudiaIc all that they have
| themselves done in this regard for many
| years in the past, and at one bound set th'
| country back to the point at which II wa
| left by the act of 1873 SO far as concerns
the interests of the American people. tn
repeating act of 1893 was, in my opinion.
less justifable and involved greater de
gree of moral and political turpitude thar
that of 1878. In 1870 we had a population
|
| 000, nearly double.
| The False Cry Behind the Special Session "
Congress.
| When, as iii the emergency of last year
| the prices of commodities and wages Of la
| Dor were falling in every direction ant
workingmen were being discharged from
| employment by hundreds of thousands, /
seems extraordinary that lawmakers CoU!'
| deliberately cut off from the people Of tn
| United States all supplies of new money
That the emergency which called for tn
| extra session OF congress was not cause
| by too great an issue Of silver money IN
| der the law of 1890 must have been palpa
Bile to every impartial mind when 1t Wa
universally known that the crisis was No
confined to the United states, and that il
other countries no silver law existed 10 bc
come thu convenient scapcgOat for til
cupidity of money lenders and their nu
merous and influential agents
That the difficulty could not have beei
due to the want of confidence Of our Owl
people in the silver money of the countr.
must have been equally clear when IL wa
observed that during the very fiercest day
of the panic silver dollars were selling an
were eagerly bought up, even In Wal
street, at premium Of 8 per cent-that
to say, they were paid for at the rate c
slO3 in gold for 800 in silver. These fact
were we'll known to Republicans and DEN
ocrats alike, in congress ard out, durin
the extraordinary session of 1888
There are some silver Republicans wh
still hope and perhaps believe that ii
Republican party will take up the silvt
cause in good faith and advocate the III
restricted coinage of that metal at the reli
, ton of is to l. am sorry to differ wit
, those who entertain that opinion. In IL
Judgment, there is not the slightest foul
dation for it. Actions speak louder tina
words Among the entire Republican col
gressional representation in both houses
Q congress from states east Of the Mlssl
? sippi, on the passage of the repeal bill
t October last, there were but six votes
!. the house and one in the senate cast
e favor of silver.
OF course conventions of both parti
g are still presenting TO the country resoi
tions demanding larger use Of silver
J the currency its restoration TO its form
: position, etc. After the severe use TO whl
q phrases of this character have for NAL
0Hy uaryDTu