The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1894-10-27
DEMOCRATIC KaLLY AT PIrTsBURs
Candidate sfngerlv and Comptroller
Eckeis Address . Multitude

Candidate sinseriy and Comptr roller
Eckeis Address . Multitude
PrrrsBURs. Oct. a6--This was Demoe-
racy's night in this city. The candidate
for governor of Pennsylvaaia. William NJ.
singerly. and ]. H Eckels, comptroller of
the curreacy of the United States. were
greeted by an audience in Car
nesie hall seldom ousnnmbered by
the Republicans in this district
with their big meetings. Previous 20 the
meeting a parade made up OF the many
Democratic clubs and associations. headed
by the distinguished guests. marched
through the principal streets. greeted by
enthusiastic cheers. Mr. Singerly was the
first speaker. In substance be said:
"we are dodgIng no issues. We are
hesitating on no questions. We have no
apology 10 make for our party, its candi-
dates or its platform. We are proud of its
record. First of ell, the Democracy killed
the force bill and, If IL had done nothing
else, its record would have been good for
peal of the Sherman silver Law. The third
act OF grace Was the passage of the Wilson
bill. EGreat applauseL Ii was the first
honest step toward tariff reform since
1855. The Wilson bill is not two months
old, and yet there is no part of the coun-
try that has not found some reviying nEl-
sation in the tide of trade. The McKin-
ley bill was not a month old when the
country was wrecked with labor troubles.
and in three years Of its existence there
were !, 200 strikes"
Speaking of the A. p. A., he said:
II want no secret society. no assassin TO
hide in the shadow of the bedside and die
tate 10 mothers how their offspring shall
lisp their prayer. We want you to stamp
it out and grind it under your feet. We
want no man for chief executive of the
state who. when confronted with this
question. only answers that he will en-
force the constitution as he finds il. D--n
such cowardice
This sentiment was greeted with a roar
Of applause.
After Mr.. Singeriy concluded. Hon. ].
H. Eckels was introduced. Mr.. Eckels
prefaced his speech by saying he wished
to discuss in q spirit of fairness matters of
common interest Referring to q recent
speech by Mr.. Reed in Chicago. he SAID:
II deny upon one hand that the coun-
try Is sitting in sackcloth aud ashes, and
upon the other that the condition which
characterized the late months of 1898 and
the early months of 1894 is due more to
the Democratic party than to that party
to which Mr.. Reed acknowledges political
fealty. The thoughtful student of the
financial and business conditions of the
past year, who will raise above party and
view these questions in the light of busi-
ness principles, must unavoidably be
drawn TO the conclusion that two great
causes of the distressed conditions
of affairs which We have witnessed all
over the land, Will have in turn in
jured the. undertakings of the capi-
talist. aud Withdrawn from labor its
daily bread. were the sherman silver act
and the Mckinley tariff law of $780, Mr.
Cleveland. upon leaving his office in 1ss9
had turned over to the incoming admins
tration a treasury full To overfiowing:
uuon his return 10 Office he re-
csiyed from President Harrison treasury
almost depleted. The conditions which
had slightly manifested themselves in
1890. Immediately after the passage of the
sherman act. found -full fruition immedi-
ately after the condition of the treasury
and its gold reserve became known in 1888.
Unfortunate y, however, the treasury was so
barren of funds that the administration
could not, as was done in 1874 and again in
1854 and lss5, and 10 the extent of S9e, ,O00.-
coo in 1S9U. purchase bonds, and thus re-
iieye the monetary stringency which was
upon the country. Deprived of such
means the panic assumed such proper
tions that within period between Nav 4
and October |, more than $50. 900 individual
and bank deposits were Withdrawn from
the national banks alone. To meet this
condition the banks were compelled to call
in loans and discounts. thus taking from
the active channels of trade an
immense amount OF money. As the
withdrawal continued the monetary
stringency increased. and the effects
were noticeable in every line of business.
and part rticuiariy in every manufacturing
enterprise. Happily Tor the country, the
sherman act Was repealed, and since
the date of its repeal the interests most
affected have shown continuous and
increasing Improvements. Bank de-
posts have increased, and within
the period of one year from October, 1853,
TO October. 1894, the loans and discounts
have shown the enormous increase OF
500 0G0.O0o and more than SEQ 000, 900 has
been added since the passage of the tariff
measure of August"
On the subject OF the new tariff law Mr..
Eekels said it is one that. If il continues in
operation, will contribute more and more
to the welfare of the American people and
so entrench itself in their favor that even
the proteetionist himself will not dare to
advocate q return to Mckinley Iegis! alton.
Democratic Leaders Indicted.