New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-10-20

, ,,,. ,,no, tho l,nes Of his Evansville speech
in regard to the tariff. but devoted a cohsioeiau'e
portion Of his address to examining the cause vi ''e
recent business depression. Upon TINS po'h' ''
spoke follows:
Nv fellow-ctlzens: When we have debate on :
always Ike to find in the first place the poi..is 90
agreement that we may go on 70 u'acus' ennrsI
about which we differ. find there 10 very genr,a "a
Increment now among Republicans and Dem3cra,s
upon two propositions. one ls that we Ai our
peop.e have shared: the second is that one party
or the otherDemocrats or Republcans ape,e for
tSnse Evil tines Now that makes the discussion
easier little We have had ana we are b sun fet
them. the merchant has felt them. above ALL the me
man who dependent upon MS dalry h Iosi hs
JOB he list everything, whereas the Merchant When
left There was one or two features of this panic
that I want 10 talk to about. In the first place
wv, M" oanlcs when Sometimes come from overtrad-
ing and Misrepresentation II was not q rs.apsS ,n
balloon enterprises that we had ountry
and they always characterzed by ere NJ -
M c6rs Of ali our counties we're crowded with
collection suits Men were being sued on notes anS
things has characterized this panic tnrU 81,
which have just gone There has Peen very
lion. IL was not wildcattlng in business tnat
brought th panic upon u II II ha and concom9na
81 that sort Of thing in the collection Of notes and
foreclosures Of mortgages all over our country
NOT DIE TO LACK OF MONEY
The next thing I want to say IA that this panic
did not happen for lack Of money to 90 the Dus'-
ness of the country. When this panic began We
had more money In circulation per capita thah we
have had for many years This had come about IN
this way: In the first pace. under what Is Known
AZ the sherman law the sllver-purchasing Ia"
under which We bought 10000 ounces or SILVER
every month. We issued large amount OF wnat was
called Treasury notes. so that the money III c'eu-
Iaon had been increased by about sl50ooocO by tins
now currency that had been put out among ''e
people The money In circulation hai also oeeH
enormously increased By the reduction of the sur
plus in the Treasury. You remember my Demo-
cratic frlends-I hope are al! friends for nave
not anything unkind 70 say about any one-you re-
member when they made campaign upon Vhe
theory that tho country was being ruined because
there w,aa 50 much surplus They said: YOU nave
enT iockad II up ana Il Is not doing anybody any
GOOD rh.t surplus had been. By the purchase OF
S;oyernmer. bonds reduced enormously. and ne
r'',,,,y Wa out among the people doing lis work
XII then b. rne Increased pensions ~nich am
,,aI 10 say n Republican Congress voted. ana |
9,nr,vel vim pleasure. and have never apologized
f5r the money was PLACED among the peopie uhtH
.,,r Drm|-ratic friends changed the form OF ndict-
- 49,, r.st me- They Indicted us. first. for hav-
INK TOO much In the Treasury and now they say
A., Of our banks have been flied with money BE-
longing to people who did not want 70 use II; Wha,
c,ta~,r5phe which came upon the people OF tnis
,ouu'ry and which i SIN more or less upon mem.
y was the uncertainty that The democratic sue
cess ~ lss2 introduced ,.... .,,,,
Democrats said tho were going to destroy this
ur5.1rivc system. They were go!ng 10 tear down
its hou., that had sheltered ~ From that tne
20 th.l tre people have just stood wondering, Ieai-
ms ,ireldiug what must he done on thht qu's'lol'
ro-,rorr.y morning az o'clock General Harrison
yin star; ON the return trip to indianapolis. speak
ing Al Columbia City. Warsaw. Rochester Peru
I.or,uyport Delphi plymouth, Lafayette ana l-eoa-
non.