The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1894-10-13
THE SILVER REPEAL.
H.s IT 's.As Any .Rpre,sn... In tn. pu

' 4
Hss 1t AEsde Amy Improvement In the Busi-
/ ness of'the Country9
President Cleveland called congress
in special session Aug. 7. 1895, and
sent to them bis fnessAge. In which he
says;
'"The existence Of an alarming and
Extraordinary business situation, involv-
ing the welfare and prosperity Of all our
people, has constrained me to call to-
gether in extra session the pe6pie's rep
resentaaves Up congress With plen.
teous crops, With shapdaht promise Of
remunerative production and inantfac-
ture, with unusual Invitation to safe
investment and with satisfactory assur-
ance to business enterprise, suddenly
financial distrust and fear have sprung
up on every side. Numerous moneyed
institutions have suspended because
abundant assets were not Immediately
available to meet the demands of fright
ened depositors. Surviving corporations
and individuals are content to keep In
hand the money they are usually anx-
ious to loan, and those engaged in legit-
innate business are surprised to find that
the securities they offer for loans,
though heretofore satisfactory, are no
longer accepted. Values supposed to be
fixed are fast becoming con- ectural, and
loss and failure have invaded every
branch of business I believe these
things are principally ohargeable to
congressional legislation touching the
purchase and coinage Of silver by the
general government.
OF this deplorable condition Of the
country the president says: 1.-The evil
effects Of the operation" Of this law
are constantly accommodating" that it
is depicting the treasury of gold; that
1t is of "the utmost Importance that
such relief as congress can afford" be
afforded at once, " and II earnestly rec
ommend the prompt repeal of the pro- I
visions of the act passed July ID. 1890,
authorizing the purchase of silver bull
lion.'
In accordance with this urgent rec
of the president house
bill No. 1 was introduced to repeal the
clause Of the act Under the |
whip and spur of party leadership it
was forced through the house and senate. /
The Democratic party platform was ig-
nored, its sentiment suppressed and indi-
viduals coerced, Tariff reform" was ,,
given back seat, free coinage was !
under foot and the commands
Of the party autocrat enforced. The re-
peal act was approved by the president
and became o law Nov. /, 1893, and
congress adjourned.
By the repeal of this act the coinage
Of silver dollars ceases. Private owners
Are not allowed to have them coined,
and the government cannot coin any z
more without authority of law Not 1
wen the bullion in the treasury or the
or profits ON the purchase
If silver can be used. 1t was in vain L
he silver men in the house and senate n
Not a shred Of legislation 4
,ould they get Instead of free silver .
coinage" the professedly silver party e
las given the country mo silver coin :
'ge' of standard dollars. 1t may all be !,
light, but what fix for Democrats! j
And now for results. Has financial /
listrust and fear passed awayP Has the
Train of gold from the treasury ceased?
las there been any improvement in the
'ast 10 months? If not, is it not be-
ause the president was mistaken and
ONE other cause produced the evil? Is 1
lot the fear of Democratic misrule and
lot silver purchasing the source Of the =
rouble?