The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-10-27

Pittsburg, Pa, Oct. 26.-This was
Democracy's night in this city. Candi-
date for governor Of Pennsylvania,
William M. Singerly and ]. H. Eckles,
comptroller of the currency of the
United States, were greeted by an
audience in Carnegie hall seldom out
numbered by the Republicans in this
district with their big meetings. Pre-
vious to the meeting, parade made
up of the many Democratic clubs, and
associations, headed by the disting uish-
ed guests. marched through the princi-
pal streets, greeted by enthusiastic
cheers and RED fire. On reaching the
hall, the entrance of Messrs. Singeriy
and Eckels was greeted with great APP
piause Mr.. Singeriy was the first
speaker OF the evening. In substance,
he said:
1--WE are lodging no issues. We are
hesitating on no questions. We have
no apologies TO make for our party, its
candidates or its platform. We are
proud of its record. First of all, the
Democracy killed the force bill, and II
ct had done nothing else, its record
would have been good for that alone.
"Our next pride is the repeal of the
Sherman silver law. The third act of
grace was the passing of the Wilson
bill Great applause.) 1t was the first
honest step toward tariff reform since
1865
'-The Wilson bill is not two months
old, and yet there is not part of the
country that has not found some re-
viving puisation in the tide of trade.
The Mckinley bill was not a month
old when the country was wrecked
with labor troubles, and in the three
years of its existence there were LOO
strikes"
Speaking of the A. P. A he said:
''I want no secret society, no assassin
10 hide in the shadow of the bedside
and dictate to mothers how their off
spring shall lisp their prayer. We
want you to stamp it out and grind it
under your foot. We want no man fer
chief executive of the state who, when
confronted with this question, only
answers that he will enfore the consti-
tution as he finds it. Damn such
cowardice."
This sentiment was greeted with a
roar of applause.
After Mr.. Singlery concluded, Hon.
]. H. Eckles was introduced.
Ecl1eIs ROasts Reed.
Mr.. Eckels prefaced his speech by
saving he wished to discuss, in spirit
of fairness, matters OF common interest
Reed in Chicago. he said:
at deny. upon one hand that tho
country us sitting in sackcloth and
ashes and upon the other that the con-
dftfon which characterized the late
months of 1893 and the early months
of 1894 is due more to the Democratic
party than to that party to which Mr..
Reed Acknowledges political fealty.
1.-The thoughtful student of the finan-
cial and business conditions of the past
year who viii rise above party, and
view these questions in the light of
business principles. must unavoidably
be drawn to the conclusion that two
great causes Of the distress from the
condition Of affairs which we have wit
messed all over this land. which in turn
have injured the undertakings Of the
capitalist and Withdrawn from labor its
daily bread, were the Sherman silver
1890
HarrisOn's Empty Treasury.
'Mr. Cleveland. upon leaving his
S9ffice in 1889. had turned over to the |
incoming administration a treasury full
TO overlooking; upon his return to Office
he received from President Harrison a
treasury almost depleted.
''The conditions which had slightly |
manifested themselves in 1890 imme- |
Gaately after the passing of the Sher- |
lfflflG- I
dlately after the condition of the treas
ury and its gold reserve became known |
In 1893 Unfortunately, however the 1
treasury was so barren of funds that |
the administration could not, as was /
done in 1874, and again in 1884 and 1854
and to the extent of ninety-nine mil |
lions II 1884, purchase bonds and thus 1
relieve the monetary stringency which |
was upon the country Deprived of |
such means, the panic assumed such
proportions that within a period he |
tween May 4 and October more than
sS5O,0O0,000 Of individual and bank de- |
PositS were withdrawn from the ma /
non, the banks were compelled to |
call in loans and discounts. thus talk |
1ng from the active channels of trade
ar immense amount of money. As the |
%luhdrawal continued, the monetary
str1ngency Increased and the effects |
We're noticeable in every line of bust /
'iesa slid particularly in every manu-
: 'ctur-ng enterprise
Repeal OF the sherman Act.
Happily for the country tbe Sbe-- /
anan act was repealed, and since The
date of its repeal the Interests -oost
affected have shown continuous ana
increasing Improvements. Bank de-
POSTS have increased and within the
period of one year-from October. 1Sos |
tc October, lS94-the loans and ,5ie
counts have shown the enormous in
crease Of two hundreds of millions of
dollars. more than sixty millions of
which have been added since the pas
sage OF the tariff measure of August"
On the subject of the new tariff law.
Mr.. Ecl1els said it is one that if it con-
finues in operation will contribute more
and more TO the welfare of the Ameri-
can people and so entrench itself in
their favor that even the protectionist
himself VIII not dare to advocate a re-
turn TO Mckinley legislation.
SCREW MEN STRIKE.