New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-13
rOOgUEES ON FININcE.

Tho chairman Of the Finance COMMITTEE" "i
the SENATE j. Senator VOORHEES,. or Indiana. ~
hardly need be said that the position II" h"I"S
* an exceedingly important one. next 10 me
Secretary ~ The Treasury perhaps th' most
imncrtou, in the Government IN Us relations
f., ,hc finances. |, would b. grolcslnc dis
,or,ion Of the eternal Vcriucs 70 say that Mt
voorhees, from the time h. WAS put Ia charge
of the hill To repeal the silver furcha>" law NJ
The beginning Of Mr. Clcvcands Admnstr
lion aud ~ the extra session called for that
.no,id.. nurpose down 10 the passage ~ ,hr
remarkable Tariff hill passed nj the last Sos
sion. which. panphrasng Ari"inas ward was
sired by the Democratic party AMI damned nH
everybody In AIRY sens" n success except
as Illustrating the Kind ~ statesmen and their
intellectual calibrc. whom the celebrated cam
palgn Of education" had brought into power
And perhaps II would bc unkind 10 dwell ~ nj
upon that part 81 tn" Indiana statesman
career During portion ~ u he was not we'll
and during all Of II he was worried Bnt Inc
dclivcranccs ~ important a factor III inc
financial administration ~ the Government ~
the chairman ~ the Finance Committee "' III"
SENATE are always ~ importance AMI u was a'
~r,linglv with something like revival OF IN
ierrs, in the hackncycd subject 81 fnanc'' anu
IN rouncciicu Herewith ~ the National cur
rcncv. that the public learned q day or Nv"
ago that Senator voorhees, had been making
remarks thereon 10 a reporter OF the hl''"
Press at Washington.
In these remarks II is interesting ~ observe
that Senator voorhees, has views on the NV"
Subjects ~ the tariff and the currency when
doyetail In a perfectly coherent and consistent
Man s, far ~ the tarin is concerned. ne
fovors uow ne ALWAYS II system of dulles IN
dor which the workingmrn Of the country,
,,bo,n no affcc,ionaicly describes rs "ihc labor
inc masses" may he able To purchase imported
manufactured goods ut extremely low prices
I, is Of more importance that the workingman
should Inc able 10 buy manufactured articles
choon Than that he should have steady employ
mont and good wages ~ manufacturing the
articles himself The campaign OF education
established that But I'm order that the work
inonon may moi I'm the enforced leisure i'm
noscd upon him by the Democratic tarif. waist"
his substance I'm making unnecessary purchases
simply because everything Is cheap. Mr Noor-
hoes nroposes 10 dilute the currency in which he
makes his purchases. and the currency as well
in which he is paid for such employment as he
can obtain so that It will take twice ms much
money 10 pay for the imported manufactures
as II took before the campaign Of education"
brought in the Democratic party 10 buy the
same things produced at home. So that while
tbc workingman gets the things he wants. for
In round numbers say half what 1t cost under
the robbery" Of Protection, he pays for them
twice what he formerly did under n financial
system which makes fifty cents worth OF silver
90 for a dollar at home but for only half
dollar I'm the markets Of the world ~ whose
chcapncss we have the advantage. II works
admirably That Is to say. II would work adj
mirably II the workingman was sure or plenty
Of work and Of having his wages doubled with
the chcapening Of everything apd the CORE
spending dilutlon Of the dollar. No profit In
It, perhaps to anybody except the foreign pro-
duccr but pretty little scheme all the same.
Mr. Voorhees, Is quite certain that silver ought
to be coined ION the same terms that gold Is
colncd"-at the ratio Of 10 To |. This has been
the doctrine of the Democratic party" he says
from the days of Jefferson Ia the Chicago Con-
'ycntIon Of 1892, and II Is the doctrine Of the
"laborng masses to-day. In fact, the American
people, the plain working people have been
'bencfitcd in the last one hundred years far
"more by silver money than by gold money"
And he adds, warming up with the fcrvor OF
Colorado Waite or Missouri Bland. that ''thc
whining cant of sordid avarce, which we now
''hear, that gold Is sound money and silver Is
mot, has the profound contempt OF every man
familiar with the history and the development
"of the country" This has n familiar sound
The advocates Of free silver have been emitting
profound contempt for everybody who disagreed
with them during the last four or I've years at
O rate which has almost exhausted their CO.