Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1895-05-30
ON FINANCE
SOUND MONEY TALK OF THE
COMPTROLLER
is AGAINST FREE SILVER
responds TO :; Toast Before t4e SEES
sion Of the Democratic Editors AS
socia tion-A Free Coinage Law
Would be Worse Class Legislation
Than Protection.

New York, May 25.--.At the session
CT tie Democratic Editors association
or the state Of New York ii resolution
was adopted that the democratic
press of this State pledges Itself to
oppose any Legislation looking 70 the
free and unlimited coinage OF syer"
There was only one negative vote
AT the meeting III the evening Sen
ator Hill spoke to the toast Democ-
racy. His speech was a tribute to the
press, in which he took occasion to
eXtol the supreme court decision in
the income tax. In referring to the
silver question, the senator said in
part: Il am not in the councils Of the
gold mOnolnetallistS, but if | were
would suggest that they are prejudic-
ing the cause of safe and sound
currency at this moment by nagging
over fmmaterial incidents, as. for eX,
ample, whether under the COMA re
law Of 1892, the silver dollar was the
unit of value" He concluded by say
ing another defeat in New York for
bodies national disaster.
The response OF James Ii. Eckels,
comptroller of the currency, was to
the toast Sound mOncy--a funda-
mental principal If true democracy"
Eckels prefac2d his remarks by quot
ing that distinguished democratic
statesman who in opposing the passage
of the S@ditiOn law declared that the
"heart ana lie Of Il free government is
Il free press" The freedom of the
press, he continued, mas been in the
past, and must be in the future, the
one great weapon in the Democratic
arm0ry with W.Iich to defend the par
ty against harm from within and at
tack from without. Eckels then pro-
ceeded 70 enumeration of the prin-
ciples Of democracy, selecting as a
basis for his remarks the one plank,
which, said he, has been embodied in
every democratic platform, sound
money fundamental principle Of true
democracy.
The gravcst indictment democrats
presented against protectioniSts, con
tlnucd Eckols, was that they were aid
ing and abetting class legislation in
maintaining protective tariff laws up
on the statute books. Yet the attempt
is now being made to place democracy
in the position of advocating, for the
politics there is i'll It, Legislation as
distinctively class legislation rs the
most extreme measure ever conceived
by the WarmeSt advocates of protec-
tion. lie charged that the present
agitation of free courage Of silver isl
due primarily to the producing class,
Who finding their mining interests
.anguishing, claim it to be the duty of
the government to revive them. buy
all their silver bullion and coin it for
them free of charge into dollars con
tanning much less than one dollars
worth Of metal, endowed with full lc-
gal tender properties. The claim that
silver is disseminated against EckelS
vigorously commtted, citing statistics
20 show that the amount of per capita
circulation is yrea ter now than at any
vine in the couutry'S history. In con
cluSiOn. the speaker charged that the
proposed silver legislation is designed
10 tolSt upon us a dollar Whlth > NOT
worth a dollar-a cheat to which the
government ought not to be, from the
standpoint OF either law or good NOR
ais, a party; a violation of the rights
of every creditor and an encourage
men. to wrong-doing in every debtor,
and a reproach to the American pco-
pie. He warned any true democrat
against advocating such a currency.
EX-Secretary of the Treasury Charles
Fairchld spoke on Party Principles.
other speakers We're Ex-Governor
Roswell Ii. Flower. Senator CanterI
and Albert X. Kessnger, editor OF the
Rome Sentinel. 1t was lons after mid
night before the experimenting was
concluded.