The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-11-21
VEST HITS GROVER
he VIGOROUSLY ATTACKS oLEVE-
LANDS FINANCIAL POLICY.
In IN Interview at Washington, Vest Boldly
Criticises the Financial Policy of Cleve-
land, Who, He Says, Ii Surrounded by
Lot of Incensc Burners slate Eiec-
lions q Rebuke to the Administration
Free Coinage of Silver Certain to Re-
store Prosperity-Wants Republicans to
Secure the Senate Organization.

Secure the Senate Organization.
Denver, Nov. 20-A Washington spe-
cia1 to the News says:
| Senator Vest, who has just returned
here, was interviewed today and in re-
Spouse to the question what he thought
caused the Democratic defeat at the re-
cent elections, said: First, continued
hard times caused by scarcity Of money.
The gold men claim that money is abun
dant and quote from the treasury re-
ports to prove it. They said there is a
per capita circulation of s25.07, when in
fact there is not half that sum. They
count the reserves in the national and
state banks, together with the bullion
and gold in the treasury and the $780,
! 900, 900 Of gold coin which they estimate
! to be in circulation. When confronted
with the fact that there is no gold in
circula ton, they reply that this is true,
but it answers all the purposes of cur
rency by taking the place of currency
in the way of reserve and exchange.
This is not satisfactory answer, for
every intelligent man knows that the
gold Of the country, no matter what
the amount, is boarded by reason of
purchaser power is constantly increas-
ing.
I'VE will never have prosperity until
there is free coinage of silver and our
volume of money is increased. No
country can be prosperous with an in
creasing population and decreasing cir
culation- The president, unfortunately,
rejected all offers Of compromise from
those Of us who differed with him on
silver and refused positively to use the
power given him by law to rebuke the
gold spectators and protect the gold
reserve by rendering silver even as part
payment when greenbacks and Sher-
man notes were presented at the trea-
sury Tor redemption. I believe that
Carlisle at one time contemplated such
action, but the president, who just be
fore his Inauguration talked reasona-
bly, and conservatively, suddenly be-
came obdurate and ordered the pay
ment of gold exclusively. This of
course placed the treasury at the mer-
cy Of the SPECTATORS and the logical re-
suit was the veto Of the seigniorage
bill, the issue Of gold bonds and the
paying tribute to a foreign syndicate.
The president surrounded by a lot of
incense burners, who told him he could
do no wrong, demanded an uncondi-
tional surrender by the silver men in
congress and that the volume of mon
ey should be reduced 100000 annually
by repeating the purchasing clause in
the Sherman act without putting any
thing in the vacuum so created In
other words he demanded that we
should indorse the single gold standard
The same incense burners are now tell
ing the president that the recent cleo
or 10 tic iert1 ND
of his cabinet has come out in an inter-
view gloating over the result.
mo one differed more than myself
with Brice and German on the present
tariff; 1 supported the measure as 1t
passed only because it was better than
the Mckinley act. 1t is only just to
say however, that but for the assurance
of the president and Mr.. Carlisle to Sem
ators Harris and Jones that some bill
must be passed Cleveland never would
have had the opportunity of branding
the act as treachery to the party. What
ever else may happen, the time will
never come when / can rejoice in see
ing the Democratic flag trampled under
foot, no matter by whom it is borne.
am not that kind Of a Democrat"
On the question of recognizing the
senate Mr.. Vest said:
Personally ] would be glad to see !
the Republicans take control. They !
have a majority and are entitled to the !
offices and committees. ! am anxious /
to see the other fellow walk the floor
and watch the harmonious infelicity |
which will develop on the silver ques-
ton. With both houses of congress |
and the president in favor of a gold |
standard. the Republicans must do |
something to stop their bowling about I;
Democratic incompetency. As mat |
ter of fact, Sherman and Allison don't |
want the senate, for they know their 4
party is badly divided on silver coin /
age as We are, and if the Democrats /
will only force them to assume their /
just responsibility the weakness of their 1
organization will be exposed. I am /
afraid Of some juggling compromise by /
which one party will take the offices /
and the other the principal committees /
In that event we are lost. for the Re
publicans will evade the silver question
and then go into the next canvass with /
the excuse that the Democrats had |
both the senate and president"