The herald., 1895-05-25
ROUND THE BANQUET BOARD
The Administration Is Endorsed in a
Vigorous Manner
Statesmen in Which the loney Policy
Of the Government Was Endorsed

NEW YORK. May 24.-The days stay
of the Democratic editors came to an END
tonight when banquet was rendered
rthem at Delmonlco's. Colonel William
Brown was toastmaster. He introduced
John A. Mason, who thanked the Demo
Gratis OF Gotham for their hospitality to
the visitors.
Mr.. Mason then read letter from Pres.
iIent Cleveland, which evoked tumutu-
Gus applause. After expressing regret at
his inability to be present the president
in his letter said: ''When a campaign
is actively on foot to force the free, un-
limited and independent coinage of silver,
at ratio which will add to our circulat.
ion unrestained millions of so-called dol.
lars, intrinsically worth but half the
amount they purport to represent. with
no provision or resource to make good
any deficiency in value. and disaster til at
X ust follow in the trail OF silver mono
n 'tallism."
Senator Hill was accorded "a perfect
ovation as he rose to speak to the toast
Democracy. In referring to the financial
question he said: Il am not in the
councils of the gold mono-metallists, but
If there l would suggest that they are
prejudiced against the cause OF sound and
safe currency All lis moment by naggin 6
over false and A4nateral subjects as to
whether under tl coinage law OF 1872 the
silver dollar was The unit OF value.
If New York can be carried by the
Democrats this fall it can be carried in
1896. and with it the country an the pres
idency. Another defeat here torebode {
national disaster
Comptroller Of the Currency Eckel
spoke to the toast. Sound money a
fundamental principle OF true Democ-
racy." Referring to the attitude OF
President Cleveland on the financial
question, he asserted that the signs Of re-
turning prosperity demonstrated the wis.,
dom OF the governments recent acts and
the confidence of the people in the ad-
ministration. He said. in part:
81 do not overstate when L say the
present agitation of the free coinage OF
silver is oue in the first instance to the
silver producing class, who, complaining
that their mining interests are languish-
restore them by affording market for all
tho silver bullion they can deposit at the
mints and to make them more profitable
by coming for them free of charge all
such bullion into dollars containing less
than one dollars worth of metal endowed
with full legal tender properties
''When it is claimed that such PROPOSE
u
Democracy it is time for all who may in
the least degree influence Democratic
thought to realize the responsibility.
tour party is the party of the people
no because it is drifted hither and thither
by avery wave of popular excitement and
mis- conception. but because, while it tests
every proposition by the doctrines which
underlie its organization. insists that all
interests should be defended in the ad-
ministration Of the government without
easpecial favor or Discrimination.
''Our party is the party of the people
because in its careful welfare of all our
countrymen it resists dangerous schemes
born of discomfort, advocated by appeals
to sectional or class prejudces and rein
forced by the lnsidious acts of private
sellishness and cupidity.
"A bove all, our party is the party of
the people when it recognizes the fact
that sound and absolutely safe money is
the life blood of our country's strength
and prosperity and when it teaches that
none of our fellow citizens, rich or poor,
can escape the consequences of degen-
Grafton of our currency.
Democratic conservatism dictates that
if there exists inconvcnneces and hard.
ship resulting form the congestion or i'm
perfect distribution OF our circulating
medium, q remedy should be applied
which will avoid the danger"