New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-05-05
MIR DEPEW'S OBSERVATION ;
HE TALKS ABOUT HIS WESTERN TRIP
PALACES or TIE SILVER ARGrMENrs-A
CHAMBER OF COMMERCE BUILDING
FOR WV YORK.


FOR NEW YORK.
cb,uncev NJ Dcpew returned yesterday from his
tim 20 Detroit whsrs Do made an ad-r'- ofi''' ''
Detroit chamber OF Commerce on Thursiay night
Mr. D.pcw never visits any section Of the country
without .o letting 4 large amount Of Information
aud material for reference This Trip was no 'Ac'p-
ton. ana % taking 90 81. journey ye.ierIaI De i,l4
.,u.. interesting taings. 49, pep'w sti--
~rrlmtrl, our ulY West ~as - attend the an
nual election Of tnc Michigan Contra. -iockh'iler'
and - make the annIn. Inspection %: the Nic"el
Plate and other IF the vanderbilt roads linen
made an aIIr,ss before ia. Detroit Chamber ~
Commerce and also talked for an hour before ~"
students Of the University Of Michigan Al Nj"
,rl,r That ,ch0o u.s. believe. one u the most
,.rarlabl. .-luc,'ioul. Institutions In IN" United
States II has about 3vD students The school is 4
miniature republic AMI ls governed bi LAWS oi ITS
own making The students are earnest ana thought
ni In my address, before them driii'i INTO
discussion ~ the financial question mat seems 10
be the great question OF the day. and as Was talk
inc off hand / got into that | took up the creed as
taught by this little book CON- which has been 80
widely circulated IN IN" West attacked the Tree
silver faIlacy and was glad 10 see. although 1t sur
prlsed me somewhat ~ 1t In that district. that
eight ont Of of my hearers received my arsu-
mcnts enthusiastically and were evidently In favor
Of gold money standard
Having embarked on the money question Mr
Depcw said Every one for some time past seems
10 have been blowing his nose on a silver haniher-
chief and wiping his eyes with the silver lining 10
the dark cloud OF financial depression. have
not said much in the past on the money question.
The other side has had it, inning. and now 1t Is
time that We let 20 some of our arguments.
when was West six weeks ago found that the
silver craze high tide. Men Of reputation
were Hopping the new standard. Those who held
ou' leaned 20 far over the fence that they showed
plainly that they would fall into the silver yard II
il became necessary. Members ~ Congress. ana
those who want be- Justify announced themselves
as advocates Of the new creed. IN" bubble was at
its height Coin the weak but fascinating argu-
mont for silver IN cverybody's hand The snail
low were converted first then the preponderance Of
public opinion over others. was tlinorous
enough state my IDEAS on this question. ana
was looked on "a voice cryi Ing IN the Wilderness
"When / returned from that trip TO Chicago
received hundreds Of letters Many Of them we're
ptifu. In their olrneslncss. They begged me not
to ruin myself and the party by such uttcrances.
1 simply waited. when | was In Detroit this time
| met great many men Of commercial standing
The Detroit Chamber Of Commerce has over thr"e
hundred members They represent every business
interest IN the State. was told that not over 10
per OF the members Of this organization
were in favor of free silver. My plea for the main
! tcnancc 81 "A sound currency system was well re-
! cclycd. and found that the craze was dylng out
THE REASON FOR IT.
"Whcn you come to explain that change II II
simple For The last Two years We hnW had nh
! era Of Unprecedented hard lines, The bottom mas
/ been touched, however, and are now on IN"
up Grade. when financial prosperity was ~ i's
lowest cbb the people looked around for relief
Tho silver erect was held oui 10 them. ana lfH
advocates whispered false proiniHrH INTO The ear"
OF their listeners The tale WAS tod ana rciol1,
aud IN each repetition II was exaggerated. nnfll
] the iIrn Of silver became crnz" " w HRnlnchht
that tho cafnor for silver was ~ iiH height wh"n
| the buaucrs depression wns at itH lowest "bb'
! The country vas placed IN lta h"rfib" plight by
| tlnkcring with the tnrin. Then the Hood tide be-
/ gan. business began slowly TO resume The
clamor for free silver became less, as the hum
/ of Industry became louder / venture to say that
| In eighteen months business will nave revived To
[ such extent that not n murmur VIII disturb
/ the security OF money system
while I'm the West talked to many men. The
! general impression there Is that business Will pick
! Nd with great rapidy. The only thing that dis
| ,urhs this security Of feeling Is the uncertainty
over the nancy question. The business men OF the
. West attribute the great business depression 10
the trouble over the ariff. The country has finally
adjusted itself TO that matter. and with confidence
restored Will, go ahead. Should this cry against
our money system however, amount TO anything.
the result would be depiorable and even the most
saoac,ous c,nnot accurately foreell what would
occur
Il once made a careful computation OF the money
question and | figured 1t out that only about
NOR cant ~ the medium OF exchange in business
c~..uu.A nm Seventeenth Pare.