St. Paul daily globe., 1895-12-17
STEWARDS HATRED OF GOLD.
The Senator Declares 1t Is Dam
aging American Industries,

The Senator Declares 1t Is DAM
aging American Industries.
WASHINGTON, Dec. 16.-The SEN
ate was In session about two hours
today, half Of that time being given
to Mr. Stewart, of Nevada, in a vigor-
Gus assault on 'the gold combine" In
one respect the senator presented a
new phase Of the subject, with which
his name has been much identified in
senate speeches. He urged that the
great depreciation of silver gave to
the cheap labor of Asia tremendous
advantage In competing with the do
plestic products of the American mar
Ket. Japan in particular, he said, was
prof1ting by this difference of 50 per
cent between our money and that of
Japanese, and Japanese merchants
were today underselling our home pro-
; ducers in many lines of goods. Dur
ing Mr.. Stewards speech, Mr.. Matsu,
secretary of the Japanese legation, was
an attentive listener in the diplomatic
gallery.
An echo of Comptroller Bowlers
suspension Of the sugar bounty pay
ments was heard in the resolution of
Mr. Caffery, of Louisiana, calling on
the treasury department for the rea-
sons for the suspension. Postmaster
General Wilson's recent order, forbid
ding postal employees from urging
postal legislation, also came in for at
tention, Mr.. PETER offering a compre-
hensive resolution of inquiry as to the
order. Another inquiry by Mr.. CALM
ger calls for information as to the
number Of aliens in the various gov
ernmental branches.
Mr.. Quay (Rep., Pa.) presented
petiti1n of the Wool Merchants AS
sociatlon of Philadelphia and asked
that it be read and inserted in the
record.
THAT is a bad example" interposed
Mr.. Sherman. What is this petition?"
'It asks responded Mr.. Quay, with
a malicious smile at Mr.. Sherman.
that the wool schedule of the Nc
Kinley act be re-enacted as law"
Mr.. Sherman Joined In the general
smile.
Certainly there could be no objec-
ton to that" said he; and the petition
was thereupon read.
Mr.. Stewart then spoke on the pend
ing resolution for a commission to in
yestigate the needs Of labor and agri-
culture, predicting the invasion Of the
products Of Oriental lands in competi-
ton with our domestic products.
Agents of japanese manufacturers, he
said, were now in the United States
selling their goods at prices far below
the cost of production in the United
States, Offering bicycles of Japanese
make at $12 each, and parlor matches,
doors, sashes, blinds, cooperage stock,
hats, gloves and wearing apparel at
80 per cent below the domestic price.
Japan had taken the initiative, but
China would follow. At the basis of
this menacing condition, said Mr.. Stew
art. is the gold combination. 1t has
reduced the value of silver so per cent,
giving the Asiatics an advantage of so
fer cent on exchange. The only means
of averting. this complete commercial
supremacy of the Asdatics was to place
gold and silver on an equal basis. Mr..
Stewart used severe language in ar
raigning the gold syndicate, declaring
that 1T controlled national conventions,
selected presidents and directed the af-
fairs Of the national administration.
At the conclusion Of Mr.. Stewards re-
marks the resolution was laid aside
and at 2:20 p. M the senate adjourned.