St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-05-25
ECKELS T0ScRIBES
COMPTROLLER OF THE CURREN-
CY DISCUSSES SOUND
MONEY.
LETTER FROM CLEVELAND
FREE COINAGE OF SILVER An
TAGoNIsTIC TO DEMOCRAT
&c PRINCIPLES.
SENATOR HILL ALSO HAS A SAY.
Democratic Editors of New York
Hold an Elaborate Banquet
at DelmonicO5S

NEW YORK, May 24.-The two
days stay of the Democratic editors
came to an end tonight, when BAN
Duet was rendered them at Delmoni-
cos. The banquet hall was taxed to
it's full capacity, covers being laid for
$50 Col William Brown played the
Trole of postmaster. After the banquet
Col Brown, in a witty speech, intro
duced John A. Mason, who thanked
the Democrats of Gotham for their
hospitality to the visitors. Mr.. Mason
then read a letter from President
Cleveland which evoked tumultuous
applause. After expressing regret at
his inability to be present, the presi-
dent in his letter said:
when campaign is actively on
foot to force the free, unlimited and
independent coinage of silver at
ratio which will add to our circulation
unrestrained millions Of so-called dol
lars, intrinsically worth but half the
amount they purport to represent, with
no provisions or resource to make good
any deficiency in value, and when it
is claimed that such proposition has
any relation to the principles of De-
mocracy, it is time for all VINO may in
the least degree influence Democratic
thought to realize the responsibility
Our party is the party of the people,
not because it is waited hith-
er and thither by every sud-
den wave of public popular ex-
citement and miseonception, but be-
cause while it tests every proposition
by the doctrines which underlie it's
organization, it insists that all inter
ests should be defended in the admins
tration of the government without es-
pecial favor or discrimination. Our
party is the party of the people be-
cause in it's care for the welfare of all
our country it resists dangerous
schemes advocated by appeals to SEC
tons or class prejudices, and rein
forced by the insidious acts of private
selfishness and cupidity. Above 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 1t teaches that
none of our fellow citizens, rich or
poor, great or humble, can escape the
consequences of a degeneration of our
currency. Democratic care and con-
servation~ dictate that if there exists
inconvenience and hardship, resulting
from the congestion or imperfect dis
4,,;l -
a remedy should be applied which will
avoid the disaster that must follow in
the train of silver monometallism.
Letters of regret We're also received
from Secretary Lamont, Postmaster
General Wilson, Oscar S. Strong and
ex-Recorder Smythe. Then Toast
master Brown introduced Senator Hill
as the Democrat who stands for all
that is pure and grand in Democratic
politics" The senator was accorded
perfect ovation as he rose to speak to
the toast Democracy" Senator Hill
began with tribute to the press and
a lengthy explanation of Democracy
Then, continuing, he said: "The most
important recent event in our national
affairs is the decision by the supreme
court that a federal tax on rents or
the income of personal property laid
by the last congress is a direct tax
and must be apportioned among the
states according to the census. For
that event we should congratulate
ourselves and render hearty thanks. I
am glad the administration strove with
SO much
LEARNING AND VIGOR
to uphold the tax before the court.
That was due to. the congress which
enacted it and to the court which
give judgment, and a federal income
tax was never approved by any Demo-
cratic national convention and should
never have been regarded or tolerated
as Democratic measure" Referring
to the silver question, the senator
said: "The question that is now Gre
ating the most burning issue in our
national politics is the silver uues-
ton, and on that I wish to say a few
words If the resolutions adopted by
the delegates to the national conyen-
t1ons held by each of the two great
parties in 1892 and the resolutions
adopted by those same parties repre-
sented in several state conventions Of
1884 are any indications, it is plain
that the voters of the country gener-
ally prefer the bimetallic syEtem of
coinage that prevailed in the United
States before 1873. Nearly every Dem
ocrat and Republican demands parity
in purchasing and debt-paying power
of the coined dollars. I am not in the
councils of the gold monometallists
but If L were 1 would suggest thai
they are prejudicing the cause of safe
and sound currency at this moment
by nagging over immaterial incidents
as for example, whether under the
coinage of 1892 the silver dollar was the
unit of value. If New York can be
carried by the Democracy this fall If
can be carried in 1886, and with it the
country and the presidency. Another
defeat here forbodes national disas-
ter"
Comptroller of the Currency James
Fl. Eckels spoke to the toast, Sound
Money!
MIR. ECKELS SAID:
A distinguished Democratic states
man, speaking in opposition to the
passage of the sedition law, declared
that ''the heart and life of a free gov
ernment is a free press" The expe-
r1ence of a century of republican in
stitutions has demonstrated. the truth
of the declaration. In the past it has
been, and in the future it must con-
tinue to be, the one great weapon in
the Democratic armory with which to
defend the party against harm from
within and attacks from without. Upon
it's trustworthiness must Democracy,
| rely for the maintenance of party hon
or and the enforcement of party prin>
| ciples. Those principles are so few in
number as to be stated within the linn
its of a single sentence, -and vet So
comprehensive as to form the basis of
| the Fight conduct of this government
Of 65,oOo.00o of people, and found their.