New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-09-20
IS SEWALL FOR M'KINLEY
Continued from First Page.

Democratic platform which denounces pro'ec-
ton. -.
AT the headquarters Of the Republican Ma
tionaI Committee further comment WAS maue
ON tho gold contracts of Mr.. Sewah Many WIS.,
itors referred to the subject. The general op"-
ion was that SewaIl had betrayed the weakness
Of the silver cause by his conduct In stpuiat'ns
gold payments for his products.
Senator Quay smiled over the predcament IN
which the Popocratic campaign managers aie
placed by Sewals contradictory course. ne ~
bitter In his expression against poi'tlo i
opponent and he spoke aughngy or the eo,u
contracts. Mr.. Sewall," said the Senator e'i-
IDENTIFY believes in cllnching his contracts 80
that In of free silver, he VIII not lose by
the change in the financial system. Al the same
time II would be interesting to know whether or
not he contracts to pay his workingmen In goid'
OTHERS LIKE HIM
Colonel Swords regarded SewaIl's course as
only repetition Of the course other protested
free-silver advocates are pursuing. There are
AItged and Senator Stewart and Coin Har-
vey." he remarked AL Of whom declare such
great faith I'm the wonders which free silver Will
do. and yet they take good care to have all their
accounts in gold. Their fear that silver Will
never he as good as gold under Bryan dispen-
saton is plain to any one who can think, and no
better argument for the gold standard could be
adduced."
The exposure OF SeWallS inconsistency was
further discussed In political circles in Brooklyn
Yesterday Sound Money Democrats and Re-
publicans alike laughed heartily at the Popo-
cratic predicament.
Il think Mr.. SeWall's methods show a certain
Inconsistency. to say the least" said Assistant
United States District Attorney Robert H. Roy
IF he believes that gold and silver could be
maintained on a parity with free coinage OF
silver I don't know why he should have any
gold clauses in his contracts. II. however that
is not his belief. then he IL insncere in his sup
port OF the Chicago platform.
Alexander Mckinney, Chief Deputy Internal
Revenue Collector. said at occurs to me that
this is proof of the fallacy Of the silverites
theory concerning the effect of their free-sver
doctrine They don't practise what they preach
They want gold for what they sell and wish to
pay silver for what they buy. This Is manifest by
their conduc. OF their individual business trans
actions at the present time. and by the trans-
actions which Sewall has had with others. The
same thing applies to all other silverites. They
are willing to let the Government try the ex-
pertinent OF unlimited coinage Of silver, but they
are already dscounting the effect Of the law In
their own private business transactions
sEWALL's ADMISSION.
Henry Yonge a well-known Democrat. said
"Sewall. in his reply in morning paper to the
effect that his charters were like all other
charters. payable in gold. makes an admission
that gold is the standard cf nations. In sub
stance il is frank confession that the impress
of the Government stamp upon silver dollar
adds nothing to its value. Some of Mr.. Sewalfs
charters in question with vessels trading
with slver-standard countries, and Mr.. Sewa
pursues as to those countries exactly what the
gold standard men contend will be the attitude
of other countries toward us should adopt
the silver basis.
Alderman F. w Singleton said: II believe this
form of contract used by Mr. Sewall does not
differ from that used by all shippers But it
seems bad for pronounced silver man like Sewa
to demand his pound of flesh. I should think he
would be willing to stand by his guns and have
silver clause inserted in his contracts
Alderman James II Rugges said: 1T is thor
oughly inconsistent on the part Of Mr.. Sewall to
demand gold. He ought to follow the advice OF
Tom Watson, resign. and come into the ranks OF
those who are in favor Of sound money. in theory
as we'll as practice"
s. NJ Hubbard. a prominent Shepardite law
yer. was seen at his home, No. I3 South Oxford
St He read Mr. Sewalls gold-clause charter and
said Yes: Mr.. Sewalrs position Is inconsistent
IL he has belief in silver at heart. 1t is evident
that he thought loss would arise through
silver contract 1t is not clause In bills OF lad
ing generally. My firm does the largest bond
and mortgage business in the city. and | have
never yet inserted gold clause. because have
faith in the honesty Of the people. AT the same
time. IL Mr.. Bryan is elected President, shall
insert gold clauses in all future bonds and mort
cages that issue. think Sewalrs position Is
very peculiar one"