The Breckenridge news. (Cloverport, Ky.) 1876-1955, 1896-09-30
AND so RECOGNIZED IN ENGLAND
Demonstration Simply the Result
ola we'll Understood Plan of
afew SChemers In this Coun.
try and England.
BLAINE AND GRANT INNOCENT.
Peoria fIll.) Iourn Repl

Peoria tll) Journ ii Rep)
II is very interesting and very graft
flying to. observe patriotic Americans
rising Indignantly to deny that the wool
was pulled over the eyes of the Presi.
dent OF the United States, General Grant
and with him majority Of the members
OF Congress and the entire population of
the United States in the matter of none
tary legislation OF 1873. 1t is very pleas
ing because while it places the brand of
perjury on the hero OF Nicksburg, on
General John A. Logan and james q
Blaine, the plumed knight, Senators
Her, ford, Allison, Beck, Conklirg and
many others of both political parties, it
clears the great and only John Sherman
Of completely in subterfuge that, to use
the words of distinguished economist
and gold monometallist, spells r.u i'm
to the laboring and producing classes
generally. Some have observed since
the visit OF Congressman McCleary to
this city, that Republication of to-day
cannot at least boast of principle, when
driven to impeachment of it's most H.
lustrious dead in justification Of it's latter
day senile subserviency to Wall Street,
but this is uLkind and ought not to be
talked about. Those who are employing
it should rather regret that, with all
their plausibiIity, learning and research,
the combined wit and wisdom of Nc
Cleary free-trade Republicans, the
Grover Cleveland boiling cuckoos should
have failed to call to their aid the most
eminent witness of ala gentleman who
testifies most emphatically that he knew
all about the bill OF 1873, the learned
Robert GifGen, of London. In their great
nest hiding labor OF fact concoalment,
none OF the gold monometallic free trade
combination have as yet undertaken to
demonstrate that English economists,
advisory to the Bank of England and
London Board of Trade, were ignorant
OF what was intended by the bill. 1t is
admitted that Alfred Latham, Governor
OF the Bank Of England, was advised of
it, for persistent effoits of Peoria news
paper to extract the truth from the few
men who were parties to that unhal-
lowed tubteriuge inspired a heated dis.
cussion in the United States Senate in
1893, the result of which was the publ
cation of Alfred Lat'am's letter &C.
knowledgiDg his participation in the
counsels of its authors. In view OF this
fact it is somewhat surprising that Rob-
ert Giffen's vindicatiou q John Sherman
has been neglected, and kept out of print
Mr.. Giffen's testimony b, fore the Lord
Herschel committee OF 1898 was repro.
duced in these columns, and since then,
on Friday, April 9th, 1894, the same
gentleman reiterated his evidence, and
added thereto some very important inlor-
nation besides. The occasion was
sitting of the ShawLefevre commission
in London to inquire into the cause of
agricultural Depression" the witness
himself being member of the commits.
sion in question. On page 1862 of the
second volume of the minutes of evil
dence OF that Royal Commission the fol.
lowing dialogue is recorded. The ques-
tons were put by Robert Lacey Everett,
member of parliament, and are as fol-
lows:
Mr.. Everett to Robert G1en; snow turning
again to your ve'y able aud inter, sting essay on
Price and Incomes Complrel,' Viii. YOU re d in
1888, you tell us there that GU predict in 1873
that era OF falling prizes about to begin, and
that you based that the new demands { geld
which we're then f. reseen; we're those new de-
mands known at that tire. think IL was 1872 you
sadly
A.-"In 1879 we we're quite ce'tl'n about the
Gtman demand, whi,h actual had comTenc d.
II commenced in 1871"
o. But you were not awara, were you, of the
demand hat would arise in the United States p
A.-The question of the resumption fspecie pay
msnts In the United States h begun to he cen IA
cred at that time, and also as,uu ed that the
resumption cfs specie Payments would be in gold,
the United Sta'es had pract oully he,n a gold
country whrn they were not inc, nverlibla paper
country. Upon that footing il was fores, en- that
there would probably Re a very great demand for
gold in the United States. as they have parted with
immen'e quantity during the Civl War They
parted with the whole stock VIII the war com
meneed, and then they distributed ever the world
about $1,000 900 to E7,ooo.oco annually all during
the war. The eiore we ASSUMED that when that
came to an end and 81 ecie Payments We're umed.
the United States would make very considerable
demand for gold. as il afterwards dia."
o--"You were not awa'e that legislation was
lhsy 10 take place in the United States you had
no nkling Of ,hatf"
AYES, was aware Of that little. | did
not mention IL. see, In the paper, hut was quito
aware tfit IN 1874, when the legi aton did take
place. IL was a well-known hi z and very much
discussed"
Q-"You are aware that until 1873 the Mint 10
the United States was equally opsn TO gold and
silver and that both were equally lsgal-terdert"