Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1896-01-09
MEMORY OF JACKSON.
sEcnnrAar snIrM on FlxAxcn.
He Defends the Administrusies
from the Aspersions Of the Repsb-
Iicans-Herbert Also Speaks, On
Money-Letter from Cleveland.


For the sixteenth year the Young Mems
Democratic Association. OF Philadelphia.
tonight observed the anniversary OF the
victory OF Andrew jackson over the
British at New Orleans by dinner. The
dinner was held In the banquet hall OF
the new Bourse building. and was at
tended by about 200 members Of the as
ISOLATION The principal guests OF the
evening were yice-President Stevenson.
Secretary-of-the-Interi Hoke Smith.
ID. ". Morgan, Treasurer OF the United
States; United States Senator Charles J.
Faulkner. OF West Virginia. and John l.
Seymour, Commissioner OF Patents.
Attorney-General Harmon was ex-
pected to be present to respond to the
toast. '"rhe President OF the United
States" but he was detained at WASH
ington.
Secretary Smith spoke to the toast 'Ths
Public Credit" Mr.. Smiths speech was
in advocacy OF a gold standard rs op-
posed TO free silver. He declared that
Andrew Jackson was a sound-money
Democrat. and he reviewed the record Of
the Democratic Administration from
March 4. 1885. 10 March 4, 1889, showing
that II had paid OF $3ft. .4is.00o OF bonds
and had left over $500 900 In the Trea-
sury In excess OF the gold reserve. While
the Republican Administration which fol-
lowed paid or SOS 900 OF bonds, IL
found a surplus In the Treasury almost
sufficient TO make the payments, and
left the Treasury practically empty, with
the exception OF the gold reserve, when
turned over to the Democrats, on March
4. 1898.
FINANCIAL DISTURBANCES.
He argued that the financial disturb.
ances began before the revenues had
ceased to be sufficient TO meet the ex-
pendltures OF the government. and also
that the first deficiency was before the
passage OF new tariff legislation. there
having been a deficiency In round num-
bers OF $6O,0O0,OO0 during the twelve
months Immediately preceding the repeal
OF the Mckinney bhi; that the passage OF
the Sherman silver-purchasing law forceu
into the currency a large amount OF
paper-money at time when II was diff,-
cult to sustain the outstanding green-
backc.
He argued further that Immediately
upon the passage OF this act the with
drawals OF gold became Iargrs aud that
during the last seven months OF 1892 they
amounted to over 17,ooQ01o and gold
was being withdrawn at the rate OF siz,-
100000 per month during the last three
months of the Republican Administration.
He also showed that at thu time or the
passage OF the sherman suver-pur-
chasing act. gold to the amount Of $780,
100000 had been withdrawn from tine
Treasury
Concluding his speech, the Secretary
said: mo one questions the ability OF
the government TO meet It's current ex-
penses. 1t fs a doubt as TO the purpose
of the government to maintain gold as
a standard which has created the dis
trust. which has shaken confinence.
which has checked business. and lessen
ed the revenues. Remove this doubt, and
the increase OF general prosperity Will
readily take care OF the question OF
revenues.
ANDREW Jackson was distinguished for
his courage and patriotism. Let Demo-
Gratis meet the issues before the country
with the same spirit, and Republican
majoritles will fade before them
Senator Faulkner spoke for "The Dino
cratic Party" and Robert T. Wright.
chairman of the Democratic State Com
mittee. for THE Commonwe OF PENN
sylvania and the Young Democracy"
and was answered by the Hon. Emanuel
fueltD, OF lIllduciDnids tof luz ttttB
Democracy of the City,
IN NEW YORK.
NEW YORK, January s.-Jackson-Day.
the anniversary OF the battle OF New Or
leans, was celebrated by the Business
Mems Democratic Association tonight at
the Savoy Hotel.
Theodore Meyers presided. and at his
right sat Secretary-of-the-Navy Hilary
Herbert ex-Covernor Flower ex-
Governor T. NJ Waller. of Connecticut;
Congressman Amos j. Cummings, and
Judge l.. III. Dugro.
At the chairman's left were Isador Ray
ner, Comptroller Fitch, Postmaster Day.
ton, j. L. Simmons. and Thomas Il.
Baldwin.
Chairman Meyers rose and congratu-
lated those present, who. he said. were
the old Guard OF Democratic principles.
that neither died nor SURRENDERED. he
then introduced the Hon. Hilary A. Her.
bert, who spoke on Sound Money Me-
cessary to Commercial Prosperity
After a speech from Mr.. Rayner. Chair
man Meyers arose, and said he had a
communication to read. II proved TO b
a telegram from the President. and elicit
ed unbounded applause. II was addressed
10 the chairman OF the COMMITTEES, and
read:
'In spirit 1 join your guests tonight
IN their appeals TO every patriotic senti-
ment which the occasion inspires. and
rejoice with them in their manifestations
OF that love for our national life ard
honor which characterized the great
American whose deeds and valor you
commemorate.
Csigned) "GROvER CLEVELAND