Evening journal., 1896-10-05

HIM TO BREAK COMPANY WITH
THE REPUBLICAN PARTY IN 1892.
1t was q rousing reception which the
Democrats of Delaware gave United
States Senator w. M. Stewart, of Ne
vada. Fully two thousand men and
women assembled in the Auditorium
on Saturday evening and heard
this gifted son OF the far
West discusss the issues Of the cam
paign in general and the free silver
question In particular. He spoke as a
former Republican who had severed
his connection with that party in 1892
because 1t refused to go before the
country with a free silver plank in its
platform. What he lacked in eloquence
he made up in dignity OF appearance
and address and his visit to Delaware
has undoubtedly done the Democratic
cause much good.
Howell S. England was chairman OF
the meeting. His associates as vice.
presidents were a number OF Whining
ton Democrats of prominence. II was
some minutes after Mr.. England had
introduced the patriarchal statesman
from Nevada that the applause which
the introduction aroused had sub
sided.
THE purchasing power since 1873
has increased fully one hundred per
cent. because money is scarcer than 1t
was" said the speaker. Men say that
it is because OF reproduction. Is
land cheaper to-day because OF any
overproduction? No. But because
there is greater demand. Has there
been any new machinery to increase
the price OF wheat or cattle2 The in
ventions had nothing to do with it.. II
you increase the production of money
the value becomes greater and so much
advancement is made in business. II
you cut the value OF money in half,
you cut in half the wages OF the work.
ingman. This is a matter Of converse
tion among the bankers OF the Old
World. They are scheming to destroy
Democracy. But shall they say who
shall rule our country?
when the silver act was passed in
1890" he said, 1T made the coinage
amount TO two millions of dollars
yearly until 1891. The money was
coined and then the inquiry came
whether they would continue to coin
silver for the redemption of the notes.
Hungary had a two million dollar debt
payable in silver. They couldn't get
gold, and as they had the option OF
paying in either gold OF silver, they
looked for the latter. Germany and
England would not allow them to take
their silver. They had to come here
So in 1891 Charles Foster was called tC
bankers dinner in New York to dis
cuss the matter He said they coulC
have our gold. Then Harrison, in hi:
message, assured the people that Eos.
ter had done much to save the bond
issue OF the country. Hungary's treas
ury officers afterward met and one
million dollars worth OF notes was de-
manded by them in gold. Then began
the issuance of bonds. Hungary's pur-
chase decreased our supply of gold tc
the one hundred million limit. Car
Isle wanted to pay in silver, but
Cleveland cOuntermanded the order
and went on to pay gold, which brought
on the panic of 1898, which still exists
It was as bad as giving one millior
dollars away. The books of the treas
ury don't show one dollar credit for th'
sale OF this option. How would thiI
affect the merchants OF to-day? Say
as an agent, agree to furnish a mer
chant 900 bushels OF corn. The corr
crop fails. There is no rye. That fac
would destroy my credit to a sense. Blu
to restore 1t, / as agent, mortgage ;
friends farm and with me money bu.
corn. Is that honorable?
THAT is just what the Republican
: party is doing to this government
When we had an abundance Of silve
: they sold twenty-six millions of bond
: and mortgaged the American people Z
: pay for gold when it was the duty o
= the administration to pay in silver
: Every cent of the two hundred an
! sixty million dollars we owe to-day
the result of having given away ou
option. It has destroyed our bushes
> and our commerce. Then came tn
trouble over the repeal Of the Sherma
: act. They said to enforce it woul
bring good times. But has it? The
now have the audacity to tell us ths
what we want is confidence. What cor
fidence can the American people hay
in an administration that will pay gol
J. when it does not owe 1t? The gol
standard is a curse, and 80 infamoi
that it cannot be maintained except
the loss OF liberty. After the war Eni
land purchased some Of our bonds an
has since continued until now the
have five hundred million dollars wori
and their interest has been a drain
our treasury ever since. / tell you
affects the farmer. He cannot 81
enough at gold prices to pay for VIII
r, he buys. You all know the conditi'
g. of our treasury on the gold issue.
!. Now about these men that r.
labor. They are from the other sic
- Our Republican friends tell you he
interested they are in the labOril
man. Who controls the railroad lab
OF the East? The Vanderbilts al
: Rothschilds, declare. They have I
say. They also operate in Europe.
ile is not their object to make money
te their employees, but for themselv'
IT. They are not humanitarians. Tn
u make the contracts and pay the S;
% aries, but ! tell you the laborer W
never thrive until he has a part in I
contract. They will not be paid
ne fifty-three cent dollars. There ney
ha D,