The herald., 1896-11-19
HENRY NAIlERSDN
FURNISHES VIEWS !
On the National Campaign ]
Just Closed 7
It IS The BEGINNING OF The END (.
OF the Movement Begun Twenty
Years Ago
THE DEFEAT OF MR.. BRYAN T
Marks the End Of the "Free Silver
Frenzy"
But the Gorgou OF Agrarlanlsm Is Yet
THE DEFEAT OF MR.. BRYAN
Marks the End of the "Free Silver
Frenzy"
But the Gorgon Of Agrarlanlsm Is Yet
Abroad
The Spectacular Editor Is Rather In.
clined to Think the Nation Will
Live, Though the People Don't
Know Very Much. Z.
Associated Press Special Wire


PARIS, Nov. 1S.-(Special correspond.
ence of the Associated Press. .)-Hon.
Henry Watterson. editor of the Louis
vile Courier-Journal, who was proni-
nentiy urged for the nomination for the
president at the Indianapolis conven-
ton, but whose name was formally
withdrawn, has remained in this city
since the election. His views upon the
! result Of the national campaign just
closed have been furnished in an in
terview.
THE election of Mckinley" said Mr..
Watterson today, 'is but the beginning
of the end of the struggle which one
way and another has been going on in
the United States for twenty years.
1t began in the west and south for fiat
money. No sooner was the greenback
party disposed of than the free silver
party took its place. Other questions
being at the front and few of our public
men expert in coinage, free silver was
able to commit the new monetary de-
fusion many men who but for their ig-
norance could never have been reached
and who were sound to the core as to
the national credit and a safe, stable
circulating medium. Among these pub
lie men was Mr.. Mckinley himself.
The leaders of the fiat money movement,
reinforced by the silver mine owners,
| finally made an incursion into the Re-
publican party and got possession Of
the machinery of the Democratic party.
This eliminated in the nomination and
defeat of Mr.. Bryan. With that defeat
ends the free silver frenzy, and the dan
of IN Pt,t ha aJo an<u
| of disorder it has called into being and
the agrarian issues it has set into mo-
ton are left upon the scene, and wa
may be sure these things will continue
their assaults upon the life Of the ma
ton and the integrity of the people un-
til they are swept out of existence in
1900. Mr.. McKinleys election settles
nothing. 1t merely removes fiat money
and deprecated silver dollars from the
rocks ahead"
Mr.. Watterson was pronounced In
declaring that the union between the
Republicans and gold Democrats could
not last.
Asked whether he did not think tho
Republican victory has been so over
whelming as to carry everything before
it, Mr.. Watterson said: For the time
being, yes. The Republican party has
had in its time great good fortune. II
has shown itself a clever opportunist.
But it cannot rest its case upon the
dostrines Of protection. Neither as q
policy, nor as a theory nor as key note
can protectionism hold it's own or stand
alone, 1t is at war with the genius OF
American institutions. 1t should be no
longer necessary, it never was truly me-
cessary, to the American manufacture
er. 1t is the father of paternalism and
the godfather of Populism. 1t sets exY
aIaples to those who imagine that wealth
may be created by legislation. 1t inn
poses grievous burdens on the agricul-
tural classes. During periods of de-
preston it serves both as an instiga-
ton and pretext to the discontented
elements. 1t is the occasion of con-
slant corruption in congress. The man.
ufacturers themselves ought to lead the
movement to discard it. They could, ie
they would, have the question settled
by statesmen, and save it from tho
hands of the mob. On such a line con-
servative men could unite to rescue the
people from monarchism. But with Nc
Kinley in the presidency this seems im-
possible, and I confess I dread to think
of the attempt to which he is committed
to bring back the Mckinley duties un-
| der the mere pretext of supplying de-
ficit which is not likely to exist at the
close of the fiscal year.
| And what do you think all these
| things portend with reference to the fu-
| ture of the country"
! II think the country is safe for the
| present. That the future of the re-
public will be equally assured devoutly
| hope. But thoughtful men should not
be lulled into fanced security because
we have overcome the dragon of repu-
diation. The gorgon of agrarianism ID
| yet abroad The Bryan movement was
most dangerous because it affected to
speak in the name of the people. The
whole people must come to see that there
must have been mighty changes going
| on in the world before such govern
ment as ours can be both safe and
| free"
| "IIoW do you mean, Mr. Watterson?"'
| I'm 1900 and under the leadership Of
| Thomas Jefferson. the principle of DEM
ocratic government began its real fight
for life. The issue there was, Are the
people capable of self-government? If
Jefferson had failed the Federalist party
would have gone on suppressing tndi-