The times. [volume] (Richmond, Va.) 1890-1903, 1896-03-14
ANOTHER SPEECH FROM MR. ItoL-
LIVER.

a week or so back We remarked mon
the very able speech which Mr.. Deliver
OF Iowa. had delivered in the House OF
Representatives upon the fundamental
questions which lie at the bottom of the
financial discussion that has been going
on in this country for the past few years.
We expressed our surprise then that
man capable Of such lofty and broad rea-
soning should be willing to prostitute his
talents in an attempt 10 defend the spe-
cious but utterly false doctrines of pro-
lection as he had done in the course of
that speech. But Mr.. Dolliver has now
repeated his offence in this respect, and
in a most aggravated manner. The Iowa
State Republican Convention to send
delegates to the National Republican
Convention was held in Des Moines, Ia.
on Wednesday last, and Mr.. Dolliver was
made temporary chairman OF 1t. On taxi
ing his seat he made speech devoted
in the main to protection, and in the
course OF it he displayed a most attrac-
tive and a most devilish ingenuity IN
perverting well-known facts from their
true relation to things into arguments
that supported his false theories of pro-
lection.
For instance. he said the Wilson bill
had caused much greater imports into
this country of foreign goods, gold had
been required to pay for them the green
backs had dragged the gold out of the
Treasury to pay for them, sales of bonds
had been necessary to replenish the gold
reserve. Understanding debt had thereby
been piled up UPON the people, and, there
fore. that the Democratic reduction OF
the tarin was the cause of all the ills
The country was now suffering from.
Now. 1t would be hard 10 hnd anywhere
a more ingenious melange OF conceded
facts 50 brought together as to be en-
trely misleading in the ultimate infer
cnce drawn from them.
A balance Of trade against this coun-
try that requires gold to he sent abroad
10 settle IL is not necessarily an evil il
\ man possessed Of gold is in need of
wheat-thrcshing machine ne does not
suffer an injury by exchanging his gold
for the machine His wheat will perish
If he cannot get it threshed; the gold VIII
not thresh ii. and the machine will. lie
j. better or therefore, when he las eN-
changed his gold FOR the machine than
he was while ne had the gold. The same
N true Of nations. \ nation may be let
(er of hy reason OF sending It's gold
abroad TO pay for things that it wants
than by keeping its gold and needing the
things. There is not therefore anything
necessarily harmful 90 ms in having
balance Of trade against us.
hut Mr. Donivcr is perfectly risht IN
viewing the depletion OF our gold reserve
by the gr,cnbacks as an evil. though Il
has no sort Of connection In us chaiac-
ter OF evil with our remittanccs abroad
The balance Of trade against us is merely
the occasion FOR The greenbacks raid!ns
the Treasury They would have the same
power 70 raid II II there were 80 balance
of trade against us. and they would ac-
tuallv raid IL i'm response 10 sales Of bonds
by Europeans frightened by our threat TO
pay them in deprecated silver dollars
lust as cncciually as they have done.
The eil belonging TO tbs part OF the
case inhcres in the existence OF the
greenhacks u grows ont OF the fact that
the Government has abdicated 10 fLnc-
lions OF government. and has gene
into business as a banker with els prom
issory notes anoat There is wnsre tie
pinch is-thcre is where the shoe subs
The Government ought not 10 20 thls.
IL ought 90 TAX. Ia these notes and de-
stroy Thorn. ana then there would be 40
gold fund in the Treasury for them TO
raid and 30 consequent increase Of an
in,cresi-hearing debt. We might then
have those balances Of trade against as
that are healthy. and we shoulG then
see no depletion OF the gold reserve 20
alarm the world lest the Goyernmcnt
were going 10 protest. with our financial
system slipped down 10 a basis only half
as valuable a. Il Is.
But Nj. Deliver cannot fcproach She
Democratic party with keeping uosc
greenbaeks outstanding. His party Is as
responsible for that as the Demcc,a'ic
party 10. John Sherman is the great
high priest Of the hideous doctrine that
he Government xTeenbacks are the true