Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1896-11-19
HENRI THE SEER.
wattsrson Essays to Tell Uncle
Sans Fortune.
rALLDEPEHDs on HATHAPpEHs

IL ALL DEk6NUSO On WHAT HAPPENH
Ike Other Fortunes That Are Told-Pre.
liminary Remarks on the Recent Elec-
tlon In Which the G. O. r. Il Character.
lied - . Party Frequently in Great Lack
Some Warnings to the Wealth Of the
Eastern states-Interesting Interviev.
Paris. Nov. 19.-rSpecial correspond
ecnce Of the Associated Press.l-Hon.
Henry Watterson, editor of the Louis
Vile Courier Journal, who was promi-
nently urged for the nomination for
the presidency at the Indianapolis con-
vention, 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withdrawn, has remained in this city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 the fol-
lowing revised interview: The election
Of Mr. Mckinley said watterson. lis
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 experts in COIN
age. free silver was able to commit to
the new monetary delusion many men
who, except for their ignorance of this
particular question, could never have
been reached, and who were sound to
the core as to the national credit and
safe. stable circulating medium.
Mckinley Among the Led Astray.
Among these public men was Mr..
Mckinley himself. The leaders of the
nat money movement, reinforced by
the silver mine owners, finally made an
incision into the Republican party and
got possession of the machinery of the
Democratic party. This eliminated in
the nomination and defeat of Mr. Bry-
an. With that defeat ends the free sill
Yer frenzy and danger of a Is to l kind.
But the elements of disorder it has
called into being and the agrarian is
sues it has set into motion are left
upon the scene. and we may be sure
that these will continue their assaults
upon the life of the nation and the in
tegrity Of the people until they are
swept out of existence in 1900. Mr. Nc
kinley's election settles nothing. It
merely removes fiat money and depre-
ciated silver dollars from among the
rocks ahead"
Cannot Mix Water and Oil.
Watterson was asked il the union be-
tween the gold Democrats and the Re-
publicans could last. and he replied: Il
do not see how it can. The differences
are too doctrinal and radical Mr.. Nc
kinley is an extreme protectionist The
sound money Democrats are sincere
revenue reformers. Certainly states
manship is largely an affair of COM
promises. But to be effectual and ben
eficial the compromise must he logical
and just Nothing could be more de-
sirable than a union among all law
abiding. order-loving citizens. against
whatever and whoever threatens the
interests of the country. The Bryan
menace did produce such a union Bry-
anism was simply mobism and before
such an issue, whenever raised, party
distinction must vanish from the minds
of patriotic men. But the immediate
danger over the original disagreements
are bound to reappear."
Takes . whack 1t Protection.
But, Mr.. Watterson." said the inter-
viewer has not the Republican VIC
tory been so overwhelming as to carry
For the time being. yes" was the re-
ply THE Republican party has had in
its time great good fortune. 1t has
shown itself a clever opportunist. But
| it cannot rest its case upon the doc
trine of protection. Neither as a policy
nor a sa theory, nor as a keynote. can
protectionism hold its own or stand
alone. 1t is at war with the genius of
American institutions. 1t should be no
longer necessary-if ii ever was truly
necessary-to the American manufac-
turer. 1t is the father of paternalism
| and the godfather of Populism. 1t sets
| examples to those who imagine that
| wealth may be created by legislation.
1t imposes grievous burdens on the ag-
ricultural classes. During periods of
| depression 1t serves both as an instiga-
| ton and a pretext to the discontinued
| elements. 1t Is the occasion of con-
slant corruption in congress"
/ mn