Democratic Northwest and Henry County news. [volume] (Napoleon, O. [Ohio]) 1894-1905, 1896-10-15
GOV. ALTCELD
ON FINANCE.
His Reply to Schurz and
Cochran.
A REMARKABLE ADDRESS.
Single Standard Claims Knocked
to Smithereens.
THE ISSUE Is CLEARLY SHOWN.
THE ISSUE Is CLEARLY SHOWN.

Address of Governor John T. AitgeId nt
Central Music Hall, Chlcago-One of
the Ablest Arguments In Favor of the
Free Coinage of Silver Yet Made-An
Exhaustive Consideration of the Subject.
hold In my hand printed copy of the
speech of Mr.. Carl Schurz, delivered in
this city two weeks ago, and like copy
of the speech of Mr.. Cochran delivered
one week ago. The first fills 10 columns
of closely printed matter In q newspaper,
and both have been advertised rs the
ablest arguments in favor of the gold
standard that have yet been made. The
gold standard advocates speak of them as
containing Moses and the prophets, the
law and the gospel of the money question.
From the manner in which these people
speak of them, we are warranted in con-
Guiding that every argument and every
fact that can be marshaled upon that side
of tie question is contained In these
speeches This being the case, we natural
lyexamine them with the deepest interest,
for II the gold standard Is to be maintain
ed we want to know what we may reason
ably hope from it
No Hope In Either.
1t would have given great relief to the
minds of thousands of patriotic men TO
have had presented some balm for the ills
of our land, and as I love my country
moro than party or honOrs am sorry TO
have to say to you that in these long
speeches, containing as we are told, the
law and the gospel Of the gold standard,
there is not a line, not u sentence, not q
syllable, that offers any hope to the Amer
lean people That we are in distress is not
denied in either speech, but there is no
suggestion of remedy. The substance of
the whole argument Is that we will be bet
ter off and suffer less If we keep quiet
and that the remedy proposed by the Chi
cago platform would only make matters
worse instead of better, or as Mr. Schurz
puts it, the application of this remedy
would be jumping out of the frying pan
into the fire, and If he Is correct in this,
then tho only question which is left for
the consideration of those of our people
who are dying in the frying pan is wheth-
er they would be any worse off in the fire.
Mckinley Panacea,
The straight out adherents of Mckinley
factory conditions in our land and propose
to remedy them by ap increase of the tariff.
They feel that some hope must be offered
to the American people, and, having moth
ing else to present, they ask us to again try
the idea of increasing the tariff tax
They nsk the people to shut their eyes
to the fact that the distress from which
we suffer exists all over Europe as well ms
this country; that 1t exists in the coun-
tries having high tariff and in countries
having moderate tariff and countries
having no tariff Mt all and is clearly due
to some cause that has no connection with
the tariff They ask us to shut our eyes to
the fact that we have already II very high
tariff and that the decline In prices began
many years ago under "a still higher tariff
and that it went right on under the high
est tariff ever known In this country, call
ed the Mckinley tariff. They ask us to
shut our eyes to the fact that in 1883 the
conditions in our country were unsatisfac-
tory and that the remedy that was then
proposed as o cure was an increase of the
tariff and that this Immediately followed
the election of MIR. Harrison, when the
famous Mckinley bill was enacted. They
der that law wages were not raised, prices
kept steadily falling and that Immediately
after its enactment In 1890 there was
marked reduction In wages In several hun
dreds Of the largest manufacturing cStnb
lishments OF this country. They ask us TO
shut our eyes to the fact that while the
tariff shielded the manufacturer in some
cases against competition it permitted him
to fill his factories with the cheapest kind
of pauper labor brought from the fields of
Europe, and thus, instead of raising the
wages Of the American wOrkmen, not on
ly reduced their wages, but drove them
out of employment. They ask us to shut
our eyes to the fact that it was In the
spring of 1892, while the Mckinley law
was in force and while Mr.. Harrison was
president that the famous Homestead Ia
Dor riots occurred, being among the most
bloody that ever took place in this cOun-
try; that at that time the conditions of
the laborer We're rapidly getting worse, and
the prices of American products were
steadily falling They ask us to shut our
ewes to the fact that the Mckinley Law for
the fiscal year ending June 80, 1894, pro-
duced a deficit to the United States treas
ury of 70,000,00A
They ask us to shut our eyes to the fact
that neither the laboring man Of this
country nor of Europe has derived any
substantial benefit from the tariff because
the employer is always permitted to fill
his shop with cheap labor They ask us to
shut our eyes to the fact that the tariff Is
no longer matter of theory, but a matter
of history. 1t has been tried, and 1t has
been found wanting. Consequently with
the adherents of Mckinley it is question
in this campaign of seeing how often they
car fool the neopla Both Mr.. Schurs and
CASToRrA,