The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1896-01-06
SHERMAN'S Great Speech
Complete Text of His Mastery Ad-
dress in the Senate.
THE TREASURY'S DIFFICULTIES
They Originate in the Deficit Breed
ing Wilson 1arirf-We Never Had
Any Trouble When Revenues
Equailcd or Exceeded Expenses.


Wasbinaton. Ian. The sneecb of
eon,tnr Sb.r,,,n n,, tho tin,,,.,,, ,,,,.s
,;o, i,,., T,i,,, :; In IL ~
''oi, iast riuas u sun 'he taik oi the
capital III Is admitted To have been
the ableSt refutatiOn of the administra-
tons DOSition vet made II will be
taken ns the Rsnubljcan nsrty's text in
next fairs nresilential ramnoipn The
- '",' ,',
i"ii ttN, vi 'hat ""u,'sH - picHc't'
herewith. Senator Shermans speech
was delivered I'm support of the follow
ing resolution.
R.solyed. That by Injurious legislation
by the F'ifty-,hird congress the revenues
of the government were reduced below
It's necessary expenditure. and the fund
created by law for the redemption oi
United States notes has been invaded to
SUNNY such deficiency. that such mis-
application of the resumption fund is of
doilbIful legality and greatly injurious to
the public credit, and should be prevent
ed BY restoring said fund to the sum of
moi less than SlOO oOO.O0 in gold coin or
bullion to be paid out only in the re-
demption of United States notes and treas
ury notes which, wncn redeemed. to he
reissued only in exchange for gold coin
or bullion
Senator Sherman said
The nresilent in his annual message to
conrress ronNned himself 10 Two import
AMI suhiactS. one oIlr foreign relations and
The otHer the condition of our nationul
finances He followed il by another mes
sap,. on Tho nnulication of lhe Monroe doe
,rina to the controversy between Great
nrjt,in and Venezuela. While congress
heartily. prahaps too hastily. hut with en-
tire unanimity, supported him i'm MAIN
t.ininr the interests and honor of our
cnuntry i'm the field of Diplomacy. il has
moi and will not approye his racommenda-
lions on the more important subject of our
currency. He has mistaken the cause of
our present financial condition in attribut-
ing il TO the demand for gold for United
states notes instead of the deficiency of
revenuc caused by the legislation of the
Iost conpress He nlnces The effect before
the cause He proposes as a remedy the
conversion of the United States notes and
thn. n nasinr IN he interest ,bearinp debt
n.,,rIv s5oS Ooo oOn Ne nronoses n line IF
muhlic noIicv that VIM nroduce n sharp
rontraction of o,,r currency. add greatly
tn tbS hurden of nyistinr dcbts and arrest
No nrn"ras. ~ olnnSt .,ory Americ,n
industrv which now "ompetes with foreign
nrnduriions
Tha ,rasii.,, is sunnnrtad in tb.sa vjews
nv Air Carlisle his able secretary of the
,reasurv in his renort 10 congress. II is
Win diaidenrn 7 undertake tn controvert
IN, IT. oninions hut nv conviciions are so
,trnng that they ara in error that I hone
~, S,ronwtb ~ Tho racts I will suhmit
tn the senate will CONVINCE If that The
,,,. dina Of ,,uhIi,. nnliry to N SIIpnlv he
,,ovornmant with annie means tn meet
H., c,,rront ewnenditmres and to nav each
,,,r a nnr,;on nf tha mihlic debt The
s,,nIi r.s,rve nrovided for tho reclamation
81 SS i.ni,al Stotas nntes can Then be EASILY
w w, ,inad yitbom, cost eycent the loss
but Win sav;np of interest on Tinted
Sta,ss notes and sreos,,rv notes of live
tines tho interest lost by the gold held in
rnsar,,a yas,iv prester heneilt Than
saying iptarast iS secured to our neonle
hu a national naner currency AT mar With
,9o;n oo " s,,nnort ad hr tho crei;t Of the i'niteJ
c,ates and Redeemed on demand In each
noin AZ Inc treasrrv in Tho nrincjnnI citv
Of The United States
Trouble Due 10 the Deficit.
The onlv d;ncul,lv in tho way of an
easv maintenance of our notes at mar
win coin is the fact that durinp This
niministratio, the reveni,es of the gov
ernmrnt have not been sufficient IN meet
tbe eynendjiures authorized Ly congress
II congress had nrovjded The necessary
revenue or If the uresi,lent and Mir. Car
lisle had refused TO expenI approprin-
tinns not mandatory In form hut nermis
eiye 81 AS to confine exnenditires within
,eceints they woujd have no. dificuliv y
uitl, the r.serve This woulI have barn
" stalwort act in harmony with tha
nrrsijent's character and nlainlv within
his mower. All appropriations which are
not pro'ideu 10 carr! mo eiiect eNlstiilS
nnh ,n" his raf,,saI ~ sxnepd money in ~. az :
aa,,' anus nf tba rnven,ea nc Tho ,.nve,nman,
oeSn ,, ~ , nv AK, ho ;"st;ao, m o nv, nmhIic
i',s,ro3I,ad he thn nenn,e of tho i'njt ~
st ,nnvy as pwel o,y ono
,n,t si,na thn cI,s" Of tho civii var IN
,hn ,iata of his inaup,rntjon tho OK.
wy wy ,t,,, , ~. ,,",'arn,,an, b,a ha,',
'eno,1u,eS ~, VI ,o,,So ne "''e"' ia" oee''
leIH ,na', ,,r ,ai,io u,hiob s,o,r, th, go
.,,ni. AMY exnanditure. n,,ch Vaar fro.r
,,it t isaa l'ron, this oaicin, s.,tamant IL
nT,,crs rS" ~ that each an, every vear duriur
'.pl.' io,o '' norind ihara MS s,,rml,,s
III Ill ,,S ,nnii.d a. IN. rnd,,ci;on az ,h.
"nin sIH Ipp,rrm p,,;n W ,,t ,no ,ri,;. vi
p,u,nt,,taG Ans Al 1856, to 50 3s, 5si 3ai on
~ ~, az riarch Isoi /, US ~ n,i o,;
~, ~ :" na,,t ~, ,o,i ", ;,,.,r..
,aith 60 m,oJyaI T." MS roi,,,,.,inn u,
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,;mu;n,, ,urI ,nd ,bntugh in some va,,,.i
NJ All no, ,',nnnI,. wiz tba ,orn,s n, ,ha
,n,,;n, NV '1, f,,r J's ,',s in otbs y.,rs va M . az.
cneIed lis rcn,iirements ana nrior to tbis
,'t,,i,r -, ~ ,,a,, ad,otio,, f
, 'ire r. ~
W.. ror ,In ,i,.s, ,in'n simco is,; ra h,y.
In,ic;onras or revanue since The 1st of
Wnrlh isae to ,he ts, ~ neo ,so, ,ha
Inb, hns hoa,, ;nnransaI .SJ' s,c1 cne
I've, ,n 30 ,,'"i "''' mas '''' '''' '''-'
o'-'-'''
CIcvcIand'S Com plnint.
,r,o rr.siaert +, b;s rec.,t ,nnu,,
nc,a ne nnm mains thai ,he ,,u "s n.,
!. ,soa I,owm as The M uckin,sv Kin " a,, H wae
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I =, T,.o, iau tbot,ah 4, Ia rua,,. ~. ra
emue, eeI ,axation % nv nioc,nr n,amv sar;,ic,es
uu',u m ~ go, i;st ana ''r,nted a horn,, -,
", . 'mr ,inc,inn nf sn1", vet d;J mn, ,o. re-.
N a.. - '.a,anres heIo,y nxIsnd;i,,ras h',,
uuev ov,aad surnlns of az 10 7e1 - limo ~, ~
T' lSoi io and 80 aii IA q; Inn" 20 ,SsS and nd
lSi; ar an9 a ~, sS.h oSt "'' ,iSs al.
u was V, nresdsnt a i9',' nmri
Nr. ~; .inr;,w in bolh honsns , af on'.
osraiI Ioo, elected al, nindgod ~ r., ,v,. ra
gree @ nau I,L;niev oct opd ~ - 80
beai the MI, ,in ok ;,,ar ot ~ ,,5 id"ue. @
uu,,rs. uanr.s mare revenue in 1894 and md iS9
Is not matter h 1i ,be na ,iv in any 'afii
Jaw uenoa"nu zee ro3eai II and to reT,,cs VII, d,
y promise 10 repeai i,,ora ~ ,;on ~ ,euute ~. ~,
ties wouiu preneIo tho a1,nn ui'uer tii'
old Jaw ahn ahms ,Sog oe, W ,hn ,v s,s rur
IN December, 1851 a,r,, q, sne NJ NJ IeSuiar s9s
sion OF cohgress ,is, au,mhs ,am ar III o,e,eianu :.
term 9iia & Mas passad the bams. Of nf Soo, rsn