Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-06-02
TARIFF AND MONEY
Senator Morrill, Speaks for Party
Sanity and Probity.
DENOUNCES 1.-THE l6 TO | PLOT''
Pfophesies the Republican Platform
Will Be for Gold.
PARTY OF PROSP ERITY

Z A RI Y OF p RO S P e R1TY
In opening his speech today Senator Nor
TIL referred to the emergency tariff bill
ard the bond bill passed by the House. and
said:
The democrats have broken away from
| the leadership of their President, and
while marching to the drum and fife of
North Carolina captain, are in such dread
lest the populists should get control of
their party that they seem to be in a hurry
| to become populists themselves.
THE recent obstructive tactics brought
| forth in the Senate to defeat the "coin
redemption fund" bill. as well as also to
| defeat the emergency tariff bill OF the
House Of Representatives, with q silver
coinage substitute. wholly irrelevant, and
having no possibility of becoming a law
but contemptuously obtruded solely to de-
feat the measures Of the House. can hard
craftsmanship, nor legitimate opposi-
ton by regular party opponents, still less
when promoted by those who claim to be
friends. and the excuses of such particl-
pants, II not merely accuSatory Of some
body else. must always have u fair hear
Ing, even II unsatisfactory"
The Sheep Industry.
The Senator then answered some state
nents that had been made concerning the
House tariff bill. to the effect that while
httle or nothing was proposed for wool the
New England wooden mills were very We'll
taken care Of He then said: The demo
cratc tarf has made sheep husbaudry 20
Ioi ger successful in any American state
anu this most attractive nationa! industry
II Tree Trade supporters hold the power is
TO be wholly and forever abandoned and
extlnguished Now. while the wooden mills
OF Great Britain are busy and nave nothing
to complain of, here in the United States
II Is Inherent, where 1t Is reported that
only "a per cent Of the hands in the wooden
manufaot ure are now employed, and those
at reduction Of wages. The sales of
wool daily reported are the smallest ever
crown. and among the non-dividend class
or mills the wooden mills are more large
~ represented than any other"
ne then referred to the Intellectual at
tempt 10 secure the consideration of the
tarln bill by the Senate, and said
henever the republican party shall be
SO unfortunate as to have presented for
us adoption any measure not practically
FOR the general welfare or not worthy of
national favor, the party viii not mourn to
see X slide into oblivion, but the party will
spurn the success of even a cardinal meas
ure II 1t is to degrade its members by
being obtained contingently for an equal
support of any other measure good or
bad NO man of independence no free
man, goes even to his dinner on comnui-
SION ana no political party will be prone
10 suicide when 1t is nearing the goal which
promises the mastery with its highest
honorS."
A Grand Prophecy
Inc Senator predicted that the platform
OF the republican party in 1896 would place
every dollar of our money in circulation on
a parity with the hes. dollar in the world
while ne asserted that the political ground
Under the democratic party appears dan
gerouSly volcanic. Continuing, he said:
NO doubt had our country been shielded Nv
sound protective tariff during the homeless
years of the present democratic admins
tration, much Of the business distress an,
woe or unemployed labor might have been
aVerted but another adverse and sore be-
Wltchery Of all business affairs in the
United States, hardly less potent than a
nee trade tariff, has been the unceasing
on ratio that would not fail to reduce the
standard value of our money, as we'll as the
whole fabric of public and private credit.
10 one-half of its present value.
1T Is prepoSterously ella lined by lending
supporters of the silver 10 to / standard
that Its consumption in the arts as mer-
chandlse, or in wha tever manner, however
large. except that of free coinage as stand
ara money, will debase and not increase its
value. and that even the purchase and coin
age Of silver is not an equivalent Of bin etal-
ism. Nothing less than the perpetual free
coinage of silver until the crack of doom
and giving to the owners all the difference
between Its nominal and its real value with
no charge Of seigniorage, 1t is seriously
urged, will prove wholesome tonic and re-
store silver to Its former prestige and
standard value.
Another Prediction.
According to this hysterical theory, the
United States may thus indefinitely initiate
our currency with silver dollars; but should
their coinage at our minis ever cease or
be suspended, the treasury and our people
would find these dollars had suddenly tum-
bled from their fiat value to that of the
paralytic class of 50-cent dollars
THE Increase of the annual silver product
of the world since 1873 has been very great
that of the United States alone being, in
1894. in coinage value. s7I,575 49, or almost
as much as the ISL, 500, 600 Of the whole
world in 1873 Our present stock Of silver,
now mainly in the treasury, and drug
wherever pushed as circulation 1924 900 600
is excessive and far beyond any legitimate
self stock of dear-bought silver any more
than he would nurse or covet carhuncles,
but all prefer some other fellow especially
bond-hoarding gold bugs, should exclusive
ly enjoy the blessing.
IF the President now finds It a task of
some difficulty to sustain our gold and sill
yer certificates on a parity with gold, OBJ
viously an unlimited increase of such cur
rency would be perilous
THE government can never recoup its
loss of over $50. OOO, 900 on its recently ac-
quired stock of silver as that loss, like the
deprecated silver itself, came to stay, but
the loss may be indefinitely expanded II the
silver autocratS now succeed in their world
wide 1G to free coinage plot