The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-01-30

Mr. President" the senator said,
cit is not saying too much, and 1 feel
warranted in charging that the de-
rangement in our finances and all this
cry about sound money and maintain
ing the honor and credit of the United
States are all part and parcel of a
damnable scheme of robbery, which
had for its object, first, the utter des-
truction of silver as a money metal;
second. the increase of the public debt,
the issue of bonds payable in gold; and
third, the surrender to corporations of
the power to issue all paper money and
give them a monopoly Of that func-
ton
Senator TiIlmam referred to the en-
actment of the Sherman silver law in
1890 and in this connection said:
TAKE WARNING.
The silver Republicans of the west
who had deserted the silver Democrats
of the south and accepted the compro-
mise offered by Senator Sherman, may
take warning as to what faith or trust
they can put into any utterances or
actions of the senator from Ohio as to
legislation in regard to our finances.
The time for another presidential cleo
ton approaches. They must under
stand that the election of any man to
the presidency who would veto free
coinage bill means defeat. 1t means
more: it means continued disaster to
our Industries and increased poverty to
the masses of our people.
Under the Sherman law, he con-
tinued. there was a diminution of the
amount of free gold in a gradually
decreasing scale, but not enough to
cause any alarm. During the entire
year 1891 and the entire year 1892,
there was approximately as much gold
as there was during 1884 and 1885.
SECRET HISTORY.
eff the secret history of the year
| 1892 shall ever be written, it will dis
close the fact, which cannot be proven
now. but of which / have not the
slightest doubt, that the gold ring OF
New York, which embraces nearly all
the bankers in the eastern and middle
states. and the stock gamblers of Wall
street, controlled the presidential noml-
nations of both the Democratic ana
Republican parties, and had an unoeI-
standing with the managers, or with
both the candidates themselves, IN re-
gard to what policy should be pursued
toward our finances. They contributed
money for the booming of Mr.. Cleve-
land as the only available Democratic
candidate. and they abused and rlol-
culed every other Democratic asplraIt'
There was plain evidence to show
that the president himself had weak
aned on tariff reform. and that the I'm
ancial plank was cunningly drafted so
so as to satisfy both gold and silver
men with the intention that 1t should
he interpreted, if Cleveland was elect
ed. as meaning the cessation OF SILVER
coinage and the forcing Of the gold
~,
scheme was agreed to by the president
or not. and whether he bound himself
in plain terms or not, will perhaps
never be known. His course has been
answering in the absolute contradic-
ton of his public professions and letter
of acceptance"
THE FIRS- GLIMPSE.
There had been no trouble with the
gold reserve, the senator asserted, and
no hint of any loss of confidence in the
national credit. until about the time
of the last presidential election. Then
for the first time we got glimpse of
the conspiracy which he had referred
to before. Secretary Foster, he said,
gave the holders of greenbacks and
treasury notes the option of having
government paper cashed in gold or
silver. and as they all demanded gold,
the gold in the treasury rapidly ran
down. The financial papers took up the
cry of the country going on silver
basis, and the first premonitory breezes
of the panic of 1898 swept over the land
and the cOnspirators formented it by
every possible means.
The senator quoted from President
CleveIand's response to the committee
that notified him Of his nomination the
last time and declared there was moth
ing in it to warrant one to expect that
the leader of the Democratic party
would ignore the platform and treat
with contempt the trusted lieutenants
whom the people had sent to the ma
tional capital to assist in shaping leg
islation. The language would lead US
to expect the very reverse.
HOW MANY?"
How many" he asked. ''of these
reasonable expectations had been met?
Whose advice has he (the presidenO
recognized? None but that of the boot
ticks and sycophantS who have crawled
on their knees for crumbs of patronage
and betrayed their constituents for the
offices in his gift.
I'm the entire history of this country
the high office of president has never
been so prostituted and never has the
Claiming TO be the apostle OF civil ser
vice reform, he has debauched the civil
service by making appointments only
of those whose sponsors would SuTren-
der their manhood and, with bated
breath, walk with submissive head in
his presence. With relentless purpose,
he has ignored his oath of office to up
hold and obey the law, and has paid
out gold instead of coin, and issued
bonds to buy more gold, by both ac-
tions overriding the law and giving no
heed to the interests of any but monied
friends-I might say his owners or
partners.
while to this besotted tyrant coin
has come to mean gold alone, he can
not by his mere ipse dixit' change the
law of this land and pervert the plain
meaning of the English Language"
THE SHERMAN LAW.
The repeal of the Sherman law, it
was asserted, which was the first point
of attack of this "unholy alliance"
was only accomplished through the
aid and in conjunction with a majority
Of the Republican senators.
This Democratic president accom-
pIished what was not possible for any
Republican executive under the circum-
stances to have brought about. A
change Of the party in power had left
a large number of offices in his gift
with much to buy votes.
In discussing the honest meaning
of parity of gold and silver in the
Sherman law, he said:
q