Evening journal., 1896-07-15
WHAT mr.. BAYARD SAYS
He is Distressed Over the
Democratic Situation.
THs RESULT OF WIDE DIscoETENT


81. James Gives HIS Views ON the
Action Of tho ohicago Convention.
ReAnirms His Relief Ia Sound Money
aud Maintenance of the National
Credit.
LoNnoN, July 15-Ambasssdor Bayard
Was asked Dy reporter yesterday for an
| expression Of his opinion upon tha pres
ent political situation In the United
States and the duty Of the Democracy.
"Canddly," said Mr.. Bayard, Il am 30
distressed over the situation and " 10 30
| chaotic that, anchored as | am of here,
the smoke must rise from the field be-
fore the line OF national defense can be
dedaed by myself or perhaps by any
I Democrat
"Whlle II may not bs possible for me
Ia my present position to speak instantly
upon uns current situation IL cannot be
improper 10 repeat my deliberately ex-
pressed opinion four years ago In respect
TO the ve4y dangers which are now upon
us. aad to state again what was my opinion
OF the disease aud its remedy.
IL saldi before the Chamber OF Com
merce In Boston on January 81, 1892 long
before came to England, some things,
not one word Of which / withdraw at
present and which seems TO me entirely
applicable at this moment Perhaps
these words fell then upon deaf ears but
they are az true to-day az they were then,
as events have made but too plain.
~ xprcaeed my views Of the currency
| question lately at the dinner TO the Hon
orable Artillery Company last week and
at the Fourth Of July dinner the week
before. then spoke uureservedly az TO
the absolute necessity Of the gold
standard OF vRlus and OF tho confusion
and ruin that would necessarily follow
It's loss. Oa the other hand a system OF
punder by taxation has created a
national distress for which reputation
aud ruin are supposed 90 be remedies
"Olght not 10 say that the American
people should be allowed TO vote for men
opposed TO both aud all Of these dreadful
evils1'
"Do you meau by this blltIng Demo
cratic convention r | asked 'Oae part
OF these evils, Mr.. Baysrd, is, / under
stand In your opinion, represented by
/. Mr.. McKinley's candidacy"
II Forsaw the Result.
o 'As to Doth classes OF evil, replied
Mr. Bayard. II fully expressed myself
I on the occasion mentioned. | referred
! | then TO the approaching storm which
prudent foresight should have warned us
8 TO consider and provide against. Th'
gathering discomfort among the agrlcult
a ufal population all over the United
K States WAS then evident enough Z,
thoughtful observers not less than wa
the dangerous character OF soms OF th'
o remedies which then and nov are pro
,r posed for their relief
Q ''rhe abandonment and overthrow o
our present standard OF value and a sub
stltution OF the free coinage OF silver a
eu arbitrary executive ratio, to be set u
by our government without the COO per-
- alton OF other mercantile nations. who'll
u In disregard to the Intrinsic value of th
~ metal can only be followed by disasters
financial. social and political; by serl
y GUS and Paraly zluR effect upon buslnes
y y In all lts departments, and upon industr
- In all It's avenues.
~ 1T would strike grlevous blov
40 against our national honor aud prosperit
- the effects Of which II is impossible to el
u Innate. ana would indefinitely postpon
q that nv macy In the financial and mercaI
tile world which otherwise We nigh
~ hopefully anticipate In the not dstsn
future.
y "But the evils which have led TO th
w unwise demand on q large part Of OF
= population are not less to be discussed.
~ believe that the operations OF the la
~ proposed by Mr.. Mckinley aud enforce
- by the law bearing his name. regulatln
our commerce with foreign nations in
n posiAg taxes upon imports aud adminil
~ tering the collection OF such take
brought about such obstructions AT
n congestion In exchange and In the operi
or tion OF natural laws of demand al
supply, and produced such a conditio
OF Affairs that the exchange ability OF tl
a. products OF our soil Was grievously im
!. paired, aud that steady current ran +
"a many years 0galnst the agrioultur
- interests and those whose capital ~
"a labor were involved In the ownership 81
h~ cultivation Of land
~ In other words, those engaged in SUE
~ production we're. year by year. und
H. operation Of law. necessarily denuded
~ lily adjusted and excessive taxation
- their normal and constitutional right
'.s until the prices they received barely co
- cred the actual cost of production al
- the purchasing power OF their produc
did not suffice 60 procure for them Al
their families that reasonable aud col
=. Portable Likelihood TO which every indr
- trious American citizsn should be G
az titled.
49, Desp-seated Discomfort.
Ter "The condition at the time / spoke "
eptomlzsd by the declaration tnat {
lid South must make less cotton or
ies hungry that the West must grow le
~. corn and wheat or 60 unclRd.
mp "Meesures proposed for relief u
4 doubtedly are In many caees radical, II
Ter practicable. illusory and dangerous, bl
,r the fact remained that they original
6 a In widespread and deep seated disco
Sc tent and that the lamentations are 4
i'm idle nor without cause
Dek From your declaration, then,
the Bsyard." interposed the corresponder
'irom which you say you would not n
is withdraw q word, Infer you could l
no counsel any Democrat who mas oppos
lty a high tariff to voie for Mr.. Mckinley
lid IL should be wanting in the cane
He demanded In the present grave orisi
on replied Mr. Bayaro, should l within
to my sincere belief that unequsl a
unjust taxation. steadily Increasing