The Providence news. (Providence [R.I.]) 1891-1906, 1896-02-13

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first enlisted his care and energetic action.
He called congress together to stop the
coinage OF silver.
Here was the dread alternative IL the
Sherman law was not repealed:
Unless government bonds ore to be constant
ly issued and sold 10 replenish our exhausted
gold, only 20 DO again exhausted, 10 Is appar-
ent that the operation Of the silver purchase
law now In force leads in the direction of the
entire substitution OF silver for the gold in the
government treasury, and that this must DO
followed Ivy the payment Of all government
obligations In deprecated silver.
II the alternative was that II we did not
repeal the Sherman law we must issue
bonds, there was an implied promise or
prophecy thai II we did repeal 1t we should
not have to issue any bonds.
Tho cry was. "Stop the purchase OF sill
yer, stop d,luting our currency, and conf
denoe will DO restored" Ho had waited
until the 'o5ject lesson" tho panic nan
ufactured to order by his fellow conspira-
tors, had swept like n cyclone over tho
country, prostrating all business enterprise
and industries, and tho newspapers had
howled In chorus in tho cars Of the people
that the coinage OF silver was the cause of
the monetary crisis. III tho meantime &C
tive agents had been nj work arranging
for the control and manipulation of the
Democrats in tho house ahd senate when
congress should assemble. Congress met,
and SO we'll timed had been the date OF Its
~assemblage and SO cogent the arguments
brought to bear that the SO called repre-
sentatives Of the people were swift to obey
orders. The party platform and its pledges
were thrown to the dogs. Democrats
pledged to tho rehabilitation of silver sur.
rendered their manhood and their princi-
pies mt the behest Of the money power and
its representative, the president, and the
purchasing clause OF the Sherman law was
repealed by tho house with indecent haste.
Democrats and Republicans We'd with each
other In the furtherance OF the policy
which had been formulated and steadily
pursued by the senator from Ohio. III he
were here, i would take of my hat to him
IL had 1t on my head, and / do 1t now
typioally, as tAo victor of victors In this
financial struggle Of a quarter of n CEN
tury. He has the proud satisfaction OF
knowing that he has brought the party
which he SO hates to its knees and has liz ID
to see many Of his old antagonists enlist
O0 uhbtA hAo obitA VI fffS6oPNNs - oeNsH
privileges. They sit ut his feet and ao-
knowledge his leadership.
When the senate met, there was on nc
knowledged majority of men open and out
spoken IN their determination TO stand by
the white metal, aud who were elected
on that issue. But the process Of ebauch-
cry began. Vote according to my Will,
or you will have no Offices. "Vote ac-
cording to my will, and II your people do
not like Ii l will take care OF you" The
newspapers raved and abused the enate.
Bankers photographed and wrote. Cham
bers of passed resolutions, and
slowly the senate yielded. In 90 days the
deed was done, and tho chains were riveted
on the wrists Of tho toiling millions. DID
the raid ON the treasury stop? Was conf
dence restored? Did prices riser Die
prosperity rcturn? All those things bad
been promised by this prophet, yet none OF
them came TO pass.
Bamoooziing tho Farmers.
Congress convened In regular session,
and tho FARGO of tariff reform began. Tho
demoralized and dispirited house, unde
the whip and spur OF tho executive, passed
q tariff bill, and hoping to lay a pontoon
bridge by which to pass back to their out
ragged constituents they passed n bill pro
viding for the coinage Of tho soigniorage.
They wanted to bambobzlo the lear farm
ers by saying, "Whilo we repealed the
Sherman law wo coinod $50, 000, 900 of s!l-
ver," but the president would none OF H.
and while no attempted 10 bulldozo The
senate into accepting tho tariff measure
without amendment ! spite ef his SHAT
lated vehemenco and Indignation tho tarin
bill was modified In many particulars. J.
passed finally, and wo hnvo had an expert
once with this measure of tariff reform
Ia Cleveland.
1t Is truo he did not sign IL md Above
IL to become n law without approval. b.
here again wo havo q spectacle OF charla
tanry and n hypocritical assumption of STA
periority to his party which has alway
marked his career. The tariff law whicl
he rcpudiatcd rs unworthy, involyins
''pnrty pcrldy and party dishonor, " is lh
sheet aroho. to which he now olings.
Tho fall In prices OF all farm products
which are our principal articles OK export
has brought disaster and ruin on tho pr,
ducing classes who farm-one-half Of or
entiro population. Tho impoverishmcp
of the farmers has destroyed their abilii
to purchase on tho ono5hnnd, whilo tho q
creased prico Of their products Of export
European markets has left our debts
imports and interest or our Cbligatio,
abroad unpaid; hence tho export OF e.
To meet those obligations. Thj boastt
"homo market for which tho protection
lists clainor can no longer purchase 81
products Of our homo factories except Z
largely decreased quantities. The basis ,
oil wealth, agriculture, being dcprcssr
and paupcri ~ ~ other iurcrcsts rpstll
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