Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1898-11-02
GOOD ADVICE.
What n Prominent Business Man
Says of the Financial Question
and the Duty of Sound
Money DernoCrofS

Money Democrats.
John K. Cowen, president of the Balti-
more & Ohio Railroad company, and a
member of Congress from Maryland in
1894, advises his party to vote the Re
publican ticket this fall. He Y
| never more clearly recognized my
own duty as a sound money Democrat
than [ do IN regard to the congressional
election this autumn. The fact about the
situation is this: The Democratic party,
as a national party, is today hopelessly
committed to the free silver Ga Accent
dollar and retroactive payment of debts
and greenback hereSy. The party has
been rotten on finance ever since the close
of the Civil war. AS a party it favored
the fiat, irredeemable ~greenback heresy
and asked for the unlimited issue of legal
tender paper money; it opposed the ma
tlOnal banks and asked for their abolition;
1t solldly and stupidity opposed resumption
OF specie payment; it took up the heresy
of free silver; and today that is the car
dinal principle of the Democratic party
under the present organization.
Now, what can a so-called gold Dem
ocrat, elected on the Democratic ticket
from Maryland or elsewhere, do in Con-
gresS? In the first place, everyone of
these so-called "gold Democrats within the
party" voted for Bryan and worked to eff
1eCI LIS elSClIOi1. 1Aey lett So SIOuSly
the obligation of party ties that they in
vited the ruin of their country in q finan-
clal panic greater than any that has ever
yet occurred.
A Democratic speaker, if elected, will
have the appointment of the committees,
and anyone, who knows anything about
legislation DIT WASHINGTON realizes that
congressional government is government
by committee. Among the other commit
tees which rhe speaker would appoint
would be those in charge of financial
questions; these committees would be or
gained so as to absolutely prevent any
action whatever in aid of currency re-
form. It seems to be conceded that the
next Senate will have a sound money Re
publican majority. If this be so, a like
majority in the lower House would give
an opportunity for u sound measure of
currency reform.
| happen to be brought into close con-
tact with large financial operations. / do
not hesitate to say that the election of q
Democratic House by the present Demo
cratic organization would have a strong
tendency TO depreciate every American Sc
curity, both on the exchanges of this
country and abroad. The financiers of
Europe would regard such an election as
a step backward, and the timld capitalist
would fear to invest in our securities.
Capital at home would likewise hesitate
to make new investments, and many en-
terprises would be delayed and restricted
while capital was waiting to see what
would be done.
Everything now points to an unusually
prosperous period for some years ahead.
We have unquestionably turned the cor
ner, left hard times behind US, and are on
the upward road. The Democratic party is
committed to the silver hereSy. 1t is in
no condition to be supported or voted for.
/ think it is the duty of every sound
money Democrat to aid in defeating it.