New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-10-31
SOUND-MONEY ADVOCATES.
LETTERS RECEIVED BY II. II. HANNA
FROM MEN OF BOTH PARTIES.
ALL AGREE IN THE NECESSITY OF ELEcTlNd
ONLY SOUND MONEY MEN TO THE
NEXT HOUSE

NEXT HOUSE
Indianapolis. Oct. 30 (speciaD.-A statement re-
garding the importance OF the election Of n sound
money House this autumn was made public to-day
by II. II. Hanna the chairman Of the Executive
Committee Of the Indianapolis Monetary Confer
Mr.. Hanna said:
regard It as Of the greatest importance 10 the
business prosperity OF the country that the House
of Representative chosen next month should have
a clear majority for sound money. This issue Is
being ohscured In some quarters ana an eort IL Is
Congress. ror could the effect Of a silver victory
he obscured in its influence upon the prosperity OF
the country. II is almost II not quite. as important
it was in 1895 that the friends of sound money
should together TO secure a majority in the
of a revival + business activity which will mean
work for hany hands and Increased wages , IN
in the House might not check this revival abs2-
lutely in respect TO current production. put IT,, IL
the organization Of new enterprises requiring lhit
for their development. The abandonment OF surh
enterprises would react upon all Industries ana IN
teress by diminishing the demand Tor capital az H.
the employment or labor what conslu, , ~,
generally consider important. IS that the maJotuy
OF the next House shall be pieage1 10 fnnrtsnt
question is not so much the exact shade OF opnon
bur whether he Intends TO vote for Speaker who
is friend OF the gold STANDARD or supporter 90
opinion. ought TO be squarey answered by eveIy
candidate for Congress: "Wil You yott uhurI my
circumstances for a candidate for Speaker VINO y
favorable to the free coinage of silver? can,
didate who answers It in the affirmative or VINO
cvades It should not receive a single sound money
vote from either party. no matter what maze NJ
seeks throw over hts personal views upon IN"
mix the importance OF the election OF sound;
,hrmshnr thr countrI and thai the issue will be-
more distinctly drawn during the closing Gays o'
the campaign than 1t has thus far been. am i'm
criving il great many letters referring 10 me I'M
portance OF This issue and The necessity , io' ,
sound-moury victory. The writer's have given me
permission to make their letters public. and nav
chosen the following as repr"sennE the Eirmn ."
,nfl III ur
the country:
Ex-senator Edmunds Of Vermont says:
The safety Of the Nation and he maintsmShoee :"
sound-money House It j. plain from the deGiar r
tons OF the Democratic leaders ma ,iS ,sIn he.
tween the two parties The election OF Demo
cratic House would mean tnr in ,drd such a
calamity would he worse than the war win SPAIN
or the yellow fever epidemic among our ,''oi'.
John CIahin OF the firm Of H. r. Claim ~ co.
Ncw-York city:
General prosperity seemed almost at hand whom
the Maine was blown up mat Ean eVsmi am nr o
ross in many directions. Now that the war Is over
Improvement in business seems almost certain IN,
i@ss INC coming Congressional elections should
shake the confidence of lenders ana investors ",
sending TO Washington Representatives who 90 nor
realze tho close connection between an absolute!
safe and undOubtcd currency ana 10" rates OF m
and Souih wishes low rates OF interest to prevail
and unders ands that low rates of interest mran
Increased margins Of proht to the farmers ne, III
uric4s for land and satisfactory results 10 the
country merchants; but many ran I" appte,,ii",s
the fact that capitalists and moneyed lnSu,u, ,pS
cannot be coerced into lending money when 'hey
have any doubt whatever AS 10 me stanI dt an" IN
inherent soundness or me currency un'S o 70
When banks and capitalists generally desire !"
lend money then TIE rate OF a1 become
alarmed and prefer not TO lend money th'n w
rttss OF f,rrners and merchants are materially
ioesened Every important nation Of the Old World
son has been learned rates Of interest have fallen
The present time offers an opportunity To I'M,
sccumnlation of gold in the Treasury renders IT
practicable now to correct the evils oi our cur
rencv without the slightest danger, an' correc.
ton Of those evils insuring absolute ..ably ~
value combined with hexhility, which would give
,Ionier greater than ever before enjoyed. would
certainly mark such PROCESS i9r our NM
ton OF specie payments In NF'
EX-SENATOR PALMER TO VOTE REPUBLl-
CAN.
Ex-senator John NJ. Palmer. Of Illinois;
The importance Of electinG sound money dele
CATION from Illinois has compelled me to annoH n
10 the public that viii vote for Isaac X M 1
the Republican sound -money c8naioat ne lsn.csie
democratic candidate. and who u elected wi, WI,
favor as he s9ys the "n M syer fo one q" eold
with enforced legal-tender quality a., ,,
regard the election Of House on tho sound
money issue az Of the greatest and most decisive
importance.
John c. Bullnt Of Philadelphia:
I mink that the approaching Congressional cleo
f iTnT ar nanciai legislation In the present state Of
prosperity would be wise to provide S'ane a ,h
aaafe currency system. one which wouId pun me
business OF the country upon SOUND ah' tdu,'nS
basis. There danger tnh Sc C 'ne nav have
70 deal al its next session the enactment OF the re-
0nired currency legislation may be pushed 10 one
id II appears to me that this would be most un-
AT present there does not seem to be any
apI,cnennsS'9an onces in the immediate future But
how soon A change may take place no man can ,
forcte Legislation upon the lines proposed by the
Wnnetarv Commission should be adopted Win as
iittie delay as possible, and In my opinion no enVI
should be spared TO insure the election OF men VINO
viii be favorable to ne Dill as fePGF,sn 70 py carr
out the views Of the Commission.
Iobn K Cowen. Of Baltimore. receiver Of the
baltimore and Ohio Railway Company:
7 40 M, SEQ how any Democrat who believes In
the gold standard and stable currency can p95sdos
vote in this campaign FOR Democratic candidate.
The Democratic party, as National party. Is To-
day hopeessly committed 70 me trec-S'In., am ~
6nonre ever since the close Of the civil War a,
money. they opposed the National hanks. ana asked
nosed resumption OF specie payments they took mp
the heresy Of free silver. ana to-day II Is me ca!
present organization Two conspicHnous men T re
NJ Tilden and Mr.. Cleveland. regained for the
nemocratc party the confidence Of the voters and
Nat Mr. Cleveland had placed the party upon
sound financial basis. Il discarded him ana ms
teachings and the confidence and the vote tnat
went with him. To-day the Congress1iong cam
naicns a-e being run by the Democratic congress
sonaI Committee. which IS free silver from top 10
| bottom.
WHAT CAN GOLD DEMOCRAT Do?
Xow what can a so-called gold Democrat,
o,tcted on the Democratic ticket from Maryland or
eieeUhere do In Congress? In the very nature OF
tbe case he must support the Democratic candidate
me 'Sneaker' that Democratic candidate will. OF
roursa be an out-and free-silver man-l6 10 l.
A Democratic Speaker II elected, VIII nave me p
Continent of the committees. and any one VINO
Knows anything about legislation al WASHINGTON
rcoIizes that ConRressional government Is govern
r,ert nv committees Among the other committees
which Inc Speaker would appoint would be those ~
cbsrge ~ financial questions; those committees
would be organized so as absolutely 10 prevent any
oc,ion Uhotever in aid 81 currency reform *
1880 ~ he conceded that The next Senate VIII
Savn a sound-money Republican majority II tnis
- 60 Ike ma tority In the lower House Nou!i