The times., 1899-12-14


man said that by their tariff law having
deprived the Workingman of his labor and
the merchant of his customer. they had
turned around and told him that the diff
ficulty was not with Industrial conditions,
but with the financial policy of the Gov
ernment-that free coinage Of silver was
essential
Mr. Chairman" he went on. "the eX-
perience OF man out in our State illus
trates the difference between theory and
fact He was an educated gentleman
making a voyage from Seattle to San Fran
cisco. He was greatly interested in the
operation of taking the reckoning of the
ship, and being a mathematical student the
captain permitted him one day TO take the
| observation and make the computation. Al
ter he had figured the result he drew line
of latitude and one of longitude, and jab
bing his pencil down at the spot where they
I intersected he said. There she is, Cap
/ and bless your souls he had her located
/ le0 miles out Of the way, over on the
mountains of Idaho. [Laughterl That's
I the trouble with you imOtioning to the
/ Democratsl; your theory left the country
/ upon the shores Of industrial shoals zoo
/ miles from the sea Of prosperity
Mr- CUshman said he would give the
/ Democrats an opportunity to make con-
vert for their side of the case by answer
( ing question. If your answer is honest
I
] promise right row 10 vote against the
pending bill We had free coinage of gold
and silver from 1892 to 1894 II what you
1 say Is true about the effects of this coin
! age what was il that made their purchas-
/ ing powers TO separate" lApplause-l The
4 silence UnbTOken. That's the answer l
always get when I ask that question from
a free coinage Democrat" JLaughter.l
4 Democratic member, Mr.. Cushman
said had admitted % him tho OfhpT lay
that some few commodities had risen in
price since the Republican party came
into power. He was right. Corn rose,
wheat rose, live stock rose. humanity rose,
everything rose except the Democratic par
ty, and you can bet your bottom dollar it
has been going down hill ever since"
lLaughter.l
Referring to the effects of Democratic
legislation. Mr.. Cushman said he had be-
come satisfied that the people of this coun-
try were not nearly 50 much concerned re-
garding the amount of currency in circu-
latiOn per capita as they were in per
pocketa.'
Mr.. Cushman said he had lived in Ne
bTaska for several years. and knew the
man whose name is spoken with such rev.
erence on the other side, William Jennings
Bryan-'know him as well as if l had gone
/ through him with a lantern. l heard him
make one financial speech and survived. 1t
was in that campaign, when one candidate
/ went scuTTying over the country at the
rear of a freight train in a frantic search
for the voter, and the other candidate, like
a statesman, sat quietly at home. To the
! people on one side Of the platform the
speaker said Wen give you free coinage
OF silver because the gold dollar buys too
much. We're going 10 drag it down to the
| level OF the silver dollar and the people
threw up their hats. Then he went over to
the other side OF the platform and said:
We're going to give you free coinage SO as
10 make the silver dollar equal to the gold
dollar. Going to lift up the silver dollar
to its level Of purchasing power and the
people threw up their hats. That was in
the same speech, on the same platform, TO
the same audience. That's the trouble with
you fellows; you're so crooked one Of you
can't go around the block without meeting
yourself on the other side" Laughter and
applause.J
Mr.. Cushman was warmly congratulated
p by his political associates.
Mr.. SuIzer Takes the Floor.
Representative Sulzer Of New York was
the next speaker. He opposed the meas
! IRE. He said that he was absolutely op-
posed to the single gold standard and be-
J lieved in the double standard; that he
stood squarely on the Chicago platform
and believed in the free and unlimited
coinage Of both gold and silver, in accord
ance with the Constitution, and the time
honOred policy of the Republic.
He said that he had the highest respect
for the opinions OF his colleagues who
. differed with him. in regard to the fnan'
: / cial question, and conceded to them the
/ same right he demanded for himself Ht
believed that they were as honest in theil
/ opinions as he was in his. He said h
stood on the financial question where al
the leaders Of both parties, from Thoma!
Jefferson and Alexander Hamilton hat
/. / always stood down to the present day
( for gold and silver as the ultimate moneI
I Of redemption. He said that he was
! sound-money Democrat; that he believed
+. in hard money, in gold and silver; tha
he was in favor Of keeping the contrac
made between the Government and tht
b0ndholders inviolate; that this bill wa
an unjust. unfair, and vicious one; tha
. it destroyed the terms Of the contract be
= tween the bondhOlders and the people
struck out the word coin" and wrote il
. its place gold" in the interest of tn
! creditor, and 10 the injury and disadvan
: tage OF the debtor: that this was dis
honest, and was robbing the many 70
the benefit Of the few
= He said that a gold Democrat could con
sisteutly vote against the bill because tn
! bill went a great deal further than ire
= vocably committing the country to the sin
! gle gold standard; that the bill delegate,
10 the Secretary of the Treasury the righ
a to issue bonds ad indnitum and turned tn
4 finances of the Republic over to the na
tional banks. in accordance with the term
= Of the contract made between the nationa
p banks and Mark Hanna, representing tn
3 Republican party in the campaign of 1886
He said that ii this bill became a law,
To- would give the national banks the right [
1 expand or contract the currency at viii
3 that this was a dangerous power an
r should not be lodged in the discretion c
\ any individual, or In the power OF any cor
. poration. He said it was a complete sur
= render by the Republican party 10 TIA
moley power, and a virtual abdication G
4 / Congress Of the rights vested in IL by ia
- Constitution. He said that gold Demo
cTsL ought TO be absolutely opposed to turn
= ing the finances Of the Republic over 10 th
= national banks, and that if they had thi
power it would enable them to control th
D. financial and commercial interests of tn
y country and that they could work nor
- woe, more poverty, and more misery to th
industrial masses than could possibly b
~ conceived Of by the most far seeing OF
l. server. He predicted that if the bill be
% came law under the spur of the part
y caucus and the whip of the party lash
81 would be the means Of defeating the Re
Is publican party in 1909, and electng Villa
10 ]. Bryan President.
Mr. Sulzer said in conclusion. Ever
le honest and earnest Democrat in the couT
Of Try should stand firm against the encroact
8, ments on the rights OF the people of th
.I national banks. II this bill becomes a la
30 will croatia the greatest trust the worl