The age-herald., 1899-12-09
DISCUSSING THE
 FINANCIAL BILL The Republicans Are Afraid to Commit
 Themselves. SHORT OF CAMPAIGN FUNDS Passage of the Measure May Mean
 Bryan'S Election. VIEWS OF SENATOR JNO. T. MORGAN He Says 1t is Intended to Fix Perma- nently an Enormous Public
 Debt on the People of
 United States
VIEWS OF SENATOR JN0. T. MORGAN

There is some talk here that the repub- licans do not want to pass their currency reform bill fearing that it would injure the chances of the nominee next year. This Is suggested in view of the extreme measure prepared by the senate committee. It goes farther than that of the house and Is more offensive politically than the bill proposed by the lower branch.
 As long as the money question remains unsettled tine republican party knows that 1t can depend upon the money interest of the country to come to its support during a presidential campaign With the money issue eliminated as this bill would eliminate It. there Is great fear in the republican breast that MT. Bryan would be elected in 1900.
 Should this measure be enacted into law a president would be powerless to meet the obligations of the government in any other coin than that of gold. The senate is hope lessly republican for eight or ten years, possibly longer, and with the fear removed that the standards of value might be changed according to the will of the presi- dent, the money interests of the country would not be so free in its subscription to the campaign fund as when the money power was in danger.
 The gold democrats in the senate say that they nave not been taken into the confi- dence of the republican leaders this proposition and are inclined to doubt the sincerity of the men in charge of this bill until they prove their sincerity by putting it to vote. The republicans of course de- ny sharge of insincerity and claim that they will reform the currency along the lines indicated.
 Senator Morgan's Views
 Discussing the new financial biE Senator Morgan said:
 "One should study we'll the proposed financial bill of the republicans in the sem ate before attempting to dissect 1t. While I have not had long to look over it, am convinced that it is calculated to do more harm to this country than any measure which has been proposed in half a century. It Is deep, and intended to be so, I fear. l have looked into it as one might reflect the sun into well with mirror, and I have discovered some rough stones at the bottom.
 'I regard this measure as a pivotal point in the history of our people. My opinion now Is that it is intended to fix permanent ly an enormous public debt, like that of England on the people of the United States-a debt never to be paid-the inter- est on it to be met by the labor of the peo- pie. There will be two classes here, just as there are two classes there.
 "It will be an establishment of the feudal system on the American people, save that where they had landlords and tenements we would have bondholders and tax payers. It is the same old jackass clothed in the lions skin.
 "Whether it passes or not, the republican party is committed to it and to the penma- r.nn nf hn m 1n1at fc fo tror to all democratic doctrine. There has never been democratic president who has not favored reducing the debt and paying as we go. If the people fully realized what was intended by this bill they would rise up and sweep the republican party from power.
 President Mckinley Doing Harm
 "I look upon President Mckinley as the man who is doing more harm to the Amer lean people than any one who has preceded him since the republican party came into existence. He is doing this harm by adding responsibility to the republican party.
 Strike down Mckinley and who is there left in the party whom the people or any number of them in this country would look with trust or any degree of conf- dence. I do not know that we are any bet ter off in our party, for there Is but one figure in the public eye. Fortunately that figure stands for the people rather than against them. Never before has there been such a condition of affairs in this country, when before a nomination, and in fact three years before one, there has been no second choice among the people in either party. The people have no second choice. It Is marvellous condition of affafrs.
 'I have heard 1t said that the republicans are not in earnest about this bill. I know nothing about the politics in the situation. I must accept their measures for what they appear on the face. But, as said. whether they pass 1t or not they are committed to it, and thereby to the permanency of the public debt"