The evening times., 1900-06-12
WORKING FOR DEMOCRACY
Tons Of Speeches Being Sent Broad
cast to the People.
A Vast Amount of Literature on FL
nance Supplied to NOters-Ar.
nor Concerning Prosperity and
Depression n Campaign Fnvorite.

Tons of speeches are being sent out by
the Democratic Congressional Committee.
One of the most popular Of these is that
which was delivered by Representative
Shafroth in the House on Tuesday, De-
cember u. while the Currency bill was un-
der consideration. Mr.. Shafroth was called |
upon by Mr.. Grosvenor to answer three |
questions: First, why there was prosperity |
during the Harrison Administration; sec |
ond, why there was depression during the
Cleveland Administration, and third, why
there is prosperity during the Mckinley
Administration? Mr.. Shafroth replied
that supply and demand OF basic money
during these Administrations varied In
such a way as to produce good and bad
times.
II was during the Harrison Administra-
tion. Mr. Shafroth said, that Congress
passed the Sherman act, which PROVIDED
for the purchase by the Government or
1900 900 ounces Of silver each Z; NTH, and
Ia the following December Mr.. Harrlson
aid of the operation OF that law:
The increased circulation secured by
the act has exerted and will continue TO
exert a most beneficial influence Upon bust
ness and upon general values The en-
largement OF our currency by the Silver
bill undoubtedly gave an upward tendency
10 trade and had a marked effect on prices,
but this natural and desired effect of the
silver legislation was by many enormously
attributed to the new tariff act"
II was during the Cleveland Administra-
.ion that there was destruction Of basic
money. Among the first acts OF that Ad-
minstration, said Mr.. ShafrOth. were the
rspeal Of the purchase clause Of the Sher
ha cd nri n M
Treasury notes issued for the payment OF
the silver bullion under that law. It was
during the early part Of the Cleveland Ad-
ministration that the mints Of India were
closed against the coinage OF silver. II
was then that Austria attempted TO resume
specie payments in gold, and thereby made
great demands upon the worlds gold sup
ply.
Mr.. Shafroth accounted for the wider
national activities during the present Ad-
ministration because more basic money
has been added to the currency OF our
country and Of the world. He cited the
increased production of gold and the con-
scquent increased coinage through the
FREE coinage laws for that metal The
production of gold in 1855 was $2S7- 42S,-
6O0-nearly double the production OF 1893
Among the campaign literature which is
being sent out, or soon TO 90 out, Is
Sauerbeck's table Of values. This is de-
signed as an Offset to the exaggerated
claims which the Republicans make con-
cerning prosperity. August Sauerbeck, Of
London, in 1876. undertook TO tabulate
and average the market quotations Of
fOrty-hve of the principal commodities
used by man. He selected those which
would be freest from the cheapening ef-
fects Of inventions. They are the bread
stufs. meats. metals and fbres. aad rep
resent 50 per cent of the worlds COM
Z
by other hands up to date, and they show
a steady decline from Ill points in 1875
- 81 points in 1896. Between 1896 and 1899
there Is shown a recovery from 81 points
to SIS points. The tables show that the
prices Of so per cent OF the commodities
OF the world have been increasing slight
ly over 2 per cent annually
Another popular campaign speech is that
OF Mr.. Rhea OF Kentucky on the Currency
bill, in which he charges the Republican
party with bad faith in the matter of its
pledges concerning International bimetal-
lism. He said IN part
1T was agreed by both parties in 1896
thai the single gold standard vas not de-
sirable for and not beneficial to the peOp,C
OF the United States. The Republican
party and platform OF that year declared
1t burtful and vicious. but not so bad as Il
warrant US in discarding it alone and
pledged the party to use all effort to Sc
cure International agreement for its over
throw, while the Democratic party be-
IieYed and declared it so utterly viciou!
and hurttul as 70 justify US in indepeno-
ent action. The promise there made wa!
accepted by the rank and file of the Re
publican party. These men, as some crid
cal and perhaps observant folks have de
claTed. aided by an exceedingly libera
distribution Of all forms of currency sue
ceeded In securing a prima facie maioriC
IN favor NJ ne ReDubIicau ticket in 70
vember, 1895.
1'was the promise to do your level bes
to bring about and secure 'internationa
agreement made in good faith? What in
telligent effort has the Republican part
made to keep this pledge made the people
commission, II is true, was appointed an
sent abroad TO confer With the pTincipa
countries OF Europe. pretendedly In the in
tsrest Of bimetallism. 1T this countr
anS the world soon saw the hypocrisy {
tie whole business. While this commits
sion was tunketing about the capitals c
the Old World TO ascertain the will an
pleasure of the banking house Of Ny Lor
Rotbschilds, the Secretary Of the Treasur
of the United States had outlined a cur
rency plan and sent it, with his report
to the Congress, declaring the object an
purpose OF this Government was TO per
manently establish the single gold stand
ard in the United States and the Presi
dent, Mr.. Mckinley. declared he full
agreed with and endorsed the plan Of th
Secretary. And now the Republican party
as II to furnish the ineontestible proof
Its entire good faith. comes with this bill
the most drastic. radical measure ever pre-
posed, and supports il without the loss of
man In this House"
A speech which it is said is producin
Democratic results in Kansas is that d.
livered by Mr.. Ridgely on December
while the Currency bill was under COZ
sieeratiCn. He said in part:
This bill is here under orders from Il