The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-10-04

the Democrats will win In the coming
election.
r. Mr.. Smith is great admircr Of Grover
| Cleveland and he incidentally remarked
that he knew Mr.. Cleveland was respor-.
sible for the maintenance OF the gold
t standard; that all this talk Of the Repub-
Z icnns being responsible for the money
standard was worse than preposterous
proposition. 1t was President Cleveland
| TO whom was duo the honor or mann
ainng the gold standard.
Mr.. Smith believes that the ga feness and
.:aneness of the Democratic party will
draw to 1t large portion Of the great
| independent vote Of the country. Be-!
sides, he firmly believes THAI the able
letter. of Mr. Carl Schurz, tho we'll known
New York statesman, published to-day,
will add great strength 20 the ticket.
Smith says that Mr.. Schurz is one of
the ablest of the independent thinkers
| o, tho country, and what he says Al
ways has great weight.
Hoke Smiths Speech.
Mr. Smith. in his speech, sad:
! The Dcmocra tic party, during the first
sixty years Of the last century, was
almost continuously In power Its re-
| cord was not one of opposition. but OF
/ construction.
{ . i
gold standard whe, it was first IN
] ;separdy. Under Democratic rule our ter
,iterv spread from ocean to ocean. Our
I manufactures grew. Our commerce pros
pered. But our system Of taxation id
not foster great monopolles, or take
1 money from the masses to enrich tn"
/ few Our tariff taxation was for revc-
| nue. with only incidental protection. We
adhered 10 constitutional government. we
/ conducted no wars OF CONQUEST. we re-
| carded International law. The MASTER
| full and patriotic service Of President
| Cleveland makes the only Republican ads
ministraton for the past forty years.
|. @ we may we'll compare the record Of the
4 Democratic part under Mr. Cleveland
with the record ofithe Republican party
i under Mr.. Harrison. MI: Cleveland left
/ the treasury in 1889 with Il surplus on
hand OF $3.50. Ssi .916. He had paid on the
public debt $ss4,34s,4 400. When he return
i, ed to office In March, 1855 lie found the
surplus squandered, and appropriations
already made for the ensuing year eS-
ceed.ng tho revenue provided to The
i amount OF 800, 5000
Excessive Expenditure.
The Republicans had already prepared
the plans for q bond issue, which their
/ administration had deemed necessary.
| Roosevelt's administration has exceeded
4 the expenditures Of the last Cleveland ad-
! mlnistration to the amount Of 1858. 0OO. 1tt.
Touring Mr.. ELarrisonS administration
the Sherman purchasing act was passed.
/ Under this act four ana one-hlif million
ounces Of silver bullion were. ultima te'N
rlaced in the national treasury 10 80
into circulation either In the shape Of
silver dollars or silver certificates. Be
fore its passage men Of financial judy
a ment had realized that even the silver
4 dollars provided by the Bllnd-Alllson act
! were jcopardizing the gold standard. Tho
initiation OF our currency with depre-
. ciuted silver dollars came from a Rcpub-
( llcan administration. This disorganized
the finances of the country and pre-
clpitated tho panic Of 1893.
The Cleveland administration repealed
I the Sherman purchasing nct, ano put dh
end to the coinage OF deprecated silver
dollars. Thorough study Of the coul'-
tly's history need brns no fear 70 Den'-
ocrats.
Tho speech Of Mr.. Roosevelt accepting;
tile nomination for President was con-
servativc, 1t might almost have come
from Judge Parker. The letter OF nc
ceptanco was moro like the rough rider.
!, In The first instance, he followed his pol,
10y OF speak easy III the second in.
! stance he was carrying tho "blg stick, =
! Republican Impudcnce.
: III his letter Of acceptance. Mr.. Roose-
: welt sets the pace for Republican nlpu-
, tencc In tho shape Of self-pralse and
I. self-asacrtion, claiming everything fol
himself ana party, charging anything
against his opponents which his fancy
: suggests
! He attacks the Democratic att;tuut
with reference to the gold standard. I4e
:. charges that the course OF our party
= as to tho gold standard has heen one
? OF cxpedlency. and he refers 10 the 81
4 icncc OF our platform on this subject
He was forgetfu in this Of his owr
). declarations In 1896 when, speaking o.
e tho Republican platform about TO IL
r adopted, he declared:
II "Refusnl to be for free silver near,
! that the party Is resoutely against, AM
tho party must rest content with thi
" state Of affairs, and spare the rninorlt,
Il humiliation by rcfraln!ng from denount
- ing In 50 many words the free coinage o
u silver
y lie ignored tho fact that only fcv
y years ago the leaders Of both parties
with a few exceptions, favored the fire.
- coinage Of silver,
~ Speaker Cannon WAS one OF the mos
extreme free silver ii,en, Mir. Mckinley
!. ns late as 1890. was an ardent advocate O
y, tbs free ana unlimited coinage OF silver
4 'rhe Republican platform OF 1892 tIe
"a lnandea the use Of both gold ana silvL
" Us standard moneys The Old pla,lorr
q. OF lSo0, framed ut tho instance OF MI
%. Mckinley. did tic same thing,
Il The maintenance Of thc solo staudar
NJ should no, he BiNan as q credit 40 tn
70, Republicans. II belongs 10 the admins
in ttUtlon of Grover Cleveland
ey lutterly repuiia'c the clarsa that th
Ia Democrats and tbs Republicans SIAN
no upom tho same platform.
~, ~ Inability.
iii President Roosevelt, inb his lpWep OF ~
on ccp,ancc, ppts thc country nn notice tina