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The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, July 23, 1896, Image 6

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? THE KEYNOTE
Of the Campaign in West Virginia
Sounded by ScnntorElklnH.
HIS SPEECH AT PARKERSBURG
In Assuming Tclnporury Clmlr^
munslilpol the Convention.
PROTECTION AND SOUND MONEY
A .Mnite rly PriicnlnUoit of the iMnea 111*
vhlvrd In the (Jreat MlrwRglr Now OolnR
on In this Country ? The Democratic
Platform unit the Contrlbntlng Caitttt
to the Heed Time* for the I?ait Ten
Yean ? All Unanswerable Argument
Against the Free and Unlimited Coinage
of Silver?A limine** l.lltr Pirn for the
Maintenance of hound Honey and the
Preservation of the Honor and Integ
rity of llie Untied Slate*.
Following Is an abstract of the speech
delivered by Senator 8tephen B. Hlklns,
at Parkersburg yesterny, In assuming
the temporary chairmanship of the Ro
publican state convention. Senator El
klns raid:
The present Is the most Important
presidential campaign since 1860. The
Country Is approaching a<crisis. If the
step taken at Chicago Is auccessful It
will require only one moro In the same
direction to bring the country Into a
"slate of revolution, The Issues rained
are serious and momentous; they not
only. Involve the question of right finan
cial and economic policies, but the na
tional credit, the national honor and the
good name and uafety of the great re
public. ,
The Republican party at St. Louis de
clared In Its platform for a protective
tariff, reciprocity, protection to Ameri
can Industries, American homes, Ameri
can farms,- American shipping, and
American . wage-earners; revenue suffi
cient to pay the current expanses of the
government and reduce the public debt;
for sound money equal to gold and good
the world over and the maintenance of
the public credit and the national honor.
The new Democratic party In Its plat
form adherer to war on protection and
reciprocity, and favors restriction upon
the freedom of contracts. It declares
.for the free and unlimited.coinage of
silver at 16 to 1, the debasement of the
currency, for paper money, clags legis
lation. an income tax.larger control of
railroads by the government, against
the life tenure of federal judges, attacks
the supreme and federal courts-for their
decisions, opposes the protection of pub
lic property and United States malls by
federal authority under the decision of
the federal courts, declares for repudia
tion and against maintaining the pub
He credit. The spirit of repudiation and
revoluton pervades the platform, as It
guided the deliberations of the conven
tion.
The minority report of the convention,
in referring to the platform adopted,
says: "The free coinage of silver would
place this country at once upon a silver
basis, impair contracts, disturb busi
ness. diminish the purchasing power of
the wages of labor, and inflict Irrepara
ble evils upon our nation's commerce
and industry." This is what 357 dele
gates had to say In the convention about
the financial plank of the platform.
The convention, by a vote of 626 to 303,
voted down the following: "We Insist
that all our paper and silver currency
shall be kept absolutely on a parity with
gold." They also voted down this: "We
demand that the national credit shall b"
resolutely maintained at all times and
under all circumstances." Also -this:
"But It should be carefully provided by
law that, at the same time, any change
In the monetary system should not apply
to existing contracts." ??
The Democratic platform demands
larger control of railroads by the gov
ernment. This means In the end control
and management of the railroads of the
country by the government, and of
course telegraph lines would follow. This
would Increase the officers and employes
of the government about one million, an
army In Itself. This Increase, together
with the other employes of the govern
ment in the various departments and the
army and navy, would enable ho ambi
tious. grasping and absorbing a party as
the new Democracy at Chicago to per
petuate Itself in power.
Many Democratic lenders and journals
all over the country denounce the plat
. form ?8 favoring repudiation, revolu
tionary and anarchistic in its tendencies,
and advocate opposition to it and the
candidates in the Interest of good gov
ernment, the preservation of the nation
al credit and the national honor.
DUfoIntion of the Democratic Party.
It Is a matter of deep regret to every
patriot that the Democratic party took
the position It did at Chicago.
It 1$ not.encouraRlng In a republic to
see a great party abandon Its principles,
give up its traditions, and form an alli
ance with the dangerous elements of
society.
The action of the Chicago convention
marks the beginning of the decay and
dismemberment of the old and once
powerful Democratic party. In days
long gone by It made a great record In
the history of the republic. For a long
time It stood for liberty, sound money,
the right3 of persons and property; it
added to the t^frltory of the republic
and to the honor and luster of the Hair
?ut the party of Jefferson and Jackson
has becomet the party of Altgeld and
Tillman. They were the dominating
spirits at Chicago, and they ann their
associates shaped the policy of the con
vention.
-Above the storm of the new revolution
the voices of Altgeld and Tillman are
heard, while those of the old-tlm- con
servative leaders, such as Gorman,
Cleveland, Whitney, II111, Palmer, Vilas
Carlisle and others are hushed und as
client as tho grave.
New lines are formed in our politics
new and ugly forces fnce the great Re
publican party; but It will move for
ward to meet these new forces and new
dnngers to tho welfare of the people and
the safety of the republic, and In the end
triumph.
The Republican party has made a rec
ord that entitles It to the confidence of
the people. It has shown that It can be
trusted In times of great emergencies,
and Is greatest when tho life nnd liber
ties of the nation are In peril, it tri
umphed In the war of the union. It will
boldly and with confidence meot this In
cipient revolution of n new nnd st ranee
Democracy and save the people, society
and the countryfrom their enemies.
nro> respon
sibility placed where,it belongs, and Ms
4Wl aH made* Mr* Cleveland
and his party are In part responsible for
the- outcome at. Chicago. The Demo
cratic party sowed the wind In the cam
Paut*V8. ?A ant' an(* reaped the
whirlwind In 1R06; they sowed tli* dra
per* s teeth In 1892 that helped rnlso un
the army of revolutionists at Chica
go. Mr. Cleveland by his expressions
and utterances helped create, a mon
ster he.could not kill, but which In turn
devoured him and took from him tho
control of his party. At Chicago It pass
ed him by, nnd not only treated his
words with contempt, but eondiflnned
and crucified him on a cross of sliver
and put about his brow a crown of
bond*.
In the campaign of 1802 thoughtful
people-Wore jhocked anil pnlnud that
Mr. Cleveland .should appeal to pasalon
jnd try to aruse prejudices that ntould
have forever slumbered, In order to net
votes for his party. Here are some of
his words used In tbv campaign of 18HR
KJ '?2; j"? m *?? *rSw,? 7,?
*rd the poor poorer." "The gulf be
twcen employer* and employe* Is con
BtanUy widening, nnd classes are rap
Idly forming."
"The rapacity of greed nnd avarice,"
"tho grasping and heedless exactwni.of
employers," "oppressed' poverty and
loll, exasperated by Injustice and dis
content." "The scheme* perpetrated
for the purpose of exacting tribute from
the poor for the benefit of the rich."
"Hcenea that modi the hopes of toll."
Thpse nnd other pcirase* wore used In
Mr. Cleveland's speeches and letters at
a time when the country was never so
prosperous nnd never had been. These
phrases and sentiments sound like
Tillman. He could not have sakl more
nor worse things, and to soium extent
CJevelandlsm Is the father of Tlllman
Ism.
While stating these facts which have
become a pnrt of the history of the
country, I do so with the same regret
that filled me when I heard and read .
then#. I must say, however, that Mr.
Cleveland deserves some credit, and
should have It abundnntly nnd un
stintedly. After becoming President ho
did all in his power to educate the peo
ple and stop the free silver movemeat.
He disappointed and angered the an
archists nnd the disorderly by using
the Federal troops to prevent their de
stroying Chicago. I think the country
owes him a debt of.gratltude for these
nnd other bravo and good things ho
has done. ^
The money question, or free silver, Is
subordinate to the greater or under
lying question of the tariff", because
upon a protectfvajarlff largely depends
our business Interests; whether without
it the country can be prosperous;
whether we will have work for our peo
ple to do at home, at good wages, or
Bend It abroad to be done; whether we
will build up our home markets and
Rive employment to our own people, or
help foreign markets and give employ
ment to foreign wage-earners.
Trade existed before money. Money
does not make trade and ? business, it
only facilitates both; nor docs It make
a country rich, especially money that
does not have intrinsic vtfTue and not In
demand by the people of the world.
Paper money does not add to.the wealth
of a nation beyond the point where it
can be redeemed in good money, nor
does silver money, apart from its in
trinsic value, beyond the point where it
can also be redeemed.
It would 'seem. th-?n, that the most
Important thing lo be done Is to first
adopt an Industrial policy which will
?promote trade, commerce, business,
progress, prosperity, building railroads
and running our factories, mills and
mines day and night, giving employ
ment to our people at fair wages, and
then discuss the kind of mohey we
should have.
ItrmHi Unrfrr n Protective TnrlfT.
A^e can only accurately Judge of the
merits of' any revenue policy or sys
tem after trying It and knowing its
results. ,
The mnterial progress of the United
States under a protective tariff, from
1SG0 to 1802. was the greatest, most rap
id and the most marvelous of all his
tory. During this period occurred the
Civil War to save the Union, the great
est war of all time. . The debt Incurred
to carry on the war reached the enor
mous sum of three thousand million of
dollars, nearly two thousand million of !
which have been paid In twenty-live j
years; and all this under a protective j
tariff, not only without hardship to the
people, but while they enjoyed unex
ampled prosperity. Under a protective
tariff we have become the richest nation
In the world, leading all others In agri
culture, mining and manufacturing.
From 1860 to 1390 the Increase In na
tional wealth was 287 per cent.
In 1860 we had thirty thousand miles
of railroad, and in' 1890 one hundred
and sixty-seven thousand miles, an in
crease of nearly four- hundred and tlfty
per cent. From 1880 to 1S90 the capi
tal Invested in manufacturing increas
ed ubout two and one-half times the
number of employes, and wage-earners
increased nearly one million. The wages
earned in 1880 were about 600,000,000;
in 1S90 they were one billion,
two hundred and twenty million. In 1880
the value of the product of the country
was two billion, seven hundred and
eleven million. In lS90.it was four bill
ions, eight hundred and sixty million. In
1880 the wage-earners received three
hundred nnd eighty-six dollars per
capita; in 1890 five hundred and forty
seven dollars ner capita.
During the fiscal year ending June,
1$!)2, our foreign trade, including ex
ports and imports of merchandise,
reached the sum of $1,857,000.000. show
ing an increase In one year of $128,000,
000. The value of our exports in 1892 was
the greatest in the history of the gov
ernment. exceeding one billion dollars.
During the able administration of Pres
ident Harrison the public debt was re
duced $236,000,000. Up toithe presidential
election of 1892 prosperity reigned
throughout the country; there was em
ployment for everybody willing to
work; prices were good; the people
were happy and contented; business
better than ever known In the history
of the country. ?
I know it is claimed that if the Repub
licans had been successful in the election
of 1S92 that the revenues would have
been Insufficient to pay the current ex
penses of the government; that th'e fall
ing off would have been the same under
a Republican President as under Mr. '
Cleveland.
The Republican party denies that the j
revenues would have been insufficient
had the Republicans been successful, j
The falling'off In the revenue was due
largely to the fact that the moment the
people realized that a. free trade PresI- 1
dent had been elected on a platform de
claring for free raw material, end that
protection was unconstitutional and a
robbery, then distrust, unrest and doubt
seized upon the country; business men
wepc uncertain as to the future; they
could have no plans because they did
not know what would be done In Con
gress or what would follow in a change
in the tariff. The result was that all
business declined, and naturally the
revenues also.
If, however, there had been a de
crease In the revenue under the McKln
ley bill with a Republican Congress and
administration In power, the matter
would have been promptly remedied,
but not by selling bonds and increasing
the Interest-bearing debt of the gov
ernment.
It will bo remembered that the gold re
serve never went below 100,000.000 under
President Harrison's administration.
Itrmlli Uiiilrr a Drmnrrntlc Tnrtir Imw.
The Democratic tariff law, passed In
1894, has failed to produce sufficient rev
enue to pay the current expenses of the
government. This mistake or failure
has brought In its train a number of
disasters to the country; It has obliged
the government to borrow money In time
of pence and Increase It.i interest-bear
ing debt more than $260,000,000, tho In
tercut on which by the time It Is paid will
be $240,000,000. The aggregate of tho
principal nnd Interest of thin d*bt will
roach nearly $."00,000,000, which the peo
ple must pay by being taxed, showing
thereby In the end that Instead of reduc
ing taxation the Democratic tariff will
Increase taxation. If the revenue had
been sufficient to pny expenses under
the Democratic tariff, then the govern
ment would not have been obliged to
borrow $260,000,000. nor the people taxed
to pay $240,000,000 In Interest on thlj
amount. This Is a useless burden; $240,
000.000 taken from the people and thrown
?away by Democratic mismanagement.
At the date of its passage the Democrat
ic tariff bill was called a "bill of nale,"
"packed with favors to monopolies and
trusts." The Democratic President de
clared It was tinged with "porlldy and
dishonor." After living tinder It for
nearly three years the .people cordially
agree In these opinions.
It largely Increased the Imports of
farm products aueh as hay, barley,
beans, potatoes ond eggs, for which our
people pay gold to foreign farmers, ond
all of which under a protective tariff
could have been raised by our own far
mers, thereby employing our own poo-1
pie and saving money to the country.
In addition to this, It has reduced t|je I
value of the farmors' lands and the val
ue of everything he owns or produces, It
has lessened the exports of cattle, wool, I
Ph!*r, hogs, horses, flour, lard, butter
and checso, and reduced the value of all
ofthesej)roduct* in our homo markets.
Wool.
Tho highest value of the sliefcp flock in
the United State# was In 1892. The low
est known In our history since the war
was In 1806. In 1893 tho average value
of a sheep vtnn $2 ftf In January 1890 It
was $1 70. In 1893 we had 47.000.0W of
sheep, worth $125,000,000. In 1896 we had
nnly 38,298,000 worth only about W5,Qp0,
000, a decline In the number of nearly
twenty per cent and In the value of
nearly fifty per cent.
In 1895 wo Imported 26,000,000 lbs of
wool from China, paying freight o.ooo
mile* across tho Pacific ocean. What
did tho Democratic party havo against
the American farmer, and why did It
prefer the Chinese and Australian far
mer* In tho matter of wool Interests?
The Imports of wool from England to
the United States In 1895 was nearly
three times as much aa In 1834. and the
Imports of woolen goods nearly five
times as much, and tho Imports of shod
dy, a fraudulent, cheap, woolen manu
facture Increased 1.700 per cent. In 1895
we Imported $G0,000,000 of woolen goods
manufactured abroad, as against about
$10,000,000 In 1804. From 1892 to 1895 our
exports of agricultural products fell oft
$250,000,000 In value.
During the first year of the Wilson bill
the Imports of wool Increased 122,000,000
lbs.
From 1892 to 1895 our foreign trade de
clined more than three hundred millions,
and our exports at breadstuffs fell off
$114,000,000.
KflVrt on Onr Pnlillo ?rc?llt.
In 1892 England had a deficit In the
treasury and tho United States n surplus
of $124,000,000. In 1895 England has a
surplus and the United States nearly
$148,500,000 deficit. This has affected not I
only our credit but lessened the value of
our securities held at home and abroad |
amounting to thousands of millions.
In tho campaign of 1892 Cleveland and I
the Democratic party Insisted that If
successful the Democratic party would
lessen the burden of taxation resting I
upon the massoH. Instead of doing this,
ho\vever, the Wilson bill, did not mater
ially reduce the duties on Imported arti
cles used by the masses, but on the con
trary It reduced the duties upon luxuries J
used and consumed by the rich, such as
goods manufactured of wool, Max and
cotton, glass and china, wines liquors,
tobacco and cigars, laces, kid-gloves,
Jewelry, artificial flowers, clocks, per
fumeries ? and musical instruments.
Every one of theso articles, when Im
ported,. Is a luxury used by the rich ex
clusively, those who are able, and should
pay the taxes to support the govern
ment. ' Some will say that of the articles
named woolen goods should be, made
cheaper by. lowering.the taxes. Every
one knows that only the rich buy Im
ported foreign woolen goods, except
shoddy, which no one should use.'
Under the Wilson bill we Imported
$50,000,000 moro In 1895 from England
than we imported in 1894; and sold Eng
land $12,000,000 less of our food pro
ducts. No wonder that Bradford, Shef
field. and other manufacturing towns of
England became prosperous after the
passage of the Wilson bill, and speak
In undisguised terms of Its being a
great measure in tho Interest of English
prosperity.
In January, 1895,' 227 of our manufac
turing establishments failed, the lia
bilities amounting to $3,308,000. In
January, 189G. there were 318 failures, I
aggregating $8,580,000 liabilities. And
every day brings the sad intelligence
of more failures, more factories and |
mills closing.
Hnnlli to Iron anil Conl Indnatryl
Last year the imports of foreign ores I
Increased 355,000 tons over those of
1894; we paid last year for foreign-made
pig Iron nearly $1,000,000 more than we
paid in 1894. We imported from Cana
da 500.00C tons of coal last year, which
went to the markets of New England,
displacing that much coal from our own
mines.
In 1895 we imported 23,308,000 pounds I
of bar iron; in 1896 41,346,000 pounds,
and we Imported Ingots, blooms and
billets, 21,000,000 pounds, and in 189G
56,000.000 pounds. This shows how we
are. losing our iron trade under the op
eration of the Wilson bill.
Since the last election of Mr. Cleve
land seventy-four railroads have gone I
into the hands of receivers, the bonds
and stock on the same amounting to
$1,781,000,000.
It is estimated that our Imports of
cheap goods manufactured in Europe in
1S95 would have given one-half a mill
ion of American wage-earners employ
ment for a year, equal to $150,000,000
In- wages. The Wilson bill took this em
ployment from American wage-earners
and paid this vast sum to the wage-|
earners of other countries.'
Added to all the other results of
Democratic tariff, or tariff vfor revenue I
only, one of the wickedest evils It has
inflicted on the country is that because
of insufficient revenue and business de
pression and hard times it brought on.
it laid the foundation in part for the
present silver agitalon. If times had
been as good under Cleveland after 1S92
as they were under Harrison before, we
would not have had business depress
ion and hard times and there would
have been little or no silver agitation.
The agitation of the silver question had
its birth in the business troubles and |
hard times that the country is now ex
periencing.
I know some free trade advocates are
making much of an increase In our ex
ports of manufactured goods; but this
is largely due to the fact that many of
'our establishments, in order to run, are
selling their products at cost, waiting
for good times. As soon as times and
our home markets revive; then, pro
ducts will be sold at home for living
prices and not go abroad at starvation f
prices.
ltcvnllH of a Drmocrntlc Tnrlff to Writ |
Vli'ulnln.
But of all people in the United States |
the people of West Virginia have the
greatest reason to be dissatisfied with I
the harmful effects of a Democratic tar- |
Iff.
I The platform of the Democratic party
In 1802 declared In favor of free raw
material. No deadlier blow could have
I been dealt the Interests of West Vir
ginia. The Wilson bill, nlthaugh Mr.
Wilson Is a West Virgininn. placed all
I the raw materials of "\ycst Virginia on
the free list. lie struclc them down at
j one fell blow. - ? I
1 West Virginia depends .upon.Its lum
ber, wool, coal, iron ore. salt and the
manufacture of Iron and pottery. In
tho Wilson bill, as first reported, coal,
lumber, iron ore, wool and salt were
! placed on the free list, and the duties
'on pottery nnd the manufactures of I
iron were reduced. By the hardest cf-.
fort bituminous coal retained a dui;y of
forty cents per ton, but lumber, wool,
salt and Iron ore could not be saved.
1 These products were made free.
In 1892 the.groat wealth of West Vir
ginia was 'jiist beginning to be known
to capital and the outside world, and
she was on the high road to the great
prosperity, to which her unbounded
wealth entitled her. Iler people were
shipping, at profitable prices, coal, Iron
ore, lumber, salt and wool; they were
manufacturing Iron, glass and pottery;
they were prosperous and there was
employment for her wage-earners at
fair prices. Coal lands and timber
lands had gone up In most of the moun
tain counties from $5 in some instances
to $100 per acre, and many people who
had held lands for a life time were
beginning to find a market for the Hamo |
and realize and enjoy the benefits re
sulting from tho sale of tho same.
Under the Wilson bill the price of our
wool decreased,nearly one-half, and we |
are shipping about one-halfithe quan
tity: we have lost one dollar a thou
sand on every thousand feet of lumber
wo havo sold; we have lost about five I
hundred thousand tons of our bitum
inous coal trade In New England. Coal
was, made frgo In the original Wilson
bJU, In tHf face of the fact that if own
ers of. West Vlrgina coal mines should,
ship oBul to Canada they would have to
pay hlxty-sevcn and one-half cents
duty on overy ton. The Democratic !
party <lkl not a?k Canada to take off its
duty on coal, but .'.simply gave our .mar*.
far on It could, to Canadian
poal mine owners.
Democratic Tariff.
The result to "Went Virginia In three
years of Democratic tftrllt has been a
tremondous loss.
Loss on wool and inMp about.. I 800,000
Loss by ?alo of lumber by re
ducing the prlc? to pieot Can
udlan lumber.., .? 1,000,000
Induction In price of coal caused
by cheap coal from Canada,
which IpnnenM the price of our
ftoal. Since the tannage of tho
Wilson bill the price of coal in
Went Vlrglna ban docllnod from
10 to in ccnts per ton, the pro-,
ductlon for three years has been
about thirty million* of tone. . ,
.mmrfiifil * ^1*000.000,1
j 260,000 |
Total $5,000,000 |
A direct loss of more than Ave mill
Ions of dollars to our peoplo on these |
articles, not to speak of losses In prices
of Iron ore, pig Iron and manufactures
of pottery. Hut tho greatest loss 1>as
been In the employment of our people
and the wages they'would have earned.
In West Virginia, and Indeed In tho
(whole south, the day of emancipation
Is at hand. The people are unchained
from the passions and prejudices grc>w-'
lug out of the war, which for a quarter |
of a century obscured all ecotiomlo is
sues and prevented them from seeing
their true Interests. 8ectlonal lines are
now obliterated, and I hope favorer.
The people of the south can no longer
he deceived by fear of-negro domination
and force bills. The material interests
of tho south, Its future development,
and progress, depend largely upon pro
tection. f
As political lines are now formed and |
under the Issues raised by the Demo
cratic platform at Chicago, the Repub
lican party feels that It can consistent
ly, and It does earnestly and cordially
Invite the old-time Democrats of tho
south and of West Virginia, and es
pecially the young Democrats who have
to make their political choice for the
future, to come with us and help us.
We feel that no tie of tho dead past
should bind them longer to fight the
battles of the new Democracy under a |
flag uphold by Altgeld, Tillman, repu
dlatorH and Anarchists, and In behalf I
of principles and policies not only at
war with the safety of free government |
and society and the preservation of law
and order, but opposed to tho welfare,
progress and prosperity of our beloved |
Mountain State.
The sale of ?'bonds under Mr. Cleve
land's administration Is one of the most I
disappointing chapters In the history
of the country, one that every patriot |
wishes could be blotted out.
Increasing the public debt In time of I
peace was bad enough, but this was not
the worst feature of the bond sales.
President Cleveland sold $63,315,400 4
per cent thirty year bonds, without |
advertisement,without public notice,un
der a private contract to a syndicate of I
bankers, In the presence of only a few
parties, the secretary of the treasury, a
former Jaw partner, Mr. Cleveland and
the agent of the syndicate, at $104%
when the same bonds were selling
freely In the market at $116 and 5117.
This action cf the President and the
Democratic party has provoked harsher
criticism, caused more disappointment,
more humiliation to Americans and
more scandal, than any other trans
action in the history of the govern- |
ment.
The sale of bonds under private con
tract cost the government six or seven I
million dollars, a larger sum than the
cost of floating the great war loans,
amounting to more than $2,500,000,000
during and following the war, when the
government was In great dtetress and
Its credit In peril, and our national
wealth was not equal to one-fourth of |
what it Is now. The total cost of float
ing the war loann under Republican |
rule was about 55,500,000.
For twenty-five years and until the |
election of President Cleveland and
Democratic Congress the public debt
was constantly reduced and the public
credit of the United States under wise I
legislation and able financial manage
ment was the highest in the world.
The fourth bond? sale for 5100,000,000
was In February, "1896. Some Demo
cratic journals and Democratic leaders
advocated that this sale should be
made under private contract, on the
ground that It was the only way to
preserve the gold reserve and sustain
the credit of the country, and because
there was not gold enough In the coun
try to permit the people to subscribe
for the loan?the same arguments that
were brought forth to sustain the pri- |
rate sale. The details of this sale, ac
cording to the papers, were all arranged |
and It was confidently believed by ev
ery one that the government would
again be placed In the humiliating posi
tion of selling Its bonds under private
contract at $104',^, when on December
31, 1895, I had the honor of introduc
ing In the senate a resolution declar
ing It to be the sense of the senate that
no more bonds of the United States I
should be sold under private contract, |
but only after due notice and advertise
ment asking for bids. According to the I
papers everything pointed to the sale
of $100,000,000 bondS'belng made In a few
days after the resolution was Introduc- |
ed. The resolution was opposed vigor
ously by Senator Hill, of New York, as I
tho champion of the administration. In
the debate Senator JIIll declared that
the resolution was unwise, senseless
and would hamper and embarrass the
executive; that the people did not have
the gold to subscribe for the bonds.
Yet the senate voted by forty-eight to
six to takeXJt up. This Vote was signifi
cant and clearly showed the judgment |
of the senate. Or. the following Monday
the President and the secretary of tho I
treasury offered the bonds at public
sale, giving thirty days' notice. The
sale took place in the early part of Feb
ruary, the price realized averaged
5110Vi' The bonds were subscribed for |
six times over, by 4,640 bidders, show
ing that there was no necessity for a |
private sale and the people not only
had confidence In tho government, but
that there was $600,000,000 of gold In the |
country, ready to be loaned by tho peo
ple to the government, this, too, when |
there were rumors of war with Eng
land. It Is believed that but for this
timely resolution, brought forward by a
Republican senator, and the vote on it
In the sonatfj, the President would have
again made a private, contract to sell
the 5100,000,000 of bonds, out of which
the bankers would have made at least |
510,000,000.
K?u Dcinocratlc l'nrly Dtmnmli Free and |
Unlimited Colnn?:e of Silver.
The Trojans wore advised to "fear the I
Greeks even when offering gifts." Sad
experience teaches us that we should
fear the Democrats when they offer the |
country free trade or free silver, espec
ially with repudiation, communism and
anarchy thrown In. For twenty years, |
and especially during the last ten years,
Democrats have declared free trade, In
a modified form, was the one, thing need
YOUNG
Wo Offer You a Remedy Which Insures
SAFETY to LIFE of Doth
"Mother and Child. ?
"MOTHERS' FRIEND"
HODS CONFINEMENT OF ITS PAIN,
lionuon AND PANOEII,
Makes CHILD-BIRTH Easy.
EtuIorKnd and recommendnd by phyal
clant. iul?Iwlvo? and those whohavo UHcd
It. Mewaro of ?ubi?tltntc? and Imitations.
mallod life, coutnlDlnR voluntary t?stlmonl?H.
MAD FIELD REGULATOR CO., Atlanta, Ga.
GOLD BY ALL DHUOUIOTS.
edi that It would help the country, In
crease business, employment and wage*.
This would have gone on from campaign
to campaign, but for tho fact that after
long persuasion tho peoplo trusted the
promise# of the Democratic party, ana
have, had a period of tariff for revenue
only. The results arc* manifest on all
Hides. If we had not tried Democratic
tarlfT, the Democrats would still be per
suading the people that It waa tho only
true policy for the good of the country.
Seeing that defeat this year was Inevita
ble on the tariff question, the Democrat
ic party found new Isiueu: free silver,
communism, wnr on the supremo court
and the national honor and the national
?credit. *
The Republicans warned the people
agnlnst tariff for revenue only, ami they
now warn them against free silver,
communism and anarchy. Don t trust
this new Democratic party, whatever
offerings It may bring. A trial of free
sliver would bo Ju?t as disappointing as
our experience with free trade. Getting
1 something for nothing has nevor uuc
It ceeded In the history of the world.
Free silver would benefit the owners
of silver mines and tho owners of silver
In Europe. Dut the freo and unlimited
I coinage of sliver, at the ratio of 1# to 1,
especially when united with repudiation
j and anarchy, will not open mills and
factories, stimulate railroad building,
encourage trade and commerce, nnd em
ployment for the people at good wages,
nnd make values stable. Ju#t the oppo
site of all these will surely follow.
Foiilbl* Vie of Sllrtr m Mon?^,
I have been a producer of silver for
sixteen years; naturally I am Its friend
and favor its largest possible use ns
irioney, consistent with sound and stable
currency. My interests would Incline
me to favor the free coinage of silver If I
could see that It waa practicable or pos
sible or rested upon any sound principle.
The people now agitating the silver
question and demanding Its freo and un
limited coinage at 16 to 1, when silver Is
only worth 31 to 1, are its worst enemies,
apart from the injury it would work to
the country. ? . ' ,
I did not favor the purchasing clause
of the Sherman act, because 1 felt as a
friend of silver and a citizen It would In
crease the production of silver and
thereby lesson Its value In the markets
and destroy confidence In it as money.
This was the result.
There are many silver people who are
honestly deceived and believe freo silver
would be beneficial to the country, yet'
they are willing to consider the question
fairly In the light of facts. They want
information. With all such people Re
publicans are willing to reason and dis
cuss the subject.
What Does (he Free and Unlimited Coin
age of Silver Mean 1
It means that owners of silver bullion
in the United States, In Mexico and In
Europe, now worth only 52 cents on the
dollar or ounce, may take the same to
the mints of the United States where
silver and gold are coined and have the
United States, at Its own expense and
free of expense'to them, coin and stamp
each dollar or ounce and make It a legal
tender and equal In value to a gold dol
lar, thereby Increasing its value from 52
cents to 100 cents, making 48 cerits profit
to the owners on each ounce or dollar.
Under the free and unlimited coinage
of silver at 16 to 1 the number of our
mints would have to be increased and
those built enlarged, throughout the
United States, at a great expense. It Is
estimated there would soon be brought
to them for coinage more than 500,000,000
ounces or dollars of silver, now worth 52
cents on the dollar. The profit on coin
ing this vast sum, admitting that silver
would not further decline, would be
$240,000,000 to the owners of this silver
bullion and no one else. There Is not a
man, woman or child In the state of
West Virginia, or in any of the states
outside of the silver producing states,
who would share In this profit, except
owners of silver bullion. Are the people
willing to see this vast profit made by
silver owners and speculators? Would
it not be legislation of the rankest kind
in favor of the few at the expense of the
many? The free and unlimited coinage
of silver at 16 to 1, when it takes ?A
ounces of silver to purchase 1 In gold,
means that by law we can make that
which Is not equal in value, in the mar
kets of the world equal. An act of Con
gress can no more violate the laws of
trade and commerce than It can the laws
of nature.
Effect of Free ami Unlimited Coinage of
Silver.
The first effect would be to cause the
people to hoard gold because we would
be on a silver basis. Gold would be at
a premium and would not circulate. This
would withdraw from circulation imme
diately $620,000,000 of gold. Such a con
traction of the currency has never taken
place and would be ruinous. It would
bring on fcuch a panic as the country has
never witnessed. Second, we would
have a fluctuating currency, which all
history proves entails great losses upon
the people, especially the wage-earnera.
A circulating medium that varies in
value from day to day, and no one knows;
its value for a month nhead, can work'
nothing but injury to,the people, and all
persons depending upon daily wages.
The nominal rate of wages changes very
little, with the fall In the value of cur
rency. The laboring man works for
about the same wages when money Is
cheap as when It Is good, while he pays
more for everything he buys. The lab
oring man, if we have a fluctuating cur-,
rency, would have to figure what his pay
would be worth from day to day and to
find out and look at the quotations In the
market, or ask merchants and bankers,
who would stand ready to make a dis
count. But under our present system a
dollar does not change and everybody
knows its value from day to day and
year to year, all dollars being made
equal to gold.
The government, during the war, was
obliged to pay for supplies In green
backs at a great discount. Sometimes
they were worth only forty cents on the
dollar, tho government losing sixty
cents, because the government after
ward made every greenback worth a
dollar in gold, making the cost of the
war, according to Hon. John P. Jones,
the great silver leader, fifteen hundred
millions more than It should have been,
on account of a fluctuating currency.
It is estimated that our people owe
four or five thousand millions of dollars
in obligations and bonds, the principal
and interest of which are payable In
gold. This principal and Interest would
have to be paid In gold, while earnings
from business would be paid in depre
ciated sliver. They would have to earn
In fact two dollars where they now earn
one, In order to meet the principal and\
interest of their bonds and obligations.
The result would be that the persons
or corporations Issuing these bonds
would fall and go into bankruptcy, and
the owners, being often widows, or
phans what they could get for them.
Free Coinage.
The people of the United States have
on deposit about five thousand millions
of dollars In banks, trust companies,
building associations and like institu
tions. The life Insurance policies In
force to-day amount to about ten thou
sand million dollars. The free and un
limited Coinage of legal tender silver
money nt the ratio of 16 to 1 would au
thorize tho great corporations owing
these vasts amounts to the people to
pay. the same in dollars worth fifty-two
cents. Here would he a loss of seven
thousand million dollars to the" people.
Yet the new Democracy claim to be tho
friends of tho poorer classes.
Wonltl lie Ilepmllntioii.
To pay off debts contracted on a
sound money basis In a depreciated
currency is repudiation and confisca
tion; to make obligations In . good mo
ney or to borrow good money and then
gel an net of Congress authorizing these
obligations to be paid iti silver worth
only fifty cents on tho dollnr, or In Iron
worth ono cent on the dollar, would be
plain robbery. Such nn act of Injus
tice, wrong nnd outrage, though sanc
tioned by lnav, could not last. .The prin
ciples of eternnl justice cry but against
It. If a hard working, thrifty man
should save up $500 or >1,000 and loan it
, Continued an Seventh Page,
A Wonderful M$licino
Tor Blllona and S?nou? dUoMwt ?noh luWItia and ratnln th?8tnmiwh, Kick Rttdu.
niddlnna.l'ullnnia and thralling after ir.cals, maxima#*,and Drowainraa, com
nmhlnRn nt Uaol, Loan ot ApnoMt*, Btiorlnoa* of 11 Will. OnallTMKW.IllolctiMS'ffi
Skin, Diatarbod Hleop, rrlghilul Dnuuni, nnd All Ntnoiu ami Trtuibllug Hanuiintir
vb.ntbaaa arinptoma ar? cnuwl by cor.atlpatlon, uUMtot Ltiomar*. THt FIRST tinW
A WONDERFUL MEDICINE.
DEEOQAIH'3 PHXS, taken na rtlrrrtetl, will quickly f?Mor? (?m?)ra is
Plata health. Tfi> promiiUjr riraoro obitructlont orlrrttularlttM ot lh? anna JwV
WEAK 8T0MACH, IMPAIRED DIGE8TI0N. DISORDERED LIVER
tb?r act Ilk. raa?lo-afoi?do?ea will work wtradera upon tho Vital orcanai ainwiiZ
law tiin mpacular Bympm, rwtorlug tho long-Imt completion, brlmliiu back thei,,?
?df.of appetite,and arniiaiog with lbs Itnacbud of llonlih tho whole nhnleai
energy ol tbo humanframo. Thtao am taotsadmitted by ihou" jida, in all rianu ?!
?oclety, and ono ot tba boat suaranteoatotheNemoaand Debilitated la ihai Herri
am'e Pllla hate tho Lancttat Halo of uny Patent Mcdlolno In tits WeriJ,
WITHOUT A RIVAL. AunnalSalcx over0,000,000 Be*,.
Mont Drug Btoren, or will tonent bjr U. B. Asent?, D;F. ALLEN CO., 3CI Canal 8u, N??
Tor*. po#t paid, upon rocelpl ot price. Book Iroo upon application.
1 1 ,1% 1 1 1
MARKED DOWN BALE?GEO. R. TAYLOR. *
tCAMBRIC
?frhxs WEEK.
GE0. R. TAYLOE
i"
'S?
-?WJELXtS IS A
' " ? ??'?' y.i \hillQ ? <? .
MARKED DOWN SALE!
OP THE ENTIRE STOCKjOF LADIES'
in AND CAMBRIC GOWNS,
MUSLIN AND CAMBRIC SKIRTS,
MUSLIN AND CAMBRIC DRAWERS,
MUSLIN AND CAMBRIC CHEMISE,
MUSLIN AND CAMBRIC CORSET. COVERS.
Every piece MARKED DOWN in plain figures and
conveniently arranged on countermand tables on tho
lower floor, near the Main street entrance. Our Under
wear is all made of the best materials and especially
for our own sales, and can be recommended. We have
never found any Underwear equal io MRS. KAUFMAN'S
in shape, workmanship or finish. THIS IS THE MAKE
we now offer you at MARKED DOWN PRICES this
morning and during'this week. Come earlv, while the
stock is full and complete, and you will be sure to be
suited., v-,ii
geo. R. taylor.
. - vjw: -- ?
LEATHER BELTS.
At present our stock of Belts 'is better than it has
been at nnv time during the season,
POCKETBOOKS AND DAGS in real Seal are marked
very low.
geo. r;. Taylor.
25 PER CENT OFF
pers continued at the Reduction of,,25 per cent off reg
ular pricc. iil
SHIRT WAISTS!
lifipX
MARKED DOWN TO 35 $N1) 50 CENTS.
GEO. R. TtYLOR
?It lb
?ncii
Practically
? ' "r' ' ? ulc, ' ;
Perfect >
"Ihn
-huo
V.UO&f
c
A
?
t
o
For
,U0C)i
children'S
Complaints.
casliorifl
r
m
i
Mailed forJl.OO^bo^VlJ
$5.00 order* we
cure or refund tSeraon'y^M
w

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