| Show THE SHERMAN LAW LAV the courier journal copies from a republican paper the following tho the currency plank iti a the chicago platform platform begins by denouncing the legislation known iia as ilia he sherman act of 0 it ako as a cowardly makeshift what does docs that mom and then comments comment 3 upon it as follows simply that when the republican passed that act they did it to run with the gold hare and follow with the silver bounds houn dr it was a Inake shift to keep tho the western silver 11 nien me 1 in the 1 and to avoid the unpleasant ri essay 0 of placing president anil and candidate cand leato harrison on record with reference referd nce to tree free coinage coln Aee it it was wag a makeshift and compromise comi promise lust jut as all other legislation on silver by tho the republicans has been the courier journal should lie be honest it if it cannot help being foolish A great failure had bad paralyzed lIn fingland gland so mighty was the calamity that the heads of the english government feared not only general panic and bankruptcy but according to sir Co Gosch cn then chancellor of the r exchequer x feared that in the general upheaval the capital of the commercial world would grai gra irate away from london in that extremity the first thought hought was wag to ralsa raise money to do this securities hid had to be unloaded by wholesale american being better than any other ot them were dumped upon the ill market aeiress 0 of course that made great distress dis and precipitated a panic upon this country the country was in a tearful st state ate and the banks generally feared that their depositors would take alarm and make runs which would have hare smashed tho the great majority of 0 them congress was appealed to and then the fact act WAS made clear that the only source of supply ot of new money must be silver the proposition was to restore silver of course the sliver silver men all advocated it I 1 lut mr sherman sir bayard and others ot of their kind wanted the ilia matter brought around by purchases of sliver silver until silver should gravitate back to its old place beside ot of gold in ili this they were backed by the greatest finan alers of tire east easl tho the bill provided for the iho purchase ot of lit all the silver our mines were nvere then and ilia iho most ardent silver men in and out of congress believed inasmuch as the bill provided for full recognition so soon a sliver silver should reach its old place that the bill if ac it became a law would result in a perfect partly parity of the metals and tile the full restoration ot of silver to its old place within three months from tile the aligning of the bill under that belief three weeks silver advanced from 37 07 cents per ounce to 91 in ill two weeks more it would have been at a with gold but the new york banks by a desperate struggle obtained a few million ounces from europe and mexico and blocked the marlet market just as a it a few people in case 0 of fire often block tho the doors of oc a theater and fill the interior with panic and death and broke the price still there was nas a market tor for the ounces monthly up to the time mr cleveland and 3 mr I 1 r carlisle deliberately libera tely nullified the law until mr cleveland was able to bulldoze congress into repealing tho the law the above Is exact history and should not be overlooked by democratic editors no matter how great may be their anxiety to make a showing for their poor old party by abusing their opponents |
