Rensselaer Republican, Volume 25, Number 49, Rensselaer, Jasper County, 3 August 1893 — SENATOR STEWART'S SAY. [ARTICLE]

SENATOR STEWART'S SAY.

• i _____ The Nands Statesman Grow* Profane Over the Financial Outlook. • • • • The New York World, Wednesday, printed an interview with Senator Stewart, of Nevada, in which he is credited withjsaying: • “I have no doubt tho Sherinan silver law will be repealed. The country is going to hades I had hoped to help in warding off the catasteophe, but ! the Democrats and many Republicans too, , seem to have gone crazy. I cannot an- | swer for the consequences and I am glad I | shall not have to share the responsibility, i I am afraid Mr. Cleveland made a mistake when he attributed the present trouble to unwise legislation. He may have referred to tho mint act of 1873. If so, he was correct. But if he referred to the Sherman act he was mistaken. Its replhl 1 might give temporary relief, by deceiving tho people and making them believe that i the evil had been removed, but the evil 1 lies deeper. It is a deficiency of gold. The /destruction of silver-' repeal of the Sherman act will destroy more than half j of the basis of circulation and credit, and | leave the United States without sufficient gold to sustain confidence, and the probabilities are that the trouble will go on.”