Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1877-09-06

gold itself. and yet couid Only get 10 cents
premium on that gold, while the bond.
which is the promise to pay gold twenty
years from now. with per cent. interest,
il worth more than gold itselt-it Is worth
l20 cents on the dollar.
THE DIFFERENT RESULT or CERTAINTY.
WHY? Because the government has res
olutely said we will pay that gold. IL has
kept that promise. aud you know that the
government will pay its bonded debt in
gold. aud so this promise is worth more
than the gold itself loud spplause.)
Whenever the people OF this land, with
out regard to party, will treat that green
back. which Is the money OF the people, as
fairly as they treat the bond, the green
back will be worth the gold. (Applause.)
LABOR AND CAPITAL NOT ANTAGoNIsTIc.
Now. frankly, with what judgment l
Judge others. | am willing TO be judged.
am here to fight the Imitation heresy. be-
cause believe that II Is undermining the
credit ol you government and mine; be-
cause kslieve that it Is paralyzing our in
dustry; because I believe that it prevebts
our fortunes from being Improved; 1t pre-
vents capital from seeking investment. and
II is TO day cursing the laboriug msu by
raising a barrier that does not exist be-
tween the capitalist on the one hand aud
the lsoorer on the other. (Appiause.)
There is aud there should be no just autag-
onism between capital aud labor. What Is
captalg Il Is the surplus earnings OF labor.
II y man earns one dollor and spends nine
ty-fve cents. and keeps Ave cents. TO that
extent he belongs 10 the capitalist class.
Capital IL nothing but the money that has
been saved out OF labor In the years that
are gone. Now what is the effort 10 array
class against class.
How To GIT MORE MONEY.
| am glad to see In this audience to night
many men who evidently are working men.
[ ask you. do you want more money! Ev-
cry one OF you says yes. III were to talk
TO an audience In New York consisting OF
Horace Il. Clafin. Alexander 7. Stewart,
Cornelius Vanderbilt, William II. Wander
bllt and William b. Astor. and say 20 them
do you want more money!" every moth
er's son OF them would say yes TO that.
| I.aughter.) Now The question Is how TO
get more moncy. That IL the practical
question nov aud i. can be answered In 4
few words.
III can make something that yon want,
make il. sell Il, and you buy Il, and then
| have got more money. Or. II can do
| something better than you, and you hire
me aud paw me wages. do the work, you
! pay the wages, a-d have got more money.
! or. II my credit Is good. go 10 you anil
| borrow you take my note, and then get
the money, and then | have got more, only
some day have got 10 pay II, you know.
| UAughterl Or, II have been unforu-
/ nate and I am In want. and the good Lord
/ has put generous heart 10 you, and | ask
! YOU 10 give me. and you do so then have
| more money. can sell. 4 can work. ! can
! borrow, can beg. l. there any other
way voice "steAl"-great laughter.
/ Nv friend In the audience say steal IL.
| did not want him 10 say that very loud. for
some infationist might hesr him and think
! he was hitting of the democratic platform
IN one sentence. Applause, and q voice,
| "Giye him another cheer on that.
! WHAT GOULD VIZ DO WITH MORE GREEN
/ Now. my friends, let US drift right back
( TO the practical question. how are We to
! get more money! Supposing that our dem
ocratic friends get into power; supposing
! that IL was constitutional to print green
/ backs 10 time OF peace, which 1t Is not F.; sup
/ pose they could get a law passed mex,
| winter 10 print them, which they cannot,
but supposing that they have done 1t, and
they have printed the greenbacks. and
! they pile them up here on this table enough
Ia pay OF the bonds, and there they lie,
bright aud green and gorgeous la their
| green and their gilt, how are you aud
| going to get them! You are going 10 pay
! the bonds OF with them. What. \ oo are
going to pay all these greenbacks TO those
blosied bondholders! (Laughter) Now
| ask yourselves. how Is the Government go-
Ing to get rid OF these greenbacks amer 1t
has printed them. rhe Government Income
is now twelve millions OF dollars a year
more than We spend. Government does not
need 10 spend them. My democratic friends
do YOU advise reck less ,extravagante expendi'
tures In order 10 pay them outf
Well, II you are not going 10 be extrava-
CANT IN expenditures, and your income i,
now more than you spend. how Is the Gov
ernment going 10 pay them out! Is it go-
Ing to give them away! You want this
volume OF currency. as | read in the demo-
cratic platform. made equal TO the deman nd
oil the volume Of trade. There are iorty
millions of people in this country. II next
Saturday night every man, woman and
child should receive $40. there would be
5000 900, 900. and your greenback deb.
| would be doubled.
Who would be better? The debtors
would have paid so much, the creditors
| would have received so much, and the
| deadlock would have come again. Do you
all propose TO stop working. and nave the
greenbacks circulated through the pos,
offices OF the State and the country. so that
every Saturday night, the man who has
not worked could go and get greenbacks
| according TO the wants and demands OF
trade: Why, that would make you ma
ton OF beggars. What you want is 4
chance to work tor them, not the chance
TO beg. Then how viii the government
paw them out:
| Shall the Government stop taxing! 1t
might do that for year. and pay out $500.
600, 900 OF them. Ii might do II the second
year, and pay OUT $500 900, 900 more. But
take off your tariff law and you would close
| every iion-mill and foundry 10 this land,
from one end Of 1t to the other (Applause.
That 10 not where it would help. Besides,
| after you have gone without taxing for q
couple OF year,, some day you would have
To resume. How much better of yoo
would be! Your greenbsck debt would
be three times as large. That don't mat
| ter,
VIII you take the bonds Of the National
banks and pay them OH In greenbacksf
| You can't do ii II you want to. / will tell
you why. There are 45O millions Of these
bonds lodged with the Government at
Washington. Banking Is entirely free. II
q man wants 10 go into the business he
buys the bonds, puts them up ct Washing
ton, gets the bills and puts them into cir.
culstion. When he wants to withdraw. he
simply returns the bills and takes out his
bonds. Don't you sec that whenever the
democrats get SO near winning An election
or SO near winning several elections, 50
that the banks get scared, they will call In
their bills, they will take out their bonds,
they will sell their bonds, they will poe ket
the premium. You will have wiped OFT,
destroyed, contracted your national circa-
lstiOn by lust the amount you have de-
prived the National banks il. Ii you dem
scrats have got tongues, don't you think
the stupid bank men have got earss You
can not rush in special classes Of the bond
ed debt, for the moment you specify that
| ci ass; that class will sell the bonds they
have got.
You can only do one thing. You can
| only pay on the entire bonded debt b.
| greenbacks. Now let US see how near the
end we are, then. The bond Is the prom.
4 saa tnta