The Somerset herald. [volume] (Somerset, Pa.) 1870-1936, 1878-10-16

have for another year Finally,
when they come and say they have
got to have the money, what would
you think if | were to say TO them
"i never had better time in my life
than when was giving those notes
All that is necessary for universal
happiness and peace is to let me keep
right Oh giving my notes" say to
them the reason of hard times is
because they have lost confidence in
me. They say the reason they have
lost confidence is that | have not got
the money.
Now, it is precisely the same with
az individual as it is with the Gov
ernment. | say here 10 day that
every farmer ought to know that be
can't make something out of nothing.
the United States Government can't
make money. 1t can make what it
calls money. Ii has not the power
to make 1t il has the power to make
you take it, 10 other words il has
the power to make every creditor
take it. and nobody else. If you go
to buy bushel of wheat end ycu
have got fat money, the man can
say, II will take 81 in gold for that
wheat, bat want S. if you pay in
fiat money" How are you going to
prevent him? The money you have
got Is good simply because 1t prom
ises to pay. Now it is proposed to
have money that sc will promise not
to pay. Ii non .ense can go beyond
that, l cannot conceive the route or
path that it will take Then if C0L-
gress says you must take ir, Con-
gress must fix the price Of everything
IL must fix the price of wheat it
m1ss 6x the price Of making speech
ia 0 lawsuit; i: must Fix the price of
every article, or else it csnno. make
its money coed.
But some gentlemen say that Con-
gfess has the power to make money,
aud / WaDt 10 ask them one question;
want you to think about it: If
this Government has the power to
make money, why should it collect
taxes from us? Why don't
they make it and let US alone !?
( If this Government eau make dol
lar or q thousand dollar bill just that
quick, (slapping his hands together,) }
why should they make US labor day
and night, and make us pay taxes to
support them If the Government
can make money, let them make it
and let US aloae But Instead of
that, this great Government comes
up here into this county with the
bayonet and compels you to pay tax
! es. II is like the ocean trotting
around to borrow little salt waite,
or like the sun trying to get the Ian
cf a candle from some poor devil that
has worked weeks to make that can
die SO | say to them, if they can
do ii. let them do it,
Very well, if the Government can
make money, how much can it make?
How will | get my share ? How
much is it going to issue Some say,
Enough to produce prosperity
But how much they can't tell Some
say they are going TO pay up the
bonds and bring money in that way
Into circulation, aud then business
will be prosperous. But | say bus
iness will te prosperous when the
country is prosperous But if you
get too much paper and itgoes down,
who loses it The man who has
earned it and happens to have it in
his possession-thati is the man who
loses il. You need not be afraid but
what the smart people-the people
on Wall-street-Will take care Of
themselves. They require their toll
from every man that goes by their
! way but the tarmer-the laboring
man that has worked, and has been
given some Of that money-he loses
his labor, unless that money is worth
as much as it was the dav he re-
eeiged it. But they say there is not
money enough say there is plen-
ty-plenty i wish | could get it.
We don'G lack money. The banks
have got plenty Of money a certain
portion CT the people have money.
We are lacking collaterals-tbat is
what we are lacking. You can get
all you want on cali in New York at
J and 2 per cent and do you know
why you don't go and get it? Be-
cause you haven't get the collater-
ais aud If We are going to pass a
law on this subject, | would like to
have Congress pass law furnishing
us collatera!s. But it will not do !;
there is no foundation to it. When
that money gets out it has all got TO
be paid.
Call ii "fa." money-caIl it what
you please; the reason that gold
dollar is worth o dollar is because
you can buy the results of the same
amount of labor that it took to dig
that gold dollar and TO mint it, inclu-
ding all the fellows that hunted and
didn't find II IT. you take piece of
paper and say that it represents s.
or Slot only represents it because
there is a promise to pay that money
it is only good when you believe
that the man or Government that
made the promise is good, and you
can't 90 beyond it, Suppose you
could blot from your mind that there
was such thing as gold and silver
what is e dollar, just leaving gold
and silver entirely out2 You have
got fiat" bill that says it is $40
and it is valuable because it never
will be redeemed.
Gold and silver is valuable of it.
self. When l take $40 gold piece
and go to England, have to sell it
the same as J would bushel of corn,
and all that spread-eagle nonsense
doesn't add one solitary farthing Of
its value. And when a sovereign
comes here from England, we don't
care anything about the beautiful
picture of Queen Victoria, or any
other girl. 1t is worth so much and
DO more But they say that it is the
stamp of the Government that makes
it valuable. Why not stamp them
tens, thousands, or millions, and let
US all be millionaires? 1t won't do
We will never get prosperity in that
way Slowly, steadily, and surely
our money has advanced; slowly,