The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1878-11-01

is possibly falling of, but the difference
Is still largely in favor of the govern
ment- The government is steadily ac-
cumulating money for the payment of
past debts and the discharge of future
More than that. The credit of the
government is rising. Men are buying
bonds that pay only 4 per cent. interest
and we are paying off the bonds that
paid D. The credit of the government
rises, and the rate of interest that the
government pays is falling. There is no
excuse in that direction.
More than that The balance of trade
is to-day largely in favor of this country.
You understand what mean by those
words, balance of trade" The iIlustra-
ton is simple. If you sell more goods
than you buy, the balance of trade is in
your favor, and You are getting rich. If
you earn more money than you spend.
the balance of your Individual trade is in
your favor, and you are getting rich by
the amount You save The nation, in
dealing with all the world, is selling to-
day $250,O00,000 year more than she
buys. And that $3.50, 100000 year is
being paid by the rest of the world to us.
Applause, How shall it be paids
lish looms. Shall England pay for that
cotton in coin, or shall we Generously
print greenbacks to help her do it with
The broad acres of Michigan. the fields
of Ohio, of Missouri, and of the Missis.
sippi valley, have been golden with great
haryests all the summer and all the au-
tumn. We are today feeding the ma
tions of the world. Shall they paw us in
gold and silver, or shall we generously
print them greenbacks to help them do
it? Applause. We have furnished
the world with Yankee grain and wheat,
with Yankee grit and pluck. Shall the
world pay us in coin, or shall we gener-
ously print greenbacks to help the world
pay up their debts?
Deep in the mines of the Rocky Noun
tains' lie gold and silver stores that are
70 be the money of the future. Shall we
utilize the wealth of the world, the wealth
that Is here, the wealth that we dig, or
shall we demonetize both gold and sill
yer, and print greenbacks and help the
world to pay US in paper, when we might
have good coin? It is the strangest
thing. the strangest folly, Gf 1 may use
the word, and l mean no discourtesy to
our opponents; l simply speak it as a
word used in argument) it is the strang-
est madness that men should clamor now
for great issues of irredeemable and
worthless shinplasters; now, when the
world pays tribute to the United States ;
now, when American locomotives are
being sent to Russia; now, when Ameri-
can steam plows and horse rakes are be-
ing manufactured for all the world now,
when American cotton cloth is being
sent to Austria; now, when American
com and wheat are going to the very
fields of the Danube; now, when we are
so rapidly becoming the great producers
and factors of the world; now, simply
and only because we had hard times in
the five years gone, we weakly clamor
and beg for the poor privilege of turning
back and mortgaging our country with a
great and useless paper Indebtedness.
Why should we, only because we have
had five years of hard times, plunge our
people into hard times for THIRTY years
to come? 1t is madness! 1t is not states
manship.
What more can I say to youf 1t is
for labor that the friends of honest money
plead. Bear this in thought. Back to
specie resumption you will come wheth-
er you will or no. Men live on the
earth. They do not live in balloons in
the clouds. And when q man goes up
in balloon, though he try to stay up
forever, there will be time when the
balloon viii burst and the gas will es-
cape and he will come down. He was
born on the earth, he must live on the
earth, and he will be buried in the earth.
And you cannot put gas enough into
this idea of inflated money to keep it up
forever. There will be time when the
gas will go out and the balloon come
down, and you will be at specie resump-
ton.