Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-10-24

for dinner and let them swell up for supper
1 once heard of a young fellow who had beer
keeping company with young lady for Ions
time, when she gently limited to him the pro
prlety OF getting married. She could live O,
bread and water with him, she said. All right
scratch round and get the water. (Roars o
laughter.) Love might live on that diet Will.
the honeymoon lasted, but it was diet which
was likely to drown love itself.
! tell you it won't work. The American PEG
pie are not a peasantry. They have beer
drilled and accustomed to arms and are the
most courageous people on Gods earth, anc
they viii not be trampled on and driven bach
to serfdom.
What is the remedy for this depression and
bad order of society? Good times. What
makes good times? a rising market for the
produce of the land, and the work of the hand
What will make this market? 4 falling mar.
ket of money. Dear money makes dear mar.
ket, and plenty of money brings with it a cor
responding prosperity. The effect of the gold
discoveries in South America was felt in the
old world, in the days of Cortez and Pizarro.
The discovery of boundless treasures
in California brought great pros
perity to this country. Property
rose. and all over the breadth and length of the
land there was more money. The speaker then
pointed to the issue of greenbacks, and said
the same natural result followed, more money
and increased prosperity. The theory of the
Green hackers was to give the country a stan
dard and good currency north its face in GolQ.
The absurd idea that every town was to have
Its printing shop to exude out any amount
wanted, was ridiculed as the foolish outburst
OF maddened opponent to plenty of good
money. The Greenbackers proposed money as
IN an oil DIV
By it and with it. good times would come.
Fears Of the commune would disappear, and
threats Of civil war would be as the mercst
breath.
TWO NOTES.
The speaker then took two notes from the
table and said, 1 have here two bills, represcn.
tatives of the currency of the country, the
the same in size, in color, made of the same
paper printed in the same place in Washing.
ton, born from the same womb. They are
Esau and Jacob. The national bank note is
the Jacob who wants Esau to sell his birth
right for, as Mrs. Darlington says, mess of
potash. Naughter.)
Of the note, said the speaker, there are $40, :
cOOO00. They are a part of the national debt
il destroyed, they are replaced by bonds
IT lost, the people lose them. Nobody
ever made a cent out Of the greenbacks; there
ID uO stCdi VI DSGWeen Lnem and
the government They are backed by 100000
people, and the wealth and resources of on1
nation. They are the pledge of the nation
they need no bonds to secure them. The
speaker then recalled to the remembrances OF
the old soldiers how the gold and silver
as it does in all emergencies, gave out, and for
nine long months they waited for their pay,
greenbacks. (Applause.) 1t saved the life OF
the nation then. (Applause.) Yes, like Moses,
when he struck the rock and the outpouring of
waters followed, so when Salmon P. Chase
struck this financial rock prosperity poured out
upon the land and made it bloom and
blossom like the rose. (Cheers.) Such
prosperity as was unparalleled in the history Of
this or any other country.
Taking up the national bill, the speaker
said, behind it, around and about it are l 800
national banks with their army of presidents
cashiers tel1ers and-debtors. They were q
powerful organisation supported and sustained
by millions Of capital. How powerful, be
dent Hayes: The President took ur
a greenback note at Madison, Iowa, :
81 note, and holding it aloft, said, this
piece of paper cost one half cent to make it
print it, etc. Its intrinsic value is therefore
only one-half cent, yet it is marked 81. Why
not make it 300 or 81 ,OG9, it would be just al
we'll. Now, if somebody in that crowd had
IL
worth only one-fourth of cent and
therefore its value is that OF only quarter OF
a cent, somebody in that crowd would surely
have cried out, "Sit down you fool, and right
ly 500 too Naughter.) But they couldn't
say that to the President. daughter,
The fallacy and sophistry Of all such speeches
about the greenback was exposed, when it was
auction of greenbacks at the Presidents valua-
ton would be greedily grabbed at. would
takea part myself, sufficient, at least, to pay
off the debts about which the Dispatch is
troubled. Iaughter.) Taking up the Ma.
tional bill-this bill has wealth behind it,
steal of $13,0o0,O0o Why didn't the President
mock it, and not the United States
delivered in the throes of dissolution almost
(Applause and cheers.) There's no steal about
it, between the people and the government.
steal is always respectable, if big enough
Naughter.) If a person steals a little, he il
ment; if 100000 it was termed defalca
ton. Laughter.) And if s1.000,0 00, the af
fair is spoken of as a speculation. Nong con
tinued laughtcr.) And there is speculation il
the national bank currency. Thirteen millions
of speculation. (Applause.)
A LITTLE STORY.
The speaker then further illustrated
his argument by relating Mark Twain.
story of Maginnis, the school teacher. Magin
mis- asked for q raise of salary and was hootet
at. He robbed bonk Of $500,nO and com
promised for one-half. The speaker related th,
haughtiness and scorn of the treatment keaped
upon the school teacher, and the suayity ant
JUNCTION with which he was met and treated
when he could compromise in his little specu
lation. mark Twain never wrote the story
better than it was told.) This, said the speaker
gives vivid picture Of the difference between
honest poverty and wealthy rascality. Tht
national bank bill had wealth to sustain it
it was highly respectable.
RESUMPTION.
He then alluded to the resumption act, ane
asked his hearers if they knew the full impor
of the act, what it contemplated doing, ant
what it had done. It was scheme, said he, t.
burn up every greenback in the country. Th
speaker deied any Republican to DENY it, AMI
he had at hand the act itself to produce ant
read it to their utter confusion. Already, salt
he, $22, 100000 of grcenbacks have been de
stroyed by this act. What are these greenback
replaced by? By nationsl notes; 1926, GOO, 90
$22,00O,00 of greenbacks. Yet thes
! national notes are redeemed in greenbacks
This poor, miserable rsg-baby, money. If th
greenback is the shadow Of a shade, valued a
one half cent, what in Gods name is til
national note worth? Uaughter.) It must b
diluted beyond the resemblance of color.
HOMEOPATHIC SOUP.
1t reminds me of homeopathic soup. Homee
pathic soup is thus described: Take skeleto
of chicken, which died Of starvation, hang j
up in the sunlight. let the shadow fall upon
pot of water, and boil for two hour!
| Naughter.) Then give the patien
a teaspconful every four hours. daughter
And be sure you don't let it go to the patient
head. daughter and cheers.) Yet for thes
national notes the people pay cut Sl3, 100000
annually, besides the interest charged you o
the same money loaned over the counters c
the national banks, The consequence is tia
bank stock is worth $780, when ell other il
dustrles are suffering paralysis ~and collaps,