Ellsworth American., 1878-10-24


that year! Then when they came aroune
and wanted me to pay the note, would
say, II will give you little notes for the
interest, and let them run another year. >
What . splendid time l could have fol
another year! Finally, when they come
and say they have got ts have the money
what would you think II | were to say to
them, 81 never had Q better time 10 nv
life than when l was giving those notes
All that Is necessary for universal happi.
ness and peace Ia to let tue keep right on
giving my notes." l say to them the rea.
son Of hard times Is because they have los,
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 an in-
dvidual that 1t Is with the government.
say here to-day that every farmer ought to
know that he can't make something out oil
nothing. The United States government
can't make money. 1t can make what II
calls money. 1t has not the power to make
II; IL has the power to make you take it.
In other words il has the power to make
every creditor take it. and nobody else
II you go TO buy n bushel OF whest and
you have got "hat" money, the man can
say. 'I will take el in gold for that wheat,
but want q II you pay in 'nar money"
How are you going to prevent him? The
money you have got is good simply be-
cause 1t promises to pay. Now 1t is pro-
posed to have money that we will pi omise
not to pay. IL nonsense can go beyond
that, cannot conceive the route or path
that IL will take. Then II Congress says
you must take II, Congress must fix the
price Of wheat; 1t must fix the price ol
making q speech In q lawsuit; 1t must fix
| the price Of every article, or else Ii cannot
make Its money good.
But some gentlemen say that Congress
has the power to make money, and want
to ask them one question; | want you to
think about IL; Ifthis government has the
power to make money. why should 1t col
lect taxes from usl Why don't they make
It and let us aloue? II this governmen,
can make dollar or thousand dollar bill
just that quick, [slapplng his hands togeth-
and night. and make US pay taxes to sup.
port them? II the government can make
money. let them make IL and let Us alone.
But, instead OF that, this great government
| comes up here into this county with the
bayonct and compels you to pay taxes 1t
| Is like the ocean trotting around to borrow
| little salt water, or like the sun trying 10
get the loan of a candle from some poor
devil that has worked weeks to make that
candle. So say TO them, II they can do
1t, let them do IL.
Very well. il the government can make
money. how much can Il make? How will
get my shares 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, and then business will be
prosperous. But | say business will be
prosperous when the country is prosperous
But II you get too much paper and il goes
down. who loses il? The man who has
cared ii and happens to have it in his pos
session-that Is the man who loses It.
You need not be afraid but what the smart
people-the people on Wall street-wi
take care OF themselves. They require
their toll from every man that goes by
their way; but the farmer-the iaborina
man that has worked, aud has been given
some of that money-he loses his labor
unless that money Is worth as much as II
was the day he received IL. But they say
there IS not money enough. | say there
Is plenty; | wish could get 1t. We don't
lack money. The banks have got plenty
OF money; certain portion OF the people
lave money. We are lacking collateral:
that is what we are lacking. You eau
4
Ia aud per cent; and do you know
why you don. go and get it5 Because you
haven't got the collaterals; and il we are
, going to pass q law on this subject,
would like To have Congress pass a law OF
furnishing us collaterals. But IL will no,
do; there Is no foundation to IL. When
that money goes out 1t has all got to be
paid.
Call IL .'hat money-call il what you
please; the reason that q gold dollar is
worth a dollar Is because you can buy the
results OF the same amount OF labor that il
took TO dig that gold dollar and to mint IT,
including all the fellows that hunted and
didn'i lind it. you take piece of paper
and say that 1t represent s5 or SLOT on
ly represents 1t because there is prom
ise to pay that money-it is only good
when you believe that the man or govern.
ment that made the promise is good, and
you can't 20 beyond It. Suppose you
| could blot from your mind that there was
such a thing as gold and silver-whst is a
dollar just leaving gold and silver entirely
out. You have got fiat" bill that says i,
is $40 and it Is valuable because IL never
will be redeemed. Gold and silver is val.
liable OF Itself. When take $40 gold
piece and go to England, have TO sell il
the same as l would bushel of corn. and
all that spread eagle nonsense doesn't add
one solitary farthing to its value. And
when sovereign comes here from England
we don't care anything about the beautiful
picture OF Queen Victoris. or any other
girl. 1t Is worth SO much and no more
But they say it Is the stamp of the govern
ment that makes it valuable. Why not
stamp them tens. thousands, or miilioos,
and let Us all be millionaires! Ii won't do
We will never get prosperity in that way.
| Slowly, steadily. aud surely the world has
had more and more confidence in the in-
dustry, the honesty, and the integrity oil
the American people. and to that extent
our money has advanced until it has final
ly clsspcd hands upon an equality with the
precious metals. We are just inside OF
port. We came in tempest-tossed, every
sail torn aud rent, and every mast by the
side; aud these wreckers stand on the
shore and say if you want prosperity put
out to sea once more. We don't want IL
we want honest methods. No man lives
In q country whose money Is under par
that he does not feel little under par him
self. | never look out bill that was mt
or 5 per cent. discount tiat did not feel
= little that way too This great and
splendid republic, with the most intelli-
gent and the best people In the world
and | say the most hOnest-l want its
promise to be as good Ia every part OF the
world as the promise Of any other nation
l want the greenback to be preserved;
want to have gold and silver behind it;
want il so that II should 90 into the farth.
est isl, OF the Pacific and should take ou
a grernback, a savage wOnld lock at il
and his eyes would glitter as II ne looked
NJ gold. Then you feel like you are some
body; like you had great and splendic
nation, and even that old flag would look
better IL every promise OF the United
States had been redeemed. And ynu nev
er know how much you feel lik. that uuti
you gU to n foreign country. When 1 wa,
there 8 few days ago. just happened to
see that old fiag-it looked to the As If tn,
air had just b!OssOmed out. want to fee
that man Is capable OF governing himself
aud that republican government is tht
very acme and height Of national honor.
A SQUARE GIMLET."-An English me
chanic Is said 70 have really invented .
tool which will bore . square hole. 1t i:
on exhibition at the Paris exposition. TIT
tool il described as being the usual forn
OF a three-sQuare drill. Clamp or chucl