The Hillsdale standard. [volume] (Hillsdale, Mich.) 1851-1909, 1878-10-15
WOODFORD AT MILWAUKEE,.
An Enthusiastic Meeting.

MILWAUKEE. Oct. z. Z.-lue Academy
Of Music. IN this city, was filled with
an enthusiastic Republican audience
, this evening Ia listen To the address, Of
! Lieut Gov. Stewart l.. Wo6dford, ~
New York CIV. Woodford, among
! other things, said:
WHERE THE WAYS PART.
! The people Of the republic stand to-
: day where the roads part. These roads
ARE two aud only two. One or the 9TH
or We must take. We are either 10 go
forward toward permanent specie re-
sumption, or We shall GO forward to an
irrcdeeInable paper currency. Specie
= resumption may he permanent. i do
!, uot say that il will be, because no leg
isla'ion can guard to-day against the
possible folly Of tomorrow. Specie
resumption, II based ou sound princi-
plies, II sought hy honest methods, will
%. necessity be permanent SO long a.
wisdom and economy shall control in
business aud national affairs. But II
Is impossible that an irredeemable pa
per currency shall be permanent IN this
land or in any. [ApplaLse Aud why?
It does not lie in the wit of man -
make something out of nothing, m.
keep 1t something forever. Applause.
An irredeemable paper currency can
not be permanent, becau some day
men Will dis'rust its power to buy.
You eau clothe il with the qrality of
paying past debt you can write upon
the paper, This is a dollar aud shall
pay dollars debt" And then. by
force, you may make me take il for a
dollar that you owe me. But there is
not power in law, after you hays cheat
Ell me once. tn make me sell 10 you an-
other time for that dollar aud take 1t III
payment. Applause You may clothe
the paper with the quality that shall
pay you for the work that you did last
week, bat you cannot clothe this paper
with the quality that shall make you
work next week for that paper dollar
Applause. Aud, therefore, | say. you
canuot make soRething oct OF othing
and keep il something forever.
Coming again to the statement that
we are where the roads divide,-that
we must either go forward to specie re-
sumption or go forward To an irreleem.
able paper currency,-let me frankly
say that believe an irredeemable pa
per currency must inevitably first cause
imitation that imitation must produce
uuwise speculation that unwise spec
ulatiun must result in disaster aud
bankruptcy. anil that bankruptcy must
inevitably result in repudiation. Ap-
plause.
PLAIN WORDS AND REASONS.
Now, these are very plain words. So
plain that | am bound ,as Que who s.ek>
To be- a good citizen, to give you frank
reasons for the faith that / bold. i
want to talk with you freely, i trust
fairly, on these two simple propositions:
First, rpecie resumption needs econo-
my. industry, and honesty. Economy,
industry, aud honesty mean. at the last.
general prosperity. The converse Of
that proposition Is this: An iri edeem-
able paper currency will compel inha-
tion, will compel the methods Of the
gambler in all the daily business of life,
aud must result in disaster and bank
rupicy. These two propositions are
/ the converse one of the other. | can
not argue the one without considering
the other. Let me consider them %.
gether. aud first. right here, let me di-
rrctly say that, for one. i do not be- !
lieve that there Is power IN the consti. |
tuition Of tie United States 20 author |
iZe the issue or the re-issue of "A dollar /
IN greenbacks In times of peace. | be- |
lieve that the money of the constitu-
ton is coin.
GOLD AND SILVER coIS.
believe that every poor man should |
have right tO test the solvency OF any |
bauk by taking that banks hill to tue |
bauk aud handing Il in their window
aud demanding the coin, aud u the |
bauk cannot pay the coin, shut its 1
doors. Applau,e. More than that. |
believe that every holder of green
back has the right 20 take that green
back TO the windows of the treasury, to /
hand that greeuback In, aud To demand /
a coin dollar for the breenback aud /
that il is a fraud upon the people in
time of peace 20 keep "a dollar in circu-
lation, whether IL he bank money or
greenback money. IL there is not coin /
dollar behind It, 50 that you may trust.
not faith, but NAV fairly rest upon alb
solute performance. Applause
CAPITAL WHAT MES SAVE.
Gentlemen, have you ever rcaliz 4
this? Capital is simply what men have
saved. This is all that it il. II | earn
dollar and spend 9j cents aud save ).
| belong o. the capitalist class to the
eutent of five cents Applause. IL
I earn a dollar aud spend dollar am
ten cents, | am spendthrift, aud ! /
shall wind up either IN the poOT.house
ur in the jail. Cheers. You cannot
introduce into politics any system of
logic or morals that you cannot intro
duce iBto yOur business. Y0u cannot
rob the bondholder without rObbing
yourself. Applause. The very rich
men got scared at the attack on thr
bondholder years ago, and they sold
their bonds and the bunds are TO-DAY
in the savings banks aud the life insur.
ance companies aud the fire INSURANCE
companies They are held here in tn
State Of Wisconsin. They are held III
over this land by people who put their
trust in the government. aud by Insti.
tutions and corporations that believe
the government meant what il said. -
You say, Give MS the same money
that the bondholder has" and from
this platform in all earuestness I ech.
the cry, "Give To labor all that th,
boudholder has" II you pay the bond.
holder in hard gold and in hard silver.
then in the name Of labor pay th,
wOrkingman in gold aud silver that are
Just as good as the bondholders.-[ap
plause no better and no worse, aud
that is all for which We plead. We art
asking for nothing for the national
banks. The banks eau take care q
themselves. We are asking nothing for
the bondholder except justice. Re
member these bondhOlders are TO-DAY
very largely the savings banks aud the
insurance companies that are protect.
ing the sayings aud the homes Of poor
men. We ask nothing for wealth, for
wealth can take care OF itself. But we
10 ask that dishonest wealth shall not
he allowed 10 cheat labor in all the
years 10 come by giving to labor dol
lar which is a deceit aud lie. Ap-
plause.
GOOD TINES WITHIN REACH.
Shall il be that now-now, when n
kind Providence has given us victory
over rebellion now, when all sections
Of the land are returning 60 their allie
glance; now, when the spindles a New
Euglsud aud the forRes Of Ohio NAV
look forward To profitable market la
the future-shall it be now that we are
To go back To- the sorrow aud shame