Daily press and Dakotaian. [volume] (Yankton, Dakota Territory [S.D.]) 1875-1880, 1878-10-14

to pay. II nonsense can 60 beyond that, !
cannot conceive the route or path that II
will take. Then IL congress says We must
take it, congress must tx the price of every.
thing. 1t must fix the price of wheatj it
must fix the Price Of making = speech in
, Law suit; it must AZ the price OF every
or else IL cannot make its money
gool.
Some gentlemen say TINT congress has the
power to make money, and I want to ask
n question l want you to think
about it: If this government has the pow
er TO make money, why should it collect
taxes from us? Why don't they make it,
and let us alone1 If this government can
make a dollar or a Thousand. dollar bill Just
that quick [slapping his hands toge,her],
Why should they make us labor day and
and make us pay taxes to support
them? If the government can make mon
ey, let them make II. and let, US alone. But
instead Of that, this great government comes
up here into this country with the bayonet
and compels you to pay taxes. 1t is like
the ocean trotting around to borrow . little
salt water, or like the sun trying to get the
loan Of . candle from some poor devil that
has worked weeks to make that candle. So
l say to them if they can do it letthem do ii.
Very we'll if government can make mon
ey, 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 upthe bonds
and bring money In that way into circula-
tion, and then business will be prosperous.
But l say business will be prosperous when
the country is prosperous. But if you get
too much paper. and it goes down, who
loses it? The man who has earned it and
the man who loses it. You need not be
afraid but what the smart people-the peo-
pie of Wall street-will take care of them.
selves. They require their toll from every
man that goes by their way but the farmer
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 day he received it..
They say there is not money enough. | say
there is plenty-plenty; | wish could get
it. We don't lack money. The banks have
got plenty Of money a certain portion Of
the people have money. We are lacking
collaterals-that is what we are lacking
You can get all you want on call in New
York at II and 2 per cent: and do you know
why you don't go and get il? Because you
haven't got the collatterals; and if re are
going to pass a law on this subject, | would
like to have congress pass a law furnishing
US collaterals. But it will not do; there is
no foundation to it. When that money gets
out it has all got to be paid.
Call it "fat' ~money-call it what you
please the reason hat q. gold dollar is
worth a 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,
including all the fellows that hunted and
didn't find it. If you take a piece Of paper
and say that it represents IS or Slot only
represents it because there is a promise to
pay that money!, is only good when you
believe that the man by government that
made the promise. is good, and you can't 60
beyond it. Suppose you could blot from
your mind that there was such q thing as
gold and silver-what is a dollar, just leav.
ing gold and silver entirely out? You have
got q fiat" bill that says it is Sl4, and it is
valuable because it never will be redeemed,
Gold and silver is valuable Of itself. When
take a $40 gold piece and go to England,
l have to sell it the same as l would a bush
ell Ct corn, and all that spread. eagle non
sense doesn't add one solitary farthing to it
value. And when a sovereign comes here
from England, We don't care anything abou
} the beautiful picture Of Queen Victoria, o
any other girl. 1t is worth so much and NJ
more. But they say that it is the stamp Q
the government that makes it valuable
Why not stamp them tens, thousands, o
millions, and lie, us all be m%illionsires? l
won't do! We will never get prosperity il
that way. Slowly, steadily, and surely gu
money has advanced; slowly, steadily, an
surely the world has had more confidenc
in the industry, the honesty, and the integ
rity Of the American people, and to that Z
tent our money has advanced until it ha
finally clasped hands upon an equality witt
the precious metals. We are just inside Q
! port. We came in tempest-tossed, ever.
sail torn and rent and every mast BY th
side; and these wreckers stand on the shore
I and say if you don't want prosperity put on
J to sea once more. w don't want to-w
want honest methods. No man lives in
I country where money is under par that h
+ does not feel a little under par himsel'
, l never took out a bill that was at 2 or
per cent. discount that l did not feel a it'll
! that way, too! This great and splendid re
public, with the most intelligent and bes
, people in the woodland l say the MOT
honest-I want its promise 10 be as good i
every part Of the world as the promise Q
: any other nation. l rant the greenback t
, be preserved; l want to have gold and 81
yer behind it; l want it 80 that if l shout
20 into the farthest isle of the Pacific an
should take out a greenback, a savage woul
: look at it, and his eyes would glitter as
he looked at gold. Then you feel like 20
are somebody like you had = great an
splendid nation, and even that old fla
would look better if every promise of tn
United States had been redeemed. An
you never know how much you feel lik
that until you 60 to a foreign countr,
} When I was there . few days ago, l jul
) happened to see that old aag-it looked
me as if the air had just blossomed out.