The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1878-09-26
BEN. BUTLER,
HE TALKS TO THE HOLSTERS.
Interesting and Instructive Facts Clearly Stated
What the RulnOus Radical Financial
Policy Has Done and Ia Doing
for the Country.

met in the Masonic Hall during this Campagn,-
The meeting was presided over by Judge G, II.
Ieet General Butler was detained at the Grand
Hotel until nearly eight o'clock, 1t being nnder-
stood that Judge Hughes, Of Pennsylvania, would
sneak hrst; but the crowd would listen TO no
one but Butler By the time he arrived, the
crowd was 80 dense that he had to be brought
in the back way The cheering lasted for five
minutes. When 1t ended he began by saying;
Ibaye exhausted my strength by my speech TO-
dav. and am tired from my long travel TO get here
IN keep nv engagement with you for that has
been the rule of my life lspeak at TerTe Haute
tomorrow but this meeting Of my fellow citi'
Eens OF Indiana and the intelligent faces which
I see before me- would inspire me to speak we're
on my dying bed instead Of being In respecta
BILE health,
find here men of business and workiugmen,-
This was not so heretofore at political meetings.
Candid men are thinking; What shall we do to
be sayedP You know the evils They reach you
ALL and you want to know the canse and the re-
medy. What are the evils2 Your granares In
the West are full to bursting while In the East
our warehouses are futl Of the productions oil the
manufactures, and yet there are starving men in
the East and barefooted women and children in
the West Why is this so1
There are plenty of railways to carry the pro-
ductions each way. We are told that the cause
Is over production. II that is the case, then the
remedy is idleness until we have consumed this
excessive production. l tell you the trouble is
under consumption. Understand the difference:
Oyer.produCtion means more than we consume,
II every man can get all he needs by working for
It, Under. consumption is where men can't get
as much as they need Of the production. told
this to a Republican friend Of mine who went up
10 Maine to speak, but he did not seem to under
stand; but l guess the people up there did.
[Cheers
Why have we under, consumption2 Because
you can not get what you want without money.
You must get money first, and after that all things
come easy. And how is money TO be got outside
of the interest on bonds and stocks? By labor
only does 1t come to the wOrkingman and by la
Dor aud enterprise to the business man. The
manufacturer may squeeze down the price OF Ia
Dor, but he never does that unless he has borrow
ed his capital at interest and has to force his la
Dor TO pay It,
It ia said that money Is plenty In the East at
per cent True; but you can not get 1t unless
Won have Government bonds for security, But
he who has them not might as we'll knock on
church door for money as to apply to bank
the people. You have S756O 600 of circulation
too small to do the retail business Of thecountry,
for the check book and draft does the wholesale
business When the man Of enterprise wants
money he can not get H. because he has to COM
pete with the bonds, which draw interest and are
free from taxation. The tax is about 2 per cent,
which, with interest at per cent, makes per
cent. as the real earning of the bond and 1t grows
In value. The census returns show the increase
In property to be only 3per cent per year, and no
business can ever pay 10 per cent. You have
borrowed money from the East at 10 per cent,
and now you are giving up your farms to pay 1t,
and the old man moves away from the old home.
stead to carve new one out of the woods or in
the raw prairie.
The man of enterprise must make money out Of
his labor; but will explain why and how
Take the manufacturer Of woOlleu goods. The
machinery and wool represents so per cent Of The
cost, while the labor represents only 20 per cent.
II the manufacturer bOrrows at 10 per cent, he
must squeeze his labor to live but the bonds are
safe and free from taxation. Therefore, they are
bought instead OF business Investments. Practic |
ally all bonds escape taxetion, whether National
State or county, and thus cutting coupons 10 safer
than making loans which may never be repaid. |
The scarcity of money is then, the cause OF the |
complex relations of AOciety demand money, aud |
no business lives Withoutit. All values are mea'
Bured by money.
II ia admitted that contraction has gone on |
since 1868 Before that we had plenty OF money. |
ANY man who would work could get IT, Then |
contraction came, and went on, and on, and now |
everybody can not get money ana WhyH The |
harvetts are abundant. The trouble 10 there is
not money enough. We are trying to reach q
specie basis by contracting values. Values have
gone down one-halt on all kinds OF property
except one. Certainly sll kinds Of property sho'd
go down together, or else none should All sn0d
be alike; and yet onethird Of the property Of this
country has not sunk dollar, but has raised ten.
To illustrate: A few years ago you built house
worth with the real estate, s6 600, and you put
mortgage on 1t for So 0O0. The house has gone
down to 5000, but the debt has not. 1t stands
the same and draws 10 per cent They should
sink together Legislation has done this.
am against that kind Of law. don't want to
hurt the property Of any one. am asking for a
change in the law II you dont let some one
come between you, you can change this. II q
Democrat is troubled about the resolutions OF
1898 and q Republican about the abolition OF sa-
very, they will not make the change they now
need II you all pull together, we will In the
East A great many Irish and Germans vote with
the Democrats, and they are told not TO vote with
the Republicans, for they vote with The negroes.
The Republicans tell the negroes and native
Americans not to vote with the Democrats, be.
cause they vote with the Irish; and thus men
whose interests are the same are kept apart by
the party managers don say We are any bet
ter than these managers, were we In their places,
will we let them fool us7 l don't ask you 10 join
any party. don't know that belong to any par
": but want change In the law. The Repub.
licans said II we would elect Hayes tunes would
be better, and the Democrats said the election of
Tilden would bring the same result but 10 far as
can see, neither we're elected. But, be that as II
may, certainly business is no better. This il q
good time 70 take the thing in your own hands '
and try change. You are in as bad a fix as you ,
can be-yOu can't make 1t worse. II you don
improve on II you can go back to them.
This question Of money is not understood They {
say the Government can't make money, but the {
Constitution says 1t must. You may hammer the |
stamp of Of q twenty dollar gold piece without ,
Its weight, and you can not buy din.
ner with II In any hotel In the city, The stamp
rs q commodity. Then why should we lock up 1
this marketable commodity In the shape Of mon |
ey? Is 1t inconvenient to carry or transfer to an
other, and what is the use OF 1T You take :
piece Of coin as money for the stamp upon it, and
not because you think Of ts intrinsic value, and
that stamp on anything will make 1t money. The
mailer coins show this, for they don't contain '
more than 30 per cent Of silver II the stamp raj
YES the value from 30 70 100, who would not raise
L the other 30f n
GreeAbGcks are q convenient money, as all ad. o
nit; but they say they can't be redeemed. Don't
hey pay bills and taxes, and thus redeem them. 3
JelVeBi You don't want gold We want money X
hat will do our business and let the world do Its o
)Wn business. More than this The world doesn't n
10 business In money any more than 1t does In
Gather. We exchange our grain for iron. You e
ell wheat in dollars and cents and get iron In q
pounds You have value in commodities. II 7
he money becomes valuable as merchandise 1t u
,Oes away as such, and you have no money. In o
s57 Europe made a call for gold and away it b
VENT and, as result, contraction followed, and 81
he panic and ruin And 1t would happen TO- c.
lay. ii
They want redeemable money. Money is the W
Measure of values as yardstick is OF cloth Why al
lot demand q redeemable yard stoek2 | wait Il
he Government to say, "rhat is dollar" HdOn't al
Yant il redeemed. l want it legal tender, so sc
hat II will pay all debts and taxes Newspaper Il
nen frequently air iheswi over this, and guess
be reason is because the wit is not extremely Il
hick They laugh at fiat money. The first fla:
7as fiat ur''-"let there be light and there was
ght, and the earth bloomed and bore fruits for
ian. Let the Government issue It's fiat" money,
nd new life will spring up in business, and men
III prosper. nj