The McCook tribune. (McCook, Neb.) 1886-1936, 1888-10-19

ufy unu 10 TtIhst 10 put " ~
where 1t belongs. If there is "a sufficient
amount In circulation In the hands OF inc
banks and the people to make business active.
To make IL possible that business may be &C
tive. then whit have you got9 You have got
prosperous times; capital can command ron
ey; farmers cnn command money. If on have
got u thousand dollars worth OF property. you
can raise Ave or six hundred dollars. amy day.
but If money is short. you cannot raise It. or.
If you raise 10. you Will raise IL on n terrible
rate of interest.
A resolution was passed instructing Mr..
Cleveland To pay all the debt. Under the cir
cumstances it was the duty of the president 20
return Ihis act with his approval, or TO return
il with II statement OF the reasons for not sign
ing IL. His reason wus,it contained u doctrine
that WIS dangerous That is a danger that
none OF us ever ran against. Little dangerous
with the fellow that holds the debt. hut wo
never considered II dangerous IL wc could pay
adebt. Ineycr did. thank God. If could get the
money 10 pay it,nnd I was always satisfied with
The result. All the doctrine ii contained vas
that h should pay the debt. There are out
standing against the United States. take Il I'm
round numbers. ono thousand million dollars
oI outstanding debts. Mr.. Cleveland refused
the payment OF these bonds, or to eXpend the
public money, aud what happened? Tue bonds
fell down, down and down To a difference Of
dive per cent. OH the value Of these bonds be-
tween the time he took the government and
he time he commenced TO pay them. and what
does that represent? Five per cent. on athou-
sand million dollars il nfty million dollars aud
there was II successful conspiracy to- bear
the bonds down from the time he took posses
sion q! the government aud then. when he de-
cidcd 10 deptrt from that policy, to boom them
up. Aud the men of Wall street. his friends
vhu had purchased the bonds. were the win
ners. Well. there is another little trick CON
accted with It. You know that we have dis
posed of sixty millions. 1t was dangerous,
sou know lie said. To pay the debts of the gov
eminent, but II was not dangerous to- take six
y million dollars and put il in the hands of the
ptnNs. which has been done, and under what
circumStuncesI Any interest! OH, no. SIXTY
million dollars of the money that belongs To
you, ana for which he is charged under the
Jaw to give I'm account, taken from the treas
ury OF the United States without authority.
1 defy amy gentleman of the democratic party.
n any other. to cite me an authority, to- Il
precedent, To II practice, which authorizes this.
sixty million taken from the treasury of the
United States, belonging to- the people, and
handed over to the national banks, and twenty
millions of it into the hands of the national
banks of the city of New York. What is the
result OF that? Sixty million dollars in the
hands of the banks is worth ut least five per
cent. What is the rate of interest here? Any
uf you get 1t for i've per cent? More likely
fifteen or twenty per cent. They take IL aHd
turn it over tO the banks, sixty million of It,
aud not II cenI OF interest. III any of you fOrma
natIurai bank here you have got to- go aEd buy
bonds and if you buy Is. you pay Sl3O under
tne sudden departure of Mr.. Cleveland from
The refusal to pay To the Willingness To- pay
which came over HIM after his annual message
To congress III December. After that time hG
commenced u pay up the bonds and they i'm
mcdiateiy became valuable and were redeem
cd ut II cost 10 somebody. Tncl he goes, with
out authority of law, custom or pTactic on the
part OF the other administration OF the gov
rnmcn ana turns over sixty million of dol
lars, and how does he do il? | suiI,if you formed
anajiunaI bank you bought the bonds and you
got ninety per cent. Uf their value in notes,
and in some Glasses of bonds yuu only got
eighty per cent. of their value. uut when they
put the money out they allow the banker to-
tuke Sl.IO on the bond, IL difference of twenty
or thirty cents between the returned security,
in case you use it to form II national bank, in
case you borrow 1T uf tue government. Where
are Hc to dayl In the hands OF the bulkers OF
the city of New York.
They say ii you call it in, il mcaEs what2
\ financial crash. And So the government of
the United States. worth this sixty million
at least. from five TO six million dollars per
year oil which Is held bJ tn: banks without ill
tercS;, and they can continue To mold II 80 long
as they cUn,.uuc 10 brave the government.
ami the only way i'll which the government
ciI OD,InI II - III tn9 peril OF Il crisis, II panic.
You are her; in the land district. where pep
pie are acquiring homes. and utics To homes
ii you Ca;i. and there Is Il little history down
there / want to cal your attention TO Tor IL
minute. They had up the Holman Bill, repeal
ans every tn.nS except the homestead law; no
more PIE e%InPtlOh. 40 more tImbercuiCure, 10
more continuation under the homestead law.
There was OI5 amendment which proposed
tdat. instead If strining down the last chance
OF Il Ill - To puy It ale 10 thDmt.n NJ should nc
allowed 80 up 80 il this wise. after settlement
~ II year Ia: snOu"i Ic permitted IL pay out
under the COMMUNICATION clause. The dcmO-
cratic iIpusa rati Lhtu proposition. Then L
said, in Two years let him buy" and they
beat ttltJ. Well, nov then, what is tine effect
of Ii: | h.v: no necessity of arguing Ghat
proposition with Il western audience. You
know. perfectly well, hid we not hal II com
mutation clause 40 the homestead act, the pre-
cmptiOu act. he u would nave been no Ee.ras-
ka, no iowa. 40 man can hold on here for
five years and face The universities Of this cl.-
mate. ami this country, unless he can use the
ldnd upon %hicn he has scaled a5 property;
cant do it. (AppIauseJ
And there is another propositions; that is,
that wheL any settler had taken land AND mad
been compelled, by any cause. such rs SICK
ness OF failure oil crops, 10 pay QUE unGcr JHe
CUmIuutaJIru laws OF Ihe United states. aud
afterwards naI not UceH dJlr To come back
and hold Il, thdt ne should Ue treated tuc same
as though he ntd taken IL from the beginning
ds IL nJue>tvaG ana the government should re-
store n!m EI, money tndt he i'd, paid. ana they
beau tIdt. There was another amendment TO
do away with th.t great cvli t. I'M settler, that
comes day or night. That WIS TO project
d.itIIIst c~UutGsts caused by IIi-WiI or dvar.ce.
/ offered aI duCIIidicEiC 10 tine Oil -JTatt VINO
ever instituted Il contest should DIud himself
IA Il bond u pay the costs. load dDpiauScJ
Ihey heat that. Afterwards the Committee,
wueu II was up Ou the abstract proposition,
gave me Il iavOrabl report, 50 that / dIn in
hopes u get that through the house. Then
there was another OH the OKiauvIut bill. There
Is AN uIcXrInZ8s shed tIIic to this land belonging
To- tlx CnOcIaws. There was an amendment
offered that the United States s.tp;.Ii cxfltI-
GuI>n that title ami Upr: NJ their iu.r!>r 70 ST
Element. Fundamentally friends StIi u ugulI
Ctg~J the government SD dH acre r. r4... IN
that luuI aui the hpur>tcai-r should u- conn
PEELED To- pay that $50, Instead nf the past
DJIlcr. wlI!CI has ECe4I To Urc>c4It the lam! clear
Uf all cIictI.Ia rance.
Now thUd, gentlemen ami ladies. have DONE,
5ut before leaving you. | WANT To charge Suu
with Ouc thing: that i. Always stand By the
legislative ticket OF TINS state and GnfS district.
Z H., r-..f4 10. fF.. I F4rFa1 F.ss.z f.rfrI ,4-r--.Lr..