St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-11-28
scarcity of money. Poverty. inability
TO pay debts, inability TO support q
WILL MAKE MEN cowARps

WILL MAKE MEN TOWARDS
[Applause.] The creation of the great
middle classes of England was brought
about by the discovery OF gold In Mexico
and South America. Free silver i'm
Europe was the cause OF the people hal-
ing some money and becoming indie
pendent. The farmers of our country
today, in consequence OF the
mi ordinations of the money
lists are losing the independence Of
character for which they have been
NOTED. Applause.] Their mortgages
are making them towards; there is
nothing that makes man a coward so
quick as a mortgage OH his farm and TO
have his creditors pressing him. lap
tplause.l ] will not stop to explain to you
how this silver characterization frand
was committed. was in the senate
when the bill passed; did not know
it: had no means OF knowing IL; did
not know that any such scheme was
contemplated. There was no discussion
In the senate-nOt word, net a suggeS-
ton In the senate that the dollar vas to
be omitted. There is nothing IN the
record of the senate to show how
that dollar got out. The conferences OF
the committee don't show il. but we
find the fact to be that silver was
omitted. and | call upon the people to
explain how it occurred. 1t may have
been mistake. Who made the fraudu-
lent dollar? The men who clandeStinely
got the bill through and who
seem to take charge of the fraud.
A DelegateAMr. Stewart, are the peO-
pie bound by that fraud? Mr.. Stewart
They are bound as long as they submit,
and no longer. Loud cheers and cries
a - La; 70. fhnf
extent and no more.
THIS TRICK IN THE SENATE
was played for some motive; let us
trace it back an see what the motive
was. There was twenty-five thousand
millions of national debt that We know
OF. 1t is estimated by statisticians that
there is from three to five times as
much other debt, consisting OF
county, municipal and private
debts of individuals and corpora
tons, as national debt. Sup
pose there was only three times as
much, that would make hundred
thousand millions of debt in all. When
that debt was contracted the people had
the right to rely upon the supply of
money coming from the West. Two
hundred millions of gold ana silver was
being manufactured in month. They
had a right to rely on that ami to make
their calculations on that. Now this
scheme cut off one-half of that supply,
and the debtor is bound by that coii-
tract. When you get i'll debt you sell
money short, and you agree to deliver
something that you have not got at that
time. Ii it is a dollar you have con-
tracted to deliver, you are. in
the language of the street. ''cinched."
We knew before the repert was made
what must be the result of the lnyeStl-
cation in Europe. We knew that the
powers were at work; we knew very
well that the law of supply and demand
would make the price of money go up.
and the price of property 90 down; we
knew that all of us knew it. 1t did
not want any philosophers to tell
you how it would be. The royal com.
mission ascertained the fact and made it
public. They ascprtained it and put it
in learned language, but all the Same ii
is the fact. The world has suffered and
every age has suffered and all have sui
ferrd, and everywhere except the bond
, holders. The
WHOLE WORLD Is SUFFERING
the same as We are. Senator Stewart
jclosed by urging that there be plain
demand upon congress to rem0netlZe
Silver. No dallving. no compromise,
but a straight demand. Meet The
creditor face to face" he said, "for if
you must yield TO him your
property you might as well do
The report of the committee on reSOlu
ltiOns was read. and on motion recon
: mifed for correction. Calamity"
Weller, of Iowa, dissented from the
. views of the other members of the COM
mittee and presented the following
: ninority report:
1respeetfully submit minority report to the
report of the tpll committee on the Substi-
tute to the sixth resolution submitted by the
gentleman from Colorado. and briefly state:
First. that said substitute be amended. SO
modifying its statements that the
same indorse the statesmaniike acts
of the congress Of 1884 by which
gold dollar coin. making the quantity pre-
vIous in $500 sufficient for Sl.060 coined
subsequent. Seeond-Also an Endorsement
of the LEGISLATION which made the silver dol
lent Of the al u grains go fine dol
lar before the law. and in all courts
of record in limited Davments. Third it
win demonstrate our faith in the correctness
OF the conclusions of the United States
supreme court in their finding that the ma
terial of which money is composed has
nothing whatever to do with the properties
impaired by the supreme 1awmaking power,
the congress OF Inc UniteQ states. Fourtn III
will become a demonstration Of purpose
to finally reach financial system which shall
be as purely national as the United States
constitution; thus raising higher the stand
ard of American money for Americans. AS,
also. wise and patriotic element in the final
solution of the vexing ana mysterious tariff
question in the interest Of and benefit of
American productions.
After the reading of telegram from
the president of the Industrial league,
dated Washington. d. c.. urging the
unlimited coinage OF silver. the conven-
ton adjourned till 9 a. m. tomorrow.
when the majority report of the CON-
mitsee on resolutions will be taken up
and acted ON.