The midland journal. (Rising Sun, Md.) 1885-1947, 1891-07-31
SENATOR PETER.
Extracts From His Speech in New
York.

Extracts From His Speech in New
York.
come to you in direct lineage from
that Western orator who brought q
warning thirty odd years ago, to give
you the message that a greater power
than the slave power threatens the
country, and that you must destroy the
power or it will destroy you. 1t has
come to this whenever the men of Wall
street dictate policy, that policy is
adopted; whenever these men oppose a
policy, that policy is defeated. More
than twenty years ago new custom
was adopted in this country, namely,
whenever the men of Wall street need
more money they ask their partner at
Washington to come over and help
them, and he comes. Last year the
Secretary Of the Treasury reports some
where near slco,O0O,OoO of the PEG
ple's money paid over to Wall street
advanced in the way of interest. I saw
in the National Treasury at Washing
ton the other day great piles of bonds
stamped Interest prepaid to July l..
1891"
| Now, 10 contrast to that pretense. /
submit the millions Of suffering farmers
of this country. When the farmers ask
the government for money for their
actual needs they can not get it, while
men who are aourishing 10 wealth can
get it whenever they want it. That
condition of things must be changed.
We propose to take away no man 3
property. We propose to protect all
mems property.
i There is need Of several things. One
is more money, another is cheaper
money. / don't mean money that is
not good for anything. We want good
money. / don't care what kind but an
abundance of it. We want it at lower
rates of interest than we now pay.
Bondholders can get money at two per
cent, but the farmer cannot get it for
less than ten. We are going to equal
ze that thing if we have to revolution
ize the whole country.
/ Instead Of calling us regulators and
anarchists you ought to thank us for
giving you warning. We mean to make
our own money and plenty of it. That
is what we did during the war and we
can do it again. We shall not destroy
the money Of the rich. We shall not
touch dollar Of it. We simply pro-
pose to make money for ourselves. Are
moi the farmers lands as good as the
national banks bonds? Why not give
the farmer little two per cent money
from the national treasury as you do
the banksy These are not threats, they
are only warnings.
| One half of the homes of this coun-
try are mortgaged for more than they
are worth. Ifthe whole State OF Kan.
sas was put up at auction at thirty days
notice it would not bring enough 10 pay
her indebtedness. / mako the same
assertion regarding every agricultural
State in the country. We propose to
pay our debts, but we can't pay ten
per cent debt out of two per cent bus.
mess. The farms are worth little
more than the debts upon them but the
railroads of the State owe four or Eve
| times their value.
The time is coming when the people
will begin to build railroads. Some
day those railroads will either be put in
the hands of the people or else the PEG.
pie will build roads of their own. How
are they going to do it? We are com
ing 10 it very fast and it will be impos-
sible to avoid it. These changes are
upon us. No power but the Almighty
can prevent them, and be is with us.
, 1t is no use to daily any longer with
the old parties. They must be con-
verted or destroyed. We are going to