Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1892-12-17
CHARLES q PAIRcHILD.

He pointed out the grave duties still TO
be performed and called upon the mem
bers OF the league to uphold the hands Of
the represent Jatives in congress-. Mr..
Pierc" called attention to the fact tha,
the protect ionists are ST i'll active. and
that they will try to SOW some dissension
among the reformers. This, he said. .must
be guarded against He then INTRODUCED
Hon. Charles s. Fairchild, who he said
would speak as u business man aud not as
. politician.
All the members OF the league arose and
gavc three cheers as Mr.. Fairchild took
the hDor. He spoke in substance as fol.
lows, the telling points in his speech be-
ing heartily arplauded:
speech Of ur. Fairchi,d.
Thos. In FAVOR Of tariff reform have still a
duty "a perform After election II seemed u
me our Republican friends would abandon
the battle-ground forever. But now Il seems
that they have found that the only rallying
point they had was around that involved I'm
protectionism and paternalism In govern
ment. We see even now their change FROM
the original po.iiion that the Democrats were
70 have the whole government aud be respon-
sible for everything, and that they are trying
90 hold the senate rs their last citadel, hoping
u prevent any amendment to the tariff.
Icannot believe IL will I've successful, but IL
Il IL, there IL still q long battle before tariff
reformers and vast deal Of work for This
and ali other similar organizations TO do In or
der TO hold what you have already gained till
your full hopes be fulfilled. Our busine
friends ask for stability In business. But they
have built up sn artificial system whereby the
business OF this country Is held mp above Its
natural conditions. Instead of seeking TO do
ths one thing requisite to the maintenance
OF their sy stem, the thorough education OF the
In 10 Wi ilf.l n ayA. lpV iaX "a
sought to divert their minds In every possible
way from the consideration Of the true sub.
ject.
Another thing. they have formed habit,
begun four years ago, of contributing vast
sums OF money 10 buy elections. IL Is useless
" deny that the Democrats are equally guilty
with the Repub leans In
Attempts to Corrupt Elections.
But heretofore Il has been done under the ex-
element Of canvass. We have seen these sue.
csssful men deliberately contributing of their
substance 10 undermine the foundat ions of So
ciety.
We have before MS very grave question,
which involves protectionisn, governmental-
lam and paternalism, and that is our cur
rency system. IL the people Of this country
can be successfully educated az TO the limIta-
uons OF the power Of government over value
In money, a great point would be made. A
superstition surrounds the words legal ten
der"
don't think there IL any power In govern
ment 70 give any value TO anything BY adding
the legal tender quality 10 II. In all the legal
tender paper money there has not only been the
legal tender quality. but there has also been the
promise TO pay. Other moneys in other parts
o tn" world have had this legal tender quail
tty and this promise 20 pay, and we have
found them becoming utterly valueless and
yet staining their legal tender quality.
IL once seemed 20 me that, II that money
could pay ante ,edent debts. as IL always
could, II ought always 20 retain some value,
and yet We had seen legal tender money
Absolutely Worthless
Ihavs reasoned 1t out thus II the government
could create few instruments to cancel
debts, limiting their number to the needs for
that purpose, they would have high price.
But. when you come 10 create 10 bney for all
the purpt ses Of money. II IL used In such
vastly larger prv voortions for other purposes
than paying ante .edent debts, and those other
purposes are OF such infinitely greater impor-
tance to mankind, that its advantage As =
debt-destroying thing becomes so infinitely
small In comparison with the values which IL
does not have that IL itsslf becomes utterly
worthless
Another question very much controverted
during the canvass Is that OF bank notes
There s no res son In the nature Of things why
Government should forbid you from issuing
your obligation psysbie on demand for Q dol
Jar, and why II should forbid me from passing
Il 10 my neigh Dor. and him from passing Il on;
and that 10 q bank note.
Dut government has found that this bank
note ejaculation possessed q very good uss,that
Il was one OF the means for oiling the wheels
d commercs, that IL was q supplemsnt to the
other great system--ths promissory note pay
able on time-that Il performed an equally I'M
portant function. but in order q perform that
perfectly IL mustbs
surrounded by Safeguards
20 well known that men could rightly hold
shsss things called bank notes without too
much examinst ion and consid ration.
Therefore. governments have come 20 inter-
fsre between you and me and AXE from bot b
Of US q portion Of our natural rights. In ordet
chat this thing might perform it's ~, aicr ur".
fulness In the business ~ the world. They
have not only taken away that right betweel
you and me. but they have destroyed the
whole thing. hcre II no more statesman
chip. there IA no more sense In depriying the
Amer ca p % .e of one Of the moot use
devices of modern times, be,sd," - Zone
NAV sometimes lose by it, than tise Il In de.
piving them VI the other forms of CONNER.
sial credit
In the fass of shs vast ussfullsO sf Q good
bank note cirv alatisn which win pass from
hand readily, hat nos . legal tender, say IL 3
stnf inbseilit' fos sAis AmGieaA psonas y