Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1892-08-14

lated anu IL 1t now regulating the
first great instrument Of commerce.
money, and IL not, why notY
they have farmed il out and rented
it out to spectators and usurers lap
plauseL and they have clothed class
OF gentlemen in this country with fur
too much power. l um not fighting
them. This great movement is too
big TO fight IL man or au individual.
Inc gun is too large to shoot ut n
tomtit- Laughter and applausel
We ure fighting n vicious system.
Congress has furned nut this power
that was imposed on it To individuals
and has given such individuals the
power To Issue money aud TO say when
it shall DO retired and how much
shall be placed in circulation.
APPLICATION OF MONEY.
In order that We mny fully under
stand the matter, / want to ask u
favor Of this audience. This is my
first appearance before Il Virginia
City audience, and | ask you shall go
buck with ms u quarter OF II century,
bac3 20 that pleasant period in our
history when the bugles Of two armies
sang truce all along the iron front Of
war; wuon the blessed angel or peace
folded her wings and said to both
armies, put up your swords, do no
more harm, the knife shall be- taken
from the throat Of the brother. Can
you not hear now in imagination the
sweet cadence Of those bugles ns they
poured upon the eager ears Of the
world their sweet message OF peace?
How we'll life did seem worth living.
How brightly the u did shine. 1t
was q welcome Gay TO both victors aud
vanquished, and now, in the hushed
silence Of rushing memories that come
upon u minds, l wish TO asti this
audience q iew questions. I aay no
man can understand this tremendous
movement among the people without
going UhCR uNnlle.
BEGIN WITT THE PEOPLE
Reform movements always begin
among the people, begin just where
the pot begins to boil, right next to
the tire. How many people had We
residing in the Northern States when
tho wal closed? Less than 25,OOO,OOO,
out call II 25,U00,OO0. How many in
the South? Less than lo,ooo,oco, but
call il lo,ooo,ooo. Less than 3,uou,-
DOC nil told residing botn North Gnd
South. What was the financial con-
dition OF the people in tho North when
the war closed? l have more than
LOCO witnesses here tonight who
lived through that period and you
know that in no period Of the history
OF this country and within your
memories were the times SO good as
they were when tho war closed in
1865 in the Northern States. Prices
were high, labor was employ cd, money
was plentiful and the people were
FREQ from debt. That Was the condi
ton in the Northern States in 1863.
What was the condition in the South
when the war closed? Trodden down
by two armies, vanquished, humilI-
ated. They had nothing left but tho
water and the air and tho land, and
you, my comrades, They did not
have fences around their plantations
Tor Ne always took the top rail.
lLnughter.l The South was dosolato.
Where WIS the money that Was in
when the war closed? IL
was in the Northern States, all with
the 25,ooo,ooo Of people. What effect
did the close Of the war have on the
money in circulation in tho North?
Let me illustrate tho fact. SUPPOSE
l have in front Of mo here two rescr.
voirs, n large one on my right full of
wnter and a small one on my left
empty. II l take down tho partition
wall, as u matter Of course the water
will flow from the large reservoir into
tho small ono When tho war closed,
tho North was tho big reservoir full
OF money and prosperity, and tho
South was the little ono, empty, and
when you took away the line OF bayo-
nets mud soldiers between tho North
and South much money had 10 flow
from the North 10 tho South, leaving
less in the North. Certainly il there
had been nothing else done affecting
Dur financial standing except the
close OF tho war, that Of necessity
would have made money scurcor in
the North, because a FUR share OF tho
money had to 20 South to rcbabilitate
that section Of tho country. How
much money had We in the North
when tho war closely
MONEY IN THE NORTH.
! hold IN my hands q speech do
livered by Mr. John j. Knox, the
OF Currency after tho var
closed. Ito IL n Republican who had
OF the question ho was talking
about and no was too shrowd TO mis-.
state tho question ngninst himself.
This speech Is published IN the pro-
coodipps Of tho National Bankers
held IN Pittsbqrg, Pa, in
1881.
On phges 20 and q Mr. Knox nm.
swers THO question az 10 how much
money wo had mt tho close OF tho war.
four years after tho war hpd
commenced, to.wit; August, 1865,
which was after it's close, tho public